Muzinich Direct Lending Income Fund 10-Q 12 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 12, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	Muzinich Corporate Lending Income Fund, Inc.
Entity Central Index Key	0001985375
Securities Act File Number	814-01659
Entity Tax Identification Number	93-2545381
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	450 Park Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
Entity Phone Fax Numbers [Line Items]
City Area Code	(212)
Local Phone Number	888-3413
Entity Listings [Line Items]
No Trading Symbol Flag	true
Security Exchange Name	NONE
Title of 12(g) Security	Common Stock, par value $0.001 per share
Entity Common Stock, Shares Outstanding		72,025.7

Consolidated Statements of Asse

Consolidated Statements of Assets and Liabilities - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Assets:
Non-controlled/non-affiliated investments, at fair value (amortized cost of $71,311,317 and $0, respectively)	$ 71,427,537
Cash and cash equivalents	7,322,332	1,000
Receivables:
Interest and other	536,320
Total Assets	79,286,189	1,000
Liabilities:
Management fees payable	223,581
Organizational and offering fees payable	365,462
Professional fees payable	296,442
Securities purchased	6,111,311
Incentive fees payable	14,746
Accrued other general and administrative expenses	38,255
Total Liabilities	7,049,797
Commitments and Contingencies (Note 4)
Net Assets:
Preferred Shares, $0.001 par value; 15,000 shares authorized, and 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023
Common Shares, $0.001 par value; 1,000,000 shares authorized, 72,025.7 shares issued and outstanding as of June 30, 2024; and 1,000,000 shares authorized, 1 share issued and outstanding as of December 31, 2023	72
Additional paid-in capital	72,025,618	1,000
Total distributable (accumulated) earnings (losses)	210,702
Total Net Assets	72,236,392	1,000
Total Liabilities and Net Assets	$ 79,286,189	$ 1,000
Net Asset Value Per Share (in Dollars per share)	$ 1,002.92	$ 1,000

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Parentheticals) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Assets:
Amortized cost (in Dollars)	$ 71,311,317	$ 0
Preferred shares, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred shares, shares authorized	15,000	15,000
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0
Common shares, par value (in Dollars per share)	$ 0.001	$ 0.001
Common shares, shares authorized	1,000,000	1,000,000
Common shares, shares issued	72,025.7	1
Common shares, shares outstanding	72,025.7	1

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Investment Income
Interest income	$ 1,357,930	$ 3,099,178
Total investment income from non-controlled/non-affiliated investments and cash equivalents:	1,357,930	3,099,178
Total Investment Income	1,357,930	3,099,178
Expenses:
Management fees	223,581	400,630
Organizational fees (Note 4)	(14,943)	175,257
Offering fees (Note 4)	190,205	190,205
Professional fees	183,595	449,601
Directors’ fees and expenses	45,000	90,000
Purchased accrued interest expense	189,467	1,025,899
Incentive fees expense	14,746	14,746
Other general and administrative expenses	33,193	67,502
Total Expenses	864,844	2,413,840
Net Investment Income	493,086	685,338
Net Realized gains/(losses) and unrealized appreciation/(depreciation) on investments
Non-controlled/non-affiliated investments	(7,784)	1,711
Total net realized gains/(losses)	(7,784)	1,711
Net change in unrealized appreciation/(depreciation):
Non-controlled/non-affiliated investments	166,550	116,221
Total net change in unrealized appreciation/(depreciation)	166,550	116,221
Total net realized gains/(losses) and unrealized appreciation/(depreciation) on investments	158,766	117,932
Net Increase (Decrease) in Net Assets Resulting from Operations	$ 651,852	$ 803,270
Basic net investment income (loss) per common share (in Dollars per share)	$ 6.85	$ 10.56
Basic net increase (decrease) in net assets resulting from operations per common share (in Dollars per share)	$ 9.05	$ 12.38
Weighted Average Common Shares Outstanding - Basic (See Note 8) (in Shares)	72,012.4	64,885.8

Consolidated Statements of Op_2

Consolidated Statements of Operations (Unaudited) (Parentheticals) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Income Statement [Abstract]
Diluted net investment income (loss) per common share	$ 6.85	$ 10.56
Diluted net increase (decrease) in net assets resulting from operations per common share	$ 9.05	$ 12.38
Weighted Average Common Shares Outstanding - Diluted (in Shares)	72,001	64,880.1

Consolidated Statements of Chan

Consolidated Statements of Changes in Net Assets (Unaudited)	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares
Increase (Decrease) in Net Assets Resulting from Operations:
Net investment income	$ 493,086	$ 685,338
Total net realized gains/(losses)	(7,784)	1,711
Total net change in unrealized depreciation	166,550	116,221
Net Increase (Decrease) in Net Assets Resulting from Operations	651,852	803,270
Decrease in Net Assets Resulting from Stockholder Distributions
Dividends and distributions to stockholders	(592,568)	(592,568)
Dividends and distributions reinvested	24,690	24,690
Net Decrease in Net Assets Resulting from Stockholder Distributions	(567,878)	(567,878)
Increase in Net Assets Resulting from Capital Share Transactions
Issuance of common shares	213,426	72,000,000
Net Increase in Net Assets Resulting from Capital Share Transactions	213,426	72,000,000
Total Increase in Net Assets	297,400	72,235,392
Net Assets, Beginning of Period	71,938,992	1,000
Net Assets, End of Period	$ 72,236,392	$ 72,236,392
Net asset value per share (in Dollars per share) | $ / shares	$ 1,002.92	$ 1,002.92
Common shares outstanding at the end of the Period (in Shares) | shares	72,025.7	72,025.7

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited)	6 Months Ended
	Jun. 30, 2024 USD ($)
Cash Flows from Operating Activities:
Net increase (decrease) in net assets resulting from operations	$ 803,270
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net change in unrealized (appreciation)/depreciation on investments	(116,221)
Net realized (gains)/losses on investments	(1,711)
Net accretion of discount and amortization of premium on investments	(352,775)
Purchases and drawdowns of investments	(144,790,811)
Sales and maturities of and principal paydowns on investments	73,833,981
Changes in operating assets and liabilities:
Interest and other	(536,320)
Management fees payable	223,581
Organizational and offering fees payable	365,462
Professional fees payable	296,442
Securities purchased	6,111,311
Incentive fees payable	14,746
Accrued other general and administrative expenses	38,255
Net cash provided by (used in) operating activities	(64,110,790)
Cash Flows from Financing Activities:
Distributions paid in cash	(592,568)
Distributions reinvested	24,690
Proceeds from issuance of common shares	72,000,000
Cash provided by (used in) financing activities	71,432,122
Net increase (decrease) in cash and cash equivalents	7,321,332
Cash and cash equivalents, beginning of period	1,000
Cash and cash equivalents, end of period	$ 7,322,332

