KKR FS Income Trust Select 10-Q13 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2024	Oct. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	814-01706
Entity Registrant Name	KKR FS Income Trust Select
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	92-3617067
Entity Address, Address Line One	201 Rouse Boulevard
Entity Address, City or Town	Philadelphia
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19112
City Area Code	215
Local Phone Number	495-1150
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,618,421
Entity Central Index Key	0001975736
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31

Statements of Assets and Liabil

Statements of Assets and Liabilities - USD ($) $ in Thousands		Sep. 30, 2024		Dec. 31, 2023
Assets
Investments, at fair value		$ 277,474	[1]	$ 0
Cash and cash equivalents		28,198		1
Foreign currency (amortized cost—$494 and $0, respectively)		497		0
Receivable for investments sold and repaid		23		0
Income receivable		2,316		0
Expense support receivable		662		0
Deferred financing costs		921		0
Prepaid expenses and other assets		86		0
Total assets		310,177		1
Liabilities
Payable for investments purchased		46,025		0
Unrealized depreciation on foreign currency forward contracts		67		0
Shareholders’ distributions payable		2,875		0
Accrued capital gains incentive fee	[2]	138		0
Administrative services expense payable		258		0
Distribution/servicing fees payable		138		0
Accrued accounting and administrative fees		17		0
Interest payable		48		0
Other accrued expenses and liabilities		161		0
Total liabilities		49,727		0
Commitments and contingencies	[3]
Shareholders’ equity
Common Shares, $0.01 par value, unlimited shares authorized, 10,267,624 and 40 Class S shares issued and outstanding, respectively		103		0
Capital in excess of par value		259,162		1
Retained earnings (accumulated deficit)		1,185		0
Total shareholders’ equity		260,450		1
Total liabilities and shareholders’ equity		$ 310,177		$ 1
Net asset value per share of common shares at period end (in dollars per share)		$ 25.37		$ 25
Non-controlled/affiliated investments
Assets
Investments, at fair value		$ 276,920		$ 0
Controlled/affiliated investments
Assets
Investments, at fair value		$ 554		$ 0

[1]See Note 8 for additional information regarding the fair value of the Company’s financial instruments[2] See Note 2 for a discussion of the methodology employed by the Company in calculating the capital gains incentive fees. See Note 10 for a discussion of the Company’s commitments and contingencies.

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost	$ 276,265	$ 0
Foreign currency, cost	$ 494	$ 0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	10,267,624	40
Common stock, shares outstanding (in shares)	10,267,624	40
Non-controlled/affiliated investments
Amortized Cost	$ 275,711	$ 0
Controlled/affiliated investments
Amortized Cost	$ 554	$ 0

Unaudited Statements of Operati

Unaudited Statements of Operations - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
Unaudited Statements of Operations - USD ($) $ in Thousands		Sep. 30, 2024	Sep. 30, 2024
Investment income
Interest income		$ 5,476	$ 8,178
Fee income		711	848
Total investment income		6,187	9,026
Operating expenses
Management fees		649	960
Subordinated income incentive fees	[1]	727	1,067
Capital gains incentive fees	[1]	111	138
Interest expense	[2]	96	96
Administrative services expense		267	447
Distribution/servicing fees		349	461
Share transfer agent fees		85	107
Accounting and administrative fees		22	34
Audit expense		100	198
Other general and administrative expenses		188	296
Total operating expenses		2,594	3,804
Management and incentive fee waivers		(1,376)	(2,027)
Expense waiver	[3]	(662)	(1,009)
Net expenses		556	768
Net investment income		5,631	8,258
Realized and unrealized gain/loss
Net realized gain (loss) on foreign currency forward contracts		8	8
Net realized gain (loss) on foreign currency		(48)	(45)
Net change in unrealized appreciation (depreciation) on investments:		990	1,209
Net change in unrealized appreciation (depreciation) on foreign currency forward contracts		(67)	(67)
Net change in unrealized appreciation (depreciation) on foreign currency		8	3
Total net realized and unrealized gain (loss)		891	1,108
Net increase (decrease) in net assets resulting from operations		$ 6,522	$ 9,366
Per share information—basic and diluted
Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per Share) - basic (in dollars per share)		$ 0.71	$ 2.07
Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per Share) - diluted (in dollars per share)		$ 0.71	$ 2.07
Weighted average shares outstanding - basic (in shares)		8,824,096	4,367,721
Weighted average shares outstanding - diluted (in shares)		8,824,096	4,367,721

[1] See Note 2 and 4 for a discussion of the methodology employed by the Company in calculating the subordinated income incentive fees and capital gains incentive fees. See Note 9 for a discussion of the Company’s financing arrangements. See Note 4 for a discussion of the Company’s expense support and conditional reimbursement.

Unaudited Statements of Changes

Unaudited Statements of Changes in Net Assets - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Sep. 30, 2024	Sep. 30, 2024
Operations
Net investment income (loss)		$ 5,631	$ 8,258
Net realized gain (loss) on investments, foreign currency forward contracts and foreign currency		(40)	(37)
Net change in unrealized appreciation (depreciation) on investments and foreign currency forward contracts		923	1,142
Net change in unrealized appreciation (depreciation) on foreign currency		8	3
Net increase (decrease) in net assets resulting from operations		6,522	9,366
Shareholder distributions
Net decrease in net assets resulting from shareholder distributions		(6,427)	(8,181)
Capital transactions
Issuance of capital	[1]	103,706	257,164
Reinvestment of shareholder distributions	[1]	2,100	2,100
Net increase (decrease) in net assets resulting from capital share transactions	[1]	105,806	259,264
Total increase (decrease) in net assets		105,901	260,449
Net assets at beginning of period		154,549	1
Net assets at end of period		260,450	260,450
Common Stock
Shareholder distributions
Distributions to shareholders		(6,150)	(7,857)
Preferred Stock
Shareholder distributions
Distributions to shareholders		$ (277)	$ (324)

[1]See Note 3 for a discussion of the Company’s capital share transactions

Unaudited Statements of Cash Fl

Unaudited Statements of Cash Flows $ in Thousands	9 Months Ended
Unaudited Statements of Cash Flows $ in Thousands	Sep. 30, 2024 USD ($)
Cash flows from operating activities
Net increase (decrease) in net assets resulting from operations	$ 9,366
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of investments	(284,290)
Paid-in-kind interest	(186)
Proceeds from sales and repayments of investments	8,297
Net change in unrealized (appreciation) depreciation on investments	(1,209)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts	67
Accretion of discount	(86)
Amortization of deferred financing costs	48
(Increase) decrease in receivable for investments sold and repaid	(23)
(Increase) decrease in income receivable	(2,316)
(Increase) decrease in expense support receivable	(662)
(Increase) decrease in prepaid expenses and other assets	(86)
Increase (decrease) in payable for investments purchased	46,025
Increase (decrease) in accrued capital gains incentive fee	138
Increase (decrease) in administrative services expense payable	258
Increase (decrease) in distribution/servicing fees payable	138
Increase (decrease) in accrued accounting and administrative fees	17
Increase (decrease) in interest payable	48
Increase (decrease) in other accrued expenses and liabilities	161
Net cash provided by (used in) operating activities	(224,295)
Cash flows from financing activities
Issuance of capital	257,164
Reinvestment of Distributions	2,100
Distributions to common shareholders	(4,982)
Distributions to preferred shareholders	(324)
Deferred financing costs paid	(969)
Net cash provided by (used in) financing activities	252,989
Total increase (decrease) in cash	28,694
Cash and foreign currency at beginning of period	1
Cash and foreign currency at end of period	$ 28,695

