PGIM Private Credit Fund 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 13, 2023
Document Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Transition Report	false
Entity File Number	814-01582
Entity Registrant Name	PGIM Private Credit Fund
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-1771414
Entity Address, Address Line One	655 Broad Street
Entity Address, City or Town	Newark
Entity Address State Or Province	NJ
Entity Address, Postal Zip Code	07102-4410
City Area Code	973
Local Phone Number	802-5032
Title of 12(b) Security	None
Trading Symbol	PGIM
Security Exchange Name	NONE
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 Central Index Key	0001923622
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class I Shares
Document Information
Entity Common Stock, Shares Outstanding		4,286,877
Class S Shares
Document Information
Entity Common Stock, Shares Outstanding		382
Class D Shares
Document Information
Entity Common Stock, Shares Outstanding		382

Statements of Assets and Liabil

Statements of Assets and Liabilities - USD ($) $ in Thousands		Sep. 30, 2023		Dec. 31, 2022
ASSETS
Investment, Issuer Affiliation	[1]	Non- affiliated investments		Non- affiliated investments
Non-affiliated investments (cost of $83,778 and $8,486 at September 30, 2023 and December 31, 2022, respectively)	[1]	$ 83,944		$ 8,486
Cash and cash equivalents		30,486		3,218
Foreign currency, at value		65		0
Interest receivable from non-affiliated investments		515		43
Unrealized appreciation on OTC forward foreign currency exchange contracts		24
Due from Manager		869		89
Other assets		53		1
Total assets		115,956		11,837
LIABILITIES
Professional fees payable		103		50
Transfer agent's fees payable		16		0
Custodian and accounting fees payable		160		22
Accrued pricing fees payable		66
Trustees' fees payable		160
Accrued expenses and other liabilities		9		20
Total liabilities		514		92
Commitments and contingencies (Note 7)
NET ASSETS
Common shares, $0.001 par value (unlimited shares authorized; 4,287,640 and 468,100 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively)	[2]	4		0
Paid-in capital in excess of par value		109,144		11,703
Total distributable earnings (loss)		6,294		42
Total net assets		$ 115,442		$ 11,745
Class I Shares
Class of Shares:
Net asset value, offering price and redemption price per share		$ 26.92		$ 25.09
Class S Shares
Class of Shares:
Net asset value, offering price and redemption price per share		26.87	[3]	26.20
Class D Shares
Class of Shares:
Net asset value, offering price and redemption price per share		$ 26.91	[3]	$ 26.20
[1] Includes fair value of unfunded loan commitments which are disclosed in footnote seven within the Schedule of Investments. Class S and Class D shares commenced operations on July 3, 2023.

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Cost	$ 83,778	$ 8,486
Common shares, par value (in dollars per share)	$ 0.001	$ 0.001
Common shares, shares authorized	Unlimited	Unlimited
Common shares, shares issued	4,287,640	468,100
Common shares, shares outstanding	4,287,640	468,100
Class I Shares
Common shares, shares issued	4,286,877	468,100
Common shares, shares outstanding	4,286,877	468,100
Net asset value	$ 115,422	$ 11,745
Class S Shares
Common shares, shares issued	382
Common shares, shares outstanding	382
Net asset value	$ 10
Class D Shares
Common shares, shares issued	382
Common shares, shares outstanding	382
Net asset value	$ 10

Statements of Operations

Statements of Operations $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)		Sep. 30, 2023 USD ($)
Investment income
Interest income	$ 2,635		$ 5,309
Dividend income	439		967
Fee income	50		50
Total investment income	$ 3,124		$ 6,326
Investment, Issuer Affiliation	Non- affiliated investments	[1]	Non- affiliated investments	[1]
Expenses
Professional fees	$ 770		$ 996
Income based incentive fees	212		397
Trustees' fees	204		292
Custodian and accounting fees	48		138
Transfer agent's fees and expenses(a)	54		132
Management fees	118		118
Pricing fees	39		66
Shareholders' reports	41		53
Other general & administrative	15		34
Total expenses	1,501		2,226
Expense reimbursement (Note 3)(a)	(1,029)		(1,392)
Incentive fees waived (Note 3)	(212)		(397)
Management fees waived (Note 3)	(118)		(118)
Net expenses	142		319
Net Investment Income (loss)	2,982		6,007
Net Realized gain (loss) on:
Non-affiliated investments transactions	0		0
Forward currency contracts	58		50
Foreign currency transactions	(1)		6
Net realized gain (loss)	57		56
Net change in unrealized appreciation (depreciation) on:
Non-affiliated investments	53		166
Forward currency contracts	15		24
Foreign currencies	(1)		(1)
Net unrealized appreciation (depreciation)	67		189
Net gain (loss) on investments and foreign currency transactions	124		245
Net increase (decrease) in net assets resulting from operations	$ 3,106		$ 6,252
[1] Includes fair value of unfunded loan commitments which are disclosed in footnote seven within the Schedule of Investments.

Statements of Operations (Paren

Statements of Operations (Parenthetical) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Class I Shares
Class specific expenses and waivers were as follows:
Transfer agent's fees and expenses	$ 122
Expense reimbursement	(1,382)
Class S Shares
Class specific expenses and waivers were as follows:
Transfer agent's fees and expenses	5
Expense reimbursement	(5)
Class D Shares
Class specific expenses and waivers were as follows:
Transfer agent's fees and expenses	5
Expense reimbursement	$ (5)

Statements of Changes in Net As

Statements of Changes in Net Assets - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Net investment income (loss)	$ 2,982	$ 6,007
Net realized gain (loss)	57	56
Net change in unrealized appreciation (depreciation)	67	189
Net increase (decrease) in net assets resulting from operations	3,106	6,252
Share transactions
Net increase (decrease) from share transactions	45	97,445
Total increase (decrease) in net assets	3,151	103,697
Net Assets, beginning of period	112,291	11,745
Net Assets, end of period	115,442	115,442
Class I Shares
Share transactions
Proceeds from shares sold	25	97,425
Class S Shares
Share transactions
Proceeds from shares sold	10	10
Class D Shares
Share transactions
Proceeds from shares sold	$ 10	$ 10

Statement of Cash Flows

Statement of Cash Flows $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$ 6,252
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net unrealized (appreciation) depreciation on investments	(166)
Net unrealized (appreciation) depreciation on foreign currency forward contracts	(24)
Net unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies	1
Net realized (gain) loss on investments	0
Net accretion of discount and amortization of premium	(243)
Purchases of investments, net	(76,753)
Proceeds from principal repayments	1,704
(Increase) decrease in assets
Interest receivable	(472)
Due from Manager	(780)
Other assets	(52)
Increase (decrease) in liabilities
Professional fees payable	53
Transfer agent's fees payable	16
Custodian and accounting fees payable	138
Accrued pricing fees payable	66
Trustees' fees payable	160
Accrued expenses and other liabilities	(11)
Net cash provided by (used in) operating activities	(70,111)
Cash flows from financing activities:
Proceeds from issuance of common shares	97,445
Net cash provided by (used in) financing activities	97,445
Net increase (decrease) in cash and cash equivalents	27,334
Effect of foreign exchange rate changes on cash and cash equivalents	(1)
Cash and cash equivalents, beginning of period	3,218
Cash and cash equivalents, end of period, including foreign currency	$ 30,551