Schedule of Investments (Unaudi

Schedule of Investments (Unaudited)	6 Months Ended
	Jun. 30, 2024 USD ($)
Corporate Bond Investments
Cost	$ 71,311,317
Percentage of Net Assets	65.20%
Corporate Bond Investments [Member]
Corporate Bond Investments
Cost	$ 34,385,730
Corporate Bond Investments [Member] | Total Non-Controlled/Non-Affiliated Investments [Member]
Corporate Bond Investments
Cost	34,385,730	[1]
Principal / Units	$ 34,679,667
Percentage of Net Assets	47.60%
Fair Value	$ 34,387,452	[2]
Equity Investments - Preferred Stock [Member]
Corporate Bond Investments
Cost	495,570
Short-Term Investments [Member]
Corporate Bond Investments
Cost	24,449,048	[1]
Principal / Units	$ 24,675,000
Percentage of Net Assets	33.80%
Fair Value	$ 24,448,910	[2]
Short-Term Investments [Member] | United States Treasury Bill [Member]
Corporate Bond Investments
Cost	4,768,149	[1],[3]
Principal / Units	$ 4,775,000	[3]
Percentage of Net Assets	6.60%	[3]
Fair Value	$ 4,768,056	[2]
Interest Rate/Discount Rate	5.31%	[3]
LIBOR Floor		[3]
Maturity/ Expiration Date	Jul. 11, 2024	[3]
Acquisition Date	Jan. 24, 2024	[3]
Spread Above Index		[3]
Short-Term Investments [Member] | United States Treasury Bill One [Member]
Corporate Bond Investments
Cost	$ 15,043,755	[1],[3]
Principal / Units	$ 15,200,000	[3]
Percentage of Net Assets	20.80%	[3]
Fair Value	$ 15,043,366	[2]
Interest Rate/Discount Rate	5.36%	[3]
LIBOR Floor		[3]
Maturity/ Expiration Date	Sep. 10, 2024	[3]
Spread Above Index		[3]
Airlines [Member]
Corporate Bond Investments
Percentage of Net Assets	1.50%
Airlines [Member] | Corporate Bond Investments [Member] | American Airlines/aadvan [Member]
Corporate Bond Investments
Cost	$ 1,106,896	[1]
Principal / Units	$ 1,116,667
Percentage of Net Assets	1.50%
Fair Value	$ 1,106,524	[2]
Interest Rate/Discount Rate	5.50%
Maturity/ Expiration Date	Apr. 20, 2026
Acquisition Date	Jan. 23, 2024
Energy [Member]
Corporate Bond Investments
Percentage of Net Assets	8.30%
Energy [Member] | Corporate Bond Investments [Member] | Antero Resources Corp [Member]
Corporate Bond Investments
Cost	$ 1,263,680	[1]
Principal / Units	$ 1,225,000
Percentage of Net Assets	1.80%
Fair Value	$ 1,265,431	[2]
Interest Rate/Discount Rate	8.38%
Maturity/ Expiration Date	Jul. 15, 2026
Acquisition Date	Jan. 24, 2024
Energy [Member] | Corporate Bond Investments [Member] | Buckeye Partners Lp [Member]
Corporate Bond Investments
Cost	$ 842,601	[1]
Principal / Units	$ 855,000
Percentage of Net Assets	1.20%
Fair Value	$ 843,481	[2]
Interest Rate/Discount Rate	4.13%
Maturity/ Expiration Date	Mar. 01, 2025
Acquisition Date	Jan. 23, 2024
Energy [Member] | Corporate Bond Investments [Member] | Harvest Midstream I Lp [Member]
Corporate Bond Investments
Cost	$ 1,220,431	[1]
Principal / Units	$ 1,200,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,219,212	[2]
Interest Rate/Discount Rate	7.50%
Maturity/ Expiration Date	Sep. 01, 2028
Acquisition Date	Jun. 27, 2024
Energy [Member] | Corporate Bond Investments [Member] | Howard Midstream Energy [Member]
Corporate Bond Investments
Cost	$ 1,274,829	[1]
Principal / Units	$ 1,200,000
Percentage of Net Assets	1.80%
Fair Value	$ 1,269,844	[2]
Interest Rate/Discount Rate	8.88%
Maturity/ Expiration Date	Jul. 15, 2028
Acquisition Date	Jun. 27, 2024
Energy [Member] | Corporate Bond Investments [Member] | Rockies Express Pipeline [Member]
Corporate Bond Investments
Cost	$ 1,272,703	[1]
Principal / Units	$ 1,300,000
Percentage of Net Assets	1.80%
Fair Value	$ 1,269,924	[2]
Interest Rate/Discount Rate	3.60%
Maturity/ Expiration Date	May 15, 2025
Acquisition Date	Jan. 23, 2024
Chemicals [Member]
Corporate Bond Investments
Percentage of Net Assets	5.60%
Chemicals [Member] | Corporate Bond Investments [Member] | Avient Corp [Member]
Corporate Bond Investments
Cost	$ 1,249,030	[1]
Principal / Units	$ 1,250,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,247,000	[2]
Interest Rate/Discount Rate	5.75%
Maturity/ Expiration Date	May 15, 2025
Acquisition Date	Jan. 23, 2024
Chemicals [Member] | Corporate Bond Investments [Member] | Olympus Wtr Us Hldg Corp [Member]
Corporate Bond Investments
Cost	$ 1,571,593	[1]
Principal / Units	$ 1,558,000
Percentage of Net Assets	2.20%
Fair Value	$ 1,567,546	[2]
Interest Rate/Discount Rate	7.13%
Maturity/ Expiration Date	Oct. 01, 2027
Acquisition Date	Jun. 27, 2024
Chemicals [Member] | Corporate Bond Investments [Member] | Wr Grace Holding Llc [Member]
Corporate Bond Investments
Cost	$ 1,249,524	[1]
Principal / Units	$ 1,300,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,253,828	[2]
Interest Rate/Discount Rate	4.88%
Maturity/ Expiration Date	Jun. 15, 2027
Acquisition Date	Feb. 02, 2024
Restaurants [Member]
Corporate Bond Investments
Percentage of Net Assets	5.10%
Restaurants [Member] | Corporate Bond Investments [Member] | Brinker International In [Member]
Corporate Bond Investments
Cost	$ 1,247,744	[1]
Principal / Units	$ 1,250,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,245,282	[2]
Interest Rate/Discount Rate	5%
Maturity/ Expiration Date	Oct. 01, 2024
Acquisition Date	Jan. 23, 2024
Restaurants [Member] | Corporate Bond Investments [Member] | Dave & Buster’s Inc [Member]
Corporate Bond Investments
Cost	$ 1,232,900	[1]
Principal / Units	$ 1,225,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,231,261	[2]
Interest Rate/Discount Rate	7.63%
Maturity/ Expiration Date	Nov. 01, 2025
Acquisition Date	Jan. 24, 2024
Restaurants [Member] | Corporate Bond Investments [Member] | Irb Holding Corp [Member]
Corporate Bond Investments
Cost	$ 1,250,000	[1]
Principal / Units	$ 1,250,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,250,337	[2]
Interest Rate/Discount Rate	7%
Maturity/ Expiration Date	Jun. 15, 2025
Acquisition Date	Jan. 23, 2024
Leisure [Member]
Corporate Bond Investments
Percentage of Net Assets	1.70%
Leisure [Member] | Corporate Bond Investments [Member] | Carnival Corp [Member]
Corporate Bond Investments
Cost	$ 1,210,927	[1]
Principal / Units	$ 1,200,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,211,910	[2]
Interest Rate/Discount Rate	7.63%
Maturity/ Expiration Date	Mar. 01, 2026
Acquisition Date	Feb. 23, 2024
Homebuilders/Real Estate [Member]
Corporate Bond Investments
Percentage of Net Assets	6.50%
Homebuilders/Real Estate [Member] | Corporate Bond Investments [Member] | Century Communities [Member]
Corporate Bond Investments
Cost	$ 1,227,315	[1]
Principal / Units	$ 1,225,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,231,565	[2]
Interest Rate/Discount Rate	6.75%
Maturity/ Expiration Date	Jun. 01, 2027
Acquisition Date	Feb. 15, 2024
Homebuilders/Real Estate [Member] | Corporate Bond Investments [Member] | Ladder Cap Fin Lllp/corp [Member]
Corporate Bond Investments
Cost	$ 1,232,682	[1]
Principal / Units	$ 1,250,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,239,241	[2]
Interest Rate/Discount Rate	5.25%
Maturity/ Expiration Date	Oct. 01, 2025
Homebuilders/Real Estate [Member] | Corporate Bond Investments [Member] | Service Properties Trust [Member]
Corporate Bond Investments
Cost	$ 1,213,930	[1]
Principal / Units	$ 1,250,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,210,247	[2]
Interest Rate/Discount Rate	5.25%
Maturity/ Expiration Date	Feb. 15, 2026
Homebuilders/Real Estate [Member] | Senior Secured Loan Debt Investments [Member] | Cushman & Wakefield US Borrower LLC [Member]
Corporate Bond Investments
Cost	$ 1,007,463	[1],[4]
Principal / Units	$ 1,000,000	[4]
Percentage of Net Assets	1.40%	[4]
Fair Value	$ 1,005,000	[2],[4]
Interest Rate/Discount Rate	9.34%	[4]
LIBOR Floor	$ 50	[4]
Maturity/ Expiration Date	Jan. 31, 2030	[4]
Acquisition Date	May 06, 2024	[4]
Spread Above Index	1 Month SOFR USD +3.75%	[4]
Technology [Member]
Corporate Bond Investments
Percentage of Net Assets	7.20%
Technology [Member] | Corporate Bond Investments [Member] | Clarios Global Lp [Member]
Corporate Bond Investments
Cost	$ 1,225,000	[1]
Principal / Units	$ 1,225,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,224,992	[2]
Interest Rate/Discount Rate	6.75%
Maturity/ Expiration Date	May 15, 2025
Acquisition Date	Jan. 24, 2024
Technology [Member] | Corporate Bond Investments [Member] | Cloud Software Grp Inc [Member]
Corporate Bond Investments
Cost	$ 675,000	[1]
Principal / Units	$ 675,000
Percentage of Net Assets	1%
Fair Value	$ 687,998	[2]
Interest Rate/Discount Rate	8.25%
Maturity/ Expiration Date	Jun. 30, 2032
Acquisition Date	May 08, 2024
Technology [Member] | Corporate Bond Investments [Member] | Gen Digital Inc [Member]
Corporate Bond Investments
Cost	$ 1,217,928	[1]
Principal / Units	$ 1,200,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,215,292	[2]
Interest Rate/Discount Rate	6.75%
Maturity/ Expiration Date	Sep. 30, 2027
Acquisition Date	Jan. 24, 2024
Technology [Member] | Corporate Bond Investments [Member] | Rocket Software Inc [Member]
Corporate Bond Investments
Cost	$ 875,000	[1]
Principal / Units	$ 875,000
Percentage of Net Assets	1.20%
Fair Value	$ 889,230	[2]
Interest Rate/Discount Rate	9%
Maturity/ Expiration Date	Nov. 28, 2028
Acquisition Date	Apr. 16, 2024
Technology [Member] | Senior Secured Loan Debt Investments [Member] | Fortress Trans & Infrast [Member]
Corporate Bond Investments
Cost	$ 1,201,500	[1],[4]
Principal / Units	$ 1,200,000	[4]
Percentage of Net Assets	1.70%	[4]