Unaudited Schedule of Investmen

Unaudited Schedule of Investments € in Thousands, £ in Thousands, kr in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024 USD ($)		Sep. 30, 2024 USD ($)		May 25, 2028 USD ($)	Mar. 15, 2027 USD ($)	Feb. 19, 2027 USD ($)	Jun. 10, 2025 USD ($)	Oct. 02, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Sep. 30, 2024 GBP (£)	Sep. 30, 2024 SEK (kr)	Dec. 31, 2023 USD ($)
Amortized Cost		$ 276,265		$ 276,265										$ 0
Fair Value		277,474	[1]	277,474	[1]									0
LIABILITIES IN EXCESS OF OTHER ASSETS—(6.6)%	[1]	(17,024)		(17,024)
NET ASSETS	[1]	260,450		260,450
Unrealized Appreciation (Depreciation)		(67)		(67)
Foreign Exchange Forward
USS Value		4,062		4,062
Unrealized Appreciation (Depreciation)				(67)
Goldman Sachs Bank USA \| Foreign Exchange Forward
USS Value		4,019		4,019
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Sold 1
USS Value		561		561							€ 480
Unrealized Appreciation (Depreciation)				(15)
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Sold 2
USS Value		1,150		1,150							€ 1,000
Unrealized Appreciation (Depreciation)				(9)
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Sold 3
USS Value		299		299								£ 224
Unrealized Appreciation (Depreciation)				(15)
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Sold 4
USS Value		1,002		1,002								£ 750
Unrealized Appreciation (Depreciation)				(13)
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Sold 5
USS Value		267		267									kr 2,611
Unrealized Appreciation (Depreciation)				(3)
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Bought 1
USS Value		267		267									2,611
Unrealized Appreciation (Depreciation)				(2)
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Sold 6
USS Value		258		258									2,611
Unrealized Appreciation (Depreciation)				0
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Sold 6 \| Subsequent Event
USS Value										$ 258
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Bought 2
USS Value		258		258									kr 2,611
Unrealized Appreciation (Depreciation)				(10)
Goldman Sachs Bank USA \| Foreign Exchange Forward \| Bought 2 \| Subsequent Event
USS Value										$ 268
Goldman Sachs Bank USA \| Forecast \| Foreign Exchange Forward \| Sold 1
USS Value						$ 546
Goldman Sachs Bank USA \| Forecast \| Foreign Exchange Forward \| Sold 2
USS Value								$ 1,141
Goldman Sachs Bank USA \| Forecast \| Foreign Exchange Forward \| Sold 3
USS Value									$ 284
Goldman Sachs Bank USA \| Forecast \| Foreign Exchange Forward \| Sold 4
USS Value									$ 989
Goldman Sachs Bank USA \| Forecast \| Foreign Exchange Forward \| Sold 5
USS Value							$ 264
Goldman Sachs Bank USA \| Forecast \| Foreign Exchange Forward \| Bought 1
USS Value							$ 269
Net Senior Secured Loans—First Lien
Amortized Cost		233,984		233,984
Fair Value	[1]	234,324		234,324
Total Senior Secured Loans—First Lien
Amortized Cost		280,666		280,666
Fair Value	[1]	281,006		281,006
Unfunded Loan Commitments
Amortized Cost		(46,682)		(46,682)
Fair Value	[1]	(46,682)		(46,682)
Net Asset Based Finance
Amortized Cost		42,281		42,281
Fair Value	[1]	43,150		43,150
Total Asset Based Finance
Amortized Cost		53,293		53,293
Fair Value	[1]	54,162		54,162
Unfunded Commitments
Amortized Cost		(11,012)		(11,012)
Fair Value	[1]	$ (11,012)		$ (11,012)
Investment, Identifier [Axis]: Advanced Dermatology & Cosmetic Surgery, Health Care Equipment & Services
Basis spread on variable rate	[2],[3]	6.25%		6.25%							6.25%	6.25%	6.25%
Floor	[2],[3]	1%		1%							1%	1%	1%
Principal Amount	[3],[4]	$ 4,135		$ 4,135
Amortized Cost	[3]	4,135		4,135
Fair Value	[1],[3]	$ 4,135		$ 4,135
Investment, Identifier [Axis]: Affordable Care Inc, Health Care Equipment & Services
Basis spread on variable rate	[2]	5.50%		5.50%							5.50%	5.50%	5.50%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 8,270		$ 8,270
Amortized Cost		8,286		8,286
Fair Value	[1]	$ 8,238		$ 8,238
Investment, Identifier [Axis]: Alera Group Intermediate Holdings Inc,, Insurance
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 8,269		$ 8,269
Amortized Cost		8,285		8,285
Fair Value	[1]	$ 8,319		$ 8,319
Investment, Identifier [Axis]: Amerivet Partners Management Inc, Health Care Equipment & Services
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 6,616		$ 6,616
Amortized Cost		6,616		6,616
Fair Value	[1]	$ 6,616		$ 6,616
Investment, Identifier [Axis]: Ardonagh Group Ltd/The, Insurance
Basis spread on variable rate	[2],[5]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[5]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4],[5]	$ 683		$ 683
Amortized Cost	[5]	673		673
Fair Value	[1],[5]	$ 696		$ 696
Investment, Identifier [Axis]: Area Wide Protective Inc, Commercial & Professional Services 1
Basis spread on variable rate	[2]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 801		$ 801
Amortized Cost		798		798
Fair Value	[1]	$ 795		$ 795
Investment, Identifier [Axis]: Area Wide Protective Inc, Commercial & Professional Services 2
Basis spread on variable rate	[2]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 2,457		$ 2,457
Amortized Cost		2,446		2,446
Fair Value	[1]	$ 2,437		$ 2,437
Investment, Identifier [Axis]: Area Wide Protective Inc, Commercial & Professional Services 3
Basis spread on variable rate	[2],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[6]	1%		1%							1%	1%	1%
Principal Amount	[4],[6]	$ 3,685		$ 3,685
Amortized Cost	[6]	3,666		3,666
Fair Value	[1],[6]	$ 3,655		$ 3,655
Investment, Identifier [Axis]: Auxilior Capital Partners Inc, Preferred Equity, Financial Services
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Rate, PIK	[2]	9.50%		9.50%							9.50%	9.50%	9.50%
Principal Amount	[4]	$ 800		$ 800
Amortized Cost		800		800
Fair Value	[1]	$ 811		$ 811
Investment, Identifier [Axis]: Auxilior Capital Partners Inc, Preferred Equity, Financial Services \| Maximum
Rate, PIK	[2]	9.50%		9.50%							9.50%	9.50%	9.50%
Investment, Identifier [Axis]: Avetta LLC, Software & Services 1
Basis spread on variable rate	[2]	4.50%		4.50%							4.50%	4.50%	4.50%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4]	$ 4,215		$ 4,215
Amortized Cost		4,174		4,174
Fair Value	[1]	$ 4,190		$ 4,190
Investment, Identifier [Axis]: Avetta LLC, Software & Services 1 \| Maximum
Rate, PIK	[2]	2.30%		2.30%							2.30%	2.30%	2.30%
Investment, Identifier [Axis]: Avetta LLC, Software & Services 2
Basis spread on variable rate	[2],[6]	4.50%		4.50%							4.50%	4.50%	4.50%
Floor	[2],[6]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4],[6]	$ 737		$ 737
Amortized Cost	[6]	737		737
Fair Value	[1],[6]	$ 733		$ 733
Investment, Identifier [Axis]: Avetta LLC, Software & Services 3
Basis spread on variable rate	[2],[6]	4.50%		4.50%							4.50%	4.50%	4.50%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4],[6]	$ 1,032		$ 1,032
Amortized Cost	[6]	1,032		1,032
Fair Value	[1],[6]	$ 1,026		$ 1,026
Investment, Identifier [Axis]: Avetta LLC, Software & Services 3 \| Maximum
Rate, PIK	[2],[6]	2.30%		2.30%							2.30%	2.30%	2.30%
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 1
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 10,676		$ 10,676
Amortized Cost		10,569		10,569
Fair Value	[1]	$ 10,569		$ 10,569
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 1 \| Maximum
Rate, PIK	[2]	2.50%		2.50%							2.50%	2.50%	2.50%
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 2
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 890		$ 890
Amortized Cost		872		872
Fair Value	[1]	$ 881		$ 881
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 3
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 2,669		$ 2,669
Amortized Cost	[6]	2,656		2,656
Fair Value	[1],[6]	$ 2,642		$ 2,642
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 3 \| Maximum
Rate, PIK	[2],[6]	2.50%		2.50%							2.50%	2.50%	2.50%
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 4
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 890		$ 890
Amortized Cost	[6]	890		890
Fair Value	[1],[6]	$ 881		$ 881
Investment, Identifier [Axis]: CSafe Global, Transportation 1
Basis spread on variable rate	[2]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 7,224		$ 7,224
Amortized Cost		7,225		7,225
Fair Value	[1]	$ 7,296		$ 7,296
Investment, Identifier [Axis]: CSafe Global, Transportation 2
Basis spread on variable rate	[2]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount \| £	[4]											£ 967
Amortized Cost		$ 1,222		$ 1,222
Fair Value	[1]	$ 1,309		$ 1,309
Investment, Identifier [Axis]: CSafe Global, Transportation 3
Basis spread on variable rate	[2]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 561		$ 561
Amortized Cost		562		562
Fair Value	[1]	$ 561		$ 561
Investment, Identifier [Axis]: CSafe Global, Transportation 4
Basis spread on variable rate	[2],[6]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 158		$ 158
Amortized Cost	[6]	158		158
Fair Value	[1],[6]	$ 158		$ 158
Investment, Identifier [Axis]: Cadence Education LLC, Consumer Services 1
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 192		$ 192
Amortized Cost		192		192
Fair Value	[1]	$ 192		$ 192
Investment, Identifier [Axis]: Cadence Education LLC, Consumer Services 2
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 2,301		$ 2,301
Amortized Cost		2,290		2,290
Fair Value	[1]	$ 2,304		$ 2,304
Investment, Identifier [Axis]: Cadence Education LLC, Consumer Services 3
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 353		$ 353
Amortized Cost	[6]	353		353
Fair Value	[1],[6]	$ 353		$ 353
Investment, Identifier [Axis]: Cadence Education LLC, Consumer Services 4
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 408		$ 408
Amortized Cost	[6]	408		408
Fair Value	[1],[6]	$ 408		$ 408
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 1
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4]	$ 1,950		$ 1,950
Amortized Cost		1,936		1,936
Fair Value	[1]	$ 1,946		$ 1,946
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 1 \| Maximum
Rate, PIK	[2]	3%		3%							3%	3%	3%
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 2
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Floor	[2]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4]	$ 79		$ 79
Amortized Cost		79		79
Fair Value	[1]	$ 79		$ 79
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 3
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount \| €	[4]										€ 484
Amortized Cost		$ 519		$ 519
Fair Value	[1]	$ 538		$ 538
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 3 \| Maximum
Rate, PIK	[2]	3%		3%							3%	3%	3%
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 4
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Floor	[2],[6]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4],[6]	$ 438		$ 438
Amortized Cost	[6]	438		438
Fair Value	[1],[6]	$ 437		$ 437
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 5
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4],[6]	$ 518		$ 518
Amortized Cost	[6]	514		514
Fair Value	[1],[6]	$ 517		$ 517
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 5 \| Maximum
Rate, PIK	[2],[6]	3%		3%							3%	3%	3%
Investment, Identifier [Axis]: Community Brands Inc, Software & Services 1
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 5,169		$ 5,169
Amortized Cost		5,123		5,123
Fair Value	[1]	$ 5,155		$ 5,155
Investment, Identifier [Axis]: Community Brands Inc, Software & Services 2
Basis spread on variable rate	[2],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 568		$ 568
Amortized Cost	[6]	567		567
Fair Value	[1],[6]	$ 566		$ 566
Investment, Identifier [Axis]: Community Brands Inc, Software & Services 3
Basis spread on variable rate	[2],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 1,456		$ 1,456
Amortized Cost	[6]	1,456		1,456
Fair Value	[1],[6]	$ 1,452		$ 1,452
Investment, Identifier [Axis]: Dental365 LLC, Health Care Equipment & Services 1
Basis spread on variable rate	[2],[3]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2],[3]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4]	$ 157		$ 157
Amortized Cost	[3]	155		155
Fair Value	[1],[3]	$ 157		$ 157
Investment, Identifier [Axis]: Dental365 LLC, Health Care Equipment & Services 2
Basis spread on variable rate	[2],[3]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[3]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4]	$ 9,257		$ 9,257
Amortized Cost	[3]	9,254		9,254
Fair Value	[1],[3]	$ 9,239		$ 9,239
Investment, Identifier [Axis]: Dental365 LLC, Health Care Equipment & Services 3
Basis spread on variable rate	[2],[3],[6]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2],[3],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4],[6]	$ 1,806		$ 1,806
Amortized Cost	[3],[6]	1,806		1,806
Fair Value	[1],[3],[6]	$ 1,802		$ 1,802
Investment, Identifier [Axis]: Dental365 LLC, Health Care Equipment & Services 4
Basis spread on variable rate	[2],[3],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[3],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4],[6]	$ 4,389		$ 4,389
Amortized Cost	[3],[6]	4,389		4,389
Fair Value	[1],[3],[6]	4,380		4,380
Investment, Identifier [Axis]: Discover Financial Services, ABF Equity
Fair Value		194		194										0
Investment, Identifier [Axis]: Discover Financial Services, ABF Equity, Financial Services
Principal Amount	[4],[5],[7],[8]	194,087		194,087
Amortized Cost	[5],[7],[8]	194		194
Fair Value	[1],[5],[7],[8]	194		194
Investment, Identifier [Axis]: Discover Financial Services, Subordinated Loan
Fair Value		$ 360		$ 360										$ 0
Investment, Identifier [Axis]: Discover Financial Services, Subordinated Loan, Financial Services 1
Basis spread on variable rate	[2],[5],[8]	15%		15%							15%	15%	15%
Principal Amount	[4],[5],[8]	$ 360		$ 360
Amortized Cost	[5],[8]	360		360
Fair Value	[1],[5],[8]	$ 360		$ 360
Investment, Identifier [Axis]: Discover Financial Services, Subordinated Loan, Financial Services 2
Basis spread on variable rate	[2],[5],[6],[8]	15%		15%							15%	15%	15%
Principal Amount	[4],[5],[6],[8]	$ 2,559		$ 2,559
Amortized Cost	[5],[6],[8]	2,559		2,559
Fair Value	[1],[5],[6],[8]	$ 2,559		$ 2,559
Investment, Identifier [Axis]: DuBois Chemicals Inc, Materials 1
Basis spread on variable rate	[2]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 11,324		$ 11,324
Amortized Cost		11,270		11,270
Fair Value	[1]	$ 11,334		$ 11,334
Investment, Identifier [Axis]: DuBois Chemicals Inc, Materials 2
Basis spread on variable rate	[2],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 1,894		$ 1,894
Amortized Cost	[6]	1,888		1,888
Fair Value	[1],[6]	$ 1,895		$ 1,895
Investment, Identifier [Axis]: DuBois Chemicals Inc, Materials 3
Basis spread on variable rate	[2],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 1,894		$ 1,894
Amortized Cost	[6]	1,888		1,888
Fair Value	[1],[6]	$ 1,894		$ 1,894
Investment, Identifier [Axis]: EFMT 2024-INV1, Term Loan, Real Estate Management & Development
Basis spread on variable rate	[2],[5],[9]	7.60%		7.60%							7.60%	7.60%	7.60%
Principal Amount	[4],[5],[9]	$ 3,828		$ 3,828
Amortized Cost	[5],[9]	3,650		3,650
Fair Value	[1],[5],[9]	$ 3,740		$ 3,740
Investment, Identifier [Axis]: Excelitas Technologies Corp, Technology Hardware & Equipment
Basis spread on variable rate	[2],[3]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[3]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4]	$ 5,473		$ 5,473
Amortized Cost	[3]	5,533		5,533
Fair Value	[1],[3]	$ 5,471		$ 5,471
Investment, Identifier [Axis]: FIGRE Trust 2024-HE3, Term Loan, Real Estate Management & Development
Basis spread on variable rate	[2],[5],[9]	9.30%		9.30%							9.30%	9.30%	9.30%
Principal Amount	[4],[5],[9]	$ 1,148		$ 1,148
Amortized Cost	[5],[9]	1,153		1,153
Fair Value	[1],[5],[9]	$ 1,183		$ 1,183
Investment, Identifier [Axis]: Galway Partners Holdings LLC, Insurance 1
Basis spread on variable rate	[2],[3]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[3]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4]	$ 241		$ 241
Amortized Cost	[3]	243		243
Fair Value	[1],[3]	$ 241		$ 241
Investment, Identifier [Axis]: Galway Partners Holdings LLC, Insurance 2
Basis spread on variable rate	[2]	4.50%		4.50%							4.50%	4.50%	4.50%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 8,109		$ 8,109
Amortized Cost		8,128		8,128
Fair Value	[1]	$ 8,116		$ 8,116
Investment, Identifier [Axis]: Galway Partners Holdings LLC, Insurance 2 \| Maximum
Rate, PIK	[2]	1%		1%							1%	1%	1%
Investment, Identifier [Axis]: Galway Partners Holdings LLC, Insurance 3
Basis spread on variable rate	[2],[3],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[3],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4],[6]	$ 677		$ 677
Amortized Cost	[3],[6]	677		677
Fair Value	[1],[3],[6]	$ 677		$ 677
Investment, Identifier [Axis]: Gigamon Inc, Software & Services
Basis spread on variable rate	[2]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 4,134		$ 4,134
Amortized Cost		4,134		4,134
Fair Value	[1]	4,134		4,134
Investment, Identifier [Axis]: Global Lending Services LLC, ABF Equity, Financial Services
Principal Amount	[4],[5],[7]	1,765,150		1,765,150
Amortized Cost	[5],[7]	1,765		1,765
Fair Value	[1],[5],[7]	$ 1,884		$ 1,884
Investment, Identifier [Axis]: HOMES 2024-AFC1 Trust, Structured Mezzanine, Real Estate Management & Development
Basis spread on variable rate	[2],[5],[9]	7.60%		7.60%							7.60%	7.60%	7.60%
Principal Amount	[4],[5],[9]	$ 1,167		$ 1,167
Amortized Cost	[5],[9]	1,109		1,109
Fair Value	[1],[5],[9]	$ 1,109		$ 1,109
Investment, Identifier [Axis]: Homeward Opportunities Fund Trust 2024-RRTL2, Real Estate Management & Development
Basis spread on variable rate	[2],[5],[9]	9.10%		9.10%							9.10%	9.10%	9.10%
Principal Amount	[4],[5],[9]	$ 4,726		$ 4,726
Amortized Cost	[5],[9]	4,726		4,726
Fair Value	[1],[5],[9]	$ 4,766		$ 4,766
Investment, Identifier [Axis]: Insightsoftware.Com Inc, Software & Services 1
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 694		$ 694
Amortized Cost		694		694
Fair Value	[1]	$ 694		$ 694
Investment, Identifier [Axis]: Insightsoftware.Com Inc, Software & Services 2
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 29		$ 29
Amortized Cost		29		29
Fair Value	[1]	$ 29		$ 29
Investment, Identifier [Axis]: Insightsoftware.Com Inc, Software & Services 3
Basis spread on variable rate	[2],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 293		$ 293
Amortized Cost	[6]	293		293
Fair Value	[1],[6]	$ 293		$ 293
Investment, Identifier [Axis]: Insightsoftware.Com Inc, Software & Services 4
Basis spread on variable rate	[2],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[6]	1%		1%							1%	1%	1%
Principal Amount	[4],[6]	$ 193		$ 193
Amortized Cost	[6]	193		193
Fair Value	[1],[6]	$ 193		$ 193
Investment, Identifier [Axis]: Integrity Marketing Group LLC, Insurance
Basis spread on variable rate	[2],[3]	5%		5%							5%	5%	5%
Floor	[2],[3]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4]	$ 10,561		$ 10,561
Amortized Cost	[3]	10,638		10,638
Fair Value	[1],[3]	$ 10,561		$ 10,561
Investment, Identifier [Axis]: Karman Space Inc, Capital Goods
Basis spread on variable rate	[2]	6.25%		6.25%							6.25%	6.25%	6.25%
Floor	[2]	2%		2%							2%	2%	2%
Principal Amount	[4]	$ 4,248		$ 4,248
Amortized Cost		4,193		4,193
Fair Value	[1]	$ 4,270		$ 4,270
Investment, Identifier [Axis]: LHOME Mortgage Trust 2024-RTL4, Real Estate Management & Development
Basis spread on variable rate	[2],[5],[9]	9.30%		9.30%							9.30%	9.30%	9.30%
Principal Amount	[4],[5],[9]	$ 4,507		$ 4,507
Amortized Cost	[5],[9]	4,507		4,507
Fair Value	[1],[5],[9]	$ 4,570		$ 4,570
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 1
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 5,100		$ 5,100
Amortized Cost		5,050		5,050
Fair Value	[1]	$ 5,049		$ 5,049
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 1 \| Maximum
Rate, PIK	[2]	2.80%		2.80%							2.80%	2.80%	2.80%
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 2
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 600		$ 600
Amortized Cost	[6]	600		600
Fair Value	[1],[6]	$ 594		$ 594
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 2 \| Maximum
Rate, PIK	[2],[6]	2.50%		2.50%							2.50%	2.50%	2.50%
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 3
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 300		$ 300
Amortized Cost	[6]	300		300
Fair Value	[1],[6]	$ 297		$ 297
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 3 \| Maximum
Rate, PIK	[2],[6]	2.80%		2.80%							2.80%	2.80%	2.80%
Investment, Identifier [Axis]: Lennar Corp, ABF Equity, Consumer Durables & Apparel
Principal Amount	[4],[5]	$ 2,173,102		$ 2,173,102
Amortized Cost	[5]	2,173		2,173
Fair Value	[1],[5]	$ 2,167		$ 2,167
Investment, Identifier [Axis]: Lennar Corp, Term Loan, Consumer Durables & Apparel 1
Basis spread on variable rate	[2],[5]	10.80%		10.80%							10.80%	10.80%	10.80%
Principal Amount	[4],[5]	$ 1,872		$ 1,872
Amortized Cost	[5]	1,872		1,872
Fair Value	[1],[5]	$ 1,872		$ 1,872
Investment, Identifier [Axis]: Lennar Corp, Term Loan, Consumer Durables & Apparel 2
Basis spread on variable rate	[2],[5],[6]	10.80%		10.80%							10.80%	10.80%	10.80%
Principal Amount	[4],[5],[6]	$ 892		$ 892
Amortized Cost	[5],[6]	892		892
Fair Value	[1],[5],[6]	$ 892		$ 892
Investment, Identifier [Axis]: MAI Capital Management LLC, Financial Services 1
Basis spread on variable rate	[2]	4.75%		4.75%							4.75%	4.75%	4.75%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 4,193		$ 4,193
Amortized Cost		4,172		4,172
Fair Value	[1]	$ 4,172		$ 4,172
Investment, Identifier [Axis]: MAI Capital Management LLC, Financial Services 1 \| Maximum
Rate, PIK	[2]	2.40%		2.40%							2.40%	2.40%	2.40%
Investment, Identifier [Axis]: MAI Capital Management LLC, Financial Services 2
Basis spread on variable rate	[2],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 926		$ 926
Amortized Cost	[6]	926		926
Fair Value	[1],[6]	$ 922		$ 922
Investment, Identifier [Axis]: MAI Capital Management LLC, Financial Services 3
Basis spread on variable rate	[2],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 2,464		$ 2,464
Amortized Cost	[6]	2,464		2,464
Fair Value	[1],[6]	$ 2,452		$ 2,452
Investment, Identifier [Axis]: MAI Capital Management LLC, Financial Services 3 \| Maximum
Rate, PIK	[2],[6]	2.40%		2.40%							2.40%	2.40%	2.40%
Investment, Identifier [Axis]: Model N Inc, Software & Services 1
Basis spread on variable rate	[2],[3]	5%		5%							5%	5%	5%
Rate, PIK	[2],[3]	0%		0%							0%	0%	0%
Floor	[2],[3]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4]	$ 9,635		$ 9,635
Amortized Cost	[3]	9,587		9,587
Fair Value	[1],[3]	$ 9,628		$ 9,628
Investment, Identifier [Axis]: Model N Inc, Software & Services 1 \| Maximum
Rate, PIK	[2],[3]	3%		3%							3%	3%	3%
Investment, Identifier [Axis]: Model N Inc, Software & Services 2
Basis spread on variable rate	[2],[3],[6]	5%		5%							5%	5%	5%
Floor	[2],[3],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4],[6]	$ 1,049		$ 1,049
Amortized Cost	[3],[6]	1,046		1,046
Fair Value	[1],[3],[6]	$ 1,048		$ 1,048
Investment, Identifier [Axis]: Model N Inc, Software & Services 3
Basis spread on variable rate	[2],[3],[6]	5%		5%							5%	5%	5%
Rate, PIK	[2],[3],[6]	0%		0%							0%	0%	0%
Floor	[2],[3],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4],[6]	$ 1,966		$ 1,966
Amortized Cost	[3],[6]	1,961		1,961
Fair Value	[1],[3],[6]	$ 1,965		$ 1,965
Investment, Identifier [Axis]: Model N Inc, Software & Services 3 \| Maximum
Rate, PIK	[2],[3],[6]	3%		3%							3%	3%	3%
Investment, Identifier [Axis]: Netsmart Technologies Inc, Health Care Equipment & Services 1
Basis spread on variable rate	[2]	4.75%		4.75%							4.75%	4.75%	4.75%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4]	$ 9,927		$ 9,927
Amortized Cost		9,878		9,878
Fair Value	[1]	$ 9,877		$ 9,877
Investment, Identifier [Axis]: Netsmart Technologies Inc, Health Care Equipment & Services 1 \| Maximum
Rate, PIK	[2]	2.30%		2.30%							2.30%	2.30%	2.30%
Investment, Identifier [Axis]: Netsmart Technologies Inc, Health Care Equipment & Services 2
Basis spread on variable rate	[2],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4],[6]	$ 1,323		$ 1,323
Amortized Cost	[6]	1,323		1,323
Fair Value	[1],[6]	$ 1,317		$ 1,317
Investment, Identifier [Axis]: Netsmart Technologies Inc, Health Care Equipment & Services 2 \| Maximum
Rate, PIK	[2],[6]	2.30%		2.30%							2.30%	2.30%	2.30%
Investment, Identifier [Axis]: Netsmart Technologies Inc, Health Care Equipment & Services 3
Basis spread on variable rate	[2],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[6]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4],[6]	$ 1,350		$ 1,350
Amortized Cost	[6]	1,350		1,350
Fair Value	[1],[6]	1,343		1,343
Investment, Identifier [Axis]: Norway_France, ABF Equity, Financial Services
Principal Amount	[4],[5],[7]	803,768		803,768
Amortized Cost	[5],[7]	894		894
Fair Value	[1],[5],[7]	$ 896		$ 896
Investment, Identifier [Axis]: OEConnection LLC, Software & Services 1
Basis spread on variable rate	[2],[3]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[3]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4]	$ 3,681		$ 3,681
Amortized Cost	[3]	3,662		3,662
Fair Value	[1],[3]	$ 3,694		$ 3,694
Investment, Identifier [Axis]: OEConnection LLC, Software & Services 2
Basis spread on variable rate	[2],[3],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[3],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4],[6]	$ 400		$ 400
Amortized Cost	[3],[6]	400		400
Fair Value	[1],[3],[6]	$ 400		$ 400
Investment, Identifier [Axis]: OEConnection LLC, Software & Services 3
Basis spread on variable rate	[2],[3],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[3],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[3],[4],[6]	$ 641		$ 641
Amortized Cost	[3],[6]	640		640
Fair Value	[1],[3],[6]	$ 643		$ 643
Investment, Identifier [Axis]: PRPM 2024-RCF4 LLC, Term Loan, Real Estate Management & Development
Basis spread on variable rate	[2],[5],[9]	4%		4%							4%	4%	4%
Principal Amount	[4],[5],[9]	$ 1,688		$ 1,688
Amortized Cost	[5],[9]	1,379		1,379
Fair Value	[1],[5],[9]	$ 1,420		$ 1,420
Investment, Identifier [Axis]: PRPM 2024-RCF5 LLC, Term Loan, Real Estate Management & Development
Basis spread on variable rate	[2],[5],[9]	4%		4%							4%	4%	4%
Principal Amount	[4],[5],[9]	$ 2,250		$ 2,250
Amortized Cost	[5],[9]	1,888		1,888
Fair Value	[1],[5],[9]	$ 1,906		$ 1,906
Investment, Identifier [Axis]: PSC Group, Transportation 1
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 58		$ 58
Amortized Cost		58		58
Fair Value	[1]	$ 58		$ 58
Investment, Identifier [Axis]: PSC Group, Transportation 2
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 665		$ 665
Amortized Cost		660		660
Fair Value	[1]	$ 667		$ 667
Investment, Identifier [Axis]: PSC Group, Transportation 3
Basis spread on variable rate	[2],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 44		$ 44
Amortized Cost	[6]	44		44
Fair Value	[1],[6]	$ 44		$ 44
Investment, Identifier [Axis]: PSC Group, Transportation 4
Basis spread on variable rate	[2],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 136		$ 136
Amortized Cost	[6]	136		136
Fair Value	[1],[6]	$ 136		$ 136
Investment, Identifier [Axis]: Pretium Partners LLC P1, Structured Mezzanine, Equity Real Estate Investment Trusts (REITs)
Basis spread on variable rate	[2],[5]	2.80%		2.80%							2.80%	2.80%	2.80%
Rate, PIK	[2],[5]	5.30%		5.30%							5.30%	5.30%	5.30%
Principal Amount	[4],[5]	$ 6,203		$ 6,203
Amortized Cost	[5]	5,958		5,958
Fair Value	[1],[5]	$ 6,203		$ 6,203
Investment, Identifier [Axis]: Pretium Partners LLC P1, Structured Mezzanine, Equity Real Estate Investment Trusts (REITs) \| Maximum
Rate, PIK	[2],[5]	5.30%		5.30%							5.30%	5.30%	5.30%
Investment, Identifier [Axis]: Progress Residential 2024-SFR4 Trust, Structured Mezzanine, Real Estate Management & Development
Basis spread on variable rate	[2],[5],[9]	3.40%		3.40%							3.40%	3.40%	3.40%
Principal Amount	[4],[5],[9]	$ 1,875		$ 1,875
Amortized Cost	[5],[9]	1,459		1,459
Fair Value	[1],[5],[9]	$ 1,519		$ 1,519
Investment, Identifier [Axis]: RSC Insurance Brokerage Inc, Insurance 1
Basis spread on variable rate	[2]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 1,976		$ 1,976
Amortized Cost		1,986		1,986
Fair Value	[1]	$ 1,976		$ 1,976
Investment, Identifier [Axis]: RSC Insurance Brokerage Inc, Insurance 2
Basis spread on variable rate	[2]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 2,169		$ 2,169
Amortized Cost		2,180		2,180
Fair Value	[1]	$ 2,169		$ 2,169
Investment, Identifier [Axis]: Rockefeller Capital Management LP, Financial Services
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Floor	[2]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[4]	$ 1,362		$ 1,362
Amortized Cost		1,349		1,349
Fair Value	[1]	$ 1,376		$ 1,376
Investment, Identifier [Axis]: Rosemawr Management LLC, Structured Mezzanine, Utilities
Basis spread on variable rate	[2]	7.30%		7.30%							7.30%	7.30%	7.30%
Principal Amount	[4]	$ 392		$ 392
Amortized Cost		353		353
Fair Value	[1]	$ 357		$ 357
Investment, Identifier [Axis]: Rosemawr Management LLC, Term Loan, Utilities
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Principal Amount	[4]	$ 661		$ 661
Amortized Cost		594		594
Fair Value	[1]	$ 604		$ 604
Investment, Identifier [Axis]: STV Group Inc, Capital Goods 1
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 49		$ 49
Amortized Cost		48		48
Fair Value	[1]	$ 49		$ 49
Investment, Identifier [Axis]: STV Group Inc, Capital Goods 2
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 1,720		$ 1,720
Amortized Cost		1,700		1,700
Fair Value	[1]	$ 1,726		$ 1,726
Investment, Identifier [Axis]: STV Group Inc, Capital Goods 3
Basis spread on variable rate	[2],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 296		$ 296
Amortized Cost	[6]	296		296
Fair Value	[1],[6]	$ 296		$ 296
Investment, Identifier [Axis]: STV Group Inc, Capital Goods 4
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 494		$ 494
Amortized Cost	[6]	492		492
Fair Value	[1],[6]	$ 496		$ 496
Investment, Identifier [Axis]: Service Express Inc, Commercial & Professional Services 1
Basis spread on variable rate	[2],[3]	4.75%		4.75%							4.75%	4.75%	4.75%
Rate, PIK	[2],[3]	0%		0%							0%	0%	0%
Floor	[2],[3]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[3],[4]	$ 12,138		$ 12,138
Amortized Cost	[3]	12,078		12,078
Fair Value	[1],[3]	$ 12,078		$ 12,078
Investment, Identifier [Axis]: Service Express Inc, Commercial & Professional Services 1 \| Maximum
Rate, PIK	[2],[3]	2.40%		2.40%							2.40%	2.40%	2.40%
Investment, Identifier [Axis]: Service Express Inc, Commercial & Professional Services 2
Basis spread on variable rate	[2],[3],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[3],[6]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[3],[4],[6]	$ 1,651		$ 1,651
Amortized Cost	[3],[6]	1,646		1,646
Fair Value	[1],[3],[6]	$ 1,643		$ 1,643
Investment, Identifier [Axis]: Service Express Inc, Commercial & Professional Services 3
Basis spread on variable rate	[2],[3],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Rate, PIK	[2],[3],[6]	0%		0%							0%	0%	0%
Floor	[2],[3],[6]	0.50%		0.50%							0.50%	0.50%	0.50%
Principal Amount	[3],[4],[6]	$ 2,890		$ 2,890
Amortized Cost	[3],[6]	2,890		2,890
Fair Value	[1],[3],[6]	$ 2,876		$ 2,876
Investment, Identifier [Axis]: Service Express Inc, Commercial & Professional Services 3 \| Maximum
Rate, PIK	[2],[3],[6]	2.40%		2.40%							2.40%	2.40%	2.40%
Investment, Identifier [Axis]: Spotless Brands LLC, Consumer Services 1
Basis spread on variable rate	[2]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 24,127		$ 24,127
Amortized Cost		24,127		24,127
Fair Value	[1]	$ 24,174		$ 24,174
Investment, Identifier [Axis]: Spotless Brands LLC, Consumer Services 2
Basis spread on variable rate	[2]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 492		$ 492
Amortized Cost		492		492
Fair Value	[1]	$ 492		$ 492
Investment, Identifier [Axis]: Spotless Brands LLC, Consumer Services 3
Basis spread on variable rate	[2]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 4,514		$ 4,514
Amortized Cost		4,514		4,514
Fair Value	[1]	$ 4,523		$ 4,523
Investment, Identifier [Axis]: Spotless Brands LLC, Consumer Services 4
Basis spread on variable rate	[2],[6]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2],[6]	1%		1%							1%	1%	1%
Principal Amount	[4],[6]	$ 328		$ 328
Amortized Cost	[6]	328		328
Fair Value	[1],[6]	$ 328		$ 328
Investment, Identifier [Axis]: Trinseo Materials Operating SCA / Trinseo Materials Finance Inc, Revolver, Materials 1
Basis spread on variable rate	[2],[3],[5]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[3],[5]	1%		1%							1%	1%	1%
Principal Amount	[3],[4],[5]	$ 7,561		$ 7,561
Amortized Cost	[3],[5]	7,504		7,504
Fair Value	[1],[3],[5]	$ 7,575		$ 7,575
Investment, Identifier [Axis]: Trinseo Materials Operating SCA / Trinseo Materials Finance Inc, Revolver, Materials 2
Basis spread on variable rate	[2],[3],[5],[6]	4.75%		4.75%							4.75%	4.75%	4.75%
Floor	[2],[3],[5],[6]	1%		1%							1%	1%	1%
Principal Amount	[3],[4],[5],[6]	$ 7,561		$ 7,561
Amortized Cost	[3],[5],[6]	7,504		7,504
Fair Value	[1],[3],[5],[6]	$ 7,575		$ 7,575
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 1
Basis spread on variable rate	[2]	5%		5%							5%	5%	5%
Rate, PIK	[2]	0%		0%							0%	0%	0%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 5,004		$ 5,004
Amortized Cost		4,958		4,958
Fair Value	[1]	$ 4,966		$ 4,966
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 1 \| Maximum
Rate, PIK	[2]	3%		3%							3%	3%	3%
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 2
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 613		$ 613
Amortized Cost	[6]	613		613
Fair Value	[1],[6]	$ 609		$ 609
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 2 \| Maximum
Rate, PIK	[2],[6]	3%		3%							3%	3%	3%
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 3
Basis spread on variable rate	[2],[6]	5%		5%							5%	5%	5%
Rate, PIK	[2],[6]	0%		0%							0%	0%	0%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 981		$ 981
Amortized Cost	[6]	981		981
Fair Value	[1],[6]	$ 974		$ 974
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 3 \| Maximum
Rate, PIK	[2],[6]	3%		3%							3%	3%	3%
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 1
Basis spread on variable rate	[2]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 782		$ 782
Amortized Cost		782		782
Fair Value	[1]	$ 782		$ 782
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 2
Basis spread on variable rate	[2]	5.50%		5.50%							5.50%	5.50%	5.50%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 12,645		$ 12,645
Amortized Cost		12,582		12,582
Fair Value	[1]	$ 12,582		$ 12,582
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 3
Basis spread on variable rate	[2]	5.50%		5.50%							5.50%	5.50%	5.50%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 19		$ 19
Amortized Cost		19		19
Fair Value	[1]	$ 19		$ 19
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 4
Basis spread on variable rate	[2],[6]	5.50%		5.50%							5.50%	5.50%	5.50%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 726		$ 726
Amortized Cost	[6]	726		726
Fair Value	[1],[6]	$ 726		$ 726
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 5
Basis spread on variable rate	[2],[6]	5.25%		5.25%							5.25%	5.25%	5.25%
Floor	[2],[6]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4],[6]	$ 828		$ 828
Amortized Cost	[6]	828		828
Fair Value	[1],[6]	$ 828		$ 828
Investment, Identifier [Axis]: VetCor Professional Practices LLC, Health Care Equipment & Services
Basis spread on variable rate	[2]	5.75%		5.75%							5.75%	5.75%	5.75%
Floor	[2]	0.80%		0.80%							0.80%	0.80%	0.80%
Principal Amount	[4]	$ 2,804		$ 2,804
Amortized Cost		2,804		2,804
Fair Value	[1]	$ 2,804		$ 2,804
Investment, Identifier [Axis]: Wealth Enhancement Group LLC, Financial Services 1
Basis spread on variable rate	[2]	5.50%		5.50%							5.50%	5.50%	5.50%
Floor	[2]	1%		1%							1%	1%	1%
Principal Amount	[4]	$ 4,678		$ 4,678
Amortized Cost		4,678		4,678
Fair Value	[1]	$ 4,699		$ 4,699
Investment, Identifier [Axis]: Wealth Enhancement Group LLC, Financial Services 2
Basis spread on variable rate	[2],[6]	5.50%		5.50%							5.50%	5.50%	5.50%
Floor	[2],[6]	1%		1%							1%	1%	1%
Principal Amount	[4],[6]	$ 298		$ 298
Amortized Cost	[6]	298		298
Fair Value	[1],[6]	$ 298		$ 298
Investment, Identifier [Axis]: Woolpert Inc, Capital Goods 1
Basis spread on variable rate	[2],[3]	5%		5%							5%	5%	5%
Floor	[2],[3]	1%		1%							1%	1%	1%
Principal Amount	[3],[4]	$ 167		$ 167
Amortized Cost	[3]	170		170
Fair Value	[1],[3]	$ 167		$ 167
Investment, Identifier [Axis]: Woolpert Inc, Capital Goods 2
Basis spread on variable rate	[2],[3]	5%		5%							5%	5%	5%
Floor	[2],[3]	1%		1%							1%	1%	1%
Principal Amount	[3],[4]	$ 6,241		$ 6,241
Amortized Cost	[3]	6,242		6,242
Fair Value	[1],[3]	$ 6,257		$ 6,257
Investment, Identifier [Axis]: Woolpert Inc, Capital Goods 3
Basis spread on variable rate	[2],[3],[6]	5%		5%							5%	5%	5%
Floor	[2],[3],[6]	1%		1%							1%	1%	1%
Principal Amount	[3],[4],[6]	$ 761		$ 761
Amortized Cost	[3],[6]	761		761
Fair Value	[1],[3],[6]	$ 761		$ 761
Investment, Identifier [Axis]: Woolpert Inc, Capital Goods 4
Basis spread on variable rate	[2],[3],[6]	5%		5%							5%	5%	5%
Floor	[2],[3],[6]	1%		1%							1%	1%	1%
Principal Amount	[3],[4],[6]	$ 1,559		$ 1,559
Amortized Cost	[3],[6]	1,559		1,559
Fair Value	[1],[3],[6]	$ 1,562		$ 1,562