Schedule of Investments

Schedule of Investments € in Thousands, $ in Thousands, $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2023 EUR (€)	Sep. 30, 2023 AUD ($)
Schedule of Investments
Investment, Issuer Affiliation	[1]	Non- affiliated investments	Non- affiliated investments	Non- affiliated investments	Non- affiliated investments
Cost		$ 83,778	$ 8,486
Fair Value	[1]	83,944	8,486
Total Portfolio Investments and Cash Equivalent, Cost		112,120	11,704
Total Portfolio Investments and Cash Equivalent, Fair Value		$ 112,286	$ 11,704
Total Portfolio Investments and Cash Equivalent, % of Net Assets		97.27%	99.66%	97.27%	97.27%
Cash Equivalents
Schedule of Investments
Total Portfolio Investments and Cash Equivalent, Cost		$ 28,342	$ 3,218
Total Portfolio Investments and Cash Equivalent, Fair Value		$ 28,342	$ 3,218
Total Portfolio Investments and Cash Equivalent, % of Net Assets		24.55%	27.40%	24.55%	24.55%
Unobservable input		true		true	true
State Street Institutional US Government Money Market Fund
Schedule of Investments
Total Portfolio Investments and Cash Equivalent, Cost		$ 28,342	$ 3,218
Total Portfolio Investments and Cash Equivalent, Fair Value		$ 28,342	$ 3,218
Total Portfolio Investments and Cash Equivalent, % of Net Assets		24.55%	27.40%	24.55%	24.55%
UNITED STATES
Schedule of Investments
Cost		$ 82,568	$ 8,486
Fair Value		82,779	8,486
First Lien Debt
Schedule of Investments
Cost		83,778	8,486
Fair Value		$ 83,944	$ 8,486
% of Net Assets		72.72%	72.26%	72.72%	72.72%
Unobservable input		true	true	true	true
Investment, Identifier [Axis]: ADB Acquiror, Inc (Delayed Draw) Due 5/12/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		ADB Acquiror, Inc
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Health Care Providers & Services		Health Care Providers & Services	Health Care Providers & Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.65%		7.65%	7.65%
Interest Rate		13.04%		13.04%	13.04%
Maturity Date		May 12, 2028		May 12, 2028	May 12, 2028
Par Amount/ Units		$ 1,727
Cost		(44)
Fair Value		$ (36)
% of Net Assets		(0.03%)		(0.03%)	(0.03%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: ADB Acquiror, Inc (Revolver) Due 5/12/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		ADB Acquiror, Inc
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Health Care Providers & Services		Health Care Providers & Services	Health Care Providers & Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.65%		7.65%	7.65%
Interest Rate		13.04%		13.04%	13.04%
Maturity Date		May 12, 2028		May 12, 2028	May 12, 2028
Par Amount/ Units		$ 455
Cost		(11)
Fair Value		$ (9)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: ADB Acquiror, Inc Due 5/12/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		ADB Acquiror, Inc
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Health Care Providers & Services		Health Care Providers & Services	Health Care Providers & Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.65%		7.65%	7.65%
Interest Rate		13.04%		13.04%	13.04%
Maturity Date		May 12, 2028		May 12, 2028	May 12, 2028
Par Amount/ Units		$ 5,077
Cost		4,948
Fair Value		$ 4,972
% of Net Assets		4.31%		4.31%	4.31%
Unobservable input		true		true	true
Investment, Identifier [Axis]: ADB Acquisition, LLC, Due 12/18/2025, One
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:AdbAcquisitionLlcMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Construction & Engineering		Construction & Engineering	Construction & Engineering
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.76%		6.76%	6.76%
Interest Rate		12.15%		12.15%	12.15%
Maturity Date		Dec. 18, 2025		Dec. 18, 2025	Dec. 18, 2025
Par Amount/ Units		$ 2,825
Cost		2,787
Fair Value		$ 2,757
% of Net Assets		2.39%		2.39%	2.39%
Unobservable input		true		true	true
Investment, Identifier [Axis]: ADB Acquisition, LLC, Due 12/18/2025, Two
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:AdbAcquisitionLlcMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Construction & Engineering		Construction & Engineering	Construction & Engineering
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.76%		6.76%	6.76%
Interest Rate		12.13%		12.13%	12.13%
Maturity Date		Dec. 18, 2025		Dec. 18, 2025	Dec. 18, 2025
Par Amount/ Units		$ 530
Cost		518
Fair Value		$ 518
% of Net Assets		0.45%		0.45%	0.45%
Unobservable input		true		true	true
Investment, Identifier [Axis]: AOM Intermediate Holdco, LLC (Delayed Draw), Due 8/22/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		AOM Intermediate Holdco, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Media		Media	Media
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.90%		6.90%	6.90%
Interest Rate		12.29%		12.29%	12.29%
Maturity Date		Aug. 22, 2028		Aug. 22, 2028	Aug. 22, 2028
Par Amount/ Units		$ 773
Cost		(19)
Fair Value		$ (19)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: AOM Intermediate Holdco, LLC (Revolver), Due 8/22/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		AOM Intermediate Holdco, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Media		Media	Media
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.90%		6.90%	6.90%
Interest Rate		12.29%		12.29%	12.29%
Maturity Date		Aug. 22, 2028		Aug. 22, 2028	Aug. 22, 2028
Par Amount/ Units		$ 258
Cost		(6)
Fair Value		$ (6)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: AOM Intermediate Holdco, LLC. Due 8/22/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		AOM Intermediate Holdco, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Media		Media	Media
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.90%		6.90%	6.90%
Interest Rate		12.29%		12.29%	12.29%
Maturity Date		Aug. 22, 2028		Aug. 22, 2028	Aug. 22, 2028
Par Amount/ Units		$ 3,400
Cost		3,317
Fair Value		$ 3,317
% of Net Assets		2.88%		2.88%	2.88%
Unobservable input		true		true	true
Investment, Identifier [Axis]: AgroFresh, Inc. (Delayed Draw), 3/31/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:AgrofreshInc.Member
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Chemicals		Chemicals	Chemicals
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.60%		6.60%	6.60%
Interest Rate		11.92%		11.92%	11.92%
Maturity Date		Mar. 31, 2029		Mar. 31, 2029	Mar. 31, 2029
Par Amount/ Units		$ 707
Cost		688
Fair Value		$ 691
% of Net Assets		0.60%		0.60%	0.60%
Unobservable input		true		true	true
Investment, Identifier [Axis]: AgroFresh, Inc. (Revolver) , 3/31/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:AgrofreshInc.Member
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Chemicals		Chemicals	Chemicals
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.60%		6.60%	6.60%
Interest Rate		11.92%		11.92%	11.92%
Maturity Date		Mar. 31, 2028		Mar. 31, 2028	Mar. 31, 2028
Par Amount/ Units		$ 566
Cost		551
Fair Value		$ 553
% of Net Assets		0.48%		0.48%	0.48%
Unobservable input		true		true	true
Investment, Identifier [Axis]: AgroFresh, Inc., Due 3/31/2029, One
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:AgrofreshInc.Member
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Chemicals		Chemicals	Chemicals
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		us-gaap:EurodollarMember		us-gaap:EurodollarMember	us-gaap:EurodollarMember
Spread Rate		7.25%		7.25%	7.25%
Interest Rate		11.11%		11.11%	11.11%
Maturity Date		Mar. 31, 2029		Mar. 31, 2029	Mar. 31, 2029
Par Amount/ Units		$ 828
Cost		873
Fair Value		$ 854
% of Net Assets		0.74%		0.74%	0.74%
Unobservable input		true		true	true
Investment, Identifier [Axis]: AgroFresh, Inc., Due 3/31/2029, Two
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:AgrofreshInc.Member
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Chemicals		Chemicals	Chemicals
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.60%		6.60%	6.60%
Interest Rate		11.92%		11.92%	11.92%
Maturity Date		Mar. 31, 2029		Mar. 31, 2029	Mar. 31, 2029
Par Amount/ Units | €				€ 5,231
Cost		$ 5,087
Fair Value		$ 5,110
% of Net Assets		4.42%		4.42%	4.42%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Capital Construction, LLC (Delayed Draw), 10/22/2026
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments	Non- affiliated investments	Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Capital Construction, LLC	Capital Construction, LLC
Investment, Type		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Construction & Engineering	Construction & Engineering	Construction & Engineering	Construction & Engineering
Investment, Issuer Geographic Region		UNITED STATES	UNITED STATES	UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.35%	6.60%	6.35%	6.35%
Interest Rate		11.68%	10.96%	11.68%	11.68%
Maturity Date		Oct. 22, 2026	Oct. 22, 2026	Oct. 22, 2026	Oct. 22, 2026
Par Amount/ Units		$ 1,256	$ 1,259
Cost		1,234	(14)
Fair Value		$ 1,238	$ (14)
% of Net Assets		1.07%	(0.12%)	1.07%	1.07%
Unobservable input		true	true	true	true
Investment, Identifier [Axis]: Capital Construction, LLC (Revolver), Due 10/22/2026
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments	Non- affiliated investments	Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Capital Construction, LLC	Capital Construction, LLC
Investment, Type		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Construction & Engineering	Construction & Engineering	Construction & Engineering	Construction & Engineering
Investment, Issuer Geographic Region		UNITED STATES	UNITED STATES	UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.35%	6.60%	6.35%	6.35%
Interest Rate		11.68%	10.96%	11.68%	11.68%
Maturity Date		Oct. 22, 2026	Oct. 22, 2026	Oct. 22, 2026	Oct. 22, 2026
Par Amount/ Units		$ 222	$ 222
Cost		129	50
Fair Value		$ 130	$ 50
% of Net Assets		0.11%	0.43%	0.11%	0.11%
Unobservable input		true	true	true	true
Investment, Identifier [Axis]: Capital Construction, LLC, Due 10/22/2026
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Capital Construction, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Construction & Engineering		Construction & Engineering	Construction & Engineering
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.35%		6.35%	6.35%
Interest Rate		11.68%		11.68%	11.68%
Maturity Date		Oct. 22, 2026		Oct. 22, 2026	Oct. 22, 2026
Par Amount/ Units		$ 927
Cost		910
Fair Value		$ 914
% of Net Assets		0.79%		0.79%	0.79%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Capital Construction, LLC, Due 10/22/2026, One
Schedule of Investments
Investment, Issuer Affiliation			Non- affiliated investments
Investment, Issuer Name			Capital Construction, LLC
Investment, Type			us-gaap:SeniorNotesMember
Investment, Industry Sector			Construction & Engineering
Investment, Issuer Geographic Region			UNITED STATES
Investment, Variable Interest Rate, Type			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate			6.60%
Interest Rate			10.96%
Maturity Date			Oct. 22, 2026
Par Amount/ Units			$ 931
Cost			911
Fair Value			$ 911
% of Net Assets			7.76%
Unobservable input			true
Investment, Identifier [Axis]: Certified Power, Inc Due 4/28/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:CertifiedPowerIncMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Trading Companies & Distributors		Trading Companies & Distributors	Trading Companies & Distributors
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.10%		7.10%	7.10%
Interest Rate		12.35%		12.35%	12.35%
Maturity Date		Apr. 28, 2028		Apr. 28, 2028	Apr. 28, 2028
Par Amount/ Units		$ 4,545
Cost		4,421
Fair Value		$ 4,441
% of Net Assets		3.85%		3.85%	3.85%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Close The Loop Group USA, Inc, Due 10/26/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Close The Loop Group USA, Inc.
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Containers & Packaging		Containers & Packaging	Containers & Packaging
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.90%		6.90%	6.90%
Interest Rate		12.29%		12.29%	12.29%
Maturity Date		Oct. 26, 2029		Oct. 26, 2029	Oct. 26, 2029
Par Amount/ Units		$ 2,832
Cost		2,772
Fair Value		$ 2,786
% of Net Assets		2.41%		2.41%	2.41%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Close The Loop Group USA, Inc. (Delayed Draw), Due 10/26/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Close The Loop Group USA, Inc.
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Containers & Packaging		Containers & Packaging	Containers & Packaging
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.90%		6.90%	6.90%
Interest Rate		12.29%		12.29%	12.29%
Maturity Date		Oct. 26, 2029		Oct. 26, 2029	Oct. 26, 2029
Par Amount/ Units		$ 358
Cost		(8)
Fair Value		$ (6)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Close The Loop Group USA, Inc. (Revolver), Due 12/26/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Close The Loop Group USA, Inc.
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Containers & Packaging		Containers & Packaging	Containers & Packaging
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.90%		6.90%	6.90%
Interest Rate		12.29%		12.29%	12.29%
Maturity Date		Dec. 26, 2029		Dec. 26, 2029	Dec. 26, 2029
Par Amount/ Units		$ 589
Cost		(12)
Fair Value		$ (10)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Delaware Valley Floral Group LLC (Revolver), Due 8/24/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Delaware Valley Floral Group LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Distributors		Distributors	Distributors
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.23%		6.23%	6.23%
Interest Rate		11.61%		11.61%	11.61%
Maturity Date		Aug. 24, 2028		Aug. 24, 2028	Aug. 24, 2028
Par Amount/ Units		$ 327
Cost		(7)
Fair Value		$ (7)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Delaware Valley Floral Group LLC, Due 8/24/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Delaware Valley Floral Group LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Distributors		Distributors	Distributors
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.23%		6.23%	6.23%
Interest Rate		11.61%		11.61%	11.61%
Maturity Date		Aug. 24, 2028		Aug. 24, 2028	Aug. 24, 2028
Par Amount/ Units		$ 701
Cost		685
Fair Value		$ 685
% of Net Assets		0.60%		0.60%	0.60%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Entertainment Earth, LLC, Due 7/22/2027
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:EntertainmentEarthLlcMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Trading Companies & Distributors		Trading Companies & Distributors	Trading Companies & Distributors
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.65%		6.65%	6.65%
Interest Rate		12.04%		12.04%	12.04%
Maturity Date		Jul. 22, 2027		Jul. 22, 2027	Jul. 22, 2027
Par Amount/ Units		$ 2,943
Cost		2,896
Fair Value		$ 2,897
% of Net Assets		2.51%		2.51%	2.51%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Eureka Entertainment, LLC (Revolver), Due 12/20/2027
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments	Non- affiliated investments	Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Eureka Entertainment, LLC	Eureka Entertainment, LLC
Investment, Type		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Business Services	Business Services	Business Services	Business Services
Investment, Issuer Geographic Region		UNITED STATES	UNITED STATES	UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.85%	6.90%	6.85%	6.85%
Interest Rate		12.18%	11.49%	12.18%	12.18%
Maturity Date		Dec. 20, 2027	Dec. 20, 2027	Dec. 20, 2027	Dec. 20, 2027
Par Amount/ Units		$ 319	$ 319
Cost		26	(7)
Fair Value		$ 27	$ (7)
% of Net Assets		0.02%	(0.06%)	0.02%	0.02%
Unobservable input		true	true	true	true
Investment, Identifier [Axis]: Eureka Entertainment, LLC, Due 12/20/2027
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments	Non- affiliated investments	Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Eureka Entertainment, LLC	Eureka Entertainment, LLC
Investment, Type		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Business Services	Business Services	Business Services	Business Services
Investment, Issuer Geographic Region		UNITED STATES	UNITED STATES	UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.90%	6.90%	6.90%	6.90%
Interest Rate		12.29%	11.49%	12.29%	12.29%
Maturity Date		Dec. 20, 2027	Dec. 20, 2027	Dec. 20, 2027	Dec. 20, 2027
Par Amount/ Units		$ 2,133	$ 2,149
Cost		2,092	2,101
Fair Value		$ 2,100	$ 2,101
% of Net Assets		1.82%	17.89%	1.82%	1.82%
Unobservable input		true	true	true	true
Investment, Identifier [Axis]: Full Circle Fiber Operating LLC, Due 12/16/2027
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments	Non- affiliated investments	Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:FullCircleFiberOperatingLlcMember	pgim:FullCircleFiberOperatingLlcMember
Investment, Type		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Construction & Engineering	Construction & Engineering	Construction & Engineering	Construction & Engineering
Investment, Issuer Geographic Region		UNITED STATES	UNITED STATES	UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.10%	7.15%	7.10%	7.10%
Interest Rate		12.42%	11.74%	12.42%	12.42%
Maturity Date		Dec. 16, 2027	Dec. 16, 2027	Dec. 16, 2027	Dec. 16, 2027
Par Amount/ Units		$ 5,479	$ 5,583
Cost		5,363	5,445
Fair Value		$ 5,383	$ 5,445
% of Net Assets		4.67%	46.36%	4.67%	4.67%
Unobservable input		true	true	true	true
Investment, Identifier [Axis]: HH Global Finance LTD, Due 2/25/2027
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:HhGlobalFinanceLtdMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Professional Services		Professional Services	Professional Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		pgim:LondonInterbankOfferedRateMember		pgim:LondonInterbankOfferedRateMember	pgim:LondonInterbankOfferedRateMember
Spread Rate		5.93%		5.93%	5.93%
Interest Rate		11.51%		11.51%	11.51%
Maturity Date		Feb. 25, 2027		Feb. 25, 2027	Feb. 25, 2027
Par Amount/ Units		$ 3,000
Cost		2,956
Fair Value		$ 2,966
% of Net Assets		2.57%		2.57%	2.57%
Unobservable input		true		true	true
Investment, Identifier [Axis]: International Designs Group LLC, Due 7/15/2026
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:InternationalDesignsGroupLlcMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Building Products		Building Products	Building Products
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.76%		7.76%	7.76%
Interest Rate		13.15%		13.15%	13.15%
Maturity Date		Jul. 15, 2026		Jul. 15, 2026	Jul. 15, 2026
Par Amount/ Units		$ 4,505
Cost		4,407
Fair Value		$ 4,406
% of Net Assets		3.82%		3.82%	3.82%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Johns-Byrne LLC (Delayed Draw), Due 8/31/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Johns-Byrne LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Containers & Packaging		Containers & Packaging	Containers & Packaging
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.25%		6.25%	6.25%
Interest Rate		11.67%		11.67%	11.67%
Maturity Date		Aug. 31, 2029		Aug. 31, 2029	Aug. 31, 2029
Par Amount/ Units		$ 267
Cost		(7)
Fair Value		$ (7)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Johns-Byrne LLC (Revolver), Due 8/31/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Johns-Byrne LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Containers & Packaging		Containers & Packaging	Containers & Packaging
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.25%		6.25%	6.25%
Interest Rate		11.67%		11.67%	11.67%
Maturity Date		Aug. 31, 2029		Aug. 31, 2029	Aug. 31, 2029
Par Amount/ Units		$ 134
Cost		44
Fair Value		$ 44
% of Net Assets		0.04%		0.04%	0.04%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Johns-Byrne LLC, Due 8/31/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Johns-Byrne LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Containers & Packaging		Containers & Packaging	Containers & Packaging
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.25%		6.25%	6.25%
Interest Rate		11.67%		11.67%	11.67%
Maturity Date		Aug. 31, 2029		Aug. 31, 2029	Aug. 31, 2029
Par Amount/ Units		$ 1,001
Cost		977
Fair Value		$ 977
% of Net Assets		0.85%		0.85%	0.85%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Knowledge Support Systems Inc, Due 11/17/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:KnowledgeSupportSystemsIncMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Software		Software	Software
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.50%		6.50%	6.50%
Interest Rate		11.55%		11.55%	11.55%
Maturity Date		Nov. 17, 2029		Nov. 17, 2029	Nov. 17, 2029
Par Amount/ Units		$ 1,663
Cost		1,625
Fair Value		$ 1,626
% of Net Assets		1.41%		1.41%	1.41%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Legend Buyer, Inc. (Revolver), Due 1/19/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Legend Buyer, Inc.
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Environmental & Facilities Services		Environmental & Facilities Services	Environmental & Facilities Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.10%		6.10%	6.10%
Interest Rate		11.44%		11.44%	11.44%
Maturity Date		Jan. 19, 2029		Jan. 19, 2029	Jan. 19, 2029
Par Amount/ Units		$ 214
Cost		(5)
Fair Value		$ (4)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Legend Buyer, Inc., Due 1/19/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Legend Buyer, Inc.
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Environmental & Facilities Services		Environmental & Facilities Services	Environmental & Facilities Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.10%		6.10%	6.10%
Interest Rate		11.44%		11.44%	11.44%
Maturity Date		Jan. 19, 2029		Jan. 19, 2029	Jan. 19, 2029
Par Amount/ Units		$ 1,126
Cost		1,101
Fair Value		$ 1,106
% of Net Assets		0.96%		0.96%	0.96%
Unobservable input		true		true	true
Investment, Identifier [Axis]: MajorKey Technologies Holdings LLC, Due 12/3/2026
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:MajorkeyTechnologiesHoldingsLlcMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		IT Consulting & Other Services		IT Consulting & Other Services	IT Consulting & Other Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.26%		6.26%	6.26%
Interest Rate		11.66%		11.66%	11.66%
Maturity Date		Dec. 03, 2026		Dec. 03, 2026	Dec. 03, 2026
Par Amount/ Units		$ 2,865
Cost		2,835
Fair Value		$ 2,835
% of Net Assets		2.46%		2.46%	2.46%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Medical Device Inc, Due 7/10/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Medical Device Inc.
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Health Care Equipment		Health Care Equipment	Health Care Equipment
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.60%		6.60%	6.60%
Interest Rate		11.99%		11.99%	11.99%
Maturity Date		Jul. 10, 2029		Jul. 10, 2029	Jul. 10, 2029
Par Amount/ Units		$ 1,616
Cost		1,577
Fair Value		$ 1,577
% of Net Assets		1.37%		1.37%	1.37%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Medical Device Inc. (Revolver), Due 7/10/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Medical Device Inc.
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Health Care Equipment		Health Care Equipment	Health Care Equipment
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.60%		6.60%	6.60%
Interest Rate		11.99%		11.99%	11.99%
Maturity Date		Jul. 10, 2029		Jul. 10, 2029	Jul. 10, 2029
Par Amount/ Units		$ 202
Cost		(5)
Fair Value		$ (5)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Prestige Employee Administrators, LLC, Due 12/31/2025
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:PrestigeEmployeeAdministratorsLlcMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Professional Services		Professional Services	Professional Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.15%		6.15%	6.15%
Interest Rate		11.54%		11.54%	11.54%
Maturity Date		Dec. 31, 2025		Dec. 31, 2025	Dec. 31, 2025
Par Amount/ Units		$ 3,102
Cost		3,069
Fair Value		$ 3,085
% of Net Assets		2.67%		2.67%	2.67%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Pryor Learning, LLC (Revolver), Due 2/28/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Pryor Learning, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Human Resource & Employment Services		Human Resource & Employment Services	Human Resource & Employment Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.85%		6.85%	6.85%
Interest Rate		12.17%		12.17%	12.17%
Maturity Date		Feb. 28, 2028		Feb. 28, 2028	Feb. 28, 2028
Par Amount/ Units		$ 203
Cost		(4)
Fair Value		$ (3)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Pryor Learning, LLC, Due 2/28/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Pryor Learning, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Human Resource & Employment Services		Human Resource & Employment Services	Human Resource & Employment Services
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.85%		6.85%	6.85%
Interest Rate		12.17%		12.17%	12.17%
Maturity Date		Feb. 28, 2028		Feb. 28, 2028	Feb. 28, 2028
Par Amount/ Units		$ 1,891
Cost		1,853
Fair Value		$ 1,860
% of Net Assets		1.61%		1.61%	1.61%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Quest Products, LLC, Due 6/19/2025
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:QuestProductsLlcMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Pharmaceuticals		Pharmaceuticals	Pharmaceuticals
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		us-gaap:PrimeRateMember		us-gaap:PrimeRateMember	us-gaap:PrimeRateMember
Spread Rate		7.15%		7.15%	7.15%
Spread Rate		7.15%		7.15%	7.15%
Interest rate, minimum		12.43%		12.43%	12.43%
Interest rate, maximum		12.56%		12.56%	12.56%
Maturity Date		Jun. 19, 2025		Jun. 19, 2025	Jun. 19, 2025
Par Amount/ Units		$ 1,548
Cost		1,535
Fair Value		$ 1,535
% of Net Assets		1.33%		1.33%	1.33%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Rochester Sensors, LLC (Revolver), Due 5/8/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:RochesterSensorsLlcRevolverMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Electronic Equipment, Instruments & Components		Electronic Equipment, Instruments & Components	Electronic Equipment, Instruments & Components
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.65%		6.65%	6.65%
Interest Rate		12.05%		12.05%	12.05%
Maturity Date		May 08, 2028		May 08, 2028	May 08, 2028
Par Amount/ Units		$ 545
Cost		97
Fair Value		$ 99
% of Net Assets		0.08%		0.08%	0.08%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Rochester Sensors, LLC, Due 5/8/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:RochesterSensorsLlcRevolverMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Electronic Equipment, Instruments & Components		Electronic Equipment, Instruments & Components	Electronic Equipment, Instruments & Components
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.65%		6.65%	6.65%
Interest Rate		12.04%		12.04%	12.04%
Maturity Date		May 08, 2028		May 08, 2028	May 08, 2028
Par Amount/ Units		$ 6,710
Cost		6,556
Fair Value		$ 6,587
% of Net Assets		5.71%		5.71%	5.71%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Safety Infrastructure Services Intermediate LLC (Revolver), Due 7/21/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Safety Infrastructure Services Intermediate LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Construction & Engineering		Construction & Engineering	Construction & Engineering
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.15%		7.15%	7.15%
Interest Rate		12.54%		12.54%	12.54%
Maturity Date		Jul. 21, 2028		Jul. 21, 2028	Jul. 21, 2028
Par Amount/ Units		$ 455
Cost		81
Fair Value		$ 81
% of Net Assets		0.07%		0.07%	0.07%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Safety Infrastructure Services Intermediate LLC, Due 7/21/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Safety Infrastructure Services Intermediate LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Construction & Engineering		Construction & Engineering	Construction & Engineering
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.15%		7.15%	7.15%
Interest Rate		12.54%		12.54%	12.54%
Maturity Date		Jul. 21, 2028		Jul. 21, 2028	Jul. 21, 2028
Par Amount/ Units		$ 2,182
Cost		2,135
Fair Value		$ 2,135
% of Net Assets		1.85%		1.85%	1.85%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Sail Energy, LLC (Delayed Draw), Due 1/24/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Sail Energy, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Gas Utilities		Gas Utilities	Gas Utilities
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.61%		6.61%	6.61%
Interest Rate		12.09%		12.09%	12.09%
Maturity Date		Jan. 24, 2028		Jan. 24, 2028	Jan. 24, 2028
Par Amount/ Units		$ 785
Cost		671
Fair Value		$ 674
% of Net Assets		0.58%		0.58%	0.58%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Sail Energy, LLC (Revolver), Due 1/24/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Sail Energy, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Gas Utilities		Gas Utilities	Gas Utilities
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.61%		6.61%	6.61%
Interest Rate		12.09%		12.09%	12.09%
Maturity Date		Jan. 24, 2028		Jan. 24, 2028	Jan. 24, 2028
Par Amount/ Units		$ 381
Cost		(7)
Fair Value		$ (5)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Sail Energy, LLC, Due 1/24/2028
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Sail Energy, LLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Gas Utilities		Gas Utilities	Gas Utilities
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.61%		6.61%	6.61%
Interest Rate		12.09%		12.09%	12.09%
Maturity Date		Jan. 24, 2028		Jan. 24, 2028	Jan. 24, 2028
Par Amount/ Units		$ 1,169
Cost		1,149
Fair Value		$ 1,153
% of Net Assets		1%		1%	1%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Suja Merger Sub, LLC, Due 8/23/2027
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:SujaMergerSubLlcMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Beverages		Beverages	Beverages
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		5.60%		5.60%	5.60%
Interest Rate		10.92%		10.92%	10.92%
Maturity Date		Aug. 23, 2027		Aug. 23, 2027	Aug. 23, 2027
Par Amount/ Units		$ 2,978
Cost		2,946
Fair Value		$ 2,960
% of Net Assets		2.56%		2.56%	2.56%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Together Group Holdings PLC (Delayed Draw) Due 4/6/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Together Group Holdings PLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Media		Media	Media
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.65%		7.65%	7.65%
Interest Rate		13.05%		13.05%	13.05%
Maturity Date		Apr. 06, 2029		Apr. 06, 2029	Apr. 06, 2029
Par Amount/ Units		$ 273
Cost		(8)
Fair Value		$ (6)
% of Net Assets		(0.01%)		(0.01%)	(0.01%)
Unobservable input		true		true	true
Investment, Identifier [Axis]: Together Group Holdings PLC Due 4/6/2029
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		Together Group Holdings PLC
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Media		Media	Media
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		7.65%		7.65%	7.65%
Interest Rate		13.05%		13.05%	13.05%
Maturity Date		Apr. 06, 2029		Apr. 06, 2029	Apr. 06, 2029
Par Amount/ Units		$ 5,000
Cost		4,862
Fair Value		$ 4,885
% of Net Assets		4.23%		4.23%	4.23%
Unobservable input		true		true	true
Investment, Identifier [Axis]: Toledo AcquisitionCo Inc., Due 8/21/2027
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:ToledoAcquisitioncoInc.Member
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		Containers & Packaging		Containers & Packaging	Containers & Packaging
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Spread Rate		6.15%		6.15%	6.15%
Interest Rate		11.51%		11.51%	11.51%
Maturity Date		Aug. 21, 2027		Aug. 21, 2027	Aug. 21, 2027
Par Amount/ Units		$ 2,985
Cost		2,938
Fair Value		$ 2,938
% of Net Assets		2.55%		2.55%	2.55%
Unobservable input		true		true	true
Investment, Identifier [Axis]: ZircoData Holdings Pty Ltd, Due 5/3/2026
Schedule of Investments
Investment, Issuer Affiliation		Non- affiliated investments		Non- affiliated investments	Non- affiliated investments
Investment, Issuer Name		pgim:ZircodataHoldingsPtyLtdMember
Investment, Type		us-gaap:SeniorNotesMember		us-gaap:SeniorNotesMember	us-gaap:SeniorNotesMember
Investment, Industry Sector		us-gaap-supplement:ConsumerSectorMember		us-gaap-supplement:ConsumerSectorMember	us-gaap-supplement:ConsumerSectorMember
Investment, Issuer Geographic Region		UNITED STATES		UNITED STATES	UNITED STATES
Investment, Variable Interest Rate, Type		Base Rate [Member]		Base Rate [Member]	Base Rate [Member]
Spread Rate		7.25%		7.25%	7.25%
Interest Rate		11.44%		11.44%	11.44%
Maturity Date		May 03, 2026		May 03, 2026	May 03, 2026
Par Amount/ Units					$ 1,824
Cost		$ 1,210
Fair Value		$ 1,165
% of Net Assets		1.01%		1.01%	1.01%
Unobservable input		true		true	true
Non- affiliated investments
Schedule of Investments
Cost		$ 83,778	$ 8,486
Fair Value		$ 83,944	$ 8,486
% of Net Assets		72.72%	72.26%	72.72%	72.72%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Beverages
Schedule of Investments
Cost		$ 2,946
Fair Value		$ 2,960
% of Net Assets		2.56%		2.56%	2.56%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Building Products
Schedule of Investments
Cost		$ 4,407
Fair Value		$ 4,406
% of Net Assets		3.82%		3.82%	3.82%
Non- affiliated investments | First Lien Debt | Business Services
Schedule of Investments
Cost		$ 2,118	$ 2,094
Fair Value		$ 2,127	$ 2,094
% of Net Assets		1.84%	17.83%	1.84%	1.84%
Unobservable input		true	true	true	true
Non- affiliated investments | First Lien Debt | Chemicals
Schedule of Investments
Cost		$ 7,199
Fair Value		$ 7,208
% of Net Assets		6.24%		6.24%	6.24%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Commercial Services & Supplies
Schedule of Investments
Cost		$ 1,210
Fair Value		$ 1,165
% of Net Assets		1.01%		1.01%	1.01%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Construction & Engineering
Schedule of Investments
Cost		$ 13,157	$ 6,392
Fair Value		$ 13,156	$ 6,392
% of Net Assets		11.40%	54.43%	11.40%	11.40%
Unobservable input		true	true	true	true
Non- affiliated investments | First Lien Debt | Containers & Packaging
Schedule of Investments
Cost		$ 6,704
Fair Value		$ 6,722
% of Net Assets		5.82%		5.82%	5.82%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Distributors
Schedule of Investments
Cost		$ 678
Fair Value		$ 678
% of Net Assets		0.59%		0.59%	0.59%
Non- affiliated investments | First Lien Debt | Electronic Equipment, Instruments & Components
Schedule of Investments
Cost		$ 6,653
Fair Value		$ 6,686
% of Net Assets		5.79%		5.79%	5.79%
Non- affiliated investments | First Lien Debt | Environmental & Facilities Services
Schedule of Investments
Cost		$ 1,096
Fair Value		$ 1,102
% of Net Assets		0.95%		0.95%	0.95%
Non- affiliated investments | First Lien Debt | Gas Utilities
Schedule of Investments
Cost		$ 1,813
Fair Value		$ 1,822
% of Net Assets		1.58%		1.58%	1.58%
Non- affiliated investments | First Lien Debt | Health Care Equipment
Schedule of Investments
Cost		$ 1,572
Fair Value		$ 1,572
% of Net Assets		1.36%		1.36%	1.36%
Non- affiliated investments | First Lien Debt | Health Care Providers & Services
Schedule of Investments
Cost		$ 4,893
Fair Value		$ 4,927
% of Net Assets		4.27%		4.27%	4.27%
Non- affiliated investments | First Lien Debt | Human Resource & Employment Services
Schedule of Investments
Cost		$ 1,849
Fair Value		$ 1,857
% of Net Assets		1.61%		1.61%	1.61%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | IT Consulting & Other Services
Schedule of Investments
Cost		$ 2,835
Fair Value		$ 2,835
% of Net Assets		2.46%		2.46%	2.46%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Media
Schedule of Investments
Cost		$ 8,146
Fair Value		$ 8,171
% of Net Assets		7.08%		7.08%	7.08%
Non- affiliated investments | First Lien Debt | Pharmaceuticals
Schedule of Investments
Par Amount/ Units		$ 1,548
Cost		1,535
Fair Value		$ 1,535
% of Net Assets		1.33%		1.33%	1.33%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Professional Services
Schedule of Investments
Cost		$ 6,025
Fair Value		$ 6,051
% of Net Assets		5.24%		5.24%	5.24%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Software
Schedule of Investments
Cost		$ 1,625
Fair Value		$ 1,626
% of Net Assets		1.41%		1.41%	1.41%
Unobservable input		true		true	true
Non- affiliated investments | First Lien Debt | Trading Companies & Distributors
Schedule of Investments
Cost		$ 7,317
Fair Value		$ 7,338
% of Net Assets		6.36%		6.36%	6.36%
[1] Includes fair value of unfunded loan commitments which are disclosed in footnote seven within the Schedule of Investments.