Fair Value	$ 1,200,000	[2],[4]
Interest Rate/Discount Rate	9.34%	[4]
LIBOR Floor	$ 0	[4]
Maturity/ Expiration Date	May 09, 2031	[4]
Acquisition Date	Jun. 24, 2024	[4]
Spread Above Index	1 Month SOFR USD +3.75%	[4]
Consumer-Products [Member]
Corporate Bond Investments
Percentage of Net Assets	9.30%
Consumer-Products [Member] | Corporate Bond Investments [Member] | Energizer Holdings Inc [Member]
Corporate Bond Investments
Cost	$ 1,247,256	[1]
Principal / Units	$ 1,250,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,248,614	[2]
Interest Rate/Discount Rate	6.50%
Maturity/ Expiration Date	Dec. 31, 2027
Acquisition Date	Feb. 02, 2024
Consumer-Products [Member] | Senior Secured Loan Debt Investments [Member] | PSA Worldwide T/L [Member]
Corporate Bond Investments
Cost	$ 4,862,227	[1],[4]
Principal / Units	$ 4,955,696	[4]
Percentage of Net Assets	6.90%	[4]
Fair Value	$ 4,979,850	[2],[4]
Interest Rate/Discount Rate	12%	[4]
LIBOR Floor		[4]
Maturity/ Expiration Date	Mar. 19, 2029	[4]
Acquisition Date	Mar. 19, 2024	[4]
Spread Above Index		[4]
Consumer-Products [Member] | Equity Investments - Preferred Stock [Member] | PSA Holdings, LLC [Member]
Corporate Bond Investments
Cost	$ 495,570	[1],[4]
Principal / Units	$ 495,570	[4]
Percentage of Net Assets	0.70%	[4]
Fair Value	$ 509,323	[2],[4]
Interest Rate/Discount Rate	8%	[4]
LIBOR Floor		[4]
Acquisition Date	Mar. 19, 2024	[4]
Spread Above Index		[4]
Containers [Member]
Corporate Bond Investments
Percentage of Net Assets	9.20%
Containers [Member] | Corporate Bond Investments [Member] | Intelligent Packaging [Member]
Corporate Bond Investments
Cost	$ 716,031	[1]
Principal / Units	$ 750,000
Percentage of Net Assets	1%
Fair Value	$ 725,121	[2]
Interest Rate/Discount Rate	6%
Maturity/ Expiration Date	Sep. 15, 2028
Acquisition Date	Apr. 03, 2024
Containers [Member] | Corporate Bond Investments [Member] | Owens-brockway [Member]
Corporate Bond Investments
Cost	$ 1,248,595	[1]
Principal / Units	$ 1,250,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,247,722	[2]
Interest Rate/Discount Rate	6.63%
Maturity/ Expiration Date	May 13, 2027
Acquisition Date	Feb. 07, 2024
Containers [Member] | Corporate Bond Investments [Member] | Pactiv Evergreen Group [Member]
Corporate Bond Investments
Cost	$ 1,216,331	[1]
Principal / Units	$ 1,300,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,217,938	[2]
Interest Rate/Discount Rate	4%
Maturity/ Expiration Date	Oct. 15, 2027
Acquisition Date	Jun. 17, 2024
Containers [Member] | Corporate Bond Investments [Member] | Mauser Packaging Solut [Member]
Corporate Bond Investments
Cost	$ 1,203,000	[1],[4]
Principal / Units	$ 1,200,000	[4]
Percentage of Net Assets	1.70%	[4]
Fair Value	$ 1,200,672	[2],[4]
Interest Rate/Discount Rate	9.09%	[4]
LIBOR Floor	$ 0	[4]
Maturity/ Expiration Date	Apr. 08, 2027	[1],[4]
Acquisition Date	Jun. 25, 2024	[4]
Spread Above Index	1 Month SOFR USD +3.50%	[4]
Containers [Member] | Senior Secured Loan Debt Investments [Member] | Clydesdale Acquisition Holdings Inc [Member]
Corporate Bond Investments
Cost	$ 1,004,936	[1],[4]
Principal / Units	$ 997,455	[4]
Percentage of Net Assets	1.40%	[4]
Fair Value	$ 1,001,560	[2],[4]
Interest Rate/Discount Rate	9.27%	[4]
LIBOR Floor	$ 50	[4]
Maturity/ Expiration Date	Apr. 13, 2029	[4]
Acquisition Date	May 28, 2024	[4]
Spread Above Index	1 Month SOFR USD +3.75%	[4]
Containers [Member] | Senior Secured Loan Debt Investments [Member] | Verde Purchaser LLC [Member]
Corporate Bond Investments
Cost	$ 1,200,000	[1],[4]
Principal / Units	$ 1,200,000	[4]
Percentage of Net Assets	1.70%	[4]
Fair Value	$ 1,197,900	[2],[4]
Interest Rate/Discount Rate	10.09%	[4]
LIBOR Floor	$ 0	[4]
Maturity/ Expiration Date	Nov. 29, 2030	[4]
Acquisition Date	Jun. 27, 2024	[4]
Spread Above Index	3 Month SOFR USD +4.50%	[4]
Super Retail [Member]
Corporate Bond Investments
Percentage of Net Assets	1.50%
Super Retail [Member] | Corporate Bond Investments [Member] | Ken Garff Automotive Llc [Member]
Corporate Bond Investments
Cost	$ 1,115,008	[1]
Principal / Units	$ 1,200,000
Percentage of Net Assets	1.50%
Fair Value	$ 1,112,628	[2]
Interest Rate/Discount Rate	4.88%
Maturity/ Expiration Date	Sep. 15, 2028
Acquisition Date	Jun. 27, 2024
Diversified Financial Services [Member]
Corporate Bond Investments
Percentage of Net Assets	1.40%
Diversified Financial Services [Member] | Corporate Bond Investments [Member] | Nationstar Mtg Hld Inc [Member]
Corporate Bond Investments
Cost	$ 495,221	[1]
Principal / Units	$ 500,000
Percentage of Net Assets	0.70%
Fair Value	$ 494,578	[2]
Interest Rate/Discount Rate	6%
Maturity/ Expiration Date	Jan. 15, 2027
Acquisition Date	May 21, 2024
Diversified Financial Services One [Member] | Corporate Bond Investments [Member] | Nationstar Mtg Hld Inc One [Member]
Corporate Bond Investments
Cost	$ 490,705	[1]
Principal / Units	$ 500,000
Percentage of Net Assets	0.70%
Fair Value	$ 489,332	[2]
Interest Rate/Discount Rate	5%
Maturity/ Expiration Date	Feb. 01, 2026
Acquisition Date	Jun. 17, 2024
Gaming [Member]
Corporate Bond Investments
Percentage of Net Assets	0.70%
Gaming [Member] | Corporate Bond Investments [Member] | Penn Entertainment Inc [Member]
Corporate Bond Investments
Cost	$ 481,636	[1]
Principal / Units	$ 500,000
Percentage of Net Assets	0.70%
Fair Value	$ 482,687	[2]
Interest Rate/Discount Rate	5.63%
Maturity/ Expiration Date	Jan. 15, 2027
Building Materials [Member]
Corporate Bond Investments
Percentage of Net Assets	3.80%
Building Materials [Member] | Corporate Bond Investments [Member] | Standard Industries Inc [Member]
Corporate Bond Investments
Cost	$ 1,240,033	[1]
Principal / Units	$ 1,275,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,239,756	[2]
Interest Rate/Discount Rate	5%
Maturity/ Expiration Date	Feb. 15, 2027
Acquisition Date	Feb. 07, 2024
Building Materials [Member] | Senior Secured Loan Debt Investments [Member] | Tamko Building Products, LLC [Member]
Corporate Bond Investments
Cost	$ 1,501,842	[1],[4]
Principal / Units	$ 1,496,231	[4]
Percentage of Net Assets	2.10%	[4]
Fair Value	$ 1,496,870	[2],[4]
Interest Rate/Discount Rate	8.84%	[4]
LIBOR Floor	$ 0	[4]
Maturity/ Expiration Date	Sep. 20, 2030	[4]
Spread Above Index	1 Month SOFR USD +3.50%	[4]
Aerospace/Defense [Member]
Corporate Bond Investments
Percentage of Net Assets	1.70%
Aerospace/Defense [Member] | Corporate Bond Investments [Member] | Transdigm Inc [Member]
Corporate Bond Investments
Cost	$ 1,241,775	[1]
Principal / Units	$ 1,275,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,252,113	[2]
Interest Rate/Discount Rate	5.50%
Maturity/ Expiration Date	Nov. 15, 2027
Acquisition Date	Feb. 15, 2024
Broadcasting [Member]
Corporate Bond Investments
Percentage of Net Assets	1.70%
Broadcasting [Member] | Corporate Bond Investments [Member] | Univision Communications [Member]
Corporate Bond Investments
Cost	$ 1,233,426	[1]
Principal / Units	$ 1,250,000
Percentage of Net Assets	1.70%
Fair Value	$ 1,196,818	[2]
Interest Rate/Discount Rate	6.63%
Maturity/ Expiration Date	Jun. 01, 2027
Acquisition Date	Feb. 07, 2024
Total Non-Controlled/Non-Affiliated Investments [Member]
Corporate Bond Investments
Cost	$ 71,311,317	[1]
Percentage of Net Assets	99%
Fair Value	$ 71,427,537	[2]
Total Non-Controlled/Non-Affiliated Investments [Member] | Senior Secured Loan Debt Investments [Member]
Corporate Bond Investments
Cost	11,980,969	[1]
Principal / Units	$ 12,049,382
Percentage of Net Assets	16.90%
Fair Value	$ 12,081,852	[2]
Total Non-Controlled/Non-Affiliated Investments [Member] | Equity Investments - Preferred Stock [Member]
Corporate Bond Investments
Cost	495,570	[1]
Principal / Units	$ 495,570
Percentage of Net Assets	0.70%
Fair Value	$ 509,323	[2]
Non-Controlled/Non-Affiliated Investments [Member]
Corporate Bond Investments
Cost	$ 495,570	[1]
Percentage of Net Assets	0.70%
Fair Value	$ 509,323	[2]
United States Treasury Bill Two [Member] | Short-Term Investments [Member]
Corporate Bond Investments
Cost	4,637,144	[1],[3]
Principal / Units	$ 4,700,000	[3]
Percentage of Net Assets	6.40%	[3]
Fair Value	$ 4,637,488	[2]
Interest Rate/Discount Rate	5.38%	[3]
LIBOR Floor		[3]
Maturity/ Expiration Date	Oct. 01, 2024	[3]
Spread Above Index		[3]
Affiliated Investments [Member]
Corporate Bond Investments
Cost		[1]
Percentage of Net Assets	0%
Fair Value		[2]
Investments [Member]
Corporate Bond Investments
Cost	$ 71,311,317	[1]
Percentage of Net Assets	99%
Fair Value	$ 71,427,537	[2]
Assets in Excess of Other liabilities [Member]
Corporate Bond Investments
Percentage of Net Assets	1%
Fair Value	$ 808,855	[2]
Net assets [Member]
Corporate Bond Investments
Percentage of Net Assets	100%
Fair Value	$ 72,236,392	[2]
[1]The amortized cost represents the original cost adjusted for the accretion of discounts and amortization of premiums, as applicable, on debt investments using the effective interest method.[2]Represents securities categorized as Level 2 assets under the definition of ASC 820 fair value hierarchy (Note 6).[3]Variable rate security; rate shown is the rate in effect on June 30, 2024. An index may have a negative rate. Interest rate may also be subject to a ceiling or floor.[4]Unless otherwise noted, significant unobservable inputs were used to determine fair value, and investments are considered Level 3 securities (Note 6).