[1]See Note 8 for additional information regarding the fair value of the Company’s financial instruments[2] Certain variable rate securities in the Company’s portfolio bear interest at a rate determined by a publicly disclosed base rate plus a basis point spread. As of September 30, 2024, the Secured Overnight Financing Rate, or SOFR or “SF”, was 4.59%, the Sterling Overnight Index Average, or SONIA or “SA”, was 4.82% and the Euro Interbank Offered Rate, or EURIBOR or “E”, was 3.28%. PIK means paid-in-kind. PIK income accruals may be adjusted based on the performance of the underlying investment. Variable rate securities with no floor rate use the respective benchmark rate in all cases. Position or portion thereof unsettled as of September 30, 2024. Denominated in U.S. dollars unless otherwise noted. The investment, or portion of the investment is not a qualifying asset under the Investment Company Act of 1940, as amended, or the 1940 Act. A business development company, or BDC, may not acquire any asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70% of the company’s total assets. As of September 30, 2024, 86.4% of the Company’s total assets represented qualifying assets. Security is an unfunded commitment. Reflects the stated spread at the time of commitment, but may not be the actual rate received upon funding. Security is non-income producing. Under the Investment Company Act of 1940, as amended, the Company generally is deemed to be an “affiliated person” of a portfolio company if it owns 5% or more of the portfolio company’s voting securities and is generally deemed to “control” a portfolio company if it owns more than 25% of the portfolio company’s voting securities or it has the power to exercise control over the management or policies of such portfolio company. As of September 30, 2024, the Company held investments in portfolio companies of which it is deemed to be an “affiliated person” and deemed to “control”. The following table presents certain information with respect to investments in portfolio companies of which the Company was deemed to be an affiliated person and deemed to control as of September 30, 2024: Portfolio Company Fair Value at December 31, 2023 Gross Additions (1) Gross Reductions (2) Net Realized Gain (Loss) Net Change in Unrealized Appreciation (Depreciation) Fair Value at September 30, 2024 Interest Income (3) Fee Income (3) Dividend and Other Income (3) Asset Based Finance Discover Financial Services, ABF Equity $ — $ 194 $ — $ — $ — $ 194 $ — $ — $ — Discover Financial Services, Subordinated Loan — 360 — — — 360 — — — Total $ — $ 554 $ — $ — $ — $ 554 $ — $ — $ — __________ (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Interest, fee and dividend and other income presented for the full nine months ended September 30, 2024. Security is classified as Level 1 or Level 2 in the Company’s fair value hierarchy (see Note 8).

Unaudited Schedule of Investm_2

Unaudited Schedule of Investments (Parenthetical) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)		Sep. 30, 2024 USD ($)
Percent of net assets	106.60%	[1],[2]	106.60%	[1],[2]
Other assets in excess of liabilities percentage	(6.60%)	[1],[2]	(6.60%)	[1],[2]
Variable rate	3.28%		3.28%
Asset Based Finance
Beginning balance			$ 0
Net change in unrealized appreciation (depreciation) on investments:	$ 990		1,209
Ending balance	277,474	[3]	277,474	[3]
Fee Income	711		848
Controlled/affiliated investments
Asset Based Finance
Beginning balance			0
Ending balance	$ 554		$ 554
Assets, Total \| Qualifying Assets Concentration Risk \| Total
Percentage of Portfolio			86.40%
SOFR
Variable rate	4.59%		4.59%
Sterling Overnight Index Average,
Variable rate	4.82%		4.82%
Net Senior Secured Loans—First Lien
Percent of net assets	90%		90%
Asset Based Finance
Ending balance	$ 234,324	[3]	$ 234,324	[3]
Asset Based Finance
Percent of net assets	16.60%		16.60%
Qualifying assets as a percent of total assets	100%		100%
Asset Based Finance
Ending balance	$ 43,150	[3]	$ 43,150	[3]
Asset Based Finance \| Controlled/affiliated investments
Asset Based Finance
Beginning balance			0
Gross Additions			554	[4]
Gross Reductions			0	[5]
Net Realized Gain (Loss)			0
Net change in unrealized appreciation (depreciation) on investments:			0
Ending balance	554		554
Interest Income			0
Fee Income			0	[6]
Dividend and Other Income			0	[6]
Investment, Identifier [Axis]: Advanced Dermatology & Cosmetic Surgery, Health Care Equipment & Services
Asset Based Finance
Ending balance	4,135	[3],[7]	4,135	[3],[7]
Investment, Identifier [Axis]: Affordable Care Inc, Health Care Equipment & Services
Asset Based Finance
Ending balance	8,238	[3]	8,238	[3]
Investment, Identifier [Axis]: Alera Group Intermediate Holdings Inc,, Insurance
Asset Based Finance
Ending balance	8,319	[3]	8,319	[3]
Investment, Identifier [Axis]: Amerivet Partners Management Inc, Health Care Equipment & Services
Asset Based Finance
Ending balance	6,616	[3]	6,616	[3]
Investment, Identifier [Axis]: Ardonagh Group Ltd/The, Insurance
Asset Based Finance
Ending balance	696	[3],[8]	696	[3],[8]
Investment, Identifier [Axis]: Area Wide Protective Inc, Commercial & Professional Services 1
Asset Based Finance
Ending balance	795	[3]	795	[3]
Investment, Identifier [Axis]: Area Wide Protective Inc, Commercial & Professional Services 2
Asset Based Finance
Ending balance	2,437	[3]	2,437	[3]
Investment, Identifier [Axis]: Area Wide Protective Inc, Commercial & Professional Services 3
Asset Based Finance
Ending balance	3,655	[3],[9]	3,655	[3],[9]
Investment, Identifier [Axis]: Auxilior Capital Partners Inc, Preferred Equity, Financial Services
Asset Based Finance
Ending balance	811	[3]	811	[3]
Investment, Identifier [Axis]: Avetta LLC, Software & Services 1
Asset Based Finance
Ending balance	4,190	[3]	4,190	[3]
Investment, Identifier [Axis]: Avetta LLC, Software & Services 2
Asset Based Finance
Ending balance	733	[3],[9]	733	[3],[9]
Investment, Identifier [Axis]: Avetta LLC, Software & Services 3
Asset Based Finance
Ending balance	1,026	[3],[9]	1,026	[3],[9]
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 1
Asset Based Finance
Ending balance	10,569	[3]	10,569	[3]
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 2
Asset Based Finance
Ending balance	881	[3]	881	[3]
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 3
Asset Based Finance
Ending balance	2,642	[3],[9]	2,642	[3],[9]
Investment, Identifier [Axis]: CLEAResult Consulting Inc, Commercial & Professional Services 4
Asset Based Finance
Ending balance	881	[3],[9]	881	[3],[9]
Investment, Identifier [Axis]: CSafe Global, Transportation 1
Asset Based Finance
Ending balance	7,296	[3]	7,296	[3]
Investment, Identifier [Axis]: CSafe Global, Transportation 2
Asset Based Finance
Ending balance	1,309	[3]	1,309	[3]
Investment, Identifier [Axis]: CSafe Global, Transportation 3
Asset Based Finance
Ending balance	561	[3]	561	[3]
Investment, Identifier [Axis]: CSafe Global, Transportation 4
Asset Based Finance
Ending balance	158	[3],[9]	158	[3],[9]
Investment, Identifier [Axis]: Cadence Education LLC, Consumer Services 1
Asset Based Finance
Ending balance	192	[3]	192	[3]
Investment, Identifier [Axis]: Cadence Education LLC, Consumer Services 2
Asset Based Finance
Ending balance	2,304	[3]	2,304	[3]
Investment, Identifier [Axis]: Cadence Education LLC, Consumer Services 3
Asset Based Finance
Ending balance	353	[3],[9]	353	[3],[9]
Investment, Identifier [Axis]: Cadence Education LLC, Consumer Services 4
Asset Based Finance
Ending balance	408	[3],[9]	408	[3],[9]
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 1
Asset Based Finance
Ending balance	1,946	[3]	1,946	[3]
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 2
Asset Based Finance
Ending balance	79	[3]	79	[3]
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 3
Asset Based Finance
Ending balance	538	[3]	538	[3]
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 4
Asset Based Finance
Ending balance	437	[3],[9]	437	[3],[9]
Investment, Identifier [Axis]: Carrier Fire Protection, Commercial & Professional Services 5
Asset Based Finance
Ending balance	517	[3],[9]	517	[3],[9]
Investment, Identifier [Axis]: Community Brands Inc, Software & Services 1
Asset Based Finance
Ending balance	5,155	[3]	5,155	[3]
Investment, Identifier [Axis]: Community Brands Inc, Software & Services 2
Asset Based Finance
Ending balance	566	[3],[9]	566	[3],[9]
Investment, Identifier [Axis]: Community Brands Inc, Software & Services 3
Asset Based Finance
Ending balance	1,452	[3],[9]	1,452	[3],[9]
Investment, Identifier [Axis]: Dental365 LLC, Health Care Equipment & Services 1
Asset Based Finance
Ending balance	157	[3],[7]	157	[3],[7]
Investment, Identifier [Axis]: Dental365 LLC, Health Care Equipment & Services 2
Asset Based Finance
Ending balance	9,239	[3],[7]	9,239	[3],[7]
Investment, Identifier [Axis]: Dental365 LLC, Health Care Equipment & Services 3
Asset Based Finance
Ending balance	1,802	[3],[7],[9]	1,802	[3],[7],[9]
Investment, Identifier [Axis]: Dental365 LLC, Health Care Equipment & Services 4
Asset Based Finance
Ending balance	4,380	[3],[7],[9]	4,380	[3],[7],[9]
Investment, Identifier [Axis]: Discover Financial Services, ABF Equity
Asset Based Finance
Beginning balance			0
Gross Additions			194	[4]
Gross Reductions			0	[5]
Net Realized Gain (Loss)			0
Net change in unrealized appreciation (depreciation) on investments:			0
Ending balance	194		194
Interest Income			0
Fee Income			0	[6]
Dividend and Other Income			0	[6]
Investment, Identifier [Axis]: Discover Financial Services, ABF Equity, Financial Services
Asset Based Finance
Ending balance	194	[3],[8],[10],[11]	194	[3],[8],[10],[11]
Investment, Identifier [Axis]: Discover Financial Services, Subordinated Loan
Asset Based Finance
Beginning balance			0
Gross Additions			360	[4]
Gross Reductions			0	[5]
Net Realized Gain (Loss)			0
Net change in unrealized appreciation (depreciation) on investments:			0
Ending balance	360		360
Interest Income			0
Fee Income			0	[6]
Dividend and Other Income			0	[6]
Investment, Identifier [Axis]: Discover Financial Services, Subordinated Loan, Financial Services 1
Asset Based Finance
Ending balance	360	[3],[8],[11]	360	[3],[8],[11]
Investment, Identifier [Axis]: Discover Financial Services, Subordinated Loan, Financial Services 2
Asset Based Finance
Ending balance	2,559	[3],[8],[9],[11]	2,559	[3],[8],[9],[11]
Investment, Identifier [Axis]: DuBois Chemicals Inc, Materials 1
Asset Based Finance
Ending balance	11,334	[3]	11,334	[3]
Investment, Identifier [Axis]: DuBois Chemicals Inc, Materials 2
Asset Based Finance
Ending balance	1,895	[3],[9]	1,895	[3],[9]
Investment, Identifier [Axis]: DuBois Chemicals Inc, Materials 3
Asset Based Finance
Ending balance	1,894	[3],[9]	1,894	[3],[9]
Investment, Identifier [Axis]: EFMT 2024-INV1, Term Loan, Real Estate Management & Development
Asset Based Finance
Ending balance	3,740	[1],[3],[8]	3,740	[1],[3],[8]
Investment, Identifier [Axis]: Excelitas Technologies Corp, Technology Hardware & Equipment
Asset Based Finance
Ending balance	5,471	[3],[7]	5,471	[3],[7]
Investment, Identifier [Axis]: FIGRE Trust 2024-HE3, Term Loan, Real Estate Management & Development
Asset Based Finance
Ending balance	1,183	[1],[3],[8]	1,183	[1],[3],[8]
Investment, Identifier [Axis]: Galway Partners Holdings LLC, Insurance 1
Asset Based Finance
Ending balance	241	[3],[7]	241	[3],[7]
Investment, Identifier [Axis]: Galway Partners Holdings LLC, Insurance 2
Asset Based Finance
Ending balance	8,116	[3]	8,116	[3]
Investment, Identifier [Axis]: Galway Partners Holdings LLC, Insurance 3
Asset Based Finance
Ending balance	677	[3],[7],[9]	677	[3],[7],[9]
Investment, Identifier [Axis]: Gigamon Inc, Software & Services
Asset Based Finance
Ending balance	4,134	[3]	4,134	[3]
Investment, Identifier [Axis]: Global Lending Services LLC, ABF Equity, Financial Services
Asset Based Finance
Ending balance	1,884	[3],[8],[10]	1,884	[3],[8],[10]
Investment, Identifier [Axis]: HOMES 2024-AFC1 Trust, Structured Mezzanine, Real Estate Management & Development
Asset Based Finance
Ending balance	1,109	[1],[3],[8]	1,109	[1],[3],[8]
Investment, Identifier [Axis]: Homeward Opportunities Fund Trust 2024-RRTL2, Real Estate Management & Development
Asset Based Finance
Ending balance	4,766	[1],[3],[8]	4,766	[1],[3],[8]
Investment, Identifier [Axis]: Insightsoftware.Com Inc, Software & Services 1
Asset Based Finance
Ending balance	694	[3]	694	[3]
Investment, Identifier [Axis]: Insightsoftware.Com Inc, Software & Services 2
Asset Based Finance
Ending balance	29	[3]	29	[3]
Investment, Identifier [Axis]: Insightsoftware.Com Inc, Software & Services 3
Asset Based Finance
Ending balance	293	[3],[9]	293	[3],[9]
Investment, Identifier [Axis]: Insightsoftware.Com Inc, Software & Services 4
Asset Based Finance
Ending balance	193	[3],[9]	193	[3],[9]
Investment, Identifier [Axis]: Integrity Marketing Group LLC, Insurance
Asset Based Finance
Ending balance	10,561	[3],[7]	10,561	[3],[7]
Investment, Identifier [Axis]: Karman Space Inc, Capital Goods
Asset Based Finance
Ending balance	4,270	[3]	4,270	[3]
Investment, Identifier [Axis]: LHOME Mortgage Trust 2024-RTL4, Real Estate Management & Development
Asset Based Finance
Ending balance	4,570	[1],[3],[8]	4,570	[1],[3],[8]
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 1
Asset Based Finance
Ending balance	5,049	[3]	5,049	[3]
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 2
Asset Based Finance
Ending balance	594	[3],[9]	594	[3],[9]
Investment, Identifier [Axis]: Legends Hospitality LLC, Consumer Services 3
Asset Based Finance
Ending balance	297	[3],[9]	297	[3],[9]
Investment, Identifier [Axis]: Lennar Corp, ABF Equity, Consumer Durables & Apparel
Asset Based Finance
Ending balance	2,167	[3],[8]	2,167	[3],[8]
Investment, Identifier [Axis]: Lennar Corp, Term Loan, Consumer Durables & Apparel 1
Asset Based Finance
Ending balance	1,872	[3],[8]	1,872	[3],[8]
Investment, Identifier [Axis]: Lennar Corp, Term Loan, Consumer Durables & Apparel 2
Asset Based Finance
Ending balance	892	[3],[8],[9]	892	[3],[8],[9]
Investment, Identifier [Axis]: MAI Capital Management LLC, Financial Services 1
Asset Based Finance
Ending balance	4,172	[3]	4,172	[3]
Investment, Identifier [Axis]: MAI Capital Management LLC, Financial Services 2
Asset Based Finance
Ending balance	922	[3],[9]	922	[3],[9]
Investment, Identifier [Axis]: MAI Capital Management LLC, Financial Services 3
Asset Based Finance
Ending balance	2,452	[3],[9]	2,452	[3],[9]
Investment, Identifier [Axis]: Model N Inc, Software & Services 1
Asset Based Finance
Ending balance	9,628	[3],[7]	9,628	[3],[7]
Investment, Identifier [Axis]: Model N Inc, Software & Services 2
Asset Based Finance
Ending balance	1,048	[3],[7],[9]	1,048	[3],[7],[9]
Investment, Identifier [Axis]: Model N Inc, Software & Services 3
Asset Based Finance
Ending balance	1,965	[3],[7],[9]	1,965	[3],[7],[9]
Investment, Identifier [Axis]: Netsmart Technologies Inc, Health Care Equipment & Services 1
Asset Based Finance
Ending balance	9,877	[3]	9,877	[3]
Investment, Identifier [Axis]: Netsmart Technologies Inc, Health Care Equipment & Services 2
Asset Based Finance
Ending balance	1,317	[3],[9]	1,317	[3],[9]
Investment, Identifier [Axis]: Netsmart Technologies Inc, Health Care Equipment & Services 3
Asset Based Finance
Ending balance	1,343	[3],[9]	1,343	[3],[9]
Investment, Identifier [Axis]: Norway_France, ABF Equity, Financial Services
Asset Based Finance
Ending balance	896	[3],[8],[10]	896	[3],[8],[10]
Investment, Identifier [Axis]: OEConnection LLC, Software & Services 1
Asset Based Finance
Ending balance	3,694	[3],[7]	3,694	[3],[7]
Investment, Identifier [Axis]: OEConnection LLC, Software & Services 2
Asset Based Finance
Ending balance	400	[3],[7],[9]	400	[3],[7],[9]
Investment, Identifier [Axis]: OEConnection LLC, Software & Services 3
Asset Based Finance
Ending balance	643	[3],[7],[9]	643	[3],[7],[9]
Investment, Identifier [Axis]: PRPM 2024-RCF4 LLC, Term Loan, Real Estate Management & Development
Asset Based Finance
Ending balance	1,420	[1],[3],[8]	1,420	[1],[3],[8]
Investment, Identifier [Axis]: PRPM 2024-RCF5 LLC, Term Loan, Real Estate Management & Development
Asset Based Finance
Ending balance	1,906	[1],[3],[8]	1,906	[1],[3],[8]
Investment, Identifier [Axis]: PSC Group, Transportation 1
Asset Based Finance
Ending balance	58	[3]	58	[3]
Investment, Identifier [Axis]: PSC Group, Transportation 2
Asset Based Finance
Ending balance	667	[3]	667	[3]
Investment, Identifier [Axis]: PSC Group, Transportation 3
Asset Based Finance
Ending balance	44	[3],[9]	44	[3],[9]
Investment, Identifier [Axis]: PSC Group, Transportation 4
Asset Based Finance
Ending balance	136	[3],[9]	136	[3],[9]
Investment, Identifier [Axis]: Pretium Partners LLC P1, Structured Mezzanine, Equity Real Estate Investment Trusts (REITs)
Asset Based Finance
Ending balance	6,203	[3],[8]	6,203	[3],[8]
Investment, Identifier [Axis]: Progress Residential 2024-SFR4 Trust, Structured Mezzanine, Real Estate Management & Development
Asset Based Finance
Ending balance	1,519	[1],[3],[8]	1,519	[1],[3],[8]
Investment, Identifier [Axis]: RSC Insurance Brokerage Inc, Insurance 1
Asset Based Finance
Ending balance	1,976	[3]	1,976	[3]
Investment, Identifier [Axis]: RSC Insurance Brokerage Inc, Insurance 2
Asset Based Finance
Ending balance	2,169	[3]	2,169	[3]
Investment, Identifier [Axis]: Rockefeller Capital Management LP, Financial Services
Asset Based Finance
Ending balance	1,376	[3]	1,376	[3]
Investment, Identifier [Axis]: Rosemawr Management LLC, Structured Mezzanine, Utilities
Asset Based Finance
Ending balance	357	[3]	357	[3]
Investment, Identifier [Axis]: Rosemawr Management LLC, Term Loan, Utilities
Asset Based Finance
Ending balance	604	[3]	604	[3]
Investment, Identifier [Axis]: STV Group Inc, Capital Goods 1
Asset Based Finance
Ending balance	49	[3]	49	[3]
Investment, Identifier [Axis]: STV Group Inc, Capital Goods 2
Asset Based Finance
Ending balance	1,726	[3]	1,726	[3]
Investment, Identifier [Axis]: STV Group Inc, Capital Goods 3
Asset Based Finance
Ending balance	296	[3],[9]	296	[3],[9]
Investment, Identifier [Axis]: STV Group Inc, Capital Goods 4
Asset Based Finance
Ending balance	496	[3],[9]	496	[3],[9]
Investment, Identifier [Axis]: Service Express Inc, Commercial & Professional Services 1
Asset Based Finance
Ending balance	12,078	[3],[7]	12,078	[3],[7]
Investment, Identifier [Axis]: Service Express Inc, Commercial & Professional Services 2
Asset Based Finance
Ending balance	1,643	[3],[7],[9]	1,643	[3],[7],[9]
Investment, Identifier [Axis]: Service Express Inc, Commercial & Professional Services 3
Asset Based Finance
Ending balance	2,876	[3],[7],[9]	2,876	[3],[7],[9]
Investment, Identifier [Axis]: Spotless Brands LLC, Consumer Services 1
Asset Based Finance
Ending balance	24,174	[3]	24,174	[3]
Investment, Identifier [Axis]: Spotless Brands LLC, Consumer Services 2
Asset Based Finance
Ending balance	492	[3]	492	[3]
Investment, Identifier [Axis]: Spotless Brands LLC, Consumer Services 3
Asset Based Finance
Ending balance	4,523	[3]	4,523	[3]
Investment, Identifier [Axis]: Spotless Brands LLC, Consumer Services 4
Asset Based Finance
Ending balance	328	[3],[9]	328	[3],[9]
Investment, Identifier [Axis]: Trinseo Materials Operating SCA / Trinseo Materials Finance Inc, Revolver, Materials 1
Asset Based Finance
Ending balance	7,575	[3],[7],[8]	7,575	[3],[7],[8]
Investment, Identifier [Axis]: Trinseo Materials Operating SCA / Trinseo Materials Finance Inc, Revolver, Materials 2
Asset Based Finance
Ending balance	7,575	[3],[7],[8],[9]	7,575	[3],[7],[8],[9]
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 1
Asset Based Finance
Ending balance	4,966	[3]	4,966	[3]
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 2
Asset Based Finance
Ending balance	609	[3],[9]	609	[3],[9]
Investment, Identifier [Axis]: Turnpoint Services Inc, Capital Goods 3
Asset Based Finance
Ending balance	974	[3],[9]	974	[3],[9]
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 1
Asset Based Finance
Ending balance	782	[3]	782	[3]
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 2
Asset Based Finance
Ending balance	12,582	[3]	12,582	[3]
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 3
Asset Based Finance
Ending balance	19	[3]	19	[3]
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 4
Asset Based Finance
Ending balance	726	[3],[9]	726	[3],[9]
Investment, Identifier [Axis]: USIC Holdings Inc, Commercial & Professional Services 5
Asset Based Finance
Ending balance	828	[3],[9]	828	[3],[9]
Investment, Identifier [Axis]: VetCor Professional Practices LLC, Health Care Equipment & Services
Asset Based Finance
Ending balance	2,804	[3]	2,804	[3]
Investment, Identifier [Axis]: Wealth Enhancement Group LLC, Financial Services 1
Asset Based Finance
Ending balance	4,699	[3]	4,699	[3]
Investment, Identifier [Axis]: Wealth Enhancement Group LLC, Financial Services 2
Asset Based Finance
Ending balance	298	[3],[9]	298	[3],[9]
Investment, Identifier [Axis]: Woolpert Inc, Capital Goods 1
Asset Based Finance
Ending balance	167	[3],[7]	167	[3],[7]
Investment, Identifier [Axis]: Woolpert Inc, Capital Goods 2
Asset Based Finance
Ending balance	6,257	[3],[7]	6,257	[3],[7]
Investment, Identifier [Axis]: Woolpert Inc, Capital Goods 3
Asset Based Finance
Ending balance	761	[3],[7],[9]	761	[3],[7],[9]
Investment, Identifier [Axis]: Woolpert Inc, Capital Goods 4
Asset Based Finance
Ending balance	$ 1,562	[3],[7],[9]	$ 1,562	[3],[7],[9]