Schedule of Investments (Parent

Schedule of Investments (Parenthetical) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Schedule of Investments
Unfunded	$ 7,390	$ 1,745
Unfunded Commitment Fair Value	$ (147)	$ (26)
Interest-bearing money market fund yield	5.20%	3.90%
Non-qualifying assets as percentage of Fund's total assets	1%
ADB Acquiror, Inc | Revolving Credit Facility
Schedule of Investments
Unfunded	$ 455
Unfunded Commitment Fair Value	(9)
ADB Acquiror, Inc | Delayed Draw Term Loan
Schedule of Investments
Unfunded	1,727
Unfunded Commitment Fair Value	(36)
AOM Intermediate Holdco, LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	258
Unfunded Commitment Fair Value	(6)
AOM Intermediate Holdco, LLC | Delayed Draw Term Loan
Schedule of Investments
Unfunded	773
Unfunded Commitment Fair Value	(19)
Capital Construction, LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	89	$ 167
Unfunded Commitment Fair Value	(1)	(5)
Capital Construction, LLC | Delayed Draw Term Loan
Schedule of Investments
Unfunded		1,259
Unfunded Commitment Fair Value		(14)
Close The Loop Group USA, Inc. | Revolving Credit Facility
Schedule of Investments
Unfunded	589
Unfunded Commitment Fair Value	(10)
Close The Loop Group USA, Inc. | Delayed Draw Term Loan
Schedule of Investments
Unfunded	358
Unfunded Commitment Fair Value	(6)
Delaware Valley Floral Group LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	327
Unfunded Commitment Fair Value	(7)
Eureka Entertainment, LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	287	319
Unfunded Commitment Fair Value	(4)	$ (7)
Johns-Byrne LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	87
Unfunded Commitment Fair Value	(2)
Johns-Byrne LLC | Delayed Draw Term Loan
Schedule of Investments
Unfunded	267
Unfunded Commitment Fair Value	(7)
Legend Buyer, Inc. | Revolving Credit Facility
Schedule of Investments
Unfunded	214
Unfunded Commitment Fair Value	(4)
Medical Device Inc. | Revolving Credit Facility
Schedule of Investments
Unfunded	202
Unfunded Commitment Fair Value	(5)
Pryor Learning, LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	203
Unfunded Commitment Fair Value	(3)
Rochester Sensors, LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	436
Unfunded Commitment Fair Value	(8)
Safety Infrastructure Services Intermediate LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	363
Unfunded Commitment Fair Value	(8)
Sail Energy, LLC | Revolving Credit Facility
Schedule of Investments
Unfunded	381
Unfunded Commitment Fair Value	(5)
Sail Energy, LLC | Delayed Draw Term Loan
Schedule of Investments
Unfunded	101
Unfunded Commitment Fair Value	(1)
Together Group Holdings PLC | Delayed Draw Term Loan
Schedule of Investments
Unfunded	273
Unfunded Commitment Fair Value	$ (6)

Schedule of Investments - Forwa

Schedule of Investments - Forward Foreign Currency Exchange Contracts $ in Thousands, $ in Thousands		3 Months Ended	9 Months Ended
		Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 AUD ($)
Forward Foreign Currency Exchange Contracts
Unrealized Appreciation (Depreciation)		$ 15	$ 24
Open Forward Foreign Currency Contract, Identifier [Axis]: Macquarie Bank Limited, Currency Purchased, Settlement on 10/10/2023
Forward Foreign Currency Exchange Contracts
Currency Purchased		908	$ 908
Currency Sold				$ 828
Settlement Date			Oct. 10, 2023
Unrealized Appreciation (Depreciation)	[1]		$ 31
Open Forward Foreign Currency Contract, Identifier [Axis]: Macquarie Bank Limited, Currency Purchased, Settlement on 22/11/2023
Forward Foreign Currency Exchange Contracts
Currency Purchased		$ 1,179	$ 1,179
Currency Sold				$ 1,835
Settlement Date			Nov. 22, 2023
Unrealized Appreciation (Depreciation)			$ (7)
[1]Less than $500

Organization

Organization	9 Months Ended
	Sep. 30, 2023
Organization
Organization	Note 1. Organization The Fund is a Delaware statutory trust formed on March 21, 2022. The Fund currently invests and intends to continue investing primarily in privately placed floating rate leveraged (below investment grade) debt, including, but not limited to, senior secured, first lien, debt issuances in middle market companies primarily in the United States as well as up to 30% of its total assets in investments in other countries (primarily Canada, Europe, Australia and Latin America). The Fund currently is majority-owned by PGIM Strategic Investments, Inc. The Fund elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (the “1940 Act”) effective May 5, 2023. On May 8, 2023, the Fund elected to be treated for federal income tax purposes, and intends to qualify annually thereafter, as a RIC as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Fund’s investment objective is to seek to generate current income and, to a lesser extent, long-term capital appreciation. Under normal circumstances, the Fund intends to invest at least 80% of its total assets (net assets plus borrowings for investment purposes) in private credit investments. The Fund considers private credit investments to include loans, bonds and other credit instruments that are issued in private offerings or issued by private companies. Under normal circumstances, it is expected that the Fund will primarily be invested in privately originated and privately negotiated direct lending investments to U.S. middle market companies through (i) first lien senior secured loans (including club deals by a small group of investment firms), and (ii) with not more than 20% of total invested capital in senior secured second and third lien loans, and unsecured loans. The Fund commenced its operation on December 13, 2022, and as a result similar-period comparative statements have not been presented.