Organization

Organization	6 Months Ended
	Jun. 30, 2024
Organization [Abstract]
Organization	1. Organization Organization Muzinich Corporate Lending Income Fund, Inc. (the “Company,” “we,” “our,” or “us”) is a Delaware corporation formed on July 5, 2023. The Company is structured as an externally managed, non-diversified, closed-end management investment company that has filed an election to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company was formed primarily to generate current income and, to a lesser extent, capital appreciation through investments in secured debt, including first lien, second lien and unitranche debt, as well as unsecured debt, including mezzanine debt and, to a lesser extent, in equity instruments of private companies. The Company is managed by Muzinich Direct Lending Adviser, LLC (the “Adviser”), an affiliate of Muzinich & Co., Inc. (together with the Adviser and their other affiliates, collectively, “Muzinich”). The Adviser is responsible for originating prospective investments, conducting research and due diligence investigations on potential investments, analyzing investment opportunities, negotiating and structuring the investments and monitoring the investments and portfolio companies on an ongoing basis. Subject to the supervision of our board of directors (the “Board” or the “Board of Directors”), the Adviser manages the day-to-day operations and provides the Company with investment advisory and management services and certain administrative services. The Company has entered into and expects to enter into separate subscription agreements with a number of investors providing for the sale of shares of common stock, par value $0.001 per share (“Common Stock”) to investors in multiple closings in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) (“Private Offerings”). The Company seeks to raise equity capital through the Private Offerings on a continuous basis through one or more closings (“Closings”). To be accepted, an investor’s subscription request including the full subscription amount must be received in accordance with the provisions of the subscription agreement at least five business days prior to its respective Closing (unless waived by the Company). In March 2024, the Company established a wholly-owned subsidiary named Muzinich Corporate Lending Holding LLC (“Subsidiary”). The Subsidiary holds/will hold equity or equity-like investments in partnerships. Going forward, all intercompany balances will be eliminated in consolidation, and the Company will consolidate the Subsidiary for accounting purposes but the Subsidiary will not be consolidated for U.S. federal income tax purposes and may incur U.S. federal income tax expense as a result. Fiscal Year End The Company’s fiscal year ends on December 31.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements of the Company and related consolidated financial information have been prepared pursuant to the requirements for reporting on Form 10-Q and Article 6 or 10 of Regulation S-X. The Company is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standard Codification Topic 946 “Financial Services-Investment Companies.” Use of Estimates U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of increases and decreases in net assets from operations during the reported periods. The Company believes the estimates and assumptions underlying the financial statements are reasonable and supportable based on the information available as of June 30, 2024 and December 31, 2023, however macroeconomic, geopolitical and other events may have an impact on the global economy generally, and the Company’s business in particular, making any estimates and assumptions as of June 30, 2024 and December 31, 2023 inherently less certain than they would be absent the current and potential impacts of such circumstances. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ materially. Cash and Cash Equivalents Cash and cash equivalents are defined as cash, money market funds, U.S. government securities and investment grade debt instruments with original maturities of three months or less when purchased by the Company. The Company deposits its cash and cash equivalents with financial institutions and, at times, may exceed the Federal Deposit Insurance Corporation insured limit. Principal Paydowns The Company may receive principal repayments on its debt investments (“Paydowns”). Any unsettled Paydowns as of period end are reflected in the Statements of Assets and Liabilities, and any realized gains or losses incurred from such Paydowns are reflected as interest income in the Statements of Operations. Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation The Company measures realized gains or losses by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment, without regard to unrealized appreciation or depreciation previously recognized, but considering unamortized upfront fees and prepayment penalties. Net change in unrealized appreciation or depreciation reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation, when gains or losses are realized. Interest and Dividend Income Recognition Interest income is recorded on the accrual basis and includes amortization of premiums or accretion of discounts. Discounts and premiums to par value on securities purchased are accreted and amortized, respectively, into interest income over the contractual life of the respective security using the effective interest method. The amortized cost of investments represents the original cost adjusted for the amortization of premiums or accretion of discounts, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection. Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. Other Income From time to time, the Company may receive fees for services provided to portfolio companies. These fees will generally only be available to the Company as a result of closing investments, will normally be paid at the closing of the investments, are expected to be non-recurring and will be recognized as revenue when earned upon closing of the investment. The services provided vary by investment, but can include closing work, diligence or other similar fees and fees for providing managerial assistance to the Company’s portfolio companies. In addition, the Company may generate revenue in the form of commitment, origination, structuring or diligence fees, monitoring fees and possibly consulting and performance- based fees. Deal Origination Costs The Company records origination and other expenses related to its investments as deferred financing costs. These expenses are deferred and amortized over the life of the related investment. Deal origination costs are presented on the Statements of Assets and Liabilities as a direct deduction from the investment. In circumstances in which there is not an associated investment amount recorded in the financial statements when the deal origination costs are incurred, such deal origination costs will be reported on the Statements of Assets and Liabilities as a liability until the investment is recorded. Distributions to Stockholders Distributions to stockholders are recorded on the record date. The amount to be distributed is determined by the Board of Directors and is generally based upon current and estimated net earnings. Net realized long-term capital gains, if any, would be generally distributed at least annually, although the Company may decide to retain such capital gains for investment. Foreign security and currency translations Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices to be more volatile than those of comparable U.S. companies or U.S. government securities. Recently Issued Accounting Pronouncements In March 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments provide optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective upon issuance and can be applied through December 31, 2024. Management is currently evaluating the impact of the optional guidance on the Company’s financial statements and disclosures. Income Taxes The Company has elected to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). So long as the Company maintains its status as a RIC, it generally will not pay corporate level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its stockholders as dividends. Rather, any tax liability related to income distributed by the Company represents obligations of the Company’s investors and will not be reflected in the consolidated financial statements of the Company. To qualify as a RIC under Subchapter M of the Code, the Company must, among other things, meet certain source of income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its stockholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess of its realized net short-term capital gains over its realized net long-term capital losses. In order for the Company not to be subject to U.S. federal excise taxes, it must distribute annually an amount at least equal to the sum of (i) 98.0% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of its capital gains in excess of capital losses for the one-year period ending on October 31 of the calendar year and (iii) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. The Company, at its discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. federal excise tax on this income. The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	3. Related Party Transactions On September 14, 2023, the Company entered into an investment advisory agreement (the “Investment Advisory Agreement”) with the Adviser, pursuant to which the Adviser manages the Company’s investment program and related activities. The advisory fees consist of a management fee and an incentive fee. The cost of both the management fee and the incentive fee will ultimately be borne by the Company’s stockholders. The Adviser elected to incur the organizational and offering fees associated with the Company through January 19, 2024, on which date the Company became obligated to reimburse the Adviser for such advanced expenses. As of June 30, 2024, the total organizational and offering fees incurred by the Company were $365,462. Management Fees Pursuant to the Investment Advisory Agreement, the Company’s Adviser will accrue, on a quarterly basis in arrears, a management fee (the “Base Management Fee”) equal to 0.3125% (i.e., 1.25% annually) of the Company’s net assets as of the beginning of the first calendar day of the applicable quarter. For the three and six months ended June 30, 2024, the Company incurred Base Management Fees of $223,581 and $400,630, respectively. Incentive Fee Pursuant to the Investment Advisory Agreement, the Company will pay an incentive fee (the “Incentive Fee”) to the Adviser. The Incentive Fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the Incentive Fee is based on a percentage of the Company’s income and a portion is based on a percentage of the Company’s capital gains, each as described below. Incentive Fee Based on Income The portion based on the Company’s income is based on Pre-Incentive Fee Net Investment Income Returns. “Pre-Incentive Fee Net Investment Income Returns” means, as the context requires, either the dollar value of, or percentage rate of return on the value of the Company’s net assets at the end of the immediate preceding quarter from, interest income, dividend income and any other income (including any other fees (other than fees for providing managerial assistance), such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses accrued for the quarter (including the Base Management Fee, fees and expenses payable under the Company’s administration agreement with U.S. Bancorp Fund Services, LLC (“U.S. Bank,” and in such capacity, the “Administrator”) (the “Administration Agreement”), and any interest expense or fees on any credit facilities or outstanding debt and dividends paid on any issued and outstanding preferred shares, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income Returns include, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income Returns do not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. Pre-Incentive Fee Net Investment Income Returns, expressed as a rate of return on the value of the Company’s net assets at the end of the immediately preceding quarter, is compared to a “hurdle rate” of return of 1.75% per quarter (7.00% annualized). The Company will pay the Adviser an Incentive Fee quarterly in arrears with respect to the Company’s Pre-Incentive Fee Net Investment Income Returns in each calendar quarter as follows: ● No incentive fee based on Pre-Incentive Fee Net Investment Income Returns in any calendar quarter in which the Company’s Pre-Incentive Fee Net Investment Income Returns do not exceed the hurdle rate of 1.75% per quarter (7% annualized); ● 100% of the dollar amount of Pre-Incentive Fee Net Investment Income Returns with respect to that portion of such Pre-Incentive Fee Net Investment Income Returns, if any, that exceeds the hurdle rate until the Adviser has received 12.5% of the total Pre-Incentive Fee Net Investment Income Returns for that calendar quarter (the Company refers to this portion of the Pre-Incentive Fee Net Investment Income Returns (which exceeds the hurdle rate) as the “catch-up”); and ● 12.5% of the dollar amount of all Pre-Incentive Fee Net Investment Income Returns, if any, once the Adviser has received the full catch-up. Incentive Fee Based on Capital Gains The second component of the Incentive Fee, the Incentive Fee on based capital gains, is payable at the end of each calendar year in arrears. The amount payable equals: ● 12.5% of cumulative realized capital gains from inception through the end of such calendar, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid Incentive Fee based on capital gains as calculated in accordance with U.S. GAAP. Each year, the fee paid for the Incentive Fee based on capital gains is net of the aggregate amount of any previously paid Incentive Fee based on capital gains for all prior periods. The Company will accrue, but will not pay, an Incentive Fee based on capital gains with respect to unrealized appreciation because an Incentive Fee based on capital gains would be owed to the Adviser if The Company were to sell the relevant investment and realize a capital gain. If the Investment Advisory Agreement is terminated prior to the termination of the Company (other than an instance in which the Adviser voluntarily terminates the agreement), the Company will pay to the Adviser an Incentive Fee payment in connection with such termination (the “Termination Incentive Fee Payment”). The Termination Incentive Fee Payment will be calculated as of the date the Investment Advisory Agreement is terminated and will equal the amount of Incentive Fee that would be payable to the Adviser if (a) all investments were liquidated for their current value (but without taking into account any unrealized appreciation of any investment), and any unamortized deferred investment-related fees would be deemed accelerated, (b) the proceeds from such liquidation were used to pay all the Company’s outstanding liabilities, and (c) the remainder were distributed to stockholders and paid as Incentive Fee in accordance with the incentive fee calculation methodology, subject to the limitations set forth in Section 205(b)(3) of the Investment Advisers Act of 1940, as amended (the “Advisers Act”). The Company will make the Termination Incentive Fee Payment in cash on or immediately following the date the Investment Advisory Agreement is so terminated. The Investment Advisory Agreement will remain in full force and effect for two years initially, and will continue for successive one-year periods thereafter, but only so long as such continuance is specifically approved at least annually by (a) the vote of a majority of the members of the Board who are not “interested persons,” as defined in Section 2(a)(19) of the 1940 Act, of the Company (the “Independent Directors”), and (b) by a vote of (1) a majority of the Board or (2) a majority of the Company’s outstanding voting securities, and in Independent Directors and in accordance with the requirements of the 1940 Act. The Investment Advisory Agreement may, on 60 days’ written notice to the other party, be terminated in its entirety at any time without the payment of any penalty, by the Company (following determination by the Board or by vote of a majority of the Company’s outstanding voting securities), or by the Adviser. The Investment Advisory Agreement shall automatically terminate in the event of its assignment. For the three and six months ended June 30, 2024, the Company incurred Incentive Fees of $14,746. Resource Sharing Agreement The Adviser has entered into a resource sharing agreement (“Resource Sharing Agreement”) with Muzinich & Co., Inc., pursuant to which Muzinich & Co., Inc. makes certain personnel and resources available to the Adviser to provide certain investment advisory services to the Company under the Investment Advisory Agreement. Through the Resource Sharing Agreement, the Adviser draws on the significant deal origination, credit underwriting, due diligence, investment structuring, execution, portfolio management and monitoring, and operational experience of Muzinich & Co., Inc.’s investment professionals. The Resource Sharing Agreement may be terminated by either party on 60 days’ notice, which, if terminated, may have a material adverse consequence on our operations. Reimbursement of Certain Expenses During the six months ended June 30, 2024, Muzinich paid, on behalf of the Company, certain operating costs that have been recorded by the Company. The Company will reimburse Muzinich for the costs paid on the Company’s behalf. As of June 30, 2024, the total costs reimbursable to Muzinich were $28,259, and are disclosed within Professional fees payable and Accrued other general and administrative expenses on the Consolidated Statement of Assets and Liabilities. Shares held by Affiliated Accounts As of June 30, 2024, certain entities affiliated with the Adviser held shares of the Company. Muzinich & Co., Inc. held 1 share of the Company, approximately 0.0% of outstanding shares of the Company. Investments in Affiliates Affiliated companies are those that are “affiliated persons” as defined in section 2(a)(3) of the 1940 Act. They include, among other entities, issuers of 5% or more of whose outstanding voting securities are held by the Company. For the three and six months ended June 30, 2024, the Company had no transactions with affiliated companies.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	4. Commitments and Contingencies As of June 30, 2024, the Company had no unfunded commitments to provide debt financing to its portfolio companies. As of June 30, 2024, there were no capital calls or draw requests made by the portfolio companies. Any such commitments are generally up to the Company’s discretion to approve or are subject to the satisfaction of certain financial and nonfinancial covenants and involve, to varying degrees, elements of credit risk in excess of the amount recognized in the Company’s Consolidated Statement of Assets and Liabilities and are not reflected in the Company’s Consolidated Statement of Assets and Liabilities. As of June 30, 2024, the Company was not subject to any legal proceedings, although the Company may, from time to time, be involved in litigation arising out of operations in the normal course of business or otherwise.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Investments [Abstract]
Investments	5. Investments The following table presents the composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2024: June 30, Amortized Fair Cost Value Corporate Bond Investments $ 34,385,730 $ 34,387,452 Senior Secured Loan Debt Instruments 11,980,969 12,081,852 Equity Investments - Preferred Stock 495,570 509,323 Short-Term Investments 24,449,048 24,448,910 Total Investments $ 71,311,317 $ 71,427,537 100% of the investments held as of June 30, 2024 were within the United States. The industry composition of investments based on fair value, as a percentage of net assets, as of June 30, 2024 was as follows (the following table does not include short-term investments): Industry June 30, Consumer-Products 9.3 % Containers 9.2 % Energy 8.3 % Technology 7.2 % Homebuilders/Real Estate 6.5 % Chemicals 5.6 % Restaurants 5.1 % Building Materials 3.8 % Aerospace/Defense 1.7 % Leisure 1.7 % Broadcasting 1.7 % Super Retail 1.5 % Airlines 1.5 % Diversified Financial Services 1.4 % Gaming 0.7 % Total 65.2 %