[1] Security is classified as Level 1 or Level 2 in the Company’s fair value hierarchy (see Note 8). Security may be an obligation of one or more entities affiliated with the named company. Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. Interest, fee and dividend and other income presented for the full nine months ended September 30, 2024. Position or portion thereof unsettled as of September 30, 2024. The investment, or portion of the investment is not a qualifying asset under the Investment Company Act of 1940, as amended, or the 1940 Act. A business development company, or BDC, may not acquire any asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70% of the company’s total assets. As of September 30, 2024, 86.4% of the Company’s total assets represented qualifying assets. Security is an unfunded commitment. Reflects the stated spread at the time of commitment, but may not be the actual rate received upon funding. Security is non-income producing. Under the Investment Company Act of 1940, as amended, the Company generally is deemed to be an “affiliated person” of a portfolio company if it owns 5% or more of the portfolio company’s voting securities and is generally deemed to “control” a portfolio company if it owns more than 25% of the portfolio company’s voting securities or it has the power to exercise control over the management or policies of such portfolio company. As of September 30, 2024, the Company held investments in portfolio companies of which it is deemed to be an “affiliated person” and deemed to “control”. The following table presents certain information with respect to investments in portfolio companies of which the Company was deemed to be an affiliated person and deemed to control as of September 30, 2024: Portfolio Company Fair Value at December 31, 2023 Gross Additions (1) Gross Reductions (2) Net Realized Gain (Loss) Net Change in Unrealized Appreciation (Depreciation) Fair Value at September 30, 2024 Interest Income (3) Fee Income (3) Dividend and Other Income (3) Asset Based Finance Discover Financial Services, ABF Equity $ — $ 194 $ — $ — $ — $ 194 $ — $ — $ — Discover Financial Services, Subordinated Loan — 360 — — — 360 — — — Total $ — $ 554 $ — $ — $ — $ 554 $ — $ — $ — __________ (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Interest, fee and dividend and other income presented for the full nine months ended September 30, 2024.

Principal Business and Organiza

Principal Business and Organization	9 Months Ended
Principal Business and Organization	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principal Business and Organization	Principal Business and Organization KKR FS Income Trust Select, or the Company, is a specialty finance company, organized on April 19, 2023 as a Delaware statutory trust, that seeks to invest primarily in the debt securities of private middle market U.S. companies. The Company is externally managed by FS/KKR Advisor, LLC, or the Adviser, pursuant to an amended and restated investment advisory agreement, or the Advisory Agreement. The Adviser also performs, or oversees the performance of, the Company’s corporate operations and required administrative services pursuant to the terms of an administration agreement, or the Administration Agreement . The Company’s investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Company is an externally managed, non-diversified, closed-end management investment company that, on February 20, 2024, elected to be regulated as a BDC under the 1940 Act. The Company intends to elect to be treated for U.S. federal income tax purposes, and intends to qualify annually thereafter, as a regulated investment company, or a RIC, under the Internal Revenue Code of 1986, as amended, or the Code.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation : The accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, for interim financial information and with the instructions for Form 10-Q and Articles 6, 10 and 12 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For a more complete discussion of significant accounting policies and certain other information, the Company’s interim unaudited financial statements should be read in conjunction with its audited financial statements as of and for the period from April 19, 2023 (date of formation) to December 31, 2023 included in Amendment No. 1 to the Company’s Registration Statement on Form 10, filed with the U.S. Securities and Exchange Commission, or the SEC, on March 1, 2024, or the Form 10. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. The December 31, 2023 statement of assets and liabilities is derived from the Company’s audited financial statements as of and for the period ended December 31, 2023. The Company is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies under Financial Accounting Standards Board, or FASB, Accounting Standards Codification Topic 946, Financial Services—Investment Companies . Use of Estimates: The preparation of the unaudited financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents: The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. All cash balances are maintained with high credit quality financial institutions, which are members of the Federal Deposit Insurance Corporation. Organizational and Offering: Organizational and offering costs will only be borne by the Company upon the initial issuance of the Class S common shares of beneficial interest, or the Common Shares, or the Class S shares, to non-affiliated investors in the Company’s monthly closings for the Company’s continuous private offering of its Common Shares, or the Private Offering, in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended, or the Securities Act, including the exemption provided by Section 4(a)(2) of the Securities Act and Regulation D promulgated thereunder, Regulation S under the Securities Act and other exemptions from the registration requirements of the Securities Act. At such time, costs associated with the organization of the Company will be expensed. These expenses consist primarily of legal fees, audit fees and other costs of organizing the Company. In no event will the Company bear in excess of $1.5 million in organizational expenses; the Adviser has agreed to be responsible for any organizational expenses in excess of $1.5 million. Costs associated with the offering of Common Shares will be capitalized as deferred offering expenses and included as prepaid and other assets on the statement of assets and liabilities and eligible to be amortized over a twelve-month period. As of September 30, 2024 and December 31, 2023, the Adviser has paid $2,140 and $1,026, respectively, in organizational and offering expenses, and will be subject to reimbursement as described above. The Company has no obligation to reimburse the Adviser for organizational and offering costs until the initial issuance of the Company’s Common Shares to non-affiliated investors in the monthly closings for the Company’s Private Offering. Subordinated Income Incentive Fee: Pursuant to the terms of the Advisory Agreement, the Adviser may be entitled to receive a subordinated incentive fee on income. The subordinated incentive fee on income under the Advisory Agreement, which is calculated and payable quarterly in arrears commencing with the first full calendar quarter after the date of the Company’s election to be regulated as a BDC under the 1940 Act on February 20, 2024, or the BDC Election Date, equals 12.5% of the Company’s “pre-incentive fee net investment income” for the immediately preceding quarter (or portion thereof with respect to the quarter in which the BDC Election Date occurs) and is subject to a hurdle rate, expressed as a rate of return on the value of the Company’s net assets, equal to 1.25% per quarter, or an annualized hurdle rate of 5.0%. As a result, the Adviser will not earn this incentive fee for any quarter until the Company’s pre-incentive fee net investment income for such quarter exceeds the hurdle rate of 1.25%. Once the Company’s pre-incentive fee net investment income in any quarter exceeds the hurdle rate, the Adviser will be entitled to a “catch-up” fee equal to the amount of the pre-incentive fee net investment income in excess of the hurdle rate, until the Company’s pre-incentive fee net investment income for such quarter equals 1.43%, or 5.72% annually, of net assets. Thereafter, the Adviser will be entitled to receive 12.5% of pre-incentive fee net investment income. The Adviser has agreed to waive the Company’s base management fee and subordinated incentive fee on income through March 31, 2025. Capital Gains Incentive Fee: Pursuant to the terms of the Advisory Agreement, the incentive fee on capital gains is determined and payable in arrears as of the end of each calendar year (or upon termination of the Advisory Agreement) commencing with the end of the first calendar year in which the BDC Election Date occurs. This fee equals 12.5% of the Company’s incentive fee capital gains, which equals the Company’s realized capital gains on a cumulative basis from the BDC Election Date, calculated as of the end of the applicable period, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis from the BDC Election Date, less the aggregate amount of any capital gain incentive fees previously paid by the Company. On a quarterly basis, the Company accrues for the capital gains incentive fee by calculating such fee as if it were due and payable as of the end of such period. The Company includes unrealized gains in the calculation of the capital gains incentive fee expense and related accrued capital gains incentive fee. This accrual reflects the incentive fees that would be payable to the Adviser if the Company’s entire portfolio was liquidated at its fair value as of the balance sheet date even though the Adviser is not entitled to an incentive fee with respect to unrealized gains unless and until such gains are actually realized. Revenue Recognition : Security transactions are accounted for on the trade date. The Company records interest income on an accrual basis to the extent that it expects to collect such amounts. The Company records dividend income on the ex-dividend date. Distributions received from limited liability company, or LLC, and limited partnership, or LP, investments are evaluated to determine if the distribution should be recorded as dividend income or a return of capital. The Company does not accrue as a receivable interest or dividends on loans and securities if it has reason to doubt its ability to collect such income. The Company’s policy is to place investments on non-accrual status when there is reasonable doubt that interest income will be collected. The Company considers many factors relevant to an investment when placing it on or removing it from non-accrual status including, but not limited to, the delinquency status of the investment, economic and business conditions, the overall financial condition of the underlying investment, the value of the underlying collateral, bankruptcy status, if any, and any other facts or circumstances relevant to the investment. If there is reasonable doubt that the Company will receive any previously accrued interest, then the accrued interest will be written-off. Payments received on non-accrual investments may be recognized as income or applied to principal depending upon the collectability of the remaining principal and interest. Non-accrual investments may be restored to accrual status when principal and interest become current and are likely to remain current based on the Company’s judgment. Loan origination fees, original issue discount and market discount are capitalized and the Company accretes such amounts as interest income over the respective term of the loan or security. Upon the prepayment of a loan or security, any unamortized loan origination fees and original issue discount are recorded as interest income. Structuring and other non-recurring upfront fees are recorded as fee income when earned. For the nine months ended September 30, 2024 , the Company recognized $608 in structuring fee revenue. The Company records prepayment premiums on loans and securities as fee income when it receives such amounts. Income Taxes: The Company intends to elect to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a RIC under Subchapter M of the Code. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements and distribute to its stockholders, for each taxable year, at least 90% of its “investment company taxable income,” which is generally the Company’s net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses. As a RIC, the Company will not have to pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes to its stockholders. The Company intends to make distributions in an amount sufficient to qualify for and maintain its RIC status each year and to not pay any federal income taxes on income so distributed. The Company will also be subject to nondeductible federal excise taxes if it does not distribute 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.

Share Transactions

Share Transactions	9 Months Ended
Share Transactions	Sep. 30, 2024
Equity [Abstract]
Share Transactions	Share Transactions Below is a summary of transactions with respect to shares of the Company’s Common Shares during the nine months ended September 30, 2024: Nine Months Ended September 30, 2024 Shares Amount Gross Proceeds from Offering 10,184,722 $ 257,164 Reinvestment of Distributions 82,862 2,100 Share Repurchase Program — — Net Proceeds from Share Transactions 10,267,584 $ 259,264 Status of Continuous Private Offering The Company is conducting the continuous Private Offering in reliance on exemptions from the registration requirements of the Securities Act, including the exemption provided by Section 4(a)(2) of the Securities Act and Regulation D promulgated thereunder, Regulation S under the Securities Act and other exemptions from the registration requirements of the Securities Act. In connection with the Private Offering, the Company has entered into, and expects to continue to enter into, subscription agreements with investors. An investor will make a capital contribution pursuant to such subscription agreement and will become a common shareholder in the Company bound by the terms of the subscription agreement and the Company’s organizational documents. As of September 30, 2024, the Company has issued 10,267,624 Class S shares in the Private Offering for gross proceeds of $259,265, including Class S shares issued under its distribution reinvestment plan. Of the 10,267,624 Class S shares issued in the Private Offering, 2,393,528 shares were issued to investors with capital commitments to the Company in exchange for an aggregate of $60,000 in capital contributions. As of September 30, 2024, the Company had received capital commitments of $60,000 from investors in the Private Offering, all of which has been called for funding. The Company intends to continue selling Class S shares in the Private Offering on a monthly basis. During the nine months ended September 30, 2024, the Company issued 10,267,584 Class S shares for gross proceeds of $259,264 at an average price per share of $25.25. The gross proceeds received during the nine months ended September 30, 2024 include reinvested shareholder distributions of $2,100 for which the Company issued 82,862 Class S shares under its distribution reinvestment plan. During the period from October 1, 2024 to October 31, 2024, the Company issued 1,350,797 Class S shares for gross proceeds of $34,269 at an average price per share of $25.37. The gross proceeds received during the period from October 1, 2024 to October 31, 2024 include reinvested shareholder distributions of $1,310 for which the Company issued 51,645 Class S shares under its distribution reinvestment plan. Discretionary Share Repurchase Program Beginning with the quarter ended September 30, 2024, the Company has commenced a share repurchase program in which it intends, subject to market conditions and the discretion of the Company’s Board of Trustees, or the Board, to offer to repurchase, in each quarter, up to 5% of the Common Shares outstanding (either by number of shares or aggregate net asset value, or NAV) as of the close of the previous calendar quarter. The Board may amend or suspend the share repurchase program if in its reasonable judgment it deems such action to be in the Company’s best interest and the best interest of the Company’s shareholders. As a result, share repurchases may not be available each quarter, such as when a repurchase offer would place an undue burden on the Company’s liquidity, adversely affect its operations or risk having an adverse impact on the Company that would outweigh the benefit of the repurchase offer. The Company 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, or the Exchange Act, and the 1940 Act. All shares purchased by the Company pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares. Under the Company’s discretionary share repurchase program, to the extent the Company offers to repurchase Common Shares in any particular quarter, the Company expects to repurchase shares pursuant to quarterly tender offers using a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter, or the Valuation Date. If shareholders tender Common Shares in a tender offer with a Valuation Date that is within the 12-month period following the initial issue date of their tendered Common Shares, the Company may repurchase such Common Shares subject to an “early repurchase deduction” of 2% of the aggregate NAV of the Common Shares repurchased, or an Early Repurchase Deduction. The Early Repurchase Deduction will be retained by the Company for the benefit of remaining holders of Common Shares. The Company did not repurchase any Common Shares under its discretionary share repurchase program during the three and nine months ended September 30, 2024. Series A Preferred Shares On March 29, 2024, the Company issued 515 shares of its preferred shares of beneficial interest, or Preferred Shares, designated as 12.0% Series A Cumulative Preferred Shares, par value $0.001 per share, or the Series A Preferred Shares, for $3,000 per share. The Company redeemed all of the issued and outstanding Series A Preferred Shares on August 1, 2024, or the Preferred Shares Redemption Date, at a price equal to $3,000 per share, plus all accrued and unpaid dividends thereon to and including the Preferred Shares Redemption Date and a $300 redemption premium per share. From and after the close of business on the Preferred Shares Redemption Date, all dividends on the Series A Preferred Shares ceased to accrue, such shares are no longer deemed to be outstanding, and all rights of the holders of such shares ceased. Prior to the redemption of the Series A Preferred Shares, each holder of Series A Preferred Shares was entitled to a liquidation preference of $3,000 per share, or the Liquidation Value, plus additional amounts as set forth in the Supplement to the Company’s Second Amended and Restated Declaration of Trust Relating to 12.0% Series A Cumulative Preferred Shares. In addition, with respect to distributions, including the payment of dividends and distribution of the Company’s assets upon dissolution, liquidation, or winding up, the Series A Preferred Shares were senior to all other classes and series of Common Shares, and ranked on parity with any other class or series of Preferred Shares, whether such class or series was existing or was created in the future, to the extent of the aggregate Liquidation Value and all accrued but unpaid dividends and any applicable redemption premium on the Series A Preferred Shares. Prior to redemption, dividends on each Series A Preferred Share accrued on a daily basis at the rate of 12.0% per annum of the sum of the Liquidation Value thereof plus all accumulated and unpaid dividends thereon, from and including March 29, 2024, to and including the earlier of (1) the date of any liquidation, dissolution, or winding up of the Company or (2) the date on which such Series A Preferred Share were redeemed. Dividends accrued whether or not they had been authorized or declared, whether or not the Company had earnings, and whether or not there were funds legally available for payment of dividends. See the Supplement to the Company’s Second Amended and Restated Declaration of Trust Relating to 12.0% Series A Cumulative Preferred Shares for more information relating to the Series A Preferred Shares. The Company classified the Series A Preferred Shares as temporary equity outside of shareholders’ equity on its accompanying unaudited statement of assets and liabilities due to certain redemption features that are not solely within the Company’s control.