Accounting Policies

Accounting Policies	9 Months Ended
	Sep. 30, 2023
Accounting Policies
Accounting Policies	Note 2. Accounting Policies Basis of Presentation The accompanying financial statements are prepared in accordance with U.S. GAAP. This requires the Fund to make certain estimates and assumptions that may affect the amounts reported on the financial statements and accompanying notes. These financial statements reflect normal and recurring adjustments that in the opinion of the Fund are necessary for the fair statement of the results for the periods presented. Actual results could differ from those estimates and assumptions included on the financial statements. The Fund follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 Financial Services – Investment Companies Cash and Cash Equivalents Cash represents cash deposits held at financial institutions, which at times may exceed U.S. federally insured limits. The Fund’s deposits are held at financial institutions with high credit-quality to minimize credit risk exposure. Cash equivalents consist of other highly liquid investments, such as money market funds. Cash and cash equivalents are carried at cost, which approximates fair value. The Fund may invest in cash, cash equivalents, U.S. government securities or high-quality debt securities maturing in one year or less from the time of investment. Investments The Fund values its investments in accordance with FASB ASC 820, Fair Value Measurements (“ASC 820”), which defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the applicable measurement date. ASC 820 prioritizes the use of observable market prices derived from such prices over entity-specific inputs. The Fund is required to report its investments for which current market values are not readily available at fair value. Due to the inherent uncertainties of valuation, certain estimated fair values may differ significantly from the values that would have been realized had a readily available market for these investments existed, and these differences could be material. See “Note 5. Fair Value Measurements.” The Fund’s Board has adopted valuation procedures for security valuation under which fair valuation responsibilities have been delegated to the Valuation Designee. Pursuant to the Board’s delegation, the Valuation Designee has established a valuation committee responsible for supervising the fair valuation of portfolio securities and other assets and liabilities. The valuation procedures permit the Fund to utilize independent valuation advisor services. The Valuation Designee will use reliable market quotations to value the Fund’s investments when such market quotations are readily available. Debt and equity securities that are not publicly traded or whose market price is not readily available or whose market quotations are not deemed to represent fair value are valued at fair value as determined in good faith by or under the direction of the Valuation Designee. Market quotations may be deemed not to represent fair value in certain circumstances where the Valuation Designee reasonably believes that facts and circumstances applicable to an issuer, a seller or purchaser or the market for a particular security causes current market quotes not to reflect the fair value of the security. If and when market quotations are deemed not to represent fair value, the Fund typically utilizes independent third party valuation firms to assist in determining fair value. Accordingly, such investments go through a multi-step valuation process as described below. The Valuation Designee intends to engage one or more independent valuation firms based on a review of each firm’s expertise and relevant experience in valuing certain securities. In each case, independent valuation firms consider observable market inputs together with significant unobservable inputs in arriving at their valuation recommendations for such Level 3 categorized assets. With respect to investments for which market quotations are not readily available or when such market quotations are deemed not to represent fair value, the Valuation Designee, subject to oversight by the Fund’s Board, has approved a multi-step valuation process each month, as described below: · Valuation process begins with each portfolio company or investment being initially valued at cost. For Level 3 investments, the cost (purchase price adjusted for accreted original issue discount/amortized premium) or any recent comparable trade activity on the security investment shall be considered to reasonably approximate the fair value of the investment, provided that no material change has since occurred in the issuer’s business, significant inputs or the relevant environment. · Valuation Designee discusses valuations and determines in good faith the fair value of each investment in the portfolio based in part on information from an independent valuation firm that is provided on a monthly basis in conjunction with the determination of the Net Asset Value (“NAV”) per share each month. · Valuation conclusions are discussed with and documented by the Valuation Designee, including whether a significant observable change has occurred since the most recent month-end with respect to an investment that requires an adjustment from the most recent monthly valuation. · The Board reviews valuations approved by the Valuation Designee at least quarterly. As part of the Fund’s valuation process, the Valuation Designee will take into account relevant factors in determining the fair value of the Fund’s investments without market quotations, many of which are loans, including and in combination, as relevant: (i) the estimated enterprise value of a portfolio company, (ii) the nature and realizable value of any collateral, (iii) the portfolio company’s ability to make payments based on its earnings and cash flow, (iv) the markets in which the portfolio company does business, (v) a comparison of the portfolio company’s securities to any similar publicly traded securities, and (vi) overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. The determinations of fair value may differ materially from the values that would have been used if a readily available market for these non-traded securities existed. Due to this uncertainty, fair value determinations may cause NAV on a given date to materially differ from the value that may ultimately realize upon the sale of one or more of the investments. The Board reviews the valuations of portfolio investments quarterly and, no less frequently than annually, the adequacy of policies and procedures regarding valuations and the effectiveness of their implementation. Foreign Currency Translation The books and records of the Fund are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on the following basis: (i) market value of investment securities, other assets and liabilities—at the exchange rate as of the valuation date; (ii) purchases and sales of investment securities, income and expenses—at the rates of exchange prevailing on the respective dates of such transactions. Although the net assets of the Fund are presented at the foreign exchange rates and market values at the close of the period, the Fund does not generally isolate that portion of the results of operations arising as a result of changes in the foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities held at the end of the period. Similarly, the Fund does not isolate the effect of changes in foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities sold during the period. Accordingly, holding period unrealized and realized foreign currency gains (losses) are included in the reported net change in unrealized appreciation (depreciation) on investments and net realized gains (losses) on investment transactions on the Statements of Operations. Notwithstanding the above, the Fund does isolate the effect of fluctuations in foreign currency exchange rates when determining the gain (loss) upon the sale or maturity of foreign currency denominated debt obligations; such amounts are included in net realized gains (losses) on foreign currency transactions. Additionally, net realized gains (losses) on foreign currency transactions represent net foreign exchange gains (losses) from the disposition of holdings of foreign currencies, currency gains (losses) realized between the trade and settlement dates on investment transactions, and the difference between the amounts of interest, dividends and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent amounts actually received or paid. Net unrealized currency gains (losses) arise from valuing foreign currency denominated assets and liabilities (other than investments) at period end exchange rates. Foreign Currency Transactions Based on market conditions, the Fund enters into foreign currency forward contracts (“forward contracts”) as a hedge against fluctuations in future foreign currency exchange rates. The Fund may engage in foreign currency exchange transactions in connection with its investments in foreign instruments. The Fund is not required to hedge its currency exposure, if any, and may choose not to do so. The Fund generally will conduct its foreign currency exchange transactions either on a spot (i.e., cash) basis at the spot rate prevailing in the foreign currency exchange market or through forward contracts to purchase or sell foreign currencies, including the payment of dividends and the settlement of transactions that otherwise might require untimely dispositions of Fund investments. The contracts are valued daily at current forward exchange rates and any unrealized gain (loss) is included in net unrealized appreciation or depreciation on forward contracts. Gain (loss) is realized on the settlement date of the contract equal to the difference between the settlement value of the original and negotiated forward contracts. This gain (loss), if any, is included in net realized gain (loss) on forward contract transactions. Risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts. Forward currency contracts involve risks from currency exchange rate and credit risk in excess of the amounts reflected on the Statements of Assets and Liabilities. The Fund’s maximum risk of loss from counterparty credit risk is the net value of the cash flows to be received from the counterparty at the end of the contract’s life. Master Netting Arrangements The Fund is subject to various Master Agreements, or netting arrangements, with select counterparties. These are agreements which PGIM Inc. (“PGIM” or the “Subadviser”) may have negotiated and entered into on behalf of the Fund. A master netting arrangement between the Fund and the counter party permits the Fund to offset amounts payable by the Fund to the same counterparty against amounts to be received; and by the receipt of collateral from the counterparty by the Fund to cover the Fund’s exposure to the counterparty. However, there is no assurance that such mitigating factors are easily enforceable. In addition to master netting arrangements, the right to set-off exists when all the conditions are met such that each of the parties owes the other determinable amounts, the reporting party has the right to set-off the amount owed with the amount owed by the other party, the reporting party intends to set-off and the right of set-off is enforceable by law. The Fund is a party to International Swaps and Derivatives Association, Inc. (“ISDA”) Master Agreements with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the Fund is held in a segregated account by the Fund’s custodian and with respect to those amounts which can be sold or re-pledged, is presented in the Schedule of Investments. Collateral pledged by the Fund is segregated by the Fund’s custodian and identified in the Schedule of Investments. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the Fund and the applicable counterparty. Collateral requirements are determined based on the Fund’s net position with each counterparty. Termination events applicable to the Fund may occur upon a decline in the Fund’s net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty’s long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the Fund’s counterparties to elect early termination could impact the Fund’s future derivative activity. Revenue Recognition The Fund records its investment transactions on a trade date basis, which is the date when the Fund assumes the risks for gains and losses related to that investment. Realized gains and losses are based on the specific identification method. Expenses are recorded on an accrual basis, which may require the use of certain estimates by management that may differ from actual. 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 using the effective interest method. The amortized cost of debt investments represents the original cost, including original issue discount and upfront structuring fees (i.e. origination fees) received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. 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 nine months ended September 30, 2023, the Fund recorded $2,635 and $5,309, respectively, in interest income. Dividend Income Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. For the three and nine months ended September 30, 2023, the Fund recorded $439 and $967, respectively, in dividend income. Fee Income The Fund may receive various fees in the ordinary course of business such as for consents, waivers and amendments, as well as fees for managerial assistance rendered by the Fund to the portfolio companies. Such fees are recognized as income when earned or the services are rendered. For both the three and nine months ended September 30, 2023, the Fund recorded $50 thousand in fee income. Non-Accrual Income Loans are generally placed on non-accrual status when there is reasonable doubt that 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 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 the Subadviser’s judgment, are likely to remain current. The Subadviser 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. Organizational and Offering Costs The Manager has agreed to pay the Fund’s organizational and offering expenses relating to the initial sale of common shares in this offering. The Fund is not obligated to repay any such organizational and offering expenses paid by the Manager. Income Taxes The Fund elected to be regulated as a BDC under the 1940 Act effective May 5, 2023. The Fund also elected to be treated as a RIC under the Code commencing with the taxable year ended December 31, 2023. So long as the Fund 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 Fund would represent obligations of the Fund’s investors and would not be reflected in the financial statements of the Fund. The Fund evaluates tax positions taken or expected to be taken in the course of preparing its 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 Fund must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Fund must distribute to its shareholders, for each taxable year, at least 90% of the sum of (i) its “investment company taxable income” for that year (without regard to the deduction for dividends paid), 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 and (ii) its net tax-exempt income. In addition, based on the excise tax distribution requirements, the Fund is subject to a 4% nondeductible federal excise tax on undistributed income unless the Fund distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Fund that is subject to corporate income tax is considered to have been distributed.

Management Agreement and Transa

Management Agreement and Transactions with Affiliates	9 Months Ended
	Sep. 30, 2023
Management Agreement and Transactions with Affiliates
Management Agreement and Transactions with Affiliates	Note 3. Management Agreement and Transactions with Affiliates The Manager serves as the investment manager to the Fund and has engaged PGIM as the subadviser to provide day-to-day management of the Fund’s portfolio, primarily through PGIM Private Capital (“PPC”), the private credit arm of PGIM. The Fund and the Manager have entered into a management agreement (the “Management Agreement”) pursuant to which the Manager is entitled to receive a base management fee and an incentive fee. Base Management Fees The management fee is payable monthly in arrears at an annual rate of 1.25% of the value of the Fund’s net assets as of the beginning of the first calendar day of the applicable month after the Fund elects to be regulated as a BDC under the 1940 Act. For the first calendar month in which the Fund has operations as a BDC, net assets will be measured as the date that the Fund first publicly sells shares to a person or entity other than the Manager or its affiliates. The Manager has contractually agreed to waive its management fee for one year from effectiveness of the Fund’s registration statement (“Waiver Period”). Following the Waiver Period, the Manager will receive a management fee at an annual rate of 1.25% of the average daily value of the Fund’s net assets. The Fund will be eligible to accrue the management fees once shares are first publicly sold to a person or entity other than the Manager or its affiliates. Prior to the Fund’s election of BDC status, the management fee was contractually set to zero. Accordingly, no fee was accrued during that time. For both the three and nine months ended September 30, 2023, the Fund accrued Management fees of $118 thousand all of which was subject to waiver by the Manager. As of September 30, 2023, there were no management fees payable by the Fund. Incentive Fees 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. The first part is based on income, whereby the Fund will pay the Manager quarterly in arrears 12.5% of the Fund’s Pre-Incentive Fee Net Investment Income Returns for each calendar quarter subject to a 5.0% annualized hurdle rate, with a catch-up. “Pre-Incentive Fee Net Investment Income Returns” represents either the dollar value of, or percentage rate of return on the value of net assets at the end of the immediate preceding quarter from, interest income, dividend income and any other income (including any other fees (other than fees for providing managerial assistance), such as commitment, origination, structuring, diligence and consulting fees or other fees received from portfolio companies) accrued during the calendar quarter, minus operating expenses accrued for the quarter (including the management fee and any interest expense or fees on any credit facilities or outstanding debt and dividends paid on any issued and outstanding preferred shares, but excluding the incentive fee and any shareholder servicing and/or distribution fees). Pre-Incentive Fee Net Investment Income Returns do not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. The impact of expense support payments and recoupments are also excluded from Pre-Incentive Fee Net Investment Income Returns. The second part is based on realized capital gains, whereby the Fund will pay the Manager at the end of each calendar year in arrears 12.5% of cumulative realized capital gains from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid incentive fee on capital gains. The Manager has contractually agreed to waive the incentive fee in its entirety for one year from the effective date of the Fund’s registration statement. Prior to the Fund’s election of BDC status, the incentive fee was contractually set to zero. Accordingly, no fee was incurred during that time. For the three and nine months ended September 30, 2023, the Fund accrued income based incentive fees of $212 thousand and $397 thousand, respectively, all of which were subject to waiver by the Manager. As of September 30, 2023, there were no incentive fees payable by the Fund. Sub-Advisory Fee The Manager will pay a portion of the management fees and incentive fees it receives from the Fund to the Subadviser. No advisory fees will be paid by the Fund directly to the Subadviser. The Subadviser has contractually agreed to waive its portion of the management fees and incentive fees in their entirety for the Waiver Period. Prior to the Fund’s election of BDC status, the subadvisory fee was contractually set to zero. Accordingly, no subadvisory fee was payable by the Manager to the Subadviser for the three and nine months ended September 30, 2023. Under the Subadvisory Agreement, the Subadviser, subject to the supervision of the Manager, is responsible for managing the assets of the Fund in accordance with the Fund’s investment objective, investment program, and policies. The Subadviser determines what private credit and other instruments are purchased and sold for the Fund and is responsible for obtaining and evaluating financial data relevant to the Fund. The Manager continues to have responsibility for all investment advisory services pursuant to the Management Agreement and supervises the Subadviser’s performance of such services. Intermediary Manager Agreement The Fund entered into an Intermediary Manager Agreement with Prudential Investment Management Services, LLC (“PIMS” or the “Distributor”), an affiliate of the Manager, who will be principal underwriter and distributor of the Fund’s common shares. The Distributor will be entitled to receive shareholder servicing and/or distribution fees with respect to the Class S and Class D shares on an annualized basis as a percentage of the NAV for such class, subject to the inception of each class. The shareholder servicing and/or distribution fees will be paid monthly in arrears at an annual rate of 0.85% and 0.25% for Class S and D respectively, calculated using the NAV of the applicable class as of the beginning of the first calendar day of the month. No distribution and/or shareholder servicing fees will be paid with respect to Class I. As of September 30, 2023, the Fund has Class I, Class S and Class D shares issued and outstanding. Plan Administrator Prudential Mutual Fund Services LLC (“PMFS” or the “Plan Administrator”) serves as the transfer and dividend disbursing agent of the Fund. PMFS provides customary transfer agency services to the Fund, including the handling of shareholder communications, the processing of shareholder transactions, the maintenance of shareholder account records, the payment of dividends and distributions, and related functions. PMFS is an affiliate of the Manager. SS&C GIDS, Inc., (“SS&C”) a corporation organized in the state of Delaware serves as the sub-transfer agent of the Fund. Expense Limitation and Reimbursement Agreement Pursuant to an Expense Limitation and Reimbursement Agreement, for three years from effectiveness of the Fund’s registration statement (the “ELRA Period”), the Manager has contractually agreed to waive its fees and/or reimburse expenses of the Fund so that the Fund’s Specified Expenses (as defined below) will not exceed 0.50% of net assets (annualized). The Fund has agreed to repay these amounts, when and if requested by the Manager, but only if and to the extent that Specified Expenses are less than 0.50% of net assets (annualized) (or, if a lower expense limit is then in effect, such lower limit) within three years after the date the Manager waived or reimbursed such fees or expenses. This arrangement cannot be terminated without the consent of the Fund’s Board prior to the end of the ELRA Period. “Specified Expenses” includes all expenses incurred in the business of the Fund, including organizational and offering costs (excluding the organizational and offering expenses relating to the initial sale of Class S, Class D and Class I common shares), with the following exceptions: (i) the management fee, (ii) the incentive fee, (iii) the shareholder servicing and/or distribution fee, (iv) brokerage costs or other investment-related out-of-pocket expenses, (v) dividend/interest payments (including any dividend payments, interest expenses, commitment fees, or other expenses related to any leverage incurred by the Fund), (vi) taxes, and (vii) extraordinary expenses (as determined in the sole discretion of the Manager). Prior to the Fund’s election of BDC status, the Manager agreed to voluntarily enact the above-described expense limitation. Accordingly, such expense reimbursement is reflected on the Statements of Operations for the three and nine months ended September 30, 2023. PGIM Investments, PGIM, PIMS, PMFS, and PPC are indirect, wholly-owned subsidiaries of Prudential Financial, Inc. Transactions with Affiliates The Fund’s existing investments were acquired with proceeds from purchases of the Fund’s Class I shares by PGIM Strategic Investments, Inc. Select investments, as footnoted in the Schedule of Investments, were purchased from the parent company of PGIM Strategic Investments, Inc. while the Fund operated as a private fund. All other existing investments were originated with the portfolio company. For the investments purchased, the Fund engaged an independent third-party valuation firm to assist in determining the fair value of these investments in accordance with the Fund’s valuation procedures. For more information regarding the Fund’s valuation procedures see “Note 2. Accounting Policies.” Investments were purchased from the parent company of PGIM Strategic Investments, Inc. on the below dates with aggregate fair values as follows: ​ ​ ​ ​ ​ Date Fair Value (in thousands) March 13, 2023 ​ $ 22,206 March 28, 2023 ​ ​ 1,622 March 31, 2023 ​ ​ 1,843 ​