Fair Value of Investments

Fair Value of Investments	6 Months Ended
	Jun. 30, 2024
Fair Value of Investments [Abstract]
Fair Value of Investments	6. Fair Value of Investments Fair value is defined as the price that the Company would receive upon selling an investment or paying to transfer a liability in an orderly transaction to a market participant in the principal or most advantageous market for the investment. Accounting guidance emphasizes that valuation techniques maximize the use of observable market inputs and minimize the use of unobservable inputs. The valuation hierarchical levels are based upon the transparency of the inputs to the valuation of the investment as of the measurement date. The three levels are defined as follows: Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 — Valuations based on inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable at the measurement date. This category includes quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in non-active markets including actionable bids from third parties for privately held assets or liabilities, and observable inputs other than quoted prices such as yield curves and forward currency rates that are entered directly into valuation models to determine the value of derivatives or other assets or liabilities. Level 3 — Valuations based on inputs that are unobservable and where there is little, if any, market activity at the measurement date. The inputs for the determination of fair value may require significant management judgment or estimation and are based upon the Adviser’s assessment of the assumptions that market participants would use in pricing the assets or liabilities. These investments include debt and equity investments in private companies or assets valued using the market or income approach and may involve pricing models whose inputs require significant judgment or estimation because of the absence of any meaningful current market data for identical or similar investments. The inputs in these valuations may include, but are not limited to, capitalization and discount rates, earnings before interest, taxes, depreciation, and amortization (“EBITDA”) multiples. The information may also include pricing information or broker quotes, which include a disclaimer that the broker would not be held to such a price in an actual transaction. The non-binding nature of consensus pricing and/or quotes accompanied by disclaimer would result in classification as Level 3 information, assuming no additional corroborating evidence. Pricing inputs and weightings applied to determine fair value require subjective determination. Accordingly, valuations do not necessarily represent the amounts that may eventually be realized from sales or other dispositions of investments. 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. The following table presents the fair value hierarchy as of June 30, 2024. Fair Value Hierarchy as of June 30, 2024 Description Level 1 Level 2 Level 3 Total Corporate Bond Investments $ - $ 34,387,452 $ - $ 34,387,452 Senior Secured Loan Debt Instruments - 7,102,002 4,979,850 12,081,852 Equity Investments - Preferred Stock - - 509,323 509,323 Short-Term Investments - 24,448,910 - 24,448,910 Total $ - $ 65,938,364 $ 5,489,173 $ 71,427,537 The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value for the six months ended June 30, 2024. Senior Secured Loan Debt Instruments For the Fair value, beginning of period $ - Purchases of investments 4,856,582 Proceeds from principal pre-payments and sales of investments - Realized gain (loss) - Net change in unrealized appreciation/(depreciation) 118,328 Net accretion of discount on investments 4,940 Transfers into (out of) Level 3 - Fair value, end of period $ 4,979,850 Equity Investments – Preferred Stock For the Fair value, beginning of period $ - Purchases of investments 495,570 Proceeds from principal pre-payments and sales of investments - Realized gain (loss) - Net change in unrealized appreciation/(depreciation) 13,753 Net accretion of discount on investments - Transfers into (out of) Level 3 - Fair value, end of period $ 509,323 The following table presents the net change in unrealized appreciation (depreciation) for the period relating to these Level 3 assets that were still held by the Company at the end of June 30, 2024. Net Change in Unrealized Appreciation/(Depreciation) For the Senior Secured Loan Debt Instruments $ 118,328 Equity Investments – Preferred Stock 13,753 Total $ 132,081 The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of June 30, 2024. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Adviser’s determination of fair value. Fair Value Valuation Unobservable Range/Input Weighted Senior Secured Loan Debt Instruments (Non-Liquid 1 $ 4,979,850 Discounted cash flow Discount rate 7.56% 7.56% Equity Investments - Preferred Stock $ 509,323 Market approach EBITDA multiples 6.04x 6.04 Total $ 5,489,173 1) Privately held assets without available third-party pricing or trading information.