Related Party Transactions

Related Party Transactions	9 Months Ended
Related Party Transactions	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Compensation of the Investment Adviser and its Affiliates Pursuant to the Advisory Agreement, commencing on and after the BDC Election Date, the Adviser is entitled to a base management fee calculated at an annual rate of 1.25% of the average monthly value of the Company’s net assets during the most recently completed quarter and an incentive fee based on the Company’s performance. See Note 2 for a discussion of the capital gains and subordinated income incentive fees that the Adviser may be entitled to under the Advisory Agreement. The Adviser has agreed to waive the base management fee and the subordinated incentive fee on income under the Advisory Agreement through March 31, 2025. Pursuant to the Administration Agreement, the Adviser oversees the Company’s day-to-day operations, including the provision of general ledger accounting, fund accounting, legal services, investor relations, certain government and regulatory affairs activities, and other administrative services. The Adviser also performs, or oversees the performance of, the Company’s corporate operations and required administrative services, which includes being responsible for the financial records that the Company is required to maintain and preparing reports for the Company’s shareholders and reports filed with the SEC. In addition, the Adviser assists the Company in calculating its NAV, overseeing the preparation and filing of tax returns and the printing and dissemination of reports to the Company’s shareholders, and generally overseeing the payment of the Company’s expenses and the performance of administrative and professional services rendered to the Company by others. Pursuant to the Administration Agreement, the Company reimburses the Adviser for expenses necessary to perform services related to its administration and operations, including the Adviser’s allocable portion of the compensation and related expenses of certain personnel of Franklin Square Holdings, L.P., which does business as FS Investments, or FS Investments, and KKR Credit Advisers (US), LLC, or KKR Credit, providing administrative services to the Company on behalf of the Adviser. The Company reimburses the Adviser no less than monthly for all costs and expenses incurred by the Adviser in performing its obligations and providing personnel and facilities under the Administration Agreement. The Adviser allocates the cost of such services to the Company based on factors such as total assets, revenues, time allocations and/or other reasonable metrics. The Board reviews the methodology employed in determining how the expenses are allocated to the Company and the proposed allocation of administrative expenses among the Company and certain affiliates of the Adviser. The Board then assesses the reasonableness of such reimbursements for expenses allocated to the Company based on the breadth, depth and quality of such services as compared to the estimated cost to the Company of obtaining similar services from third-party service providers known to be available. In addition, the Board considers whether any single third-party service provider would be capable of providing all such services at comparable cost and quality. Finally, the Board compares the total amount paid to the Adviser for such services as a percentage of the Company’s net assets to the same ratio as reported by other comparable BDCs. Distribution/Servicing Fees The Company has entered into a placement agent agreement, as amended and supplemented from time to time, or a Placement Agent Agreement, and, together, the Placement Agent Agreements, with each of KKR Capital Markets LLC and FS Investment Solutions, LLC, the Company’s principal placement agents for the Private Offering and affiliates of the Adviser, or the Placement Agents, pursuant to which the Placement Agents have agreed to, among other things, manage the Company’s relationships with third-party brokers engaged by the Placement Agents to participate in the distribution of Common Shares, which are referred to as “participating brokers,” and financial advisors. The Placement Agents also coordinate the Company’s marketing and distribution efforts with participating brokers and their registered representatives with respect to communications related to the terms of the Private Offering, the Company’s investment strategies, material aspects of the Company’s operations and subscription procedures. Subject to any applicable Financial Industry Regulatory Authority, Inc., or FINRA, limitations on underwriting compensation, the Company pays the Placement Agents a shareholder servicing and/or distribution fee, or the Distribution/Servicing Fees, for Class S shares equal to 0.85% per annum of the NAV, as of the beginning of the first calendar day of the applicable month, of the Class S shares. The annual Distribution/Servicing Fees are paid by the Company to the Placement Agents pursuant to the Company’s amended and restated distribution and servicing plan, or the Distribution and Servicing Plan. The distribution and servicing expenses borne by the participating brokers may be different from and substantially less than the amount of Distribution/Servicing Fees charged. The Distribution/Servicing Fees will be payable to the Placement Agents, but the Placement Agents anticipate that all or a portion of the Distribution/Servicing Fees will be retained by, or re-allowed (paid) to, eligible participating brokers and servicing broker-dealers for ongoing services performed by such broker-dealers. The Company may pay for expenses related to its distribution out of its own assets under the Distribution and Servicing Plan outside of the Distribution/Servicing Fees, including but not limited to, expenses associated with advertising, compensation of underwriters, dealers, and sales personnel, the printing and mailing of prospectuses to other than current shareholders, and the printing and mailing of sales literature, each as may be determined to be in the best interests of the Company. All or a portion of the Distribution/Servicing Fees may be used to pay for sub-transfer agency, sub-accounting and certain other administrative services that are not required to be paid pursuant to the shareholder servicing and/or distribution fees under applicable FINRA rules; however, the Company also may pay for these sub-transfer agency, sub-accounting and certain other administrative services outside of the Distribution/Servicing Fees and its Distribution and Servicing Plan. The total amount that will be paid over time for other underwriting compensation depends on the average length of time for which shares remain outstanding, the term over which such amount is measured and the performance of the Company’s investments. The Company will also pay or reimburse certain organizational and offering expenses, including, subject to FINRA limitations on underwriting compensation, certain wholesaling expenses. The Board, including a majority of the members of the Board who are not “interested persons” (as defined in the 1940 Act) of the Company, or the Independent Trustees, have reviewed and approved the Placement Agent Agreements in accordance with Section 15(c) of the 1940 Act, and will annually review the Placement Agent Agreements and Distribution/Servicing Fees to determine that the provisions of the Placement Agent Agreements are carried out satisfactorily and to determine, among other things, whether the fees payable under such agreements are reasonable in light of the services provided and that there is a reasonable likelihood that the continuation of the plan for the Distribution/Servicing Fees will benefit the Company and its shareholders. The Board assesses the reasonableness of such fees based on the breadth, depth and quality of the distribution services to be provided to the Company, and reviews other information relating to the Placement Agents, such as their relationships with financial intermediaries and the adequacy of their compliance program. The following table describes the fees and expenses accrued under the Advisory Agreement, the Administration Agreement and the Distribution and Servicing Plan, as applicable, during the three and nine months ended September 30, 2024: Three Months Ended Nine Months Ended Related Party September 30, September 30, Source Agreement Description 2024 2024 The Adviser Investment advisory agreement Base Management Fee (1) $ 649 $ 960 The Adviser Investment advisory agreement Capital Gains Incentive Fee (2) $ 111 $ 138 The Adviser Investment advisory agreement Subordinated Incentive Fee on Income (3) $ 727 $ 1,067 The Adviser Administration agreement Administrative Services Expenses (4) $ 267 $ 447 Placement Agents Distribution and servicing plan Distribution/Servicing Fees (5) $ — $ — ________________ (1) The Adviser agreed to waive all management fees accrued under the Advisory Agreement through March 31, 2025. As of September 30, 2024, no management fees were payable to the Adviser. (2) During the nine months ended September 30, 2024, the Company accrued capital gains incentive fees of $138 based on the performance of its portfolio, all of which was based on unrealized appreciation. No capital gains incentive fees are actually payable by the Company with respect to unrealized gains unless and until those gains are actually realized. See Note 2 for a discussion of the methodology employed by the Company in calculating the capital gains incentive fees. (3) The Adviser agreed to waive all subordinated incentive fees on income accrued under the Advisory Agreement through March 31, 2025. As of September 30, 2024, no subordinated incentive fees on income were payable to the Adviser. (4) During the nine months ended September 30, 2024, $405 of administrative services expenses related to the allocation of costs of administrative personnel for services rendered to the Company by the Adviser and the remainder related to other reimbursable expenses, including reimbursement of fees related to transactional expenses for prospective investments, such as fees and expenses associated with performing due diligence reviews of investments that do not close, often referred to as “broken deal” costs. Broken deal costs were $42 for the nine months ended September 30, 2024. The Company paid $189 in administrative services expenses to the Adviser during the nine months ended September 30, 2024. (5) Represents the distribution/servicing fees retained by the Placement Agents and not re-allowed to selected broker-dealers or financial representatives. Potential Conflicts of Interest The members of the senior management and investment teams of the Adviser serve or may serve as officers, directors or principals of entities that operate in the same or a related line of business as the Company does, or of investment vehicles managed by the same personnel. For example, the Adviser is the investment adviser to FS KKR Capital Corp. and KKR FS Income Trust, and the officers, managers and other personnel of the Adviser may serve in similar or other capacities for the investment advisers to future investment vehicles affiliated with FS Investments or KKR Credit. In serving in these multiple and other capacities, they may have obligations to other clients or investors in those entities, the fulfillment of which may not be in the Company’s best interests or in the best interest of the Company’s shareholders. The Company’s investment objectives may overlap with the investment objectives of such investment funds, accounts or other investment vehicles. Exemptive Relief As a BDC, the Company is subject to certain regulatory restrictions in making its investments. For example, BDCs generally are not permitted to co-invest with certain affiliated entities in transactions originated by the BDC or its affiliates in the absence of an exemptive order from the SEC. However, BDCs are permitted to, and may, simultaneously co-invest in transactions where price is the only negotiated term. In an order dated January 5, 2021, the SEC granted exemptive relief that permits the Company, subject to the satisfaction of certain conditions, to co-invest in certain privately negotiated investment transactions, including investments originated and directly negotiated by the Adviser or KKR Credit, with certain affiliates of the Adviser. Capital Commitments Affiliates of the Adviser committed to invest an aggregate of $35,000 in Common Shares, or the Seed Contribution, and will not transfer or otherwise dispose of their respective capital commitment or Common Shares without the Company’s prior written consent for a period ending on the third anniversary of the BDC Election Date. As of September 30, 2024, the full $35,000 of capital commitments under the Seed Contribution had been called and funded. As of September 30, 2024, an additional $25,000 of capital commitments from third-party private investors had been called and funded in connection with the Private Offering. Expense Support and Conditional Reimbursement The Company has entered into an Expense Support and Conditional Reimbursement Agreement, or the Expense Support Agreement, with the Adviser. The Adviser may elect to pay certain of our expenses on the Company’s behalf, including, but not limited to, organizational and offering expenses and any of the Company’s expenses related to investor relations, outside legal counsel and other outside advisors and experts, finance, operations and administration, each, an Expense Payment, provided that no portion of the payment will be used to pay any interest expense or distribution and/or shareholder servicing fees of the Company. Any Expense Payment that the Adviser has committed to pay must be paid by the Adviser to the Company in any combination of cash or other immediately available funds no later than 90 days after such commitment was made in writing, and/or offset against amounts due from us to the Adviser or its affiliates. Following any calendar month in which Available Operating Funds (as defined below) exceed the cumulative distributions accrued to the Company’s shareholders based on distributions declared with respect to record dates occurring in such calendar month (the amount of such excess referred to as Excess Operating Funds), the Company will pay such Excess Operating Funds, or a portion thereof, to the Adviser until such time as all Expense Payments made by the Adviser to the Company within three years prior to the last business day of such calendar month have been reimbursed. Any payments required to be made by the Company are referred to as a Reimbursement Payment. Available Operating Funds means the sum of (i) the Company’s net investment income (excluding organizational and offering costs and extraordinary expenses, taxes (including excise tax) and accrued capital gains incentive fees on unrealized appreciation) and (ii) the Company’s net capital gains. For the nine months ended September 30, 2024 and the period ended December 31, 2023 , the Adviser has agreed to pay $1,009 and $0, respectively, in Expense Payments, subject to reimbursement by the Company in accordance with the Expense Support Agreement. As of September 30, 2024, the conditions precedent to the Company’s obligation to reimburse the Adviser for such Expense Payments have not been met and management believes that the reimbursement to the Adviser is not probable. The following table reflects the amounts agreed to be paid by the Adviser and subject to reimbursement by the Company under the Expense Support Agreement and the expiration for future possible reimbursements by the Company: For the Three Months Ended Amount Expiration Date June 30, 2024 $ 347 June 30, 2027 September 30, 2024 662 September 30, 2027 Total $ 1,009

Distributions

Distributions	9 Months Ended
Distributions	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Distributions	Distributions The following table reflects the cash distributions per share that the Company has declared on its Common Shares during the nine months ended September 30, 2024: For the Nine Months Ended Date Declared Distribution Record Date Payment Date Distribution per Share June 11, 2024 Regular June 28, 2024 July 29, 2024 $ 0.20 June 11, 2024 Special June 28, 2024 July 29, 2024 0.08 July 11, 2024 Regular July 31, 2024 August 28, 2024 0.20 July 31, 2024 Regular August 30, 2024 September 26, 2024 0.20 September 16, 2024 Regular September 30, 2024 October 29, 2024 0.20 September 16, 2024 Special September 30, 2024 October 29, 2024 0.08 Total $ 0.96 Subject to applicable legal restrictions and the sole discretion of the Company’s Board, the Company intends to declare and pay regular cash distributions on a monthly basis. From time to time, the Company may also declare and pay special interim distributions in the form of cash or shares of its Common Shares at the discretion of the Company’s Board. These distributions have been or will be paid monthly to shareholders of record as of monthly record dates previously determined by the Company’s Board. Shareholders receive the distribution payments in cash or in Common Shares in accordance with their election under the Company’s distribution reinvestment plan. The timing and amount of any future distributions to shareholders are subject to applicable legal restrictions and the sole discretion of the Company’s Board. The Company may fund its cash distributions to shareholders from any sources of funds legally available to it, including proceeds from the sale of Common Shares in the Private Offering, borrowings, net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, and dividends or other distributions paid to the Company on account of preferred and common equity investments in portfolio companies. The Company has not established limits on the amount of funds it may use from available sources to make distributions. During certain periods, the Company’s distributions may exceed its earnings. As a result, it is possible that a portion of the distributions the Company makes may represent a return of capital. A return of capital generally is a return of a shareholder’s investment rather than a return of earnings or gains derived from the Company’s investment activities. Each year a statement on Form 1099-DIV identifying the sources of the distributions (i.e., paid from ordinary income, paid from net capital gains on the sale of securities, and/or a return of capital, which is a nontaxable distribution) will be mailed to the Company’s shareholders. There can be no assurance that the Company will be able to pay distributions at a specific rate or at all. The following table reflects the sources of the cash distributions on a tax basis that the Company has paid on its Common Shares during the nine months ended September 30, 2024: Nine Months Ended September 30, 2024 Source of Distribution Distribution Amount Percentage Offering proceeds $ — — Borrowings — — Net investment income (1) 7,857 100 % Short-term capital gains proceeds from the sale of assets — — Long-term capital gains proceeds from the sale of assets — — Non-capital gains proceeds from the sale of assets — — Distributions on account of preferred and common equity — — Total $ 7,857 100 % ________________ (1) During the nine months ended September 30, 2024, 97.1% of the Company’s gross investment income was attributable to cash income earned, 0.8% was attributable to non-cash accretion of discount and 2.1% was attributable to paid-in-kind, or PIK, interest. The determination of the tax attributes of the Company’s distributions is made annually as of the end of the Company’s fiscal year based upon the Company’s taxable income for the full year and distributions paid for the full year. Therefore, a determination made on a quarterly basis may not be representative of the actual tax attributes of the Company’s distributions for a full year. The actual tax characteristics of distributions to shareholders are reported to shareholders annually on Form 1099-DIV. As of September 30, 2024, the Company’s gross unrealized appreciation on a tax basis was $1,667. As of September 30, 2024, the Company’s gross unrealized depreciation on a tax basis was $456. The aggregate cost of the Company’s investments for U.S. federal income tax purposes totaled $276,198 as of September 30, 2024. The aggregate net unrealized appreciation (depreciation) on investments on a tax basis was $1,276 as of September 30, 2024. The aggregate net unrealized appreciation (depreciation) on investments on a tax basis excludes net unrealized appreciation (depreciation) from foreign currency transactions.

Investment Portfolio

Investment Portfolio	9 Months Ended
Investment Portfolio	Sep. 30, 2024
Investment Company [Abstract]
Investment Portfolio	Investment Portfolio The following table summarizes the composition of the Company’s investment portfolio at cost and fair value as of September 30, 2024: September 30, 2024 Amortized Cost (1) Fair Value Percentage of Portfolio Senior Secured Loans—First Lien $ 233,984 $ 234,324 84.4 % Asset Based Finance 42,281 43,150 15.6 % Total $ 276,265 $ 277,474 100.0 % ________________ (1) Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments. In general, under the 1940 Act, the Company would be presumed to “control” a portfolio company if it owned more than 25% of its voting securities or had the power to exercise control over the management or policies of such portfolio company, and would be an “affiliated person” of a portfolio company if it owned 5% or more of its voting securities. As of September 30, 2024, the Company held investments in one portfolio company of which it is deemed to “control.” As of September 30, 2024, the Company did not hold investments in portfolio companies of which it is deemed to be an “affiliated person” but is not deemed to “control.” For additional information with respect to such portfolio companies, see footnote (j) to the unaudited schedule of investments as of September 30, 2024. The Company’s investment portfolio may contain loans and other unfunded arrangements that are in the form of lines of credit, revolving credit facilities, delayed draw credit facilities or other investments, which require the Company to provide funding when requested by portfolio companies in accordance with the terms of the underlying agreements. As of September 30, 2024, the Company had unfunded debt investments with aggregate unfunded commitments of $57,572 and unfunded equity/other commitments of $16,113 . The Company maintains sufficient cash on hand and available capital in connection with undrawn commitments to fund such unfunded commitments should the need arise. For additional details regarding the Company’s unfunded debt investments, see the Company’s unaudited schedule of investments as of September 30, 2024. The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of September 30, 2024: September 30, 2024 Industry Classification Fair Value Percentage of Portfolio Capital Goods $ 17,429 6.3 % Commercial & Professional Services 42,616 15.4 % Consumer Durables & Apparel 4,039 1.4 % Consumer Services 36,725 13.2 % Equity Real Estate Investment Trusts (REITs) 6,203 2.2 % Financial Services 14,376 5.2 % Health Care Equipment & Services 41,040 14.8 % Insurance 32,078 11.6 % Materials 18,923 6.8 % Real Estate Management & Development 20,213 7.3 % Software & Services 27,509 9.9 % Technology Hardware & Equipment 5,471 2.0 % Transportation 9,891 3.6 % Utilities 961 0.3 % Total $ 277,474 100.0 %

Financial Instruments

Financial Instruments	9 Months Ended
Financial Instruments	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments The following is a summary of the fair value and location of the Company’s derivative instruments not designated as a qualifying hedge accounting relationship in the unaudited statements of assets and liabilities held as of September 30, 2024: Derivative Instrument Statement Location September 30, 2024 Foreign currency forward contracts Unrealized appreciation on foreign currency forward contracts $ — Foreign currency forward contracts Unrealized depreciation on foreign currency forward contracts (67) Total $ (67) Net realized and unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recorded by the Company for the nine months ended September 30, 2024 are in the following locations in the unaudited statements of operations: Derivative Instrument Statement Location Nine Months Ended Foreign currency forward contracts Net realized gain (loss) on foreign currency forward contracts $ 8 Foreign currency forward contracts Net change in unrealized appreciation (depreciation) on foreign currency forward contracts (67) Total $ (59) Offsetting of Derivative Instruments The Company has derivative instruments that are subject to master netting agreements. These agreements include provisions to offset positions with the same counterparty in the event of default by one of the parties. The Company’s unrealized appreciation and depreciation on derivative instruments are reported as gross assets and liabilities, respectively, in the statements of assets and liabilities. The following tables present the Company’s assets and liabilities related to derivatives by counterparty, net of amounts available for offset under a master netting arrangement and net of any collateral received or pledged by the Company for such assets and liabilities as of September 30, 2024: As of September 30, 2024 Counterparty Derivative Assets Subject to Master Netting Agreement Derivatives Available for Offset Non-cash Collateral Received (1) Cash Collateral Received (1) Net Amount of Derivative Assets (2) Goldman Sachs Bank USA $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — Counterparty Derivative Liabilities Subject to Master Netting Agreement Derivatives Available for Offset Non-cash Collateral Pledged (1) Cash Collateral Pledged (1) Net Amount of Derivative Liabilities (3) Goldman Sachs Bank USA $ (67) $ — $ — $ — $ (67) Total $ (67) $ — $ — $ — $ (67) ________________ (1) In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization . (2) Net amount of derivative assets represents the net amount due from the counterparty to the Company. (3) Net amount of derivative liabilities represents the net amount due from the Company to the counterparty. Foreign Currency Forward Contracts The Company may enter into foreign currency forward contracts from time to time to facilitate settlement of purchases and sales of investments denominated in foreign currencies and to economically hedge the impact that an adverse change in foreign exchange rates would have on the value of the Company’s investments denominated in foreign currencies. A foreign currency forward contract is a commitment to purchase or sell a foreign currency at a future date at a negotiated forward rate. These contracts are marked-to-market by recognizing the difference between the contract forward exchange rate and the forward market exchange rate on the last day of the period presented as unrealized appreciation or depreciation. Realized gains or losses are recognized when forward contracts are settled. Risks arise as a result of the potential inability of the counterparties to meet the terms of their contracts. The Company attempts to limit counterparty risk by only dealing with well-known counterparties. The average notional balance of foreign currency forward contracts during the period from July 12, 2024, the date in which the Company first entered into the foreign currency forward contracts, through September 30, 2024 was $2,597 .

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
Fair Value of Financial Instruments	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Under existing accounting guidance, fair value is defined as the price that the Company would receive upon selling an investment or would pay to transfer a liability in an orderly transaction to a market participant in the principal or most advantageous market for the investment. This accounting guidance emphasizes valuation techniques that maximize the use of observable market inputs and minimize the use of unobservable inputs. Inputs refer broadly to the assumptions that market participants would use in pricing an asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances. The Company classifies the inputs used to measure these fair values into the following hierarchy as defined by current accounting guidance: Level 1 : Inputs that are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 : Inputs that are quoted prices for similar assets or liabilities in active markets. Level 3 : Inputs that are unobservable for an asset or liability. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. As of September 30, 2024 , the Company’s investments were categorized as follows in the fair value hierarchy: Valuation Inputs September 30, 2024 Level 1—Price quotations in active markets $ — Level 2—Significant other observable inputs 20,213 Level 3—Significant unobservable inputs 257,261 $ 277,474 In addition, the Company had foreign currency forward contracts, as described in Note 7, which were categorized as Level 2 in the fair value hierarchy as of September 30, 2024. The Board is responsible for overseeing the valuation of the Company’s portfolio investments at fair value as determined in good faith pursuant to the Adviser’s valuation policy. The Board has designated the Adviser as the Company’s valuation designee, with day-to-day responsibility for implementing the portfolio valuation process set forth in the Adviser’s valuation policy. The Company’s investments will consist primarily of debt investments that were acquired directly from the issuer. Debt investments, for which broker quotes are not available, are valued by independent valuation firms, which determine the fair value of such investments by considering, among other factors, the borrower’s ability to adequately service its debt, prevailing interest rates for like investments, expected cash flows, call features, anticipated repayments and other relevant terms of the investments. Except as described below, all of the Company’s equity/other investments are also valued by independent valuation firms, which determine the fair value of such investments by considering, among other factors, contractual rights ascribed to such investments, as well as various income scenarios and multiples of earnings before interest, taxes, depreciation and amortization, or EBITDA, cash flows, net income, revenues or, in limited instances, book value or liquidation value. An investment that is newly issued and purchased near the date of the financial statements is valued at cost if the Adviser determines that the cost of such investment is the best indication of its fair value. Such investments described above are typically classified as Level 3 within the fair value hierarchy. Investments that are traded on an active public market are valued at their closing price as of the date of the financial statements and are classified as Level 1 within the fair value hierarchy. Except as described above, the Adviser typically values the Company’s other investments by using the midpoint of the prevailing bid and ask prices from dealers on the date of the relevant period end, which are provided by independent third-party pricing services and screened for validity by such services and are typically classified as Level 2 within the fair value hierarchy. The Adviser periodically benchmarks the bid and ask prices it receives from the third-party pricing services and/or dealers and independent valuation firms, as applicable, against the actual prices at which the Company purchases and sells its investments. Based on the results of the benchmark analysis and the experience of the Company’s management in purchasing and selling these investments, the Adviser believes that these prices are reliable indicators of fair value. As of September 30, 2024 , t he Adviser reviewed and approved the valuation determinations made with respect to these investments in a manner consistent with the Adviser’s valuation policy. The following is a reconciliation of investments for which significant unobservable inputs (Level 3) were used in determining fair value for the nine months ended September 30, 2024 : For the Nine Months Ended September 30, 2024 Senior Secured Loans—First Lien Asset Based Finance Total Fair value at beginning of period $ — $ — $ — Accretion of discount (amortization of premium) 44 28 72 Net realized gain (loss) — — — Net change in unrealized appreciation (depreciation) 340 527 867 Purchases 239,809 24,624 264,433 Paid-in-kind interest 28 158 186 Sales and repayments (5,897) (2,400) (8,297) Transfers into Level 3 — — — Transfers out of Level 3 — — — Fair value at end of period $ 234,324 $ 22,937 $ 257,261 The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date $ 340 $ 527 $ 867 The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements as of September 30, 2024 were as follows: Type of Investment Fair Value at September 30, 2024 Valuation Unobservable Range (Weighted Average) Impact to Valuation from an Increase in Input (1) Senior Debt $ 220,941 Discounted Cash Flow Discount Rate 7.6% - 10.2% (8.9%) Decrease 13,383 Cost Asset Based Finance 17,448 Discounted Cash Flow Discount Rate 5.0% - 15.0% (7.6%) Decrease 5,489 Cost Total $ 257,261 ________________ (1) Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. A decrease to the input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements.