Investments

Investments	9 Months Ended
	Sep. 30, 2023
Investments
Investments	Note 4. Investments As of September 30, 2023 and December 31, 2022, the composition of the Fund’s investment portfolio at cost and fair value was as follows (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Percentage of ​ ​ ​ ​ ​ ​ ​ ​ Total Investments ​ ​ Cost Fair value at Fair Value First Lien Debt ​ $ 83,778 ​ $ 83,944 100.00 % Total ​ $ 83,778 ​ $ 83,944 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Percentage of ​ ​ ​ ​ ​ ​ ​ ​ Total Investments ​ ​ Cost Fair value at Fair Value First Lien Debt ​ $ 8,486 ​ $ 8,486 100.00 % Total ​ $ 8,486 ​ $ 8,486 100.00 % ​ As of September 30, 2023 and December 31, 2022, the industry composition of investments at fair value was as follows: ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 December 31, 2022 Construction & Engineering 15.67 % 75.32 % Media ​ 9.73 % — % Trading Companies & Distributors 8.74 % — % Chemicals ​ 8.59 % — % Containers & Packaging ​ 8.01 % — % Electronic Equipment, Instruments & Components 7.96 % — % Professional Services 7.21 % — % Health Care Providers & Services 5.87 % — % Building Products 5.25 % — % Beverages 3.53 % — % IT Consulting & Other Services 3.38 % — % Business Services 2.53 % 24.68 % Human Resource & Employment Services 2.21 % — % Gas Utilities ​ 2.17 % — % Software ​ 1.94 % — % Health Care Equipment ​ 1.87 % — % Pharmaceuticals ​ 1.83 % — % Commercial Services & Supplies ​ 1.39 % — % Environmental & Facilities Services 1.31 % — % Distributors ​ 0.81 % — % Total 100.00 % 100.00 % ​ As of September 30, 2023 and December 31, 2022, the geographic composition of investments at cost and fair value was as follows (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ % of Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at ​ Country Cost Fair Value Fair Value ​ United States ​ $ 82,568 ​ $ 82,779 ​ 98.61 % Australia ​ 1,210 ​ 1,165 ​ 1.39 % Total ​ $ 83,778 ​ $ 83,944 ​ 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ % of Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at ​ Country Cost Fair Value Fair Value ​ United States ​ $ 8,486 ​ $ 8,486 ​ 100.00 % Total ​ $ 8,486 ​ $ 8,486 ​ 100.00 % ​ As of September 30, 2023 and December 31, 2022, no loans in the portfolio were on non-accrual status. As of September 30, 2023 and December 31, 2022, on a fair value basis, all performing debt investments bore interest at a floating rate.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Measurements
Fair Value Measurements	Note 5. Fair Value Measurements The Fund holds securities and other assets and liabilities that are fair valued on a monthly basis. The Fund’s investments are valued monthly based on a number of factors, such as the type of investment. Various inputs determine how the Fund’s investments are valued, all of which are categorized according to the three broad levels (Level 1, 2, or 3) detailed below and referred to herein as the “fair value hierarchy” in accordance with FASB ASC Topic 820 - Fair Value Measurements and Disclosures. In the event that unobservable inputs are used when determining such valuations, the securities will be classified as Level 3 in the fair value hierarchy. Altering one or more unobservable inputs may result in a significant change to a Level 3 security’s fair value measurement. Such inputs are summarized in the three broad levels listed below. ● Level 1—unadjusted quoted prices generally in active markets for identical securities. ● Level 2—quoted prices for similar securities, interest rates and yield curves, prepayment speeds, foreign currency exchange rates and other observable inputs. ● Level 3—unobservable inputs for securities valued in accordance with Board approved fair valuation procedures. The level of an asset or liability within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The Fund’s private credit investments’ fair valuations are classified as Level 3 in the fair value hierarchy. Such fair values are typically determined by utilizing the income approach and discounted cash flow methodology. When an enterprise value analysis or asset collateral analysis indicates there is sufficient coverage through the subject debt security, an income approach with a yield analysis is generally considered the most appropriate method to estimate fair value. In performing a yield analysis, the annual cash flows that a subject security is expected to generate over its remaining estimated holding period are first estimated. Projected cash flows are then converted to their present value equivalent utilizing a rate of return commensurate with the risk of achieving the cash flows, which results at an estimate of fair value. The discount rate can be derived considering the rate of return implied by the original transaction, adjusted for changes in both market spreads and credit-specific factors. Consistent with industry practices, the income approach incorporates subjective judgments regarding the capitalization or discount rate and projections of future cash flows. Newly acquired private credit investments may initially be valued at cost. Each private credit investment will then be valued monthly by an independent valuation advisor utilizing the methodology described above. The following is a summary of the inputs used as of September 30, 2023 and December 31, 2022 in valuing such financial instruments (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 Assets ​ Level 1 Level 2 Level 3 Total First Lien Debt ​ $ — ​ $ — ​ $ 83,944 ​ $ 83,944 Cash Equivalents ​ 28,342 ​ — ​ — ​ 28,342 Total ​ $ 28,342 ​ $ — ​ $ 83,944 ​ $ 112,286 Unrealized appreciation (depreciation) on OTC forward foreign currency exchange contracts* ​ $ — ​ $ 24 ​ $ — ​ $ 24 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Assets ​ Level 1 Level 2 Level 3 Total First Lien Debt ​ $ — ​ $ — ​ $ 8,486 ​ $ 8,486 Cash Equivalents ​ 3,218 ​ — ​ — ​ 3,218 Total ​ $ 3,218 ​ $ — ​ $ 8,486 ​ $ 11,704 Unrealized appreciation (depreciation) on OTC forward foreign currency exchange contracts* ​ $ — ​ $ — ​ $ — ​ $ — * Represents derivative instruments not reflected in the Schedule of Investments, which are recorded at the unrealized appreciation (depreciation) on the instrument. The following table presents the change in the fair value of financial instruments for which Level 3 inputs were used to determine the fair value (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ First Lien ​ ​ Debt - Total Investments ​ ​ Three Months ​ Nine Months ​ ​ Ended ​ Ended ​ September 30, 2023 September 30, 2023 Fair value, beginning of period ​ $ 74,548 ​ $ 8,486 Purchases of investments ​ 9,833 ​ 76,753 Proceeds from principal repayments ​ (606) ​ (1,704) Accretion of discount/amortization of premium ​ 116 ​ 243 Net realized gain (loss) ​ — ​ — Net change in unrealized appreciation (depreciation) ​ 53 ​ 166 Fair value, end of period ​ $ 83,944 ​ $ 83,944 Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of September 30, 2023 ​ $ 53 ​ $ 166 ​ The following tables present quantitative information about the significant unobservable inputs of the Fund’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Fund’s determination of fair value (dollar amounts in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value as of ​ ​ Range Directional Impact ​ ​ September 30, Valuation Approach/ Unobservable ​ (Weighted ​ on Fair Value ​ ​ 2023 ​ Methodology ​ Input(s) ​ Average)* ​ from Input Increase** Assets: ​ First Lien Debt ​ $ 8,772 Market/Cost Unadjusted Cost N/A N/A First Lien Debt ​ ​ 75,172 ​ Income/Discounted Cash Flow ​ Discount Rate ​ 10.71% - 14.23% ​ Decrease Total ​ $ 83,944 * Represents the weighted average of each significant unobservable input range at the investment level by fair value. ** Represents the directional change in the fair value of the Level 3 investments that would result in an increase from the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Altering one or more unobservable inputs may result in a significant change to a Level 3 security’s fair value measurement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value as of ​ ​ Range Directional Impact ​ ​ December 31, Valuation Approach/ Unobservable ​ (Weighted ​ on Fair Value ​ ​ 2022 ​ Methodology ​ Input ​ Average) ​ from Input Increase Assets: ​ First Lien Debt ​ $ 8,486 Market/Cost Unadjusted Cost N/A N/A Total ​ $ 8,486 ​ The Fund invested in derivative instruments during the reporting period. The primary type of risk associated with these derivative instruments is foreign exchange contracts risk. See “Note 2. Accounting Policies” for additional detail regarding these derivative instruments and their risks. The effect of such derivative instruments on the Fund’s financial position and financial performance as reflected in the Statements of Assets and Liabilities and Statements of Operations is presented in the summary below. Fair value of derivative instruments as of September 30, 2023 as presented in the Statements of Assets and Liabilities (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset Derivatives Liability Derivatives Derivative not ​ ​ ​ ​ ​ ​ ​ ​ ​ accounted for as ​ Statements of Assets ​ ​ ​ ​ Statements of Assets ​ ​ ​ hedging instruments, ​ and Liabilities ​ Fair ​ and Liabilities ​ Fair carried at fair value ​ Location Value Location Value Foreign exchange contracts ​ Unrealized appreciation on OTC forward foreign currency exchange contract ​ $ 24 ​ — ​ $ — ​ The effects of derivative instruments on the Statements of Operations for the three and nine months ended September 30, 2023 are as follows (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ Amount of Realized Gain (Loss) on Derivatives Recognized in Income Derivatives not accounted for as hedging instruments, carried at fair value Foreign currency exchange contract ​ Three Months Ended Nine Months Ended ​ ​ September 30, 2023 ​ September 30, 2023 Foreign exchange contracts ​ $ 58 ​ $ 50 Total ​ $ 58 ​ $ 50 ​ ​ ​ ​ ​ ​ ​ ​ Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income Derivatives not accounted for as hedging instruments, carried at fair value Foreign currency exchange contract ​ Three Months Ended Nine Months Ended ​ ​ September 30, 2023 ​ September 30, 2023 Foreign exchange contracts ​ $ 15 ​ $ 24 Total ​ $ 15 ​ $ 24 ​ For the three and nine months ended September 30, 2023, the Fund’s average volume of derivative activities is as follows (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ Average Volume of Derivative Activities* ​ ​ Three Months Ended ​ Nine Months Ended Derivative Contract Type ​ September 30, 2023 ​ September 30, 2023 Forward Foreign Currency Exchange Contracts - Sold (1) 2,086,980 1,613,020 * Average volume is based on average quarter end balance as noted for the three and nine months ended September 30, 2023. (1) Value at Settlement Date Financial Instruments/Transactions—Summary of Offsetting and Netting Arrangements The Fund invested in OTC derivatives during the reporting period that are either offset in accordance with current requirements or are subject to enforceable master netting arrangements or similar agreements that permit offsetting. The information about offsetting and related netting arrangements for OTC derivatives where the legal right to set-off exists is presented in the summary below. Offsetting of OTC derivative assets and liabilities (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts of Gross Amounts of Net Amounts of ​ ​ ​ ​ ​ ​ Recognized ​ Recognized ​ Recognized ​ Collateral ​ ​ ​ Counterparty ​ Assets (1) ​ Liabilities (1) ​ Assets/(Liabilities) ​ Pledged/(Received) (2) ​ Net Amount Macquarie Bank Limited ​ $ 24 ​ $ — ​ $ 24 ​ $ — ​ $ 24 ​ ​ $ 24 ​ $ — ​ $ 24 ​ $ — ​ $ 24 (1) Includes unrealized appreciation/(depreciation) on forwards as represented on the Statement of Assets and Liabilities. (2) Collateral amount disclosed by the Fund is limited to the Fund’s OTC derivative exposure by counterparty.

Borrowings

Borrowings	9 Months Ended
	Sep. 30, 2023
Borrowings
Borrowings	Note 6. Borrowings The Fund is permitted, under specified conditions, to issue multiple classes of indebtedness and one class of shares senior to common shares if asset coverage, as defined in the 1940 Act, would at least equal 150% immediately after each such issuance. On November 8, 2022, the Fund’s sole shareholder approved the adoption of this 150% threshold pursuant to Section 61(a)(2) of the 1940 Act and such election became effective the following day. In addition, while any senior securities remain outstanding, the Fund will be required to make provisions to prohibit any dividend distribution to shareholders or the repurchase of such securities or shares unless the Fund meets the applicable asset coverage ratios at the time of the dividend distribution or repurchase. The Fund also may be permitted to borrow amounts up to 5% of the value of the total assets for temporary or emergency purposes, which borrowings would not be considered senior securities. The Fund intends to establish one or more credit facilities and/or subscription facilities or enter into other financing arrangements to facilitate investments and the timely payment of expenses. It is anticipated that any such credit facilities will bear interest at floating rates at to be determined spreads over SOFR or another reference rate. The Fund cannot assure shareholders that the Fund will be able to enter into a credit facility. Shareholders will indirectly bear the costs associated with any borrowings under a credit facility or otherwise. In connection with a credit facility or other borrowings, lenders may require the Fund to pledge assets, commitments and/or drawdowns (and the ability to enforce the payment thereof) and may ask to comply with positive or negative covenants that could have an effect on Fund operations. In addition, from time to time, losses on leveraged investments may result in the liquidation of other investments held by the Fund and may result in additional drawdowns to repay such amounts. The Fund may also create leverage by securitizing the assets (including in collateralized loan obligations) and retaining the equity portion of the securitized vehicle. The Fund may also from time to time make secured loans of marginable securities to brokers, dealers, and other financial institutions. As of September 30, 2023, the Fund did not have any borrowings outstanding.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies
Commitments and Contingencies	Note 7. Commitments and Contingencies The Fund’s investment portfolio contains debt investments which are in the form of lines of credit or delayed draw commitments, which requires the Fund to provide funding when requested by portfolio companies in accordance with underlying loan agreements. As of September 30, 2023 and December 31, 2022, the Fund had unfunded delayed draw term loans and revolvers in the aggregate principal amount of $7,390 and $1,745, respectively. In the normal course of business, the Fund may enter into contracts that provide a variety of general indemnifications. Any exposure to the Fund under these arrangements could involve future claims that may be made against the Fund. Currently, no such claims exist or are expected to arise and, accordingly, the Fund has not accrued any liability in connection with such indemnifications. From time to time, the Fund may be involved in various claims and legal actions arising in the ordinary course of business. As of September 30, 2023, the Fund was not involved in any material legal proceedings.