Net Assets

Net Assets	6 Months Ended
	Jun. 30, 2024
Net Assets [Abstract]
Net Assets	7. Net Assets For the six months ended June 30, 2024, the Company had the following Common Stock issuances. Date Shares Aggregate January 19, 2024 72,000.0 $ 72,000,000 May 20, 2024 24.7 $ 24,690 Distributions For the six months ended June 30, 2024, the Company declared the following distribution. Record Date Payable Date Distribution Distribution May 9, 2024 May 20, 2024 $ 8.23 $ 592,568

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	8. Earnings Per Share In accordance with the provisions of ASC Topic 260, Earnings per Share The following table sets forth the computation of basic and diluted earnings per common share for the six and three months ended June 30, 2024: For the For the Net increase (decrease) in net assets resulting from operations $ 803,270 $ 651,852 Weighted average common shares of common stock outstanding – basic and diluted 64,885.8 72,012.4 Basic and diluted net increase (decrease) in net assets resulting from operations per common share $ 12.38 $ 9.05

Consolidated Financial Highligh

Consolidated Financial Highlights	6 Months Ended
	Jun. 30, 2024
Consolidated Financial Highlights [Abstract]
Consolidated Financial Highlights	9. Consolidated Financial Highlights The following is a schedule of consolidated financial highlights for the six months ended June 30, 2024. The per common share data has been derived from information provided in the consolidated financial statements. For the Per Common Share Operating Performance Net Asset Value, Beginning of Period $ 1,000.00 Results of Operations: Net Investment Income (Loss) (1) 10.56 Net Realized Gains/(Losses) and Unrealized Appreciation/(Depreciation) 0.59 Net Increase (Decrease) in Net Assets Resulting from Operations 11.15 Distributions to Common Stockholders Distributions from Net Investment Income (8.23 ) Net Decrease in Net Assets Resulting from Distributions (8.23 ) Net Asset Value, End of Period $ 1,002.92 Shares Outstanding, End of Period 72,025.7 Ratio/Supplemental Data Net assets, end of period $ 72,236,392 Weighted-average shares outstanding (2) 64,885.8 Total Return (3) 1.15 % Portfolio turnover (4) 106.79 % Ratio of total expenses to average net assets (5) 10.07 % Ratio of net investment income (loss) to average net assets (5) 2.86 % (1) The per common share data was derived using weighted average shares outstanding. (2) Calculated for the six months ended June 30, 2024. (3) Total return is based upon the change in net asset value per share between the opening and ending net asset values per share and the issuance of common stock in the period, and reflects reinvestment of any distributions to common stockholders. Total return is not annualized and does not include a sales load. (4) Portfolio turnover is not an annualized amount. (5) The ratios reflect an annualized amount.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	10. Subsequent Events In preparing these consolidated financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the consolidated financial statements were issued. The Company has determined that there were no subsequent events that occurred during such period that would require disclosure in this Form 10-Q or would be required to be recognized in the consolidated financial statements as of June 30, 2024, except as disclosed below. On August 8, 2024, the Company declared a distribution of $9.59 per share, or $690,727, payable on August 19, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Pay vs Performance Disclosure
Net Income (Loss)	$ 651,852	$ 803,270

Insider Trading Arrangements

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

N-2

N-2 - $ / shares	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Cover [Abstract]
Entity Central Index Key	0001985375
Amendment Flag	false
Securities Act File Number	814-01659
Document Type	10-Q
Entity Registrant Name	Muzinich Corporate Lending Income Fund, Inc.
Entity Address, Address Line One	450 Park Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	(212)
Local Phone Number	888-3413
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
General Description of Registrant [Abstract]
Investment Objectives and Practices [Text Block]	Overview The Company was formed on July 5, 2023 under the laws of the State of Delaware. We were initially formed with the name Muzinich Direct Lending Income Fund, Inc., which we changed to Muzinich Corporate Lending Income Fund, Inc. on August 25, 2023. The Company is structured as an externally managed, non-diversified, closed-end management investment company that has filed an election to be regulated as a BDC under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company intends to elect to be treated, and intends to qualify annually thereafter, as a RIC under Subchapter M of the Code, for U.S. federal income tax purposes. As such, we will be required to comply with various regulatory requirements, such as the requirement to invest at least 70% of our assets in “qualifying assets,” source of income limitations, asset diversification requirements, and the requirement to distribute annually at least 90% of our taxable income and tax-exempt interest. As of June 30, 2024, the Company has capital commitments from investors in the amount of $72,000,000. As of June 30, 2024, the Company has additional paid in capital in the amount of $72,025,618. See “ Equity Activity”
Risk Factors [Table Text Block]	Item 1A. Risk Factors You should carefully consider the risks referenced below and all other information contained in this Quarterly Report on Form 10-Q, including our interim consolidated financial statements and the related notes thereto, before making a decision to purchase our securities. Any such risks and uncertainties are not the only ones facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may have a material adverse effect on our business, financial condition and/or operating results, as well as the value of our securities. In addition to the other information set forth in this report, you should carefully consider the risk factors previously disclosed in our Annual Report on Form 10-K for the period ended December 31, 2023 (filed with the SEC on March 29, 2024), which could materially affect our business, financial condition or operating results.
Effects of Leverage [Table Text Block]	The use of leverage also involves significant risks. Certain trading practices and transactions, which may include, among others, reverse repurchase agreements and the use of when-issued, delayed delivery or forward commitment transactions, may be considered to be borrowings or involve leverage and thus are also subject to 1940 Act restrictions. Short-term credits necessary for the settlement of securities transactions and arrangements with respect to securities lending will not be considered to be borrowings for these purposes. Practices and investments that may involve leverage but are not considered to be borrowings are not subject to the asset coverage requirement. These investments may include certain investments or instruments that have embedded leverage, which may increase the risk of loss from such investments, but are not considered to be borrowings. The amount of leverage that we employ will depend on our Adviser’s and the Board’s assessment of market conditions and other factors at the time of any proposed borrowing, and there can be no assurance that we will use leverage or that our leveraging strategy will be successful during any period in which it is employed.
NAV Per Share	$ 1,002.92	$ 1,000