Financing Arrangements

Financing Arrangements	9 Months Ended
Financing Arrangements	Sep. 30, 2024
Debt Disclosure [Abstract]
Financing Arrangements	Financing Arrangements In accordance with the 1940 Act, the Company is allowed to borrow amounts such that its asset coverage, as calculated pursuant to the 1940 Act, equals at least 150% after such borrowing. As of September 30, 2024 , the aggregate amount outstanding of the senior securities issued by the Company was $0. As of September 30, 2024 , the Company’s asset coverage was 100%. The following table presents summary information with respect to the Company’s outstanding financing arrangement as of September 30, 2024 . For additional information regarding this financing arrangement, see Form 8-K filed with the SEC on July 9, 2024. Any significant changes to the Company’s financing arrangements during the three months ended September 30, 2024 are discussed below. As of September 30, 2024 Arrangement Type of Arrangement Rate Amount Amount Maturity Date Senior Secured Revolving Credit Facility (1) Revolving Credit Facility SOFR+2.125% (2) $ — $ 50,000 July 2, 2029 Total $ — $ 50,000 ________________ (1) The carrying amount outstanding under the facility approximates its fair value. (2) The benchmark rate is subject to a 0% floor. For the nine months ended September 30, 2024, the components of total interest expense for the Company’s financing arrangement were as follows: Nine Months Ended September 30, 2024 Arrangement (1) Direct Interest Expense Amortization of Deferred Financing Costs Total Interest Expense Senior Secured Revolving Credit Facility (2) $ 48 $ 48 $ 96 Total $ 48 $ 48 $ 96 ________________ (1) Borrowings of each of the Company’s wholly-owned, special-purpose financing subsidiaries are considered borrowings of the Company for purposes of complying with the asset coverage requirements applicable to BDCs under the 1940 Act. (2) Direct interest expense includes the effect of non-usage fees. The Company’s average borrowings and weighted average interest rate, including the effect of non-usage fees, for the nine months ended September 30, 2024 were $0 and 0.38%, respectively. As of September 30, 2024 , the Company’s weighted average effective interest rate on borrowings, including the effect of non-usage fees, was 0.38%. Under its financing arrangements, the Company has made certain representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar financing arrangements. The Company was in compliance with all covenants required by its financing arrangements as of September 30, 2024 . Senior Secured Revolving Credit Facility On July 2, 2024, the Company entered into a senior secured revolving credit agreement, or the Senior Secured Revolving Credit Facility, by and among the Company, as borrower, ING Capital LLC, as administrative agent, in such capacity, or the Administrative Agent, and the financial institutions party thereto, as lenders and issuing banks. The Senior Secured Revolving Credit Facility provides for borrowings in U.S. dollars and certain agreed upon foreign currencies in an initial aggregate amount of up to $50,000, with an option for the Company to request, at one or more times, that existing and/or new lenders, at their election, provide up to $250,000. The Senior Secured Revolving Credit Facility provides for the issuance of letters of credit up to the aggregate amount of commitments then available to be drawn thereunder and swingline loans in an aggregate principal amount at any time outstanding that will not exceed $10,000. Availability under the Senior Secured Revolving Credit Facility will terminate on the earlier of July 2, 2028, or the Commitment Termination Date, and the date of termination of the revolving commitments thereunder, and the outstanding loans under the Senior Secured Revolving Credit Facility will mature on July 2, 2029. The Senior Secured Revolving Credit Facility also requires mandatory prepayment of interest and principal upon certain events, including asset sales, extraordinary receipts, returns of capital, equity issuances, and incurrence of indebtedness, with certain exceptions and minimum amount thresholds. Borrowings under the Senior Secured Revolving Credit Facility are subject to compliance with a borrowing base test. Amounts drawn under the Senior Secured Revolving Credit Facility in U.S. dollars will bear interest at either term SOFR plus 2.125%, or the prime rate plus 1.125%. The Company may elect either the term SOFR or prime rate at the time of drawdown, and loans denominated in U.S. dollars may be converted from one rate to another at any time at the Company’s option, subject to certain conditions. Amounts drawn under the Senior Secured Revolving Credit Facility in other permitted currencies will bear interest at the relevant rate specified therein plus 2.125%. During the period commencing on July 2, 2024 and ending on the earlier of the Commitment Termination Date and the date of termination of the revolving commitments under the Senior Secured Revolving Credit Facility, the Company will pay a commitment fee of 0.375% per annum (based on the immediately preceding quarter’s average usage) on the daily unused amount of the commitments then available thereunder. The Company also will be required to pay letter of credit participation fees and a fronting fee on the average daily amount of any lender’s exposure with respect to any letters of credit issued at the Company’s request under the Senior Secured Revolving Credit Facility. In connection with the Senior Secured Revolving Credit Facility, the Company has made certain representations and warranties and must comply with various covenants and reporting requirements customary for facilities of this type. In addition, the Company must comply with the following financial covenants with respect to the Company and its consolidated subsidiaries: (a) the Company must maintain a minimum shareholders’ equity, measured as of each fiscal quarter end; and (b) the Company must maintain at all times a 150% asset coverage ratio. The Senior Secured Revolving Credit Facility contains events of default customary for facilities of this type. Upon the occurrence of an event of default, the Administrative Agent, at the request of the required lenders, may terminate the commitments and declare the outstanding advances and all other obligations under the Senior Secured Revolving Credit Facility immediately due and payable. The Company’s obligations under the Senior Secured Revolving Credit Facility are guaranteed by certain of the Company’s subsidiaries. The Company’s obligations under the Senior Secured Revolving Credit Facility are secured by a first priority security interest in substantially all of the Company’s assets and certain of the Company’s subsidiaries thereunder.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies On May 9, 2024, the Company entered into a facility agreement, or the Cliffwater Facility Agreement, with Cliffwater Corporate Lending Fund, or Cliffwater, and CCLF Holdings (D34) LLC, or the Financing Provider, each an unaffiliated third party, to acquire portfolio investments from time to time by purchasing all or a portion of certain investments owned and held by the Financing Provider at the Company’s or the Financing Provider’s request pursuant to the terms and provisions of the Cliffwater Facility Agreement, or the Warehousing Transaction. The Cliffwater Facility Agreement creates a forward obligation of the Financing Provider to sell, and a forward obligation of the Company or its designee to purchase, all or a portion of certain investments owned and held by the Financing Provider at the Company’s or the Financing Provider’s request pursuant to the terms and conditions of the Cliffwater Facility Agreement. Prior to the date on which (i) an insolvency proceeding is commenced by the Company or (ii) an insolvency proceeding is commenced against the Company and is not dismissed or stayed within 60 days, such date, the Facility End Date, the Company’s obligation to purchase such investments is conditional upon satisfying certain conditions, including that the Company has called and received cash funding from subscriptions in an aggregate amount of at least $250,000, such condition, the Capital Condition. During the nine months ended September 30, 2024, the Company purchased investments, including unfunded commitments, with a cost of $83,222 from the Financing Provider. As of September 30, 2024, $32,333 of these purchases are included in payable for investments purchased in the statement of assets and liabilities. For the period from October 1, 2024 through November 8, 2024, the Company purchased investments, including unfunded commitments, with a cost of $9,101 from the Financing Provider. As of September 30, 2024, the conditions precedent to the Company’s obligation to purchase any additional investments from the Financing Provider had not been met. The Company did not hold any beneficial interest in the warehouse. The Company enters into contracts that contain a variety of indemnification provisions. The Company’s maximum exposure under these arrangements is unknown; however, the Company has not had prior claims or losses pursuant to these contracts. The Adviser has reviewed the Company’s existing contracts and expects the risk of loss to the Company to be remote. The Company is not currently subject to any material legal proceedings and, to the Company’s knowledge, no material legal proceedings are threatened against the Company. From time to time, the Company may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of the Company’s rights under contracts with its portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, the Company does not expect that any such proceedings will have a material effect upon its financial condition or results of operations. Unfunded commitments to provide funds to portfolio companies are not recorded in the Company’s statement of assets and liabilities. Since these commitments may expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. The Company has sufficient liquidity to fund these commitments. As of September 30, 2024 , the Company’s unfunded commitments consisted of the following: Category / Company (1) Commitment Amount Senior Secured Loans—First Lien Area Wide Protective Inc $ 3,666 Avetta LLC 737 Avetta LLC 1,032 Cadence Education LLC 353 Cadence Education LLC 408 Category / Company (1) Commitment Amount Carrier Fire Protection $ 438 Carrier Fire Protection 514 CLEAResult Consulting Inc 2,656 CLEAResult Consulting Inc 890 Community Brands Inc 568 Community Brands Inc 1,455 CSafe Global 158 Dental365 LLC 1,806 Dental365 LLC 4,389 DuBois Chemicals Inc 1,888 DuBois Chemicals Inc 1,888 Galway Partners Holdings LLC 677 Insightsoftware.Com Inc 293 Insightsoftware.Com Inc 193 Legends Hospitality LLC 600 Legends Hospitality LLC 300 MAI Capital Management LLC 926 MAI Capital Management LLC 2,464 Model N Inc 1,046 Model N Inc 1,961 Netsmart Technologies Inc 1,323 Netsmart Technologies Inc 1,350 OEConnection LLC 400 OEConnection LLC 640 PSC Group 44 PSC Group 136 Service Express Inc 1,646 Service Express Inc 2,890 Spotless Brands LLC 328 STV Group Inc 296 STV Group Inc 492 Turnpoint Services Inc 613 Turnpoint Services Inc 981 USIC Holdings Inc 726 USIC Holdings Inc 828 Wealth Enhancement Group LLC 298 Woolpert Inc 761 Woolpert Inc 1,559 Asset Based Finance Discover Financial Services, Subordinated Loan 2,559 Lennar Corp, Term Loan 892 Trinseo Materials Operating SCA / Trinseo Materials Finance Inc, Revolver 7,504 Total $ 57,572 Unfunded Equity/Other commitments $ 16,113 ____________________ (1) May be commitments to one or more entities affiliated with the named company. As of September 30, 2024 , the Company’s debt commitments are comprised of $24,348 revolving credit facilities and $33,224 delayed draw term loans, which generally are used for acquisitions or capital expenditures and are subject to certain performance tests. Such unfunded debt commitments have a fair value representing unrealized appreciation (depreciation) of $(25). The Company’s unfunded Equity/Other commitments generally require certain conditions to be met or actual approval from the Adviser prior to funding. While the Company does not expect to fund all of its unfunded commitments, there can be no assurance that it will not be required to do so. In the normal course of business, the Company may enter into guarantees on behalf of portfolio companies. Under such arrangements, the Company would be required to make payments to third parties if the portfolio companies were to default on their related payment obligations. The Company had no such guarantees outstanding at September 30, 2024 and December 31, 2023 .

Financial Highlights

Financial Highlights	9 Months Ended
Financial Highlights	Sep. 30, 2024
Investment Company [Abstract]
Financial Highlights	Financial Highlights The following is a schedule of financial highlights of the Company for the nine months ended September 30, 2024 : Nine Months Ended Per Share Data: (1) Net asset value, beginning of period $ 25.00 Results of operations (2) Net investment income (loss) 1.89 Net realized gain (loss) and unrealized appreciation (depreciation) (0.56) Net increase (decrease) in net assets resulting from operations 1.33 Shareholder distributions (3) Distributions from net investment income (0.96) Net decrease in net assets resulting from shareholder distributions (0.96) Capital share transactions Issuance of Common Shares (4) — Net increase (decrease) in net assets resulting from capital share transactions — Net asset value, end of period $ 25.37 Shares outstanding, end of period 10,267,624 Total return based on net asset value (5) 5.32 % Ratio/Supplemental Data: Net assets, end of period $ 260,450 Ratio of net investment income to average net assets (6) 9.92 % Ratio of total operating expenses to average net assets (6) 4.50 % Ratio of waived expenses to average net assets (6) (3.63) % Ratio of net operating expenses to average net assets (6) 0.87 % Portfolio turnover (7) 6.21 % Total amount of senior securities outstanding, exclusive of treasury securities $ — Asset coverage per unit (8) — ____________________ (1) Per share data may be rounded in order to recompute the ending NAV per share. (2) The per share data was derived by using the weighted average shares outstanding during the applicable period. (3) The per share data for distributions reflect the actual amount of distributions paid per share during the applicable period. (4) The issuance of Common Shares on a per share basis reflects the incremental net asset value changes as a result of the issuance of Common Shares in connection with the Seed Contribution. The issuance of Common Shares at a price that is less than the net asset value per share results in a decrease in net asset value per share. (5) The total return based on NAV for each period presented was calculated by taking the NAV per share as of the end of the applicable period, adding the cash distributions per share that were declared during the period and dividing the total by the NAV per share at the beginning of the period. Total return based on NAV does not consider the effect of any sales commissions or charges that may be incurred in connection with the sale of Common Shares. The historical calculation of total return based on NAV in the table should not be considered a representation of the Company’s future total return based on NAV, which may be greater or less than the return shown in the table due to a number of factors, including the Company’s ability or inability to make investments in companies that meet its investment criteria, the interest rates payable on the debt securities the Company acquires, the level of the Company’s expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which the Company encounters competition in its markets and general economic conditions. As a result of these factors, results for any previous period should not be relied upon as being indicative of performance in future periods. The total return calculations set forth above represent the total return on the Company’s investment portfolio during the applicable period and do not represent an actual return to shareholders. (6) Weighted average net assets during the applicable period are used for this calculation. Ratios for the nine months ended September 30, 2024 are annualized, with the exception of capital gains incentive fees. Annualized ratios for the nine months ended September 30, 2024 are not necessarily indicative of the ratios that may be expected for the year ending December 31, 2024. The following is a schedule of supplemental ratios for the nine months ended September 30, 2024: Nine Months Ended Ratio of accrued capital gains incentive fees to average net assets 0.12 % Ratio of interest expense to average net assets 0.11 % (7) Portfolio turnover for the nine months ended September 30, 2024 is not annualized. (8) Asset coverage per unit is the ratio of the carrying value of the Company’s total assets, less liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness.

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Distributions On October 10, 2024, the Board declared a distribution of $0.20 per Common Share, payable on or about November 26, 2024 to shareholders of record as of the close of business on October 31, 2024. Additionally, on November 7, 2024, the Board declared a distribution of $0.20 per Common Share, payable on or about December 27, 2024 to shareholders of record as of the close of business on November 29, 2024. Shareholders may receive the distribution payments in cash or in Common Shares in accordance with their election under the Company’s distribution reinvestment plan. Private Offering Closings On October 1, 2024, the Company issued and sold 1,299,152 Common Shares in the Private Offering (with the final number of Common Shares issued being determined on October 22, 2024) pursuant to subscription agreements entered into with the participating investors for aggregate consideration of $32,959. On November 1, 2024, the Company issued and sold Common Shares in the Private Offering pursuant to subscription agreements entered into with the participating investors for aggregate consideration of $35,830. The final number of Common Shares issued as of November 1, 2024 in connection with the monthly closing will be determined at a later date in connection with the Company’s determination of its net asset value per Common Share as of October 31, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2024
Pay vs Performance Disclosure
Net increase (decrease) in net assets resulting from operations	$ 6,522	$ 9,366

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation : The accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, for interim financial information and with the instructions for Form 10-Q and Articles 6, 10 and 12 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. For a more complete discussion of significant accounting policies and certain other information, the Company’s interim unaudited financial statements should be read in conjunction with its audited financial statements as of and for the period from April 19, 2023 (date of formation) to December 31, 2023 included in Amendment No. 1 to the Company’s Registration Statement on Form 10, filed with the U.S. Securities and Exchange Commission, or the SEC, on March 1, 2024, or the Form 10. Operating results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results that may be expected for the year ending December 31, 2024. The December 31, 2023 statement of assets and liabilities is derived from the Company’s audited financial statements as of and for the period ended December 31, 2023. The Company is considered an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies under Financial Accounting Standards Board, or FASB, Accounting Standards Codification Topic 946, Financial Services—Investment Companies .
Use of Estimates	Use of Estimates: The preparation of the unaudited financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents:
Organizational and Offering	Organizational and Offering: Costs associated with the offering of Common Shares will be capitalized as deferred offering expenses and included as prepaid and other assets on the statement of assets and liabilities and eligible to be amortized over a twelve-month period.
Subordinated Income Incentive Fee and Capital Gains Incentive Fee	Subordinated Income Incentive Fee: Pursuant to the terms of the Advisory Agreement, the Adviser may be entitled to receive a subordinated incentive fee on income. The subordinated incentive fee on income under the Advisory Agreement, which is calculated and payable quarterly in arrears commencing with the first full calendar quarter after the date of the Company’s election to be regulated as a BDC under the 1940 Act on February 20, 2024, or the BDC Election Date, equals 12.5% of the Company’s “pre-incentive fee net investment income” for the immediately preceding quarter (or portion thereof with respect to the quarter in which the BDC Election Date occurs) and is subject to a hurdle rate, expressed as a rate of return on the value of the Company’s net assets, equal to 1.25% per quarter, or an annualized hurdle rate of 5.0%. As a result, the Adviser will not earn this incentive fee for any quarter until the Company’s pre-incentive fee net investment income for such quarter exceeds the hurdle rate of 1.25%. Once the Company’s pre-incentive fee net investment income in any quarter exceeds the hurdle rate, the Adviser will be entitled to a “catch-up” fee equal to the amount of the pre-incentive fee net investment income in excess of the hurdle rate, until the Company’s pre-incentive fee net investment income for such quarter equals 1.43%, or 5.72% annually, of net assets. Thereafter, the Adviser will be entitled to receive 12.5% of pre-incentive fee net investment income. The Adviser has agreed to waive the Company’s base management fee and subordinated incentive fee on income through March 31, 2025. Capital Gains Incentive Fee: Pursuant to the terms of the Advisory Agreement, the incentive fee on capital gains is determined and payable in arrears as of the end of each calendar year (or upon termination of the Advisory Agreement) commencing with the end of the first calendar year in which the BDC Election Date occurs. This fee equals 12.5% of the Company’s incentive fee capital gains, which equals the Company’s realized capital gains on a cumulative basis from the BDC Election Date, calculated as of the end of the applicable period, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis from the BDC Election Date, less the aggregate amount of any capital gain incentive fees previously paid by the Company. On a quarterly basis, the Company accrues for the capital gains incentive fee by calculating such fee as if it were due and payable as of the end of such period. The Company includes unrealized gains in the calculation of the capital gains incentive fee expense and related accrued capital gains incentive fee. This accrual reflects the incentive fees that would be payable to the Adviser if the Company’s entire portfolio was liquidated at its fair value as of the balance sheet date even though the Adviser is not entitled to an incentive fee with respect to unrealized gains unless and until such gains are actually realized.
Revenue Recognition	Revenue Recognition : Security transactions are accounted for on the trade date. The Company records interest income on an accrual basis to the extent that it expects to collect such amounts. The Company records dividend income on the ex-dividend date. Distributions received from limited liability company, or LLC, and limited partnership, or LP, investments are evaluated to determine if the distribution should be recorded as dividend income or a return of capital. The Company does not accrue as a receivable interest or dividends on loans and securities if it has reason to doubt its ability to collect such income. The Company’s policy is to place investments on non-accrual status when there is reasonable doubt that interest income will be collected. The Company considers many factors relevant to an investment when placing it on or removing it from non-accrual status including, but not limited to, the delinquency status of the investment, economic and business conditions, the overall financial condition of the underlying investment, the value of the underlying collateral, bankruptcy status, if any, and any other facts or circumstances relevant to the investment. If there is reasonable doubt that the Company will receive any previously accrued interest, then the accrued interest will be written-off. Payments received on non-accrual investments may be recognized as income or applied to principal depending upon the collectability of the remaining principal and interest. Non-accrual investments may be restored to accrual status when principal and interest become current and are likely to remain current based on the Company’s judgment. Loan origination fees, original issue discount and market discount are capitalized and the Company accretes such amounts as interest income over the respective term of the loan or security. Upon the prepayment of a loan or security, any unamortized loan origination fees and original issue discount are recorded as interest income. Structuring and other non-recurring upfront fees are recorded as fee income when earned. For the nine months ended September 30, 2024 , the Company recognized $608 in structuring fee revenue. The Company records prepayment premiums on loans and securities as fee income when it receives such amounts.
Income Taxes	Income Taxes: The Company intends to elect to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a RIC under Subchapter M of the Code. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements and distribute to its stockholders, for each taxable year, at least 90% of its “investment company taxable income,” which is generally the Company’s net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses. As a RIC, the Company will not have to pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes to its stockholders. The Company intends to make distributions in an amount sufficient to qualify for and maintain its RIC status each year and to not pay any federal income taxes on income so distributed. The Company will also be subject to nondeductible federal excise taxes if it does not distribute 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.
Fair Value of Financial Instruments	Under existing accounting guidance, fair value is defined as the price that the Company would receive upon selling an investment or would pay to transfer a liability in an orderly transaction to a market participant in the principal or most advantageous market for the investment. This accounting guidance emphasizes valuation techniques that maximize the use of observable market inputs and minimize the use of unobservable inputs. Inputs refer broadly to the assumptions that market participants would use in pricing an asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances. The Company classifies the inputs used to measure these fair values into the following hierarchy as defined by current accounting guidance: Level 1 : Inputs that are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 : Inputs that are quoted prices for similar assets or liabilities in active markets. Level 3 : Inputs that are unobservable for an asset or liability. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Share Transactions (Tables)