Capital

Capital	9 Months Ended
	Sep. 30, 2023
Capital
Capital	Note 8. Capital The Fund is offering on a continuous basis its common shares of beneficial interest, $0.001 par value per share (“Common Shares”). The Fund intends to offer any combination of three classes of Common Shares—Class I shares, Class S shares and Class D shares—with a dollar value up to the maximum offering amount. The share classes have different ongoing shareholder servicing and/or distribution fees. The purchase price per share for each class of Common Shares will equal the Fund’s NAV per share, as of the effective date of the monthly share purchase date. This is a “best efforts” offering, which means that PIMS will use its best efforts to sell shares, but is not obligated to purchase or sell any specific amount of shares in this offering. On July 3, 2023, the Fund seeded unregistered Class S and Class D common shares. As of September 30, 2023, the Fund has 382, 382 and 4,286,877 of Class D, Class S and Class I shares issued outstanding respectively Distributions To the extent that the Fund has taxable income available, the Fund intends to make monthly 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 Fund earnings, financial condition, maintenance of tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as the Board may deem relevant from time to time. For the three and nine months ended September 30, 2023, the Fund did not make any distributions. Distribution Reinvestment Plan The Fund has adopted a distribution reinvestment plan, pursuant to which all cash dividends declared by the Board on behalf of shareholders who do not elect to receive their dividends in cash as provided below will be reinvested into additional shares of the Fund. As a result, if the Board authorizes, and the Fund declares, a cash dividend or other distribution, then shareholders who have not opted out of the distribution reinvestment plan 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. As of September 30, 2023, no Common Shares were issued pursuant to the distribution reinvestment plan. Share Repurchase Program Beginning no later than the first full calendar quarter following the date that the Fund first publicly sells shares to a person or entity other than the Manager or its affiliates, and at the discretion of the Board, the Fund intends to commence a share repurchase program in which it intends to offer to repurchase, in each quarter, up to 5% of its Common Shares outstanding (either by number of shares or aggregate NAV) as of the close of the previous calendar quarter. The Board may amend or suspend the share repurchase program at any time if in its reasonable judgment it deems such action to be in the Fund’s best interest and the best interest of the Fund’s shareholders, such as when a repurchase offer would place an undue burden on the Fund’s liquidity, adversely affect the Fund’s operations or risk having an adverse impact on the Fund that would outweigh the benefit of the repurchase offer. As a result, share repurchases may not be available each quarter. The Fund intends to conduct such repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 23(c) of the 1940 Act. All shares purchased by the Fund pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares. Under the Fund’s share repurchase program, to the extent the Fund offers to repurchase shares in any particular quarter, the Fund expects to repurchase shares pursuant to quarterly tender offers (such date of the offer, the “Repurchase Date”) using a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter, except that shares that have not been outstanding for at least one year will be repurchased at 98% of such NAV (an “Early Repurchase Deduction”). The one-year holding period is measured as of the subscription closing date immediately following the prospective Repurchase Date. The Early Repurchase Deduction may be waived in the case of repurchase requests arising from the death, divorce or qualified disability of the holder. The Early Repurchase Deduction will be retained by the Fund for the benefit of remaining shareholders. As of September 30, 2023, no Common Shares were repurchased.

Financial Highlights

Financial Highlights	9 Months Ended
	Sep. 30, 2023
Financial Highlights
Financial Highlights	Note 9. Financial Highlights The following are the financial highlights for the nine months ended September 30, 2023: ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended ​ ​ September 30, 2023 ​ ​ Class I Per Share Operating Performance: (1) ​ ​ Net asset value, beginning of period ​ $ 25.09 ​ Income from investment operations: ​ ​ Net investment income (2) ​ 1.81 ​ Net realized and unrealized gains (losses) ​ 0.02 ​ Net increase (decrease) in net investment operations ​ 1.83 ​ Net asset value, end of period ​ $ 26.92 ​ Total Return (3) ​ 7.29 % Ratios and supplemental data: ​ ​ Net assets, end of period (000 ’ ​ $ 115,422 ​ Ratio of gross expenses to average net assets (4) ​ 3.51 % Ratio of waivers to average net assets (4) ​ (3.01) % Ratio of net expenses to average net assets (4) ​ 0.50 % Net investment income (loss) to average net assets (4) ​ 9.53 % Portfolio turnover rate (5) ​ 0 % (1) Selected data for a Net Asset Value per Share outstanding throughout the period. (2) Calculated based on average shares outstanding during the period. (3) Total return based on net asset value calculated as the change in Net Asset Value per Share during the respective periods, assuming distributions, if any, are reinvested on the effects of the performance of the Fund during the period. (4) Annualized. (5) The Fund’s portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments and certain derivatives. If such transactions were included, the Fund’s portfolio turnover rate may be higher. ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended ​ ​ September 30, 2023 ​ ​ Class S (6) Per Share Operating Performance: (1) ​ ​ Net asset value, beginning of period ​ $ 26.20 ​ Income from investment operations: ​ ​ Net investment income (2) ​ 0.65 ​ Net realized and unrealized gains (losses) ​ 0.02 ​ Net increase (decrease) in net investment operations ​ 0.67 ​ Net asset value, end of period ​ $ 26.87 ​ Total Return (3) ​ 2.56 % Ratios and supplemental data: ​ ​ Net assets, end of period (000 ’ ​ $ 10 ​ Ratio of gross expenses to average net assets (4) ​ 202.42 % Ratio of waivers to average net assets (4) ​ (201.07) % Ratio of net expenses to average net assets (4) ​ 1.35 % Net investment income (loss) to average net assets (4) ​ 9.90 % Portfolio turnover rate (5) ​ 0 % (1) Selected data for a Net Asset Value per Share outstanding throughout the period. (2) Calculated based on average shares outstanding during the period. (3) Total return based on net asset value calculated as the change in Net Asset Value per Share during the respective periods, assuming distributions, if any, are reinvested on the effects of the performance of the Fund during the period. (4) Annualized. (5) The Fund’s portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments and certain derivatives. If such transactions were included, the Fund’s portfolio turnover rate may be higher. (6) Class S commenced operation on July 3, 2023. ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended ​ ​ September 30, 2023 ​ ​ Class D (6) Per Share Operating Performance: (1) ​ ​ Net asset value, beginning of period ​ $ 26.20 ​ Income from investment operations: ​ ​ ​ Net investment income (2) ​ 0.69 ​ Net realized and unrealized gains (losses) ​ 0.02 ​ Net increase (decrease) in net investment operations ​ 0.71 ​ Net asset value, end of period ​ $ 26.91 ​ Total Return (3) ​ 2.71 % Ratios and supplemental data: ​ ​ ​ Net assets, end of period (000’s) ​ $ 10 ​ Ratio of gross expenses to average net assets (4) ​ 201.67 % Ratio of waivers to average net assets (4) ​ (200.92) % Ratio of net expenses to average net assets (4) ​ 0.75 % Net investment income (loss) to average net assets (4) ​ ​ 10.49 % Portfolio turnover rate (5) ​ 0 % (1) Selected data for a Net Asset Value per Share outstanding throughout the period. (2) Calculated based on average shares outstanding during the period. (3) Total return based on net asset value calculated as the change in Net Asset Value per Share during the respective periods, assuming distributions, if any, are reinvested on the effects of the performance of the Fund during the period. (4) Annualized. (5) The Fund’s portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments and certain derivatives. If such transactions were included, the Fund’s portfolio turnover rate may be higher. (6) Class D commenced operation on July 3, 2023.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events
Subsequent Events	Note 10. Subsequent Events The Fund’s management evaluated subsequent events through the date of issuance of the 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 financial statements as of September 30, 2023, except as discussed below. On October 30, 2023, the Fund, entered into a senior secured revolving credit facility (the “Revolving Credit Facility”) with Sumitomo Mitsui Banking Corporation (“SMBC”). The Revolving Credit Facility is secured by substantially all of the assets in the Fund’s portfolio, including cash and cash equivalents. The stated interest rate on the Revolving Credit Facility is determined pursuant to a formula-based calculation based on the gross borrowing base at the time, resulting in a stated interest rate, depending on the type of borrowing, of either (a) Term SOFR plus a 10 basis point credit spread adjustment and an applicable margin equal to 2.125% per annum or 2.25% per annum, or (b) Alternate Base Rate plus a 10 basis point credit spread adjustment and an applicable margin equal to 1.125% per annum or 1.25% per annum in respect of USD borrowings and comparable rates in respect of non-USD borrowings. The initial principal amount of the Revolving Credit Facility is $150 million. The Revolving Credit Facility has an accordion feature, subject to the satisfaction of various conditions, which could bring total commitments under the Revolving Credit Facility to up to $350 million. All amounts outstanding under the Revolving Credit Facility must be repaid by the date that is five years after the closing date of the Revolving Credit Facility. ​

Accounting Policies (Policies)

Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying financial statements are prepared in accordance with U.S. GAAP. This requires the Fund to make certain estimates and assumptions that may affect the amounts reported on the financial statements and accompanying notes. These financial statements reflect normal and recurring adjustments that in the opinion of the Fund are necessary for the fair statement of the results for the periods presented. Actual results could differ from those estimates and assumptions included on the financial statements. The Fund follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 Financial Services – Investment Companies
Cash and Cash Equivalents	Cash and Cash Equivalents Cash represents cash deposits held at financial institutions, which at times may exceed U.S. federally insured limits. The Fund’s deposits are held at financial institutions with high credit-quality to minimize credit risk exposure. Cash equivalents consist of other highly liquid investments, such as money market funds. Cash and cash equivalents are carried at cost, which approximates fair value. The Fund may invest in cash, cash equivalents, U.S. government securities or high-quality debt securities maturing in one year or less from the time of investment.
Investments	Investments The Fund values its investments in accordance with FASB ASC 820, Fair Value Measurements (“ASC 820”), which defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the applicable measurement date. ASC 820 prioritizes the use of observable market prices derived from such prices over entity-specific inputs. The Fund is required to report its investments for which current market values are not readily available at fair value. Due to the inherent uncertainties of valuation, certain estimated fair values may differ significantly from the values that would have been realized had a readily available market for these investments existed, and these differences could be material. See “Note 5. Fair Value Measurements.” The Fund’s Board has adopted valuation procedures for security valuation under which fair valuation responsibilities have been delegated to the Valuation Designee. Pursuant to the Board’s delegation, the Valuation Designee has established a valuation committee responsible for supervising the fair valuation of portfolio securities and other assets and liabilities. The valuation procedures permit the Fund to utilize independent valuation advisor services. The Valuation Designee will use reliable market quotations to value the Fund’s investments when such market quotations are readily available. Debt and equity securities that are not publicly traded or whose market price is not readily available or whose market quotations are not deemed to represent fair value are valued at fair value as determined in good faith by or under the direction of the Valuation Designee. Market quotations may be deemed not to represent fair value in certain circumstances where the Valuation Designee reasonably believes that facts and circumstances applicable to an issuer, a seller or purchaser or the market for a particular security causes current market quotes not to reflect the fair value of the security. If and when market quotations are deemed not to represent fair value, the Fund typically utilizes independent third party valuation firms to assist in determining fair value. Accordingly, such investments go through a multi-step valuation process as described below. The Valuation Designee intends to engage one or more independent valuation firms based on a review of each firm’s expertise and relevant experience in valuing certain securities. In each case, independent valuation firms consider observable market inputs together with significant unobservable inputs in arriving at their valuation recommendations for such Level 3 categorized assets. With respect to investments for which market quotations are not readily available or when such market quotations are deemed not to represent fair value, the Valuation Designee, subject to oversight by the Fund’s Board, has approved a multi-step valuation process each month, as described below: · Valuation process begins with each portfolio company or investment being initially valued at cost. For Level 3 investments, the cost (purchase price adjusted for accreted original issue discount/amortized premium) or any recent comparable trade activity on the security investment shall be considered to reasonably approximate the fair value of the investment, provided that no material change has since occurred in the issuer’s business, significant inputs or the relevant environment. · Valuation Designee discusses valuations and determines in good faith the fair value of each investment in the portfolio based in part on information from an independent valuation firm that is provided on a monthly basis in conjunction with the determination of the Net Asset Value (“NAV”) per share each month. · Valuation conclusions are discussed with and documented by the Valuation Designee, including whether a significant observable change has occurred since the most recent month-end with respect to an investment that requires an adjustment from the most recent monthly valuation. · The Board reviews valuations approved by the Valuation Designee at least quarterly. As part of the Fund’s valuation process, the Valuation Designee will take into account relevant factors in determining the fair value of the Fund’s investments without market quotations, many of which are loans, including and in combination, as relevant: (i) the estimated enterprise value of a portfolio company, (ii) the nature and realizable value of any collateral, (iii) the portfolio company’s ability to make payments based on its earnings and cash flow, (iv) the markets in which the portfolio company does business, (v) a comparison of the portfolio company’s securities to any similar publicly traded securities, and (vi) overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. The determinations of fair value may differ materially from the values that would have been used if a readily available market for these non-traded securities existed. Due to this uncertainty, fair value determinations may cause NAV on a given date to materially differ from the value that may ultimately realize upon the sale of one or more of the investments. The Board reviews the valuations of portfolio investments quarterly and, no less frequently than annually, the adequacy of policies and procedures regarding valuations and the effectiveness of their implementation.
Foreign Currency Translation	Foreign Currency Translation The books and records of the Fund are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on the following basis: (i) market value of investment securities, other assets and liabilities—at the exchange rate as of the valuation date; (ii) purchases and sales of investment securities, income and expenses—at the rates of exchange prevailing on the respective dates of such transactions. Although the net assets of the Fund are presented at the foreign exchange rates and market values at the close of the period, the Fund does not generally isolate that portion of the results of operations arising as a result of changes in the foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities held at the end of the period. Similarly, the Fund does not isolate the effect of changes in foreign exchange rates from the fluctuations arising from changes in the market prices of long-term portfolio securities sold during the period. Accordingly, holding period unrealized and realized foreign currency gains (losses) are included in the reported net change in unrealized appreciation (depreciation) on investments and net realized gains (losses) on investment transactions on the Statements of Operations. Notwithstanding the above, the Fund does isolate the effect of fluctuations in foreign currency exchange rates when determining the gain (loss) upon the sale or maturity of foreign currency denominated debt obligations; such amounts are included in net realized gains (losses) on foreign currency transactions. Additionally, net realized gains (losses) on foreign currency transactions represent net foreign exchange gains (losses) from the disposition of holdings of foreign currencies, currency gains (losses) realized between the trade and settlement dates on investment transactions, and the difference between the amounts of interest, dividends and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent amounts actually received or paid. Net unrealized currency gains (losses) arise from valuing foreign currency denominated assets and liabilities (other than investments) at period end exchange rates.
Foreign Currency Transactions	Foreign Currency Transactions Based on market conditions, the Fund enters into foreign currency forward contracts (“forward contracts”) as a hedge against fluctuations in future foreign currency exchange rates. The Fund may engage in foreign currency exchange transactions in connection with its investments in foreign instruments. The Fund is not required to hedge its currency exposure, if any, and may choose not to do so. The Fund generally will conduct its foreign currency exchange transactions either on a spot (i.e., cash) basis at the spot rate prevailing in the foreign currency exchange market or through forward contracts to purchase or sell foreign currencies, including the payment of dividends and the settlement of transactions that otherwise might require untimely dispositions of Fund investments. The contracts are valued daily at current forward exchange rates and any unrealized gain (loss) is included in net unrealized appreciation or depreciation on forward contracts. Gain (loss) is realized on the settlement date of the contract equal to the difference between the settlement value of the original and negotiated forward contracts. This gain (loss), if any, is included in net realized gain (loss) on forward contract transactions. Risks may arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts. Forward currency contracts involve risks from currency exchange rate and credit risk in excess of the amounts reflected on the Statements of Assets and Liabilities. The Fund’s maximum risk of loss from counterparty credit risk is the net value of the cash flows to be received from the counterparty at the end of the contract’s life.
Master Netting Arrangements	Master Netting Arrangements The Fund is subject to various Master Agreements, or netting arrangements, with select counterparties. These are agreements which PGIM Inc. (“PGIM” or the “Subadviser”) may have negotiated and entered into on behalf of the Fund. A master netting arrangement between the Fund and the counter party permits the Fund to offset amounts payable by the Fund to the same counterparty against amounts to be received; and by the receipt of collateral from the counterparty by the Fund to cover the Fund’s exposure to the counterparty. However, there is no assurance that such mitigating factors are easily enforceable. In addition to master netting arrangements, the right to set-off exists when all the conditions are met such that each of the parties owes the other determinable amounts, the reporting party has the right to set-off the amount owed with the amount owed by the other party, the reporting party intends to set-off and the right of set-off is enforceable by law. The Fund is a party to International Swaps and Derivatives Association, Inc. (“ISDA”) Master Agreements with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the Fund is held in a segregated account by the Fund’s custodian and with respect to those amounts which can be sold or re-pledged, is presented in the Schedule of Investments. Collateral pledged by the Fund is segregated by the Fund’s custodian and identified in the Schedule of Investments. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the Fund and the applicable counterparty. Collateral requirements are determined based on the Fund’s net position with each counterparty. Termination events applicable to the Fund may occur upon a decline in the Fund’s net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty’s long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the Fund’s counterparties to elect early termination could impact the Fund’s future derivative activity.
Revenue Recognition	Revenue Recognition The Fund records its investment transactions on a trade date basis, which is the date when the Fund assumes the risks for gains and losses related to that investment. Realized gains and losses are based on the specific identification method. Expenses are recorded on an accrual basis, which may require the use of certain estimates by management that may differ from actual. 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 using the effective interest method. The amortized cost of debt investments represents the original cost, including original issue discount and upfront structuring fees (i.e. origination fees) received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. 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 nine months ended September 30, 2023, the Fund recorded $2,635 and $5,309, respectively, in interest income. Dividend Income Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. For the three and nine months ended September 30, 2023, the Fund recorded $439 and $967, respectively, in dividend income. Fee Income The Fund may receive various fees in the ordinary course of business such as for consents, waivers and amendments, as well as fees for managerial assistance rendered by the Fund to the portfolio companies. Such fees are recognized as income when earned or the services are rendered. For both the three and nine months ended September 30, 2023, the Fund recorded $50 thousand in fee income. Non-Accrual Income Loans are generally placed on non-accrual status when there is reasonable doubt that 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 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 the Subadviser’s judgment, are likely to remain current. The Subadviser 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.
Organizational and Offering Costs	Organizational and Offering Costs The Manager has agreed to pay the Fund’s organizational and offering expenses relating to the initial sale of common shares in this offering. The Fund is not obligated to repay any such organizational and offering expenses paid by the Manager.
Income Taxes	Income Taxes The Fund elected to be regulated as a BDC under the 1940 Act effective May 5, 2023. The Fund also elected to be treated as a RIC under the Code commencing with the taxable year ended December 31, 2023. So long as the Fund 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 Fund would represent obligations of the Fund’s investors and would not be reflected in the financial statements of the Fund. The Fund evaluates tax positions taken or expected to be taken in the course of preparing its 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 Fund must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Fund must distribute to its shareholders, for each taxable year, at least 90% of the sum of (i) its “investment company taxable income” for that year (without regard to the deduction for dividends paid), 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 and (ii) its net tax-exempt income. In addition, based on the excise tax distribution requirements, the Fund is subject to a 4% nondeductible federal excise tax on undistributed income unless the Fund distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Fund that is subject to corporate income tax is considered to have been distributed.