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying consolidated financial statements of the Company and related consolidated financial information have been prepared pursuant to the requirements for reporting on Form 10-Q and Article 6 or 10 of Regulation S-X. The Company is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standard Codification Topic 946 “Financial Services-Investment Companies.”
Use of Estimates	Use of Estimates U.S. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of increases and decreases in net assets from operations during the reported periods. The Company believes the estimates and assumptions underlying the financial statements are reasonable and supportable based on the information available as of June 30, 2024 and December 31, 2023, however macroeconomic, geopolitical and other events may have an impact on the global economy generally, and the Company’s business in particular, making any estimates and assumptions as of June 30, 2024 and December 31, 2023 inherently less certain than they would be absent the current and potential impacts of such circumstances. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ materially.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are defined as cash, money market funds, U.S. government securities and investment grade debt instruments with original maturities of three months or less when purchased by the Company. The Company deposits its cash and cash equivalents with financial institutions and, at times, may exceed the Federal Deposit Insurance Corporation insured limit.
Principal Paydowns	Principal Paydowns The Company may receive principal repayments on its debt investments (“Paydowns”). Any unsettled Paydowns as of period end are reflected in the Statements of Assets and Liabilities, and any realized gains or losses incurred from such Paydowns are reflected as interest income in the Statements of Operations.
Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation	Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation The Company measures realized gains or losses by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment, without regard to unrealized appreciation or depreciation previously recognized, but considering unamortized upfront fees and prepayment penalties. Net change in unrealized appreciation or depreciation reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation, when gains or losses are realized.
Interest and Dividend Income Recognition	Interest and Dividend Income Recognition Interest income is recorded on the accrual basis and includes amortization of premiums or accretion of discounts. Discounts and premiums to par value on securities purchased are accreted and amortized, respectively, into interest income over the contractual life of the respective security using the effective interest method. The amortized cost of investments represents the original cost adjusted for the amortization of premiums or accretion of discounts, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection. Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.
Other Income	Other Income From time to time, the Company may receive fees for services provided to portfolio companies. These fees will generally only be available to the Company as a result of closing investments, will normally be paid at the closing of the investments, are expected to be non-recurring and will be recognized as revenue when earned upon closing of the investment. The services provided vary by investment, but can include closing work, diligence or other similar fees and fees for providing managerial assistance to the Company’s portfolio companies. In addition, the Company may generate revenue in the form of commitment, origination, structuring or diligence fees, monitoring fees and possibly consulting and performance- based fees.
Deal Origination Costs	Deal Origination Costs The Company records origination and other expenses related to its investments as deferred financing costs. These expenses are deferred and amortized over the life of the related investment. Deal origination costs are presented on the Statements of Assets and Liabilities as a direct deduction from the investment. In circumstances in which there is not an associated investment amount recorded in the financial statements when the deal origination costs are incurred, such deal origination costs will be reported on the Statements of Assets and Liabilities as a liability until the investment is recorded.
Distributions to Stockholders	Distributions to Stockholders Distributions to stockholders are recorded on the record date. The amount to be distributed is determined by the Board of Directors and is generally based upon current and estimated net earnings. Net realized long-term capital gains, if any, would be generally distributed at least annually, although the Company may decide to retain such capital gains for investment.
Foreign security and currency translations	Foreign security and currency translations Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices to be more volatile than those of comparable U.S. companies or U.S. government securities.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In March 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. The amendments provide optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective upon issuance and can be applied through December 31, 2024. Management is currently evaluating the impact of the optional guidance on the Company’s financial statements and disclosures.
Income Taxes	Income Taxes The Company has elected to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). So long as the Company maintains its status as a RIC, it generally will not pay corporate level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its stockholders as dividends. Rather, any tax liability related to income distributed by the Company represents obligations of the Company’s investors and will not be reflected in the consolidated financial statements of the Company. To qualify as a RIC under Subchapter M of the Code, the Company must, among other things, meet certain source of income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its stockholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess of its realized net short-term capital gains over its realized net long-term capital losses.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Investments [Abstract]
Schedule of Investment Portfolio at Amortized Cost and Fair Value	The following table presents the composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2024: June 30, Amortized Fair Cost Value Corporate Bond Investments $ 34,385,730 $ 34,387,452 Senior Secured Loan Debt Instruments 11,980,969 12,081,852 Equity Investments - Preferred Stock 495,570 509,323 Short-Term Investments 24,449,048 24,448,910 Total Investments $ 71,311,317 $ 71,427,537
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets	100% of the investments held as of June 30, 2024 were within the United States. The industry composition of investments based on fair value, as a percentage of net assets, as of June 30, 2024 was as follows (the following table does not include short-term investments): Industry June 30, Consumer-Products 9.3 % Containers 9.2 % Energy 8.3 % Technology 7.2 % Homebuilders/Real Estate 6.5 % Chemicals 5.6 % Restaurants 5.1 % Building Materials 3.8 % Aerospace/Defense 1.7 % Leisure 1.7 % Broadcasting 1.7 % Super Retail 1.5 % Airlines 1.5 % Diversified Financial Services 1.4 % Gaming 0.7 % Total 65.2 %

Fair Value of Investments (Tabl

Fair Value of Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value of Investments [Abstract]
Schedule of Fair Value Hierarchy	The following table presents the fair value hierarchy as of June 30, 2024. Fair Value Hierarchy as of June 30, 2024 Description Level 1 Level 2 Level 3 Total Corporate Bond Investments $ - $ 34,387,452 $ - $ 34,387,452 Senior Secured Loan Debt Instruments - 7,102,002 4,979,850 12,081,852 Equity Investments - Preferred Stock - - 509,323 509,323 Short-Term Investments - 24,448,910 - 24,448,910 Total $ - $ 65,938,364 $ 5,489,173 $ 71,427,537
Schedule of Changes in the Fair Value of Investments	Senior Secured Loan Debt Instruments For the Fair value, beginning of period $ - Purchases of investments 4,856,582 Proceeds from principal pre-payments and sales of investments - Realized gain (loss) - Net change in unrealized appreciation/(depreciation) 118,328 Net accretion of discount on investments 4,940 Transfers into (out of) Level 3 - Fair value, end of period $ 4,979,850 Equity Investments – Preferred Stock For the Fair value, beginning of period $ - Purchases of investments 495,570 Proceeds from principal pre-payments and sales of investments - Realized gain (loss) - Net change in unrealized appreciation/(depreciation) 13,753 Net accretion of discount on investments - Transfers into (out of) Level 3 - Fair value, end of period $ 509,323
Schedule of Net Change in Unrealized Appreciation (Depreciation)	The following table presents the net change in unrealized appreciation (depreciation) for the period relating to these Level 3 assets that were still held by the Company at the end of June 30, 2024. Net Change in Unrealized Appreciation/(Depreciation) For the Senior Secured Loan Debt Instruments $ 118,328 Equity Investments – Preferred Stock 13,753 Total $ 132,081
Schedule of Significant Unobservable Inputs	The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of June 30, 2024. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Adviser’s determination of fair value. Fair Value Valuation Unobservable Range/Input Weighted Senior Secured Loan Debt Instruments (Non-Liquid 1 $ 4,979,850 Discounted cash flow Discount rate 7.56% 7.56% Equity Investments - Preferred Stock $ 509,323 Market approach EBITDA multiples 6.04x 6.04 Total $ 5,489,173

Net Assets (Tables)

Net Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Net Assets [Abstract]
Schedule of Common Stock Issuances	For the six months ended June 30, 2024, the Company had the following Common Stock issuances. Date Shares Aggregate January 19, 2024 72,000.0 $ 72,000,000 May 20, 2024 24.7 $ 24,690
Schedule of Company Declared Distributions	For the six months ended June 30, 2024, the Company declared the following distribution. Record Date Payable Date Distribution Distribution May 9, 2024 May 20, 2024 $ 8.23 $ 592,568

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Common Share	The following table sets forth the computation of basic and diluted earnings per common share for the six and three months ended June 30, 2024: For the For the Net increase (decrease) in net assets resulting from operations $ 803,270 $ 651,852 Weighted average common shares of common stock outstanding – basic and diluted 64,885.8 72,012.4 Basic and diluted net increase (decrease) in net assets resulting from operations per common share $ 12.38 $ 9.05

Consolidated Financial Highli_2

Consolidated Financial Highlights (Tables)	6 Months Ended
	Jun. 30, 2024
Consolidated Financial Highlights [Abstract]
Schedule of Consolidated Financial Highlights	The following is a schedule of consolidated financial highlights for the six months ended June 30, 2024. The per common share data has been derived from information provided in the consolidated financial statements. For the Per Common Share Operating Performance Net Asset Value, Beginning of Period $ 1,000.00 Results of Operations: Net Investment Income (Loss) (1) 10.56 Net Realized Gains/(Losses) and Unrealized Appreciation/(Depreciation) 0.59 Net Increase (Decrease) in Net Assets Resulting from Operations 11.15 Distributions to Common Stockholders Distributions from Net Investment Income (8.23 ) Net Decrease in Net Assets Resulting from Distributions (8.23 ) Net Asset Value, End of Period $ 1,002.92 Shares Outstanding, End of Period 72,025.7 Ratio/Supplemental Data Net assets, end of period $ 72,236,392 Weighted-average shares outstanding (2) 64,885.8 Total Return (3) 1.15 % Portfolio turnover (4) 106.79 % Ratio of total expenses to average net assets (5) 10.07 % Ratio of net investment income (loss) to average net assets (5) 2.86 % (1) The per common share data was derived using weighted average shares outstanding. (2) Calculated for the six months ended June 30, 2024. (3) Total return is based upon the change in net asset value per share between the opening and ending net asset values per share and the issuance of common stock in the period, and reflects reinvestment of any distributions to common stockholders. Total return is not annualized and does not include a sales load. (4) Portfolio turnover is not an annualized amount. (5) The ratios reflect an annualized amount.

Organization (Details)

Organization (Details)	Jun. 30, 2024 $ / shares
Common Stock [Member]
Organization [Line Items]
Common stock, par value	$ 0.001

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Investment taxable incme rate	90%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)		3 Months Ended	6 Months Ended
		Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Agreements and Related Party Transactions [Line Items]
Organizational and offering fees (in Dollars)		$ 365,462	$ 365,462
Management fee			0.3125%
Annual management fees			1.25%
Base management fees (in Dollars)		223,581	$ 400,630
Pre-incentive fee net investment income	[1]		10.07%
Incentive fee, description			●No incentive fee based on Pre-Incentive Fee Net Investment Income Returns in any calendar quarter in which the Company’s Pre-Incentive Fee Net Investment Income Returns do not exceed the hurdle rate of 1.75% per quarter (7% annualized);   ● 100% of the dollar amount of Pre-Incentive Fee Net Investment Income Returns with respect to that portion of such Pre-Incentive Fee Net Investment Income Returns, if any, that exceeds the hurdle rate until the Adviser has received 12.5% of the total Pre-Incentive Fee Net Investment Income Returns for that calendar quarter (the Company refers to this portion of the Pre-Incentive Fee Net Investment Income Returns (which exceeds the hurdle rate) as the “catch-up”); and   ● 12.5% of the dollar amount of all Pre-Incentive Fee Net Investment Income Returns, if any, once the Adviser has received the full catch-up.
Realized capital gains percentage			12.50%
Incentive fees (in Dollars)		$ 14,746	$ 14,746
Total costs of reimbursable (in Dollars)			$ 28,259
Share held by affiliated (in Shares)		1
Outstanding shares percentage			0%
Percentage of outstanding voting securities			5%
Per quarter [Member]
Agreements and Related Party Transactions [Line Items]
Pre-incentive fee net investment income			1.75%
Annual [Member]
Agreements and Related Party Transactions [Line Items]
Pre-incentive fee net investment income			7%
[1] The ratios reflect an annualized amount.