Share Transactions (Tables)	9 Months Ended
Share Transactions (Tables)	Sep. 30, 2024
Equity [Abstract]
Schedule of Common Stock Transactions	Below is a summary of transactions with respect to shares of the Company’s Common Shares during the nine months ended September 30, 2024: Nine Months Ended September 30, 2024 Shares Amount Gross Proceeds from Offering 10,184,722 $ 257,164 Reinvestment of Distributions 82,862 2,100 Share Repurchase Program — — Net Proceeds from Share Transactions 10,267,584 $ 259,264 The following table reflects the cash distributions per share that the Company has declared on its Common Shares during the nine months ended September 30, 2024: For the Nine Months Ended Date Declared Distribution Record Date Payment Date Distribution per Share June 11, 2024 Regular June 28, 2024 July 29, 2024 $ 0.20 June 11, 2024 Special June 28, 2024 July 29, 2024 0.08 July 11, 2024 Regular July 31, 2024 August 28, 2024 0.20 July 31, 2024 Regular August 30, 2024 September 26, 2024 0.20 September 16, 2024 Regular September 30, 2024 October 29, 2024 0.20 September 16, 2024 Special September 30, 2024 October 29, 2024 0.08 Total $ 0.96

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
Related Party Transactions (Tables)	Sep. 30, 2024
Related Party Transactions [Abstract]
Schedule of Accrued Fees and Expenses and Amounts Subject to Reimbursement	The following table describes the fees and expenses accrued under the Advisory Agreement, the Administration Agreement and the Distribution and Servicing Plan, as applicable, during the three and nine months ended September 30, 2024: Three Months Ended Nine Months Ended Related Party September 30, September 30, Source Agreement Description 2024 2024 The Adviser Investment advisory agreement Base Management Fee (1) $ 649 $ 960 The Adviser Investment advisory agreement Capital Gains Incentive Fee (2) $ 111 $ 138 The Adviser Investment advisory agreement Subordinated Incentive Fee on Income (3) $ 727 $ 1,067 The Adviser Administration agreement Administrative Services Expenses (4) $ 267 $ 447 Placement Agents Distribution and servicing plan Distribution/Servicing Fees (5) $ — $ — ________________ (1) The Adviser agreed to waive all management fees accrued under the Advisory Agreement through March 31, 2025. As of September 30, 2024, no management fees were payable to the Adviser. (2) During the nine months ended September 30, 2024, the Company accrued capital gains incentive fees of $138 based on the performance of its portfolio, all of which was based on unrealized appreciation. No capital gains incentive fees are actually payable by the Company with respect to unrealized gains unless and until those gains are actually realized. See Note 2 for a discussion of the methodology employed by the Company in calculating the capital gains incentive fees. (3) The Adviser agreed to waive all subordinated incentive fees on income accrued under the Advisory Agreement through March 31, 2025. As of September 30, 2024, no subordinated incentive fees on income were payable to the Adviser. (4) During the nine months ended September 30, 2024, $405 of administrative services expenses related to the allocation of costs of administrative personnel for services rendered to the Company by the Adviser and the remainder related to other reimbursable expenses, including reimbursement of fees related to transactional expenses for prospective investments, such as fees and expenses associated with performing due diligence reviews of investments that do not close, often referred to as “broken deal” costs. Broken deal costs were $42 for the nine months ended September 30, 2024. The Company paid $189 in administrative services expenses to the Adviser during the nine months ended September 30, 2024. (5) Represents the distribution/servicing fees retained by the Placement Agents and not re-allowed to selected broker-dealers or financial representatives. The following table reflects the amounts agreed to be paid by the Adviser and subject to reimbursement by the Company under the Expense Support Agreement and the expiration for future possible reimbursements by the Company: For the Three Months Ended Amount Expiration Date June 30, 2024 $ 347 June 30, 2027 September 30, 2024 662 September 30, 2027 Total $ 1,009

Distributions (Tables)

Distributions (Tables)	9 Months Ended
Distributions (Tables)	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Common Stock Transactions	Below is a summary of transactions with respect to shares of the Company’s Common Shares during the nine months ended September 30, 2024: Nine Months Ended September 30, 2024 Shares Amount Gross Proceeds from Offering 10,184,722 $ 257,164 Reinvestment of Distributions 82,862 2,100 Share Repurchase Program — — Net Proceeds from Share Transactions 10,267,584 $ 259,264 The following table reflects the cash distributions per share that the Company has declared on its Common Shares during the nine months ended September 30, 2024: For the Nine Months Ended Date Declared Distribution Record Date Payment Date Distribution per Share June 11, 2024 Regular June 28, 2024 July 29, 2024 $ 0.20 June 11, 2024 Special June 28, 2024 July 29, 2024 0.08 July 11, 2024 Regular July 31, 2024 August 28, 2024 0.20 July 31, 2024 Regular August 30, 2024 September 26, 2024 0.20 September 16, 2024 Regular September 30, 2024 October 29, 2024 0.20 September 16, 2024 Special September 30, 2024 October 29, 2024 0.08 Total $ 0.96
Schedule of Investment Company, Distribution To Shareholders	The following table reflects the sources of the cash distributions on a tax basis that the Company has paid on its Common Shares during the nine months ended September 30, 2024: Nine Months Ended September 30, 2024 Source of Distribution Distribution Amount Percentage Offering proceeds $ — — Borrowings — — Net investment income (1) 7,857 100 % Short-term capital gains proceeds from the sale of assets — — Long-term capital gains proceeds from the sale of assets — — Non-capital gains proceeds from the sale of assets — — Distributions on account of preferred and common equity — — Total $ 7,857 100 % ________________ (1) During the nine months ended September 30, 2024, 97.1% of the Company’s gross investment income was attributable to cash income earned, 0.8% was attributable to non-cash accretion of discount and 2.1% was attributable to paid-in-kind, or PIK, interest.

Investment Portfolio (Tables)

Investment Portfolio (Tables)	9 Months Ended
Investment Portfolio (Tables)	Sep. 30, 2024
Investment Company [Abstract]
Schedule of the Composition of Investment Portfolio	The following table summarizes the composition of the Company’s investment portfolio at cost and fair value as of September 30, 2024: September 30, 2024 Amortized Cost (1) Fair Value Percentage of Portfolio Senior Secured Loans—First Lien $ 233,984 $ 234,324 84.4 % Asset Based Finance 42,281 43,150 15.6 % Total $ 276,265 $ 277,474 100.0 % ________________ (1) Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments. The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of September 30, 2024: September 30, 2024 Industry Classification Fair Value Percentage of Portfolio Capital Goods $ 17,429 6.3 % Commercial & Professional Services 42,616 15.4 % Consumer Durables & Apparel 4,039 1.4 % Consumer Services 36,725 13.2 % Equity Real Estate Investment Trusts (REITs) 6,203 2.2 % Financial Services 14,376 5.2 % Health Care Equipment & Services 41,040 14.8 % Insurance 32,078 11.6 % Materials 18,923 6.8 % Real Estate Management & Development 20,213 7.3 % Software & Services 27,509 9.9 % Technology Hardware & Equipment 5,471 2.0 % Transportation 9,891 3.6 % Utilities 961 0.3 % Total $ 277,474 100.0 %

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
Financial Instruments (Tables)	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following is a summary of the fair value and location of the Company’s derivative instruments not designated as a qualifying hedge accounting relationship in the unaudited statements of assets and liabilities held as of September 30, 2024: Derivative Instrument Statement Location September 30, 2024 Foreign currency forward contracts Unrealized appreciation on foreign currency forward contracts $ — Foreign currency forward contracts Unrealized depreciation on foreign currency forward contracts (67) Total $ (67)
Schedule of Derivative Instruments, Gain (Loss)	Net realized and unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recorded by the Company for the nine months ended September 30, 2024 are in the following locations in the unaudited statements of operations: Derivative Instrument Statement Location Nine Months Ended Foreign currency forward contracts Net realized gain (loss) on foreign currency forward contracts $ 8 Foreign currency forward contracts Net change in unrealized appreciation (depreciation) on foreign currency forward contracts (67) Total $ (59)
Schedule of Derivative Assets	The following tables present the Company’s assets and liabilities related to derivatives by counterparty, net of amounts available for offset under a master netting arrangement and net of any collateral received or pledged by the Company for such assets and liabilities as of September 30, 2024: As of September 30, 2024 Counterparty Derivative Assets Subject to Master Netting Agreement Derivatives Available for Offset Non-cash Collateral Received (1) Cash Collateral Received (1) Net Amount of Derivative Assets (2) Goldman Sachs Bank USA $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — Counterparty Derivative Liabilities Subject to Master Netting Agreement Derivatives Available for Offset Non-cash Collateral Pledged (1) Cash Collateral Pledged (1) Net Amount of Derivative Liabilities (3) Goldman Sachs Bank USA $ (67) $ — $ — $ — $ (67) Total $ (67) $ — $ — $ — $ (67) ________________ (1) In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization . (2) Net amount of derivative assets represents the net amount due from the counterparty to the Company. (3) Net amount of derivative liabilities represents the net amount due from the Company to the counterparty.
Schedule of Derivative Liabilities	The following tables present the Company’s assets and liabilities related to derivatives by counterparty, net of amounts available for offset under a master netting arrangement and net of any collateral received or pledged by the Company for such assets and liabilities as of September 30, 2024: As of September 30, 2024 Counterparty Derivative Assets Subject to Master Netting Agreement Derivatives Available for Offset Non-cash Collateral Received (1) Cash Collateral Received (1) Net Amount of Derivative Assets (2) Goldman Sachs Bank USA $ — $ — $ — $ — $ — Total $ — $ — $ — $ — $ — Counterparty Derivative Liabilities Subject to Master Netting Agreement Derivatives Available for Offset Non-cash Collateral Pledged (1) Cash Collateral Pledged (1) Net Amount of Derivative Liabilities (3) Goldman Sachs Bank USA $ (67) $ — $ — $ — $ (67) Total $ (67) $ — $ — $ — $ (67) ________________ (1) In some instances, the actual amount of the collateral received and/or pledged may be more than the amount shown due to overcollateralization . (2) Net amount of derivative assets represents the net amount due from the counterparty to the Company. (3) Net amount of derivative liabilities represents the net amount due from the Company to the counterparty.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
Fair Value of Financial Instruments (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Hierarchy	As of September 30, 2024 , the Company’s investments were categorized as follows in the fair value hierarchy: Valuation Inputs September 30, 2024 Level 1—Price quotations in active markets $ — Level 2—Significant other observable inputs 20,213 Level 3—Significant unobservable inputs 257,261 $ 277,474
Schedule of Reconciliation Fair Value, Assets	The following is a reconciliation of investments for which significant unobservable inputs (Level 3) were used in determining fair value for the nine months ended September 30, 2024 : For the Nine Months Ended September 30, 2024 Senior Secured Loans—First Lien Asset Based Finance Total Fair value at beginning of period $ — $ — $ — Accretion of discount (amortization of premium) 44 28 72 Net realized gain (loss) — — — Net change in unrealized appreciation (depreciation) 340 527 867 Purchases 239,809 24,624 264,433 Paid-in-kind interest 28 158 186 Sales and repayments (5,897) (2,400) (8,297) Transfers into Level 3 — — — Transfers out of Level 3 — — — Fair value at end of period $ 234,324 $ 22,937 $ 257,261 The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date $ 340 $ 527 $ 867
Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Recurring Level 3 Fair Value	The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements as of September 30, 2024 were as follows: Type of Investment Fair Value at September 30, 2024 Valuation Unobservable Range (Weighted Average) Impact to Valuation from an Increase in Input (1) Senior Debt $ 220,941 Discounted Cash Flow Discount Rate 7.6% - 10.2% (8.9%) Decrease 13,383 Cost Asset Based Finance 17,448 Discounted Cash Flow Discount Rate 5.0% - 15.0% (7.6%) Decrease 5,489 Cost Total $ 257,261 ________________ (1) Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. A decrease to the input would have the opposite effect. Significant changes in these inputs in isolation could result in significantly higher or lower fair value measurements.

Financing Arrangements (Tables)

Financing Arrangements (Tables)	9 Months Ended
Financing Arrangements (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Outstanding Financing Arrangements and Interest Expense	The following table presents summary information with respect to the Company’s outstanding financing arrangement as of September 30, 2024 . For additional information regarding this financing arrangement, see Form 8-K filed with the SEC on July 9, 2024. Any significant changes to the Company’s financing arrangements during the three months ended September 30, 2024 are discussed below. As of September 30, 2024 Arrangement Type of Arrangement Rate Amount Amount Maturity Date Senior Secured Revolving Credit Facility (1) Revolving Credit Facility SOFR+2.125% (2) $ — $ 50,000 July 2, 2029 Total $ — $ 50,000 ________________ (1) The carrying amount outstanding under the facility approximates its fair value. (2) The benchmark rate is subject to a 0% floor. For the nine months ended September 30, 2024, the components of total interest expense for the Company’s financing arrangement were as follows: Nine Months Ended September 30, 2024 Arrangement (1) Direct Interest Expense Amortization of Deferred Financing Costs Total Interest Expense Senior Secured Revolving Credit Facility (2) $ 48 $ 48 $ 96 Total $ 48 $ 48 $ 96 ________________ (1) Borrowings of each of the Company’s wholly-owned, special-purpose financing subsidiaries are considered borrowings of the Company for purposes of complying with the asset coverage requirements applicable to BDCs under the 1940 Act. (2) Direct interest expense includes the effect of non-usage fees.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Unfunded Commitments	As of September 30, 2024 , the Company’s unfunded commitments consisted of the following: Category / Company (1) Commitment Amount Senior Secured Loans—First Lien Area Wide Protective Inc $ 3,666 Avetta LLC 737 Avetta LLC 1,032 Cadence Education LLC 353 Cadence Education LLC 408 Category / Company (1) Commitment Amount Carrier Fire Protection $ 438 Carrier Fire Protection 514 CLEAResult Consulting Inc 2,656 CLEAResult Consulting Inc 890 Community Brands Inc 568 Community Brands Inc 1,455 CSafe Global 158 Dental365 LLC 1,806 Dental365 LLC 4,389 DuBois Chemicals Inc 1,888 DuBois Chemicals Inc 1,888 Galway Partners Holdings LLC 677 Insightsoftware.Com Inc 293 Insightsoftware.Com Inc 193 Legends Hospitality LLC 600 Legends Hospitality LLC 300 MAI Capital Management LLC 926 MAI Capital Management LLC 2,464 Model N Inc 1,046 Model N Inc 1,961 Netsmart Technologies Inc 1,323 Netsmart Technologies Inc 1,350 OEConnection LLC 400 OEConnection LLC 640 PSC Group 44 PSC Group 136 Service Express Inc 1,646 Service Express Inc 2,890 Spotless Brands LLC 328 STV Group Inc 296 STV Group Inc 492 Turnpoint Services Inc 613 Turnpoint Services Inc 981 USIC Holdings Inc 726 USIC Holdings Inc 828 Wealth Enhancement Group LLC 298 Woolpert Inc 761 Woolpert Inc 1,559 Asset Based Finance Discover Financial Services, Subordinated Loan 2,559 Lennar Corp, Term Loan 892 Trinseo Materials Operating SCA / Trinseo Materials Finance Inc, Revolver 7,504 Total $ 57,572 Unfunded Equity/Other commitments $ 16,113 ____________________ (1) May be commitments to one or more entities affiliated with the named company.

Financial Highlights (Tables)

Financial Highlights (Tables)	9 Months Ended
Financial Highlights (Tables)	Sep. 30, 2024
Investment Company [Abstract]
Schedule of Investment Company, Financial Highlights	The following is a schedule of financial highlights of the Company for the nine months ended September 30, 2024 : Nine Months Ended Per Share Data: (1) Net asset value, beginning of period $ 25.00 Results of operations (2) Net investment income (loss) 1.89 Net realized gain (loss) and unrealized appreciation (depreciation) (0.56) Net increase (decrease) in net assets resulting from operations 1.33 Shareholder distributions (3) Distributions from net investment income (0.96) Net decrease in net assets resulting from shareholder distributions (0.96) Capital share transactions Issuance of Common Shares (4) — Net increase (decrease) in net assets resulting from capital share transactions — Net asset value, end of period $ 25.37 Shares outstanding, end of period 10,267,624 Total return based on net asset value (5) 5.32 % Ratio/Supplemental Data: Net assets, end of period $ 260,450 Ratio of net investment income to average net assets (6) 9.92 % Ratio of total operating expenses to average net assets (6) 4.50 % Ratio of waived expenses to average net assets (6) (3.63) % Ratio of net operating expenses to average net assets (6) 0.87 % Portfolio turnover (7) 6.21 % Total amount of senior securities outstanding, exclusive of treasury securities $ — Asset coverage per unit (8) — ____________________ (1) Per share data may be rounded in order to recompute the ending NAV per share. (2) The per share data was derived by using the weighted average shares outstanding during the applicable period. (3) The per share data for distributions reflect the actual amount of distributions paid per share during the applicable period. (4) The issuance of Common Shares on a per share basis reflects the incremental net asset value changes as a result of the issuance of Common Shares in connection with the Seed Contribution. The issuance of Common Shares at a price that is less than the net asset value per share results in a decrease in net asset value per share. (5) The total return based on NAV for each period presented was calculated by taking the NAV per share as of the end of the applicable period, adding the cash distributions per share that were declared during the period and dividing the total by the NAV per share at the beginning of the period. Total return based on NAV does not consider the effect of any sales commissions or charges that may be incurred in connection with the sale of Common Shares. The historical calculation of total return based on NAV in the table should not be considered a representation of the Company’s future total return based on NAV, which may be greater or less than the return shown in the table due to a number of factors, including the Company’s ability or inability to make investments in companies that meet its investment criteria, the interest rates payable on the debt securities the Company acquires, the level of the Company’s expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which the Company encounters competition in its markets and general economic conditions. As a result of these factors, results for any previous period should not be relied upon as being indicative of performance in future periods. The total return calculations set forth above represent the total return on the Company’s investment portfolio during the applicable period and do not represent an actual return to shareholders. (6) Weighted average net assets during the applicable period are used for this calculation. Ratios for the nine months ended September 30, 2024 are annualized, with the exception of capital gains incentive fees. Annualized ratios for the nine months ended September 30, 2024 are not necessarily indicative of the ratios that may be expected for the year ending December 31, 2024. The following is a schedule of supplemental ratios for the nine months ended September 30, 2024: Nine Months Ended Ratio of accrued capital gains incentive fees to average net assets 0.12 % Ratio of interest expense to average net assets 0.11 % (7) Portfolio turnover for the nine months ended September 30, 2024 is not annualized. (8) Asset coverage per unit is the ratio of the carrying value of the Company’s total assets, less liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Organizational expenses	$ 1,500
Payments form adviser in organizational and offering expenses	2,140	$ 1,026
Structuring Fees
Related Party Transaction [Line Items]
Structuring fee revenue	$ 608
Investment Advisory Agreement - Incentive Rate, Quarterly In Arrears \| Related Party
Related Party Transaction [Line Items]
Incentive fee percentage	12.50%
Investment Advisory Agreement - Incentive Rate, Quarterly Hurdle Rate \| Related Party
Related Party Transaction [Line Items]
Incentive fee percentage	1.25%
Investment Advisory Agreement - Incentive Rate, Annualized Hurdle Rate \| Related Party
Related Party Transaction [Line Items]
Incentive fee percentage	5%
Investment Advisory Agreement - Incentive Rate, Quarterly Catch-Up Threshold \| Related Party
Related Party Transaction [Line Items]
Incentive fee percentage	1.43%
Investment Advisory Agreement - Incentive Rate, Annualized Catch-Up Threshold \| Related Party
Related Party Transaction [Line Items]
Incentive fee percentage	5.72%
Investment Advisory Agreement - Incentive Rate, Realized Capital Gains \| Related Party
Related Party Transaction [Line Items]
Incentive fee percentage	12.50%

Share Transactions - Schedule o

Share Transactions - Schedule of Common Stock Transactions (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) shares
Investment Company, Change in Net Assets [Line Items]
Gross Proceeds from Offering	$ 257,164
Reinvestment of Distributions (in shares) \| shares	82,862
Reinvestment of Distributions	$ 2,100
Net Proceeds from Share Transactions (in shares) \| shares	10,267,584
Net Proceeds from Share Transactions	$ 259,264
Share Repurchase Program
Investment Company, Change in Net Assets [Line Items]
Share Repurchase Program (in shares) \| shares	0
Share Repurchase Program	$ 0
IPO
Investment Company, Change in Net Assets [Line Items]
Gross Proceeds from Offering (in shares) \| shares	10,184,722
Gross Proceeds from Offering	$ 257,164

Share Transactions - Narrative

Share Transactions - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended	3 Months Ended	9 Months Ended
		Mar. 29, 2024	Oct. 31, 2024	Sep. 30, 2024	Sep. 30, 2024	Aug. 01, 2024
Investment Company, Change in Net Assets [Line Items]
Issuance of capital					$ 257,164
Reinvestment of distributions	[1]			$ 2,100	$ 2,100
Reinvestment of distributions (in shares)					82,862
Discretionary Share Repurchase Program
Investment Company, Change in Net Assets [Line Items]
Percentage of common shares outstanding				5%
Early repurchase deduction percentage					2%
Stock repurchased (in shares)				0	0
Private Placement
Investment Company, Change in Net Assets [Line Items]
Called capital contributions					$ 60,000
Share issued, price per share (in dollars per share)						$ 3,000
Original issuance amount (in dollars per share)						$ 300
Class S Shares
Investment Company, Change in Net Assets [Line Items]
Gross proceeds from offering (in shares)					10,267,584
Issuance of capital					$ 259,264
Share price (in dollars per share)				$ 25.25	$ 25.25
Class S Shares \| Subsequent Event
Investment Company, Change in Net Assets [Line Items]
Gross proceeds from offering (in shares)			1,350,797
Issuance of capital			$ 34,269
Share price (in dollars per share)			$ 25.37
Reinvestment of distributions			$ 1,310
Reinvestment of distributions (in shares)			51,645
Class S Shares \| Private Placement
Investment Company, Change in Net Assets [Line Items]
Gross proceeds from offering (in shares)					10,267,624
Issuance of capital					$ 259,265
Number of shares issued in capital contributions exchange (in shares)					2,393,528
Capital committed					$ 60,000
Series A Preferred Stock
Investment Company, Change in Net Assets [Line Items]
Preferred stock, shares issued (in shares)		515
Dividends		12%
Preferred stock, par value (in dollars per share)		$ 0.001
Share issued, price per share (in dollars per share)		3,000
Liquidation preference (in dollars per share)		$ 3,000
Series A Cumulative Preferred Shares
Investment Company, Change in Net Assets [Line Items]
Preferred stock, designated percentage		12%

[1]See Note 3 for a discussion of the Company’s capital share transactions

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Period subject to expense reimbursement			3 years
Expense payments subject to reimbursement	$ 1,376		$ 2,027
Related Party
Related Party Transaction [Line Items]
Capital committed			$ 35,000
Committed capital term of commitment			3 years
Compensation Of The Investment Adviser And Its Affiliates \| Related Party
Related Party Transaction [Line Items]
Base management fee rate			1.25%
Distribution And Servicing Fee \| Related Party
Related Party Transaction [Line Items]
Base management fee rate			0.85%
Seed Contributions Called And Funded \| Related Party
Related Party Transaction [Line Items]
Capital committed			$ 35,000
Third-party Private Investors Called And Funded \| Related Party
Related Party Transaction [Line Items]
Capital committed			$ 25,000
Expense Support Agreement \| Related Party
Related Party Transaction [Line Items]
Committed capital term of commitment			90 days
Expense payments subject to reimbursement	$ 662	$ 347	$ 1,009	$ 0

Related Party Transactions - Fe

Related Party Transactions - Fees And Expenses Accrued (Details) - USD ($)		3 Months Ended	9 Months Ended
		Sep. 30, 2024	Sep. 30, 2024
Related Party Transaction [Line Items]
Management fees		$ 649,000	$ 960,000
Capital gains incentive fees	[1]	111,000	138,000
Subordinated income incentive fees	[1]	727,000	1,067,000
Administrative services expense		267,000	447,000
Distribution/servicing fees		349,000	461,000
Related Party
Related Party Transaction [Line Items]
Management fees		649,000	960,000
Capital gains incentive fees		111,000	138,000
Subordinated income incentive fees		727,000	1,067,000
Administrative services expense		267,000	447,000
Distribution/servicing fees		$ 0	0
Base management fees paid			0
Payment for subordinated income incentive fee			0
Allocation of costs of administrative personnel for services rendered			405,000
Broken deal cost			42,000
Payment for administrative services expenses			$ 189,000

[1] See Note 2 and 4 for a discussion of the methodology employed by the Company in calculating the subordinated income incentive fees and capital gains incentive fees.