Management Agreement and Tran_2

Management Agreement and Transactions with Affiliates (Tables)	9 Months Ended
	Sep. 30, 2023
Management Agreement and Transactions with Affiliates
Schedule of aggregate fair value of transactions with affiliates	​ ​ ​ ​ ​ Date Fair Value (in thousands) March 13, 2023 ​ $ 22,206 March 28, 2023 ​ ​ 1,622 March 31, 2023 ​ ​ 1,843 ​

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2023
Investments
Summary of composition of the Company's investment portfolio at cost and fair value, industry composition at fair value and geographic composition of investments at cost and fair value	As of September 30, 2023 and December 31, 2022, the composition of the Fund’s investment portfolio at cost and fair value was as follows (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Percentage of ​ ​ ​ ​ ​ ​ ​ ​ Total Investments ​ ​ Cost Fair value at Fair Value First Lien Debt ​ $ 83,778 ​ $ 83,944 100.00 % Total ​ $ 83,778 ​ $ 83,944 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Percentage of ​ ​ ​ ​ ​ ​ ​ ​ Total Investments ​ ​ Cost Fair value at Fair Value First Lien Debt ​ $ 8,486 ​ $ 8,486 100.00 % Total ​ $ 8,486 ​ $ 8,486 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 December 31, 2022 Construction & Engineering 15.67 % 75.32 % Media ​ 9.73 % — % Trading Companies & Distributors 8.74 % — % Chemicals ​ 8.59 % — % Containers & Packaging ​ 8.01 % — % Electronic Equipment, Instruments & Components 7.96 % — % Professional Services 7.21 % — % Health Care Providers & Services 5.87 % — % Building Products 5.25 % — % Beverages 3.53 % — % IT Consulting & Other Services 3.38 % — % Business Services 2.53 % 24.68 % Human Resource & Employment Services 2.21 % — % Gas Utilities ​ 2.17 % — % Software ​ 1.94 % — % Health Care Equipment ​ 1.87 % — % Pharmaceuticals ​ 1.83 % — % Commercial Services & Supplies ​ 1.39 % — % Environmental & Facilities Services 1.31 % — % Distributors ​ 0.81 % — % Total 100.00 % 100.00 % As of September 30, 2023 and December 31, 2022, the geographic composition of investments at cost and fair value was as follows (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ % of Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at ​ Country Cost Fair Value Fair Value ​ United States ​ $ 82,568 ​ $ 82,779 ​ 98.61 % Australia ​ 1,210 ​ 1,165 ​ 1.39 % Total ​ $ 83,778 ​ $ 83,944 ​ 100.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ % of Total ​ ​ ​ ​ ​ ​ ​ ​ ​ Investments at ​ Country Cost Fair Value Fair Value ​ United States ​ $ 8,486 ​ $ 8,486 ​ 100.00 % Total ​ $ 8,486 ​ $ 8,486 ​ 100.00 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Measurements
Summary of fair value hierarchy of financial instruments	The following is a summary of the inputs used as of September 30, 2023 and December 31, 2022 in valuing such financial instruments (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 Assets ​ Level 1 Level 2 Level 3 Total First Lien Debt ​ $ — ​ $ — ​ $ 83,944 ​ $ 83,944 Cash Equivalents ​ 28,342 ​ — ​ — ​ 28,342 Total ​ $ 28,342 ​ $ — ​ $ 83,944 ​ $ 112,286 Unrealized appreciation (depreciation) on OTC forward foreign currency exchange contracts* ​ $ — ​ $ 24 ​ $ — ​ $ 24 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 Assets ​ Level 1 Level 2 Level 3 Total First Lien Debt ​ $ — ​ $ — ​ $ 8,486 ​ $ 8,486 Cash Equivalents ​ 3,218 ​ — ​ — ​ 3,218 Total ​ $ 3,218 ​ $ — ​ $ 8,486 ​ $ 11,704 Unrealized appreciation (depreciation) on OTC forward foreign currency exchange contracts* ​ $ — ​ $ — ​ $ — ​ $ — * Represents derivative instruments not reflected in the Schedule of Investments, which are recorded at the unrealized appreciation (depreciation) on the instrument.
Summary of change in the fair value of financial instruments for which Level 3 inputs were used to determine the fair value	The following table presents the change in the fair value of financial instruments for which Level 3 inputs were used to determine the fair value (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ First Lien ​ ​ Debt - Total Investments ​ ​ Three Months ​ Nine Months ​ ​ Ended ​ Ended ​ September 30, 2023 September 30, 2023 Fair value, beginning of period ​ $ 74,548 ​ $ 8,486 Purchases of investments ​ 9,833 ​ 76,753 Proceeds from principal repayments ​ (606) ​ (1,704) Accretion of discount/amortization of premium ​ 116 ​ 243 Net realized gain (loss) ​ — ​ — Net change in unrealized appreciation (depreciation) ​ 53 ​ 166 Fair value, end of period ​ $ 83,944 ​ $ 83,944 Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of September 30, 2023 ​ $ 53 ​ $ 166
Summary of quantitative information about the significant unobservable inputs of the Fund's Level 3 financial instruments	The following tables present quantitative information about the significant unobservable inputs of the Fund’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Fund’s determination of fair value (dollar amounts in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value as of ​ ​ Range Directional Impact ​ ​ September 30, Valuation Approach/ Unobservable ​ (Weighted ​ on Fair Value ​ ​ 2023 ​ Methodology ​ Input(s) ​ Average)* ​ from Input Increase** Assets: ​ First Lien Debt ​ $ 8,772 Market/Cost Unadjusted Cost N/A N/A First Lien Debt ​ ​ 75,172 ​ Income/Discounted Cash Flow ​ Discount Rate ​ 10.71% - 14.23% ​ Decrease Total ​ $ 83,944 * Represents the weighted average of each significant unobservable input range at the investment level by fair value. ** Represents the directional change in the fair value of the Level 3 investments that would result in an increase from the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Altering one or more unobservable inputs may result in a significant change to a Level 3 security’s fair value measurement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value as of ​ ​ Range Directional Impact ​ ​ December 31, Valuation Approach/ Unobservable ​ (Weighted ​ on Fair Value ​ ​ 2022 ​ Methodology ​ Input ​ Average) ​ from Input Increase Assets: ​ First Lien Debt ​ $ 8,486 Market/Cost Unadjusted Cost N/A N/A Total ​ $ 8,486
Summary of fair value of derivative instruments presented in Statements of Assets and Liabilities	Fair value of derivative instruments as of September 30, 2023 as presented in the Statements of Assets and Liabilities (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset Derivatives Liability Derivatives Derivative not ​ ​ ​ ​ ​ ​ ​ ​ ​ accounted for as ​ Statements of Assets ​ ​ ​ ​ Statements of Assets ​ ​ ​ hedging instruments, ​ and Liabilities ​ Fair ​ and Liabilities ​ Fair carried at fair value ​ Location Value Location Value Foreign exchange contracts ​ Unrealized appreciation on OTC forward foreign currency exchange contract ​ $ 24 ​ — ​ $ —
Summary of effects of derivative instruments on the Statement of Operations	The effects of derivative instruments on the Statements of Operations for the three and nine months ended September 30, 2023 are as follows (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ Amount of Realized Gain (Loss) on Derivatives Recognized in Income Derivatives not accounted for as hedging instruments, carried at fair value Foreign currency exchange contract ​ Three Months Ended Nine Months Ended ​ ​ September 30, 2023 ​ September 30, 2023 Foreign exchange contracts ​ $ 58 ​ $ 50 Total ​ $ 58 ​ $ 50 ​ ​ ​ ​ ​ ​ ​ ​ Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income Derivatives not accounted for as hedging instruments, carried at fair value Foreign currency exchange contract ​ Three Months Ended Nine Months Ended ​ ​ September 30, 2023 ​ September 30, 2023 Foreign exchange contracts ​ $ 15 ​ $ 24 Total ​ $ 15 ​ $ 24 ​
Schedule of Fund's Average Volume of Derivative Activities	For the three and nine months ended September 30, 2023, the Fund’s average volume of derivative activities is as follows (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ Average Volume of Derivative Activities* ​ ​ Three Months Ended ​ Nine Months Ended Derivative Contract Type ​ September 30, 2023 ​ September 30, 2023 Forward Foreign Currency Exchange Contracts - Sold (1) 2,086,980 1,613,020 * Average volume is based on average quarter end balance as noted for the three and nine months ended September 30, 2023. (1) Value at Settlement Date
Summary of offsetting of OTC derivative assets and liabilities	Offsetting of OTC derivative assets and liabilities (dollar amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Amounts of Gross Amounts of Net Amounts of ​ ​ ​ ​ ​ ​ Recognized ​ Recognized ​ Recognized ​ Collateral ​ ​ ​ Counterparty ​ Assets (1) ​ Liabilities (1) ​ Assets/(Liabilities) ​ Pledged/(Received) (2) ​ Net Amount Macquarie Bank Limited ​ $ 24 ​ $ — ​ $ 24 ​ $ — ​ $ 24 ​ ​ $ 24 ​ $ — ​ $ 24 ​ $ — ​ $ 24 (1) Includes unrealized appreciation/(depreciation) on forwards as represented on the Statement of Assets and Liabilities. (2) Collateral amount disclosed by the Fund is limited to the Fund’s OTC derivative exposure by counterparty.

Financial Highlights (Tables)

Financial Highlights (Tables)	9 Months Ended
	Sep. 30, 2023
Financial Highlights
Summary of financial highlights	The following are the financial highlights for the nine months ended September 30, 2023: ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended ​ ​ September 30, 2023 ​ ​ Class I Per Share Operating Performance: (1) ​ ​ Net asset value, beginning of period ​ $ 25.09 ​ Income from investment operations: ​ ​ Net investment income (2) ​ 1.81 ​ Net realized and unrealized gains (losses) ​ 0.02 ​ Net increase (decrease) in net investment operations ​ 1.83 ​ Net asset value, end of period ​ $ 26.92 ​ Total Return (3) ​ 7.29 % Ratios and supplemental data: ​ ​ Net assets, end of period (000 ’ ​ $ 115,422 ​ Ratio of gross expenses to average net assets (4) ​ 3.51 % Ratio of waivers to average net assets (4) ​ (3.01) % Ratio of net expenses to average net assets (4) ​ 0.50 % Net investment income (loss) to average net assets (4) ​ 9.53 % Portfolio turnover rate (5) ​ 0 % (1) Selected data for a Net Asset Value per Share outstanding throughout the period. (2) Calculated based on average shares outstanding during the period. (3) Total return based on net asset value calculated as the change in Net Asset Value per Share during the respective periods, assuming distributions, if any, are reinvested on the effects of the performance of the Fund during the period. (4) Annualized. (5) The Fund’s portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments and certain derivatives. If such transactions were included, the Fund’s portfolio turnover rate may be higher. ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended ​ ​ September 30, 2023 ​ ​ Class S (6) Per Share Operating Performance: (1) ​ ​ Net asset value, beginning of period ​ $ 26.20 ​ Income from investment operations: ​ ​ Net investment income (2) ​ 0.65 ​ Net realized and unrealized gains (losses) ​ 0.02 ​ Net increase (decrease) in net investment operations ​ 0.67 ​ Net asset value, end of period ​ $ 26.87 ​ Total Return (3) ​ 2.56 % Ratios and supplemental data: ​ ​ Net assets, end of period (000 ’ ​ $ 10 ​ Ratio of gross expenses to average net assets (4) ​ 202.42 % Ratio of waivers to average net assets (4) ​ (201.07) % Ratio of net expenses to average net assets (4) ​ 1.35 % Net investment income (loss) to average net assets (4) ​ 9.90 % Portfolio turnover rate (5) ​ 0 % (1) Selected data for a Net Asset Value per Share outstanding throughout the period. (2) Calculated based on average shares outstanding during the period. (3) Total return based on net asset value calculated as the change in Net Asset Value per Share during the respective periods, assuming distributions, if any, are reinvested on the effects of the performance of the Fund during the period. (4) Annualized. (5) The Fund’s portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments and certain derivatives. If such transactions were included, the Fund’s portfolio turnover rate may be higher. (6) Class S commenced operation on July 3, 2023. ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended ​ ​ September 30, 2023 ​ ​ Class D (6) Per Share Operating Performance: (1) ​ ​ Net asset value, beginning of period ​ $ 26.20 ​ Income from investment operations: ​ ​ ​ Net investment income (2) ​ 0.69 ​ Net realized and unrealized gains (losses) ​ 0.02 ​ Net increase (decrease) in net investment operations ​ 0.71 ​ Net asset value, end of period ​ $ 26.91 ​ Total Return (3) ​ 2.71 % Ratios and supplemental data: ​ ​ ​ Net assets, end of period (000’s) ​ $ 10 ​ Ratio of gross expenses to average net assets (4) ​ 201.67 % Ratio of waivers to average net assets (4) ​ (200.92) % Ratio of net expenses to average net assets (4) ​ 0.75 % Net investment income (loss) to average net assets (4) ​ ​ 10.49 % Portfolio turnover rate (5) ​ 0 % (1) Selected data for a Net Asset Value per Share outstanding throughout the period. (2) Calculated based on average shares outstanding during the period. (3) Total return based on net asset value calculated as the change in Net Asset Value per Share during the respective periods, assuming distributions, if any, are reinvested on the effects of the performance of the Fund during the period. (4) Annualized. (5) The Fund’s portfolio turnover rate is calculated in accordance with regulatory requirements, without regard to transactions involving short-term investments and certain derivatives. If such transactions were included, the Fund’s portfolio turnover rate may be higher. (6) Class D commenced operation on July 3, 2023.