Investments (Details)

Investments (Details)	Jun. 30, 2024
United States [Member]
Investments [Line Items]
Investment amount	100%

Investments (Details) - Schedul

Investments (Details) - Schedule of Investment Portfolio at Amortized Cost and Fair Value - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]
Amortized Cost		$ 71,311,317	$ 0
Fair Value		71,427,537
Corporate Bond Investments [Member]
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]
Amortized Cost		34,385,730
Fair Value		34,387,452
Senior Secured Loan Debt Instruments [Member]
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]
Amortized Cost		11,980,969
Fair Value		12,081,852
Equity Investments - Preferred Stock [Member]
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]
Amortized Cost		495,570
Fair Value		509,323
Short-Term Investments [Member]
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]
Amortized Cost	[1]	24,449,048
Fair Value		$ 24,448,910
[1]The amortized cost represents the original cost adjusted for the accretion of discounts and amortization of premiums, as applicable, on debt investments using the effective interest method.

Investments (Details) - Sched_2

Investments (Details) - Schedule of Investments Based on Fair Value, as a Percentage of Net Assets	Jun. 30, 2024
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	65.20%
Consumer-Products [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	9.30%
Containers [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	9.20%
Energy [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	8.30%
Technology [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	7.20%
Homebuilders/Real Estate [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	6.50%
Chemicals [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	5.60%
Restaurants [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	5.10%
Building Materials [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	3.80%
Aerospace/Defense [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	1.70%
Leisure [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	1.70%
Broadcasting [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	1.70%
Super Retail [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	1.50%
Airlines [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	1.50%
Diversified Financial Services [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	1.40%
Gaming [Member]
Schedule of Investments Based on Fair Value, as a Percentage of Net Assets [Line Items]
Percentage of net assets	0.70%

Fair Value of Investments (Deta

Fair Value of Investments (Details) - Schedule of Fair Value Hierarchy	Jun. 30, 2024 USD ($)
Corporate Bond Investments [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	$ 34,387,452
Corporate Bond Investments [Member] | Level 1 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments
Corporate Bond Investments [Member] | Level 2 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	34,387,452
Corporate Bond Investments [Member] | Level 3 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments
Senior Secured Loan Debt Instruments [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	12,081,852
Senior Secured Loan Debt Instruments [Member] | Level 1 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments
Senior Secured Loan Debt Instruments [Member] | Level 2 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	7,102,002
Senior Secured Loan Debt Instruments [Member] | Level 3 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	4,979,850
Equity Investments - Preferred Stock [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	509,323
Equity Investments - Preferred Stock [Member] | Level 1 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments
Equity Investments - Preferred Stock [Member] | Level 2 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments
Equity Investments - Preferred Stock [Member] | Level 3 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	509,323
Short-Term Investments [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	24,448,910
Short-Term Investments [Member] | Level 1 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments
Short-Term Investments [Member] | Level 2 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	24,448,910
Short-Term Investments [Member] | Level 3 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments
Fair Value Measurement [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	71,427,537
Fair Value Measurement [Member] | Level 1 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments
Fair Value Measurement [Member] | Level 2 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	65,938,364
Fair Value Measurement [Member] | Level 3 [Member]
Schedule of Fair Value Hierarchy [Line Items]
Fair value of investments	$ 5,489,173

Fair Value of Investments (De_2

Fair Value of Investments (Details) - Schedule of Changes in the Fair Value of Investments - Level 3 [Member]	6 Months Ended
	Jun. 30, 2024 USD ($)
Senior Secured Loan Debt Instruments [Member]
Schedule of Changes in the Fair Value of Investments [Line Items]
Fair value, beginning of period
Purchases of investments	4,856,582
Proceeds from principal pre-payments and sales of investments
Realized gain (loss)
Net change in unrealized appreciation/(depreciation)	118,328
Net accretion of discount on investments	4,940
Transfers into (out of) Level 3
Fair value, end of period	4,979,850
Equity Investments – Preferred Stock [Member]
Schedule of Changes in the Fair Value of Investments [Line Items]
Fair value, beginning of period
Purchases of investments	495,570
Proceeds from principal pre-payments and sales of investments
Realized gain (loss)
Net change in unrealized appreciation/(depreciation)	13,753
Net accretion of discount on investments
Transfers into (out of) Level 3
Fair value, end of period	$ 509,323

Fair Value of Investments (De_3

Fair Value of Investments (Details) - Schedule of Net Change in Unrealized Appreciation (Depreciation) - Level 3 [Member]	6 Months Ended
	Jun. 30, 2024 USD ($)
Schedule of Net Change in Unrealized Appreciation (Depreciation) [Line Items]
Net Change in Unrealized Appreciation/(Depreciation)	$ 132,081
Senior Secured Loan Debt Instruments [Member]
Schedule of Net Change in Unrealized Appreciation (Depreciation) [Line Items]
Net Change in Unrealized Appreciation/(Depreciation)	118,328
Equity Investments – Preferred Stock [Member] [Member]
Schedule of Net Change in Unrealized Appreciation (Depreciation) [Line Items]
Net Change in Unrealized Appreciation/(Depreciation)	$ 13,753

Fair Value of Investments (De_4

Fair Value of Investments (Details) - Schedule of Significant Unobservable Inputs - Level 3 [Member]	6 Months Ended
	Jun. 30, 2024 USD ($)
Schedule of Significant Unobservable Inputs [Line Items]
Fair Value (in Dollars)	$ 5,489,173
Senior Secured Loan Debt Instruments [Member]
Schedule of Significant Unobservable Inputs [Line Items]
Fair Value (in Dollars)	$ 4,979,850	[1]
Valuation Technique	Discounted cash flow	[1]
Unobservable Input		[1]
Range/Input	7.56%
Weighted Average Inputs	7.56%	[1]
Equity Investments - Preferred Stock [Member]
Schedule of Significant Unobservable Inputs [Line Items]
Fair Value (in Dollars)	$ 509,323
Valuation Technique	Market approach
Unobservable Input	EBITDA multiples
Range/Input	6.04%
Weighted Average Inputs	6.04%
[1]Privately held assets without available third-party pricing or trading information.

Net Assets (Details) - Schedule

Net Assets (Details) - Schedule of Common Stock Issuances	6 Months Ended
	Jun. 30, 2024 USD ($) shares
January 19, 2024 [Member]
Schedule of Common Stock Issuances [Line Items]
Shares issued and sold | shares	72,000
Aggregate purchase price | $	$ 72,000,000
May 20, 2024 [Member]
Schedule of Common Stock Issuances [Line Items]
Shares issued and sold | shares	24.7
Aggregate purchase price | $	$ 24,690

Net Assets (Details) - Schedu_2

Net Assets (Details) - Schedule of Company Declared Distributions - May 9, 2024 [Member]	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares
Schedule of Company Declared Distributions [Line Items]
Payable Date	May 20, 2024
Distribution Rate per Share | $ / shares	$ 8.23
Distribution Paid | $	$ 592,568

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of Computation of Basic and Diluted Earnings Per Common Share - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Schedule of Computation of Basic and Diluted Earnings Per Common Share [Abstract]
Net increase (decrease) in net assets resulting from operations	$ 651,852	$ 803,270
Weighted average common shares of common stock outstanding – basic and diluted	72,012.4	64,885.8
Basic and diluted net increase (decrease) in net assets resulting from operations per common share	$ 9.05	$ 12.38

Earnings Per Share (Details) _2

Earnings Per Share (Details) - Schedule of Computation of Basic and Diluted Earnings Per Common Share (Parentheticals) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Schedule of Computation of Basic and Diluted Earnings Per Common Share [Abstract]
Weighted average common shares of common stock outstanding – Diluted	72,001	64,880.1
Diluted net increase (decrease) in net assets resulting from operations per common share	$ 9.05	$ 12.38

Consolidated Financial Highli_3

Consolidated Financial Highlights (Details) - Schedule of Consolidated Financial Highlights - USD ($)		6 Months Ended
		Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Per Common Share Operating Performance
Net Asset Value, Beginning of Period		$ 1,000
Results of Operations:
Net Investment Income (Loss)	[1]	10.56
Net Realized Gains/(Losses) and Unrealized Appreciation/(Depreciation)		0.59
Net Increase (Decrease) in Net Assets Resulting from Operations		11.15
Distributions to Common Stockholders
Distributions from Net Investment Income		(8.23)
Net Decrease in Net Assets Resulting from Distributions		(8.23)
Net Asset Value, End of Period		$ 1,002.92
Shares Outstanding, End of Period (in Shares)		72,025.7
Ratio/Supplemental Data
Net assets, end of period (in Dollars)		$ 72,236,392	$ 71,938,992	$ 1,000
Weighted-average shares outstanding	[2]	$ 64,885.8
Total Return	[3]	1.15%
Portfolio turnover	[4]	106.79%
Ratio of total expenses to average net assets	[5]	10.07%
Ratio of net investment income (loss) to average net assets	[5]	2.86%
[1] The per common share data was derived using weighted average shares outstanding. Calculated for the six months ended June 30, 2024. Total return is based upon the change in net asset value per share between the opening and ending net asset values per share and the issuance of common stock in the period, and reflects reinvestment of any distributions to common stockholders. Total return is not annualized and does not include a sales load. Portfolio turnover is not an annualized amount. The ratios reflect an annualized amount.

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Aug. 19, 2024	Aug. 08, 2024
Subsequent Event [Member]
Subsequent Event [Line Items]
Distribution of per share		$ 9.59
Forecast [Member]
Subsequent Event [Line Items]
Distribution payable	$ 690,727