Related Party Transactions - _2

Related Party Transactions - Fees And Reimbursement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Total	$ 1,376		$ 2,027
Expense Support Agreement \| Related Party
Related Party Transaction [Line Items]
Total	$ 662	$ 347	$ 1,009	$ 0

Distributions - Cash Distributi

Distributions - Cash Distributions (Details)	9 Months Ended
Distributions - Cash Distributions (Details)	Sep. 30, 2024 $ / shares
Investment Company, Financial Highlights [Line Items]
Regular Distribution (in dollars per share)	$ 0.96
Common Stock
Investment Company, Financial Highlights [Line Items]
Regular Distribution (in dollars per share)	0.96
Common Stock \| O 2024 M6 Dividends
Investment Company, Financial Highlights [Line Items]
Regular Distribution (in dollars per share)	0.20
Common Stock \| S 2024 M6 Dovidends
Investment Company, Financial Highlights [Line Items]
Regular Distribution (in dollars per share)	0.08
Common Stock \| O 2024 M7 Dividends
Investment Company, Financial Highlights [Line Items]
Regular Distribution (in dollars per share)	0.20
Common Stock \| O 2024 M7.1 Dividends
Investment Company, Financial Highlights [Line Items]
Regular Distribution (in dollars per share)	0.20
Common Stock \| O 2024 M9 Dividends
Investment Company, Financial Highlights [Line Items]
Regular Distribution (in dollars per share)	0.20
Common Stock \| S 2024 M9 Dividends
Investment Company, Financial Highlights [Line Items]
Regular Distribution (in dollars per share)	$ 0.08

Distributions - Schedule of Inv

Distributions - Schedule of Investment Company, Distribution to Shareholders (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)
Percentage
Gross investment income, percentage attributable to cash income earned		0.971
Gross investment income, percentage attributable to non-cash accretion of discount		0.008
Gross investment income, percentage attributable to paid-in-kind interest		0.021
Common Stock
Distribution Amount
Offering proceeds		$ 0
Borrowings		0
Net investment income		7,857
Short-term capital gains proceeds from the sale of assets		0
Long-term capital gains proceeds from the sale of assets		0
Non-capital gains proceeds from the sale of assets		0
Distributions on account of preferred and common equity		0
Total	$ 6,150	$ 7,857
Percentage
Offering proceeds		0
Borrowings		0
Net investment income		1
Short-term capital gains proceeds from the sale of assets		0
Long-term capital gains proceeds from the sale of assets		0
Non-capital gains proceeds from the sale of assets		0
Distributions on account of preferred and common equity		0
Total		1

Distributions- Narrative (Detai

Distributions- Narrative (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Income Tax Disclosure [Abstract]
Unrealized appreciation on a tax basis	$ 1,667
Unrealized depreciation on a tax basis	456
Aggregate cost of investments for income tax purposes	276,198
Aggregate net unrealized appreciation (depreciation) on investments on a tax basis	$ 1,276

Investment Portfolio - Composit

Investment Portfolio - Composition by Investment Type (Details) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Amortized Cost		$ 276,265		$ 0
Fair Value		$ 277,474	[1]	$ 0
Percentage of Portfolio \| Investment Type Risk
Schedule of Investments [Line Items]
Percentage of Portfolio		100%
Senior Secured Loans—First Lien
Schedule of Investments [Line Items]
Amortized Cost		$ 233,984
Fair Value	[1]	$ 234,324
Senior Secured Loans—First Lien \| Percentage of Portfolio \| Investment Type Risk
Schedule of Investments [Line Items]
Percentage of Portfolio		84.40%
Asset Based Finance
Schedule of Investments [Line Items]
Amortized Cost		$ 42,281
Fair Value	[1]	$ 43,150
Asset Based Finance \| Percentage of Portfolio \| Investment Type Risk
Schedule of Investments [Line Items]
Percentage of Portfolio		15.60%

[1]See Note 8 for additional information regarding the fair value of the Company’s financial instruments

Investment Portfolio - Narrativ

Investment Portfolio - Narrative (Details) $ in Thousands	Sep. 30, 2024 USD ($) portfolio_company
Schedule of Investments [Line Items]
Unfunded commitments	$ 57,572
Unfunded equity/other commitments	$ 16,113
Controlled/affiliated investments
Schedule of Investments [Line Items]
Number of investments in portfolio companies \| portfolio_company	1

Investment Portfolio - Compos_2

Investment Portfolio - Composition by Industry Sector (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Fair Value	$ 277,474	[1]	$ 0
Capital Goods
Schedule of Investments [Line Items]
Fair Value	17,429
Commercial & Professional Services
Schedule of Investments [Line Items]
Fair Value	42,616
Consumer Durables & Apparel
Schedule of Investments [Line Items]
Fair Value	4,039
Consumer Services
Schedule of Investments [Line Items]
Fair Value	36,725
Equity Real Estate Investment Trusts (REITs)
Schedule of Investments [Line Items]
Fair Value	6,203
Financial Services
Schedule of Investments [Line Items]
Fair Value	14,376
Health Care Equipment & Services
Schedule of Investments [Line Items]
Fair Value	41,040
Insurance
Schedule of Investments [Line Items]
Fair Value	32,078
Materials
Schedule of Investments [Line Items]
Fair Value	18,923
Real Estate Management & Development
Schedule of Investments [Line Items]
Fair Value	20,213
Software & Services
Schedule of Investments [Line Items]
Fair Value	27,509
Technology Hardware & Equipment
Schedule of Investments [Line Items]
Fair Value	5,471
Transportation
Schedule of Investments [Line Items]
Fair Value	9,891
Utilities
Schedule of Investments [Line Items]
Fair Value	$ 961
Percentage of Portfolio \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	100%
Percentage of Portfolio \| Capital Goods \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	6.30%
Percentage of Portfolio \| Commercial & Professional Services \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	15.40%
Percentage of Portfolio \| Consumer Durables & Apparel \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	1.40%
Percentage of Portfolio \| Consumer Services \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	13.20%
Percentage of Portfolio \| Equity Real Estate Investment Trusts (REITs) \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	2.20%
Percentage of Portfolio \| Financial Services \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	5.20%
Percentage of Portfolio \| Health Care Equipment & Services \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	14.80%
Percentage of Portfolio \| Insurance \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	11.60%
Percentage of Portfolio \| Materials \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	6.80%
Percentage of Portfolio \| Real Estate Management & Development \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	7.30%
Percentage of Portfolio \| Software & Services \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	9.90%
Percentage of Portfolio \| Technology Hardware & Equipment \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	2%
Percentage of Portfolio \| Transportation \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	3.60%
Percentage of Portfolio \| Utilities \| Industry Concentration Risk
Schedule of Investments [Line Items]
Percentage of Portfolio	0.30%

[1]See Note 8 for additional information regarding the fair value of the Company’s financial instruments

Financial Instruments - Schedul

Financial Instruments - Schedule of Derivative Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized appreciation on foreign currency forward contracts	$ 0
Unrealized depreciation on foreign currency forward contracts	67	$ 0
Total	(67)
Foreign Exchange Forward
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Unrealized appreciation on foreign currency forward contracts	0
Unrealized depreciation on foreign currency forward contracts	$ (67)

Financial instruments - Sched_2

Financial instruments - Schedule of Net Realized and Unrealized Gains or Losses (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Derivative Instruments, Gain (Loss) [Line Items]
Net change in unrealized appreciation (depreciation) on foreign currency forward contracts	$ (67)	$ (67)
Total		(59)
Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Net realized gain (loss) on foreign currency forward contracts		8
Net change in unrealized appreciation (depreciation) on foreign currency forward contracts		$ (67)

Financial Instruments - Sched_3

Financial Instruments - Schedule of Derivative Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Derivative Assets
Derivative Assets Subject to Master Netting Agreement	$ 0
Derivatives Available for Offset	0
Non-cash Collateral Received	0
Cash Collateral Received	0
Net Amount of Derivative Assets	0
Derivative Liabilities
Derivative Liabilities Subject to Master Netting Agreement	(67)	$ 0
Derivatives Available for Offset	0
Non-cash Collateral Pledged	0
Cash Collateral Pledged	0
Net Amount of Derivative Liabilities	(67)
Goldman Sachs Bank USA
Derivative Assets
Derivative Assets Subject to Master Netting Agreement	0
Derivatives Available for Offset	0
Non-cash Collateral Received	0
Cash Collateral Received	0
Net Amount of Derivative Assets	0
Derivative Liabilities
Derivative Liabilities Subject to Master Netting Agreement	(67)
Derivatives Available for Offset	0
Non-cash Collateral Pledged	0
Cash Collateral Pledged	0
Net Amount of Derivative Liabilities	$ (67)

Financial Instruments - Narrati

Financial Instruments - Narrative (Details) $ in Thousands	3 Months Ended
Financial Instruments - Narrative (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Foreign Exchange Forward
Derivative [Line Items]
Foreign currency forward contracts	$ 2,597

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Sep. 30, 2024		Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, at fair value	$ 277,474	[1]	$ 0
Level 1—Price quotations in active markets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, at fair value	0
Level 2—Significant other observable inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, at fair value	20,213
Level 3—Significant unobservable inputs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, at fair value	$ 257,261

[1]See Note 8 for additional information regarding the fair value of the Company’s financial instruments

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Roll Forward Level III (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Senior Secured Loans—First Lien
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	$ 0
Accretion of discount (amortization of premium)	44
Purchases	239,809
Paid-in-kind interest	28
Sales and repayments	(5,897)
Transfers into Level 3	0
Transfers out of Level 3	0
Fair value at end of period	234,324
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date	340
Senior Secured Loans—First Lien \| Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized gain (loss)/ Net change in unrealized appreciation (depreciation)	0
Senior Secured Loans—First Lien \| Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized gain (loss)/ Net change in unrealized appreciation (depreciation)	340
Total
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	0
Accretion of discount (amortization of premium)	72
Purchases	264,433
Paid-in-kind interest	186
Sales and repayments	(8,297)
Transfers into Level 3	0
Transfers out of Level 3	0
Fair value at end of period	257,261
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date	867
Total \| Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized gain (loss)/ Net change in unrealized appreciation (depreciation)	0
Total \| Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized gain (loss)/ Net change in unrealized appreciation (depreciation)	867
Total \| Asset Based Finance
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value at beginning of period	0
Accretion of discount (amortization of premium)	28
Purchases	24,624
Paid-in-kind interest	158
Sales and repayments	(2,400)
Transfers into Level 3	0
Transfers out of Level 3	0
Fair value at end of period	22,937
The amount of total gains or losses for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date	527
Total \| Asset Based Finance \| Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized gain (loss)/ Net change in unrealized appreciation (depreciation)	0
Total \| Asset Based Finance \| Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized gain (loss)/ Net change in unrealized appreciation (depreciation)	$ 527

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Unobservable Inputs (Details) $ in Thousands	Sep. 30, 2024 USD ($)		Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, at fair value	$ 277,474	[1]	$ 0
Level 3—Significant unobservable inputs
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, at fair value	257,261
Level 3—Significant unobservable inputs \| Senior Debt \| Discounted Cash Flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, at fair value	$ 220,941
Level 3—Significant unobservable inputs \| Senior Debt \| Discounted Cash Flow \| Range (Weighted Average) \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.076
Level 3—Significant unobservable inputs \| Senior Debt \| Discounted Cash Flow \| Range (Weighted Average) \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.102
Level 3—Significant unobservable inputs \| Senior Debt \| Discounted Cash Flow \| Range (Weighted Average) \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.089
Level 3—Significant unobservable inputs \| Senior Debt \| Cost
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, at fair value	$ 13,383
Level 3—Significant unobservable inputs \| Asset Based Finance
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, at fair value	$ 17,448
Level 3—Significant unobservable inputs \| Asset Based Finance \| Range (Weighted Average) \| Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.05
Level 3—Significant unobservable inputs \| Asset Based Finance \| Range (Weighted Average) \| Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.15
Level 3—Significant unobservable inputs \| Asset Based Finance \| Range (Weighted Average) \| Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.076
Level 3—Significant unobservable inputs \| Asset Based Finance \| Cost
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments, at fair value	$ 5,489

[1]See Note 8 for additional information regarding the fair value of the Company’s financial instruments

Financing Arrangements - Narrat

Financing Arrangements - Narrative (Details) - USD ($) $ in Thousands		9 Months Ended
	Jul. 02, 2024	Sep. 30, 2024
Debt Instrument [Line Items]
Senior securities amount		$ 0
Asset coverage per ratio		100%
Average outstanding amount		$ 0
Weighted average interest rate		0.38%
Effective interest rate percentage		0.38%
Revolving Credit Facility \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Initial aggregate amount	$ 50,000
Revolving Credit Facility \| Senior Secured Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Initial aggregate amount	$ 250,000
Basis spread on variable rate	1.125%	2.125%
Commitment fee percentage	0.375%
Asset coverage per ratio	150%
Letter of Credit \| Senior Secured Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Initial aggregate amount	$ 10,000

Financing Arrangements - Outsta

Financing Arrangements - Outstanding Financing Arrangements (Details) - USD ($) $ in Thousands		9 Months Ended
	Jul. 02, 2024	Sep. 30, 2024
Debt Instrument [Line Items]
Amount Outstanding		$ 0
Amount Available		$ 50,000
Line of Credit \| Revolving Credit Facility \| Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.125%	2.125%
Amount Outstanding		$ 0
Amount Available		$ 50,000
Floor on benchmark rate		0%
Line of Credit \| Revolving Credit Facility \| Senior Secured Revolving Credit Facility \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.125%

Financing Arrangements - Intere

Financing Arrangements - Interest Expense (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Short-Term Debt [Line Items]
Direct Interest Expense	$ 48
Amortization of Deferred Financing Costs	48
Total Interest Expense	96
Revolving Credit Facility \| Senior Secured Revolving Credit Facility \| Line of Credit
Short-Term Debt [Line Items]
Direct Interest Expense	48
Amortization of Deferred Financing Costs	48
Total Interest Expense	$ 96

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($)	1 Months Ended	9 Months Ended
	Nov. 08, 2024	Sep. 30, 2024	May 09, 2024	Dec. 31, 2023
Financial Support for Nonconsolidated Legal Entity [Line Items]
Long-term purchase commitment, termination insolvency proceeding period			60 days
Capital condition amount			$ 250,000,000
Payable for investments purchased		$ 46,025,000		$ 0
Unfunded commitments		57,572,000
Guarantee commitment		0		$ 0
Affiliated Entity
Financial Support for Nonconsolidated Legal Entity [Line Items]
Cost basis of investments purchase		83,222,000
Payable for investments purchased		32,333,000
Debt Securities, Revolving Credit Facility
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments		24,348,000
Debt Securities, Delayed Draw Term Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments		33,224,000
Debt Securities
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unrealized appreciation (depreciation) on unfunded commitments		$ (25,000)
Subsequent Event \| Affiliated Entity
Financial Support for Nonconsolidated Legal Entity [Line Items]
Cost basis of investments purchase	$ 9,101,000

Commitments and Contingencies_2

Commitments and Contingencies - Unfunded Commitments (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	$ 57,572
Unfunded Equity/Other commitments	16,113
Investment, Identifier [Axis]: Area Wide Protective Inc
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	3,666
Investment, Identifier [Axis]: Avetta LLC 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	737
Investment, Identifier [Axis]: Avetta LLC 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,032
Investment, Identifier [Axis]: CLEAResult Consulting Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	2,656
Investment, Identifier [Axis]: CLEAResult Consulting Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	890
Investment, Identifier [Axis]: CSafe Global
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	158
Investment, Identifier [Axis]: Cadence Education LLC 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	353
Investment, Identifier [Axis]: Cadence Education LLC 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	408
Investment, Identifier [Axis]: Carrier Fire Protection 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	438
Investment, Identifier [Axis]: Carrier Fire Protection 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	514
Investment, Identifier [Axis]: Community Brands Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	568
Investment, Identifier [Axis]: Community Brands Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,455
Investment, Identifier [Axis]: Dental365 LLC 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,806
Investment, Identifier [Axis]: Dental365 LLC 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	4,389
Investment, Identifier [Axis]: Discover Financial Services, Subordinated Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	2,559
Investment, Identifier [Axis]: DuBois Chemicals Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,888
Investment, Identifier [Axis]: DuBois Chemicals Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,888
Investment, Identifier [Axis]: Galway Partners Holdings LLC
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	677
Investment, Identifier [Axis]: Insightsoftware.Com Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	293
Investment, Identifier [Axis]: Insightsoftware.Com Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	193
Investment, Identifier [Axis]: Legends Hospitality LLC 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	600
Investment, Identifier [Axis]: Legends Hospitality LLC 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	300
Investment, Identifier [Axis]: Lennar Corp, Term Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	892
Investment, Identifier [Axis]: MAI Capital Management LLC 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	926
Investment, Identifier [Axis]: MAI Capital Management LLC 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	2,464
Investment, Identifier [Axis]: Model N Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,046
Investment, Identifier [Axis]: Model N Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,961
Investment, Identifier [Axis]: Netsmart Technologies Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,323
Investment, Identifier [Axis]: Netsmart Technologies Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,350
Investment, Identifier [Axis]: OEConnection LLC 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	400
Investment, Identifier [Axis]: OEConnection LLC 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	640
Investment, Identifier [Axis]: PSC Group 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	44
Investment, Identifier [Axis]: PSC Group 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	136
Investment, Identifier [Axis]: STV Group Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	296
Investment, Identifier [Axis]: STV Group Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	492
Investment, Identifier [Axis]: Service Express Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	1,646
Investment, Identifier [Axis]: Service Express Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	2,890
Investment, Identifier [Axis]: Spotless Brands LLC
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	328
Investment, Identifier [Axis]: Trinseo Materials Operating SCA / Trinseo Materials Finance Inc, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	7,504
Investment, Identifier [Axis]: Turnpoint Services Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	613
Investment, Identifier [Axis]: Turnpoint Services Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	981
Investment, Identifier [Axis]: USIC Holdings Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	726
Investment, Identifier [Axis]: USIC Holdings Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	828
Investment, Identifier [Axis]: Wealth Enhancement Group LLC
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	298
Investment, Identifier [Axis]: Woolpert Inc 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	761
Investment, Identifier [Axis]: Woolpert Inc 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	$ 1,559

Financial Highlights (Details)

Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Investment Company, Financial Highlights [Roll Forward]
Net asset value, beginning of period (in dollars per share)	$ 25
Results of operations
Net investment income (loss) (in dollars per share)	1.89
Net realized gain (loss) and unrealized appreciation (depreciation) (in dollars per share)	(0.56)
Net increase (decrease) in net assets resulting from operations (in dollars per share)	1.33
Shareholder distributions
Distributions from net investment income (in dollars per share)	(0.96)
Net decrease in net assets resulting from shareholder distributions (in dollars per share)	(0.96)
Capital share transactions
Issuance of Common Shares (in dollars per share)	0
Net increase (decrease) in net assets resulting from capital share transactions (in dollars per share)	0
Net asset value, end of period (in dollars per share)	$ 25.37
Shares outstanding, end of period (in shares)	10,267,624		40
Total return based on net asset value	5.32%
Ratio/Supplemental Data:
Net assets, end of period	$ 260,450	$ 154,549	$ 1
Ratio of net investment income to average net assets	9.92%
Ratio of total operating expenses to average net assets	4.50%
Ratio of waived expenses to average net assets	(3.63%)
Ratio of net operating expenses to average net assets	0.87%
Portfolio turnover	6.21%
Total amount of senior securities outstanding, exclusive of treasury securities	$ 0
Asset coverage per unit (in dollars per share)	$ 0
Ratio of accrued capital gains incentive fees to average net assets	0.12%
Ratio of interest expense to average net assets	0.11%

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands							9 Months Ended
	Dec. 27, 2024	Nov. 26, 2024	Nov. 07, 2024	Nov. 01, 2024	Oct. 10, 2024	Oct. 01, 2024	Sep. 30, 2024
Subsequent Event [Line Items]
Net Proceeds from Share Transactions (in shares)							10,267,584
Net Proceeds from Share Transactions							$ 259,264
Subsequent Event
Subsequent Event [Line Items]
Distribution cash paid per share (in dollars per share)					$ 0.2
Distributions declared per share (in dollars per share)			$ 0.2
Subsequent Event \| Private Placement
Subsequent Event [Line Items]
Net Proceeds from Share Transactions (in shares)						1,299,152
Net Proceeds from Share Transactions				$ 35,830		$ 32,959
Forecast
Subsequent Event [Line Items]
Distribution cash paid per share (in dollars per share)	$ 0.2
Distributions declared per share (in dollars per share)		$ 0.2