Organization (Details)

Organization (Details)	Sep. 30, 2023
Organization
Intended investment in private credit investments, as a percentage of total assets	80%
Intended investment in senior secured second and third lien loans, and unsecured loans, as a percentage of total invested capital	20%

Accounting Policies (Details)

Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Accounting Policies
Interest income	$ 2,635	$ 5,309
Dividend income	439	967
Fee income	$ 50	$ 50
Percentage of nondeductible federal excise tax rate		4%

Management Agreement and Tran_3

Management Agreement and Transactions with Affiliates (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($) component
Management Agreement and Transactions with Affiliates
Base Management Fees, accrued management fees	$ 118	$ 118
Income based incentive fees	212	$ 397
Management Agreement
Management Agreement and Transactions with Affiliates
Management fee base rate		1.25%
Base Management Fees, Waiver Period		1 year
Base Management Fees rate, before the Fund's election of BDC status		0%
Base Management Fees, accrued or payable	0	$ 0
Base Management Fees, accrued management fees	118	$ 118
Incentive Fees, number of components | component		2
Incentive Fees, as a percentage of Pre-Incentive Fee Net Investment Income Returns		12.50%
Incentive Fees, annualized hurdle rate percentage		5%
Incentive Fees, as a percentage of cumulative realized capital gains		12.50%
Incentive Fees, Waiver Period		1 year
Incentive Fees, before the Fund's election of BDC status		0%
Incentive Fees, Incurred		$ 0
Income based incentive fees	212	397
Incentive Fees, payable	0	0
Subadvisory Agreement
Management Agreement and Transactions with Affiliates
Advisory fee that will be paid directly to Subadviser	0	$ 0
Subadvisory Fees, before the Fund's election of BDC status		0%
Subadvisory fees, accrued or payable	$ 0	$ 0
Intermediary Manager Agreement | Class S Shares
Management Agreement and Transactions with Affiliates
Shareholder servicing and/or distribution fees, Annual rate percentage		0.85%
Intermediary Manager Agreement | Class D Shares
Management Agreement and Transactions with Affiliates
Shareholder servicing and/or distribution fees, Annual rate percentage		0.25%
Intermediary Manager Agreement | Class I Shares
Management Agreement and Transactions with Affiliates
Shareholder servicing and/or distribution fees, Annual rate percentage		0%
Expense Limitation and Reimbursement Agreement
Management Agreement and Transactions with Affiliates
ELRA Period		3 years
Specified expenses, as an annualized maximum percentage of net assets		0.50%

Management Agreement and Tran_4

Management Agreement and Transactions with Affiliates - Transactions with Affiliates (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 28, 2023	Mar. 13, 2023
Management Agreement and Transactions with Affiliates
Loans transferred to the Fund at fair value	$ 1,843	$ 1,622	$ 22,206

Investments - Composition of th

Investments - Composition of the Company's investment portfolio at cost and fair value (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Investments
Cost		$ 83,778	$ 8,486
Fair Value	[1]	$ 83,944	$ 8,486
Percentage of Total Investments at Fair Value		100%	100%
First Lien Debt
Investments
Cost		$ 83,778	$ 8,486
Fair Value		$ 83,944	$ 8,486
Percentage of Total Investments at Fair Value		100%	100%
[1] Includes fair value of unfunded loan commitments which are disclosed in footnote seven within the Schedule of Investments.

Investments - Industry composit

Investments - Industry composition of investments at fair value (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Investments
Percentage of Total Investments at Fair Value	100%	100%
Construction & Engineering
Investments
Percentage of Total Investments at Fair Value	15.67%	75.32%
Media
Investments
Percentage of Total Investments at Fair Value	9.73%
Trading Companies & Distributors
Investments
Percentage of Total Investments at Fair Value	8.74%
Chemicals
Investments
Percentage of Total Investments at Fair Value	8.59%
Containers & Packaging
Investments
Percentage of Total Investments at Fair Value	8.01%
Electronic Equipment, Instruments & Components
Investments
Percentage of Total Investments at Fair Value	7.96%
Professional Services
Investments
Percentage of Total Investments at Fair Value	7.21%
Health Care Providers & Services
Investments
Percentage of Total Investments at Fair Value	5.87%
Building Products
Investments
Percentage of Total Investments at Fair Value	5.25%
Beverages
Investments
Percentage of Total Investments at Fair Value	3.53%
IT Consulting & Other Services
Investments
Percentage of Total Investments at Fair Value	3.38%
Business Services
Investments
Percentage of Total Investments at Fair Value	2.53%	24.68%
Human Resource & Employment Services
Investments
Percentage of Total Investments at Fair Value	2.21%
Gas Utilities
Investments
Percentage of Total Investments at Fair Value	2.17%
Software
Investments
Percentage of Total Investments at Fair Value	1.94%
Health Care Equipment
Investments
Percentage of Total Investments at Fair Value	1.87%
Pharmaceuticals
Investments
Percentage of Total Investments at Fair Value	1.83%
Commercial Services & Supplies
Investments
Percentage of Total Investments at Fair Value	1.39%
Environmental & Facilities Services
Investments
Percentage of Total Investments at Fair Value	1.31%
Distributors
Investments
Percentage of Total Investments at Fair Value	0.81%

Investments - Geographic compos

Investments - Geographic composition of investments at cost and fair value (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Investments
Cost		$ 83,778	$ 8,486
Fair Value	[1]	$ 83,944	$ 8,486
% of Total Investments at Fair Value		100%	100%
United States
Investments
Cost		$ 82,568	$ 8,486
Fair Value		$ 82,779	$ 8,486
% of Total Investments at Fair Value		98.61%	100%
Australia
Investments
Cost		$ 1,210
Fair Value		$ 1,165
% of Total Investments at Fair Value		1.39%
[1] Includes fair value of unfunded loan commitments which are disclosed in footnote seven within the Schedule of Investments.

Investments - Additional Inform

Investments - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Investments
Loans in the portfolio on non-accrual status	0	0

Fair Value Measurements - Fair

Fair Value Measurements - Fair value hierarchy of financial instruments (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Fair Value Measurements
First Lien Debt	$ 83,944	$ 83,944	$ 8,486
Unrealized appreciation (depreciation) on OTC forward foreign currency exchange contracts	15	24
Recurring
Fair Value Measurements
First Lien Debt	83,944	83,944	8,486
Cash Equivalents	28,342	28,342	3,218
Total	112,286	112,286	11,704
Unrealized appreciation (depreciation) on OTC forward foreign currency exchange contracts		24
Recurring | Level 1
Fair Value Measurements
Cash Equivalents	28,342	28,342	3,218
Total	28,342	28,342	3,218
Recurring | Level 2
Fair Value Measurements
Unrealized appreciation (depreciation) on OTC forward foreign currency exchange contracts		24
Recurring | Level 3
Fair Value Measurements
First Lien Debt	83,944	83,944	8,486
Total	$ 83,944	$ 83,944	$ 8,486

Fair Value Measurements - Chang

Fair Value Measurements - Change in the fair value of financial instruments (Details) - First Lien Debt - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Change in fair value of financial instruments for which Level 3 inputs used to determine the fair value
Fair value, beginning of period	$ 74,548	$ 8,486
Purchases of investments	9,833	76,753
Proceeds from principal repayments	(606)	(1,704)
Accretion of discount/amortization of premium	116	243
Net change in unrealized appreciation (depreciation)	53	166
Fair value, end of period	83,944	83,944
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of September 30, 2023	$ 53	$ 166

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative information about the significant unobservable inputs (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Quantitative information about the significant unobservable inputs
First Lien Debt	$ 83,944	$ 8,486
Market/Cost | Unadjusted Cost
Quantitative information about the significant unobservable inputs
First Lien Debt	8,772	$ 8,486
Income/Discounted Cash Flow | Discount Rate
Quantitative information about the significant unobservable inputs
First Lien Debt	$ 75,172
Income/Discounted Cash Flow | Discount Rate | Minimum
Quantitative information about the significant unobservable inputs
Range (Weighted Average)	10.71%
Income/Discounted Cash Flow | Discount Rate | Maximum
Quantitative information about the significant unobservable inputs
Range (Weighted Average)	14.23%
Income/Discounted Cash Flow | Discount Rate | Weighted Average
Quantitative information about the significant unobservable inputs
Range (Weighted Average)	(12.37%)

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair value of derivative instruments (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Derivative not accounted for as hedging instruments | Foreign exchange contract
Fair value of derivative instruments
Asset Derivatives	$ 24

Fair Value Measurements - Effec

Fair Value Measurements - Effects of derivative instruments on the Statement of Operations (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($) fund	Sep. 30, 2023 USD ($) fund
Effects of derivative instruments on the Statement of Operations
Amount of Realized Gain (Loss) on Derivatives Recognized in Income	$ (1)	$ 6
Foreign exchange contract
Effects of derivative instruments on the Statement of Operations
Average Volume of Derivative Activities | fund	2,086,980	1,613,020
Derivative not accounted for as hedging instruments
Effects of derivative instruments on the Statement of Operations
Amount of Realized Gain (Loss) on Derivatives Recognized in Income	$ 58	$ 50
Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income	15	24
Derivative not accounted for as hedging instruments | Foreign exchange contract
Effects of derivative instruments on the Statement of Operations
Amount of Realized Gain (Loss) on Derivatives Recognized in Income	58	50
Change in Unrealized Appreciation (Depreciation) on Derivatives Recognized in Income	$ 15	$ 24

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments/Transactions - Summary of Offsetting and Netting Arrangements (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Offsetting of OTC derivative assets and liabilities:
Gross Amounts of Recognized Assets	$ 24
Net Amounts of Recognized Assets/(Liabilities)	24
Net Amount	24
Macquarie Bank Limited
Offsetting of OTC derivative assets and liabilities:
Gross Amounts of Recognized Assets	24
Net Amounts of Recognized Assets/(Liabilities)	24
Net Amount	$ 24

Borrowings (Details)

Borrowings (Details)	Sep. 30, 2023
Borrowings
Asset coverage ratio	150%
Borrowings permitted as percentage of net assets	5%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Commitments and Contingencies
Aggregate principal amount	$ 7,390	$ 1,745

Capital (Details)

Capital (Details)	9 Months Ended
	Sep. 30, 2023 item $ / shares shares	Dec. 31, 2022 $ / shares shares
Capital
Common shares, par value | $ / shares	$ 0.001	$ 0.001
Number of classes of Common Shares | item	3
Common shares, shares issued	4,287,640	468,100
Common shares, shares outstanding	4,287,640	468,100
Class D Shares
Capital
Common shares, shares issued	382
Common shares, shares outstanding	382
Class S Shares
Capital
Common shares, shares issued	382
Common shares, shares outstanding	382
Class I Shares
Capital
Common shares, shares issued	4,286,877	468,100
Common shares, shares outstanding	4,286,877	468,100
PGIM Strategic Investments, Inc.
Capital
Ownership percent held	99.90%

Capital - Distribution Reinvest

Capital - Distribution Reinvestment Plan (Details)	9 Months Ended
	Sep. 30, 2023 shares
Capital
Common Shares issued pursuant to distribution reinvestment plan	0

Capital - Share Repurchase Prog

Capital - Share Repurchase Program (Details)	9 Months Ended
	Sep. 30, 2023 shares
Capital
Share repurchase program as percentage of Common Shares outstanding	5%
Repurchases as percentage of net asset value	98%
Holding period of shares	1 year
Number of common shares repurchased	0

Financial Highlights (Details)

Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands		9 Months Ended
		Sep. 30, 2023	Dec. 31, 2022
Class I Shares
Per Share Operating Performance:
Net asset value, beginning of period		$ 25.09
Income from investment operations:
Net investment income		1.81
Net realized and unrealized gains (losses)		0.02
Net increase (decrease) in net investment operations		1.83
Net asset value, end of period		$ 26.92
Total Return		7.29%
Ratios and supplemental data:
Net assets, end of period		$ 115,422	$ 11,745
Ratio of gross expenses to average net assets		3.51%
Ratio of waivers to average net assets		(3.01%)
Ratio of net expenses to average net assets		0.50%
Net investment income (loss) to average net assets		9.53%
Portfolio turnover rate		0%
Class S Shares
Per Share Operating Performance:
Net asset value, beginning of period		$ 26.20
Income from investment operations:
Net investment income		0.65
Net realized and unrealized gains (losses)		0.02
Net increase (decrease) in net investment operations		0.67
Net asset value, end of period	[1]	$ 26.87
Total Return		2.56%
Ratios and supplemental data:
Net assets, end of period		$ 10
Ratio of gross expenses to average net assets		202.42%
Ratio of waivers to average net assets		(201.07%)
Ratio of net expenses to average net assets		1.35%
Net investment income (loss) to average net assets		9.90%
Portfolio turnover rate		0%
Class D Shares
Per Share Operating Performance:
Net asset value, beginning of period		$ 26.20
Income from investment operations:
Net investment income		0.69
Net realized and unrealized gains (losses)		0.02
Net increase (decrease) in net investment operations		0.71
Net asset value, end of period	[1]	$ 26.91
Total Return		2.71%
Ratios and supplemental data:
Net assets, end of period		$ 10
Ratio of gross expenses to average net assets		201.67%
Ratio of waivers to average net assets		(200.92%)
Ratio of net expenses to average net assets		0.75%
Net investment income (loss) to average net assets		10.49%
Portfolio turnover rate		0%
[1] Class S and Class D shares commenced operations on July 3, 2023.

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	Oct. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Subsequent Events
Initial principal amount		$ 7,390	$ 1,745
Subsequent Events | Revolving Credit Facility
Subsequent Events
Initial principal amount	$ 150,000
Maximum total commitments	$ 350,000
Term of facility	5 years
Subsequent Events | Revolving Credit Facility | Term SOFR
Subsequent Events
Basis spread on variable rate (in percent)	0.10%
Subsequent Events | Revolving Credit Facility | Term SOFR | Minimum
Subsequent Events
Basis spread on variable rate (in percent)	2.125%
Subsequent Events | Revolving Credit Facility | Term SOFR | Maximum
Subsequent Events
Basis spread on variable rate (in percent)	2.25%
Subsequent Events | Revolving Credit Facility | Alternate Base Rate
Subsequent Events
Basis spread on variable rate (in percent)	0.10%
Subsequent Events | Revolving Credit Facility | Alternate Base Rate | Minimum
Subsequent Events
Basis spread on variable rate (in percent)	1.125%
Subsequent Events | Revolving Credit Facility | Alternate Base Rate | Maximum
Subsequent Events
Basis spread on variable rate (in percent)	1.25%