HPS Corporate Capital Solutions Fund 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 09, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	814-01715
Entity Registrant Name	HPS Corporate Capital Solutions Fund
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-6616284
Entity Address, Address Line One	40 West 57th Street
Entity Address, Address Line Two	33rd Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
Local Phone Number	212
City Area Code	287-6767
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,410,044
Entity Central Index Key	0001989817
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Statements of Assets and Liabil

Statements of Assets and Liabilities - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Non-controlled/non-affiliated investments (amortized cost of $501,527 and $0 at June 30, 2024 and December 31, 2023, respectively)	$ 503,227	$ 0
Cash and cash equivalents	5,968	3
Interest receivable	5,958	0
Deferred financing costs	3,848	0
Deferred offering costs	1,404	0
Derivative assets, at fair value (Note 6)	576	0
Receivable for investments sold	13	0
Other assets	139	0
Total assets	521,133	3
LIABILITIES
Debt	36,700	0
Payable for investments purchased	72,359	0
Interest payable	535	0
Due to affiliates	1,616	0
Distribution payable (Note 9)	4,576	0
Capital gains incentive fees payable (Note 3)	371	0
Total liabilities	116,157	0
Commitments and contingencies (Note 8)
NET ASSETS
Common Shares, $0.01 par value (15,601,468 and 100 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively)	156	0
Additional paid in capital	394,775	3
Distributable earnings (loss)	10,045	0
Total net assets	404,976	3
Total liabilities and net assets	$ 521,133	$ 3
Net asset value per share (in dollars per share)	$ 25.96	$ 25

Statements of Assets and Liab_2

Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortized Cost	$ 501,527
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	15,601,468	100
Common stock, shares outstanding (in shares)	15,601,468	100
Unaffiliated
Amortized Cost	$ 501,527	$ 0

Statements of Operations

Statements of Operations - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Investment income:
Total investment income	$ 19,712	$ 19,712
Expenses:
Interest expense	7,195	7,195
Management fees	910	910
Income based incentive fee	1,339	1,339
Capital gains incentive fee	371	371
Shareholder servicing and/or distribution fees	185	185
Professional fees	262	474
Board of Trustees’ fees	85	140
Administrative service expenses (Note 3)	343	343
Other general & administrative	436	510
Organization expenses (Note 2)	100	150
Amortization of continuous offering costs	382	382
Total expenses	11,608	11,999
Expense Support (Note 3)	(1,608)	(1,999)
Net expenses	7,566	7,566
Net investment income	12,146	12,146
Net realized and change in unrealized gain (loss):
Non-controlled/non-affiliated investments		2
Foreign currency forward contracts	35	35
Foreign currency transactions	162	162
Net realized gain (loss)	199	199
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated investments		1,700
Foreign currency forward contracts	576	576
Translation of assets and liabilities in foreign currencies	0	0
Net change in unrealized appreciation (depreciation)	2,276	2,276
Net realized and change in unrealized gain (loss)	2,475	2,475
Net increase (decrease) in net assets resulting from operations	14,621	14,621
Unaffiliated
Investment income:
Interest income	16,585	16,585
Payment-in-kind interest income	3,124	3,124
Other income	3	3
Net realized and change in unrealized gain (loss):
Non-controlled/non-affiliated investments	2	2
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated investments	1,700	1,700
Shareholder Servicing and Distribution Fees
Expenses:
Fee waived	(185)	(185)
Management Fee
Expenses:
Management fees	900	900
Fee waived	(910)	(910)
Incentive Fee
Expenses:
Fee waived	$ (1,339)	$ (1,339)

Statements of Changes in Net As

Statements of Changes in Net Assets - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Increase (decrease) in net assets from operations:
Net investment income	$ 12,146,000	$ 12,146,000
Net realized gain (loss)	199,000	199,000
Net change in unrealized appreciation (depreciation)	2,276,000	2,276,000
Net increase (decrease) in net assets resulting from operations	14,621,000	14,621,000
Distributions:
Distributions to common shareholders	(4,576,000)	(4,576,000)
Share transactions:
Proceeds from Common Shares sold	394,928,000	394,928,000
Net increase (decrease) from share transactions	394,928,000	394,928,000
Total increase (decrease) in net assets	404,973,000	404,973,000
Net assets, beginning of period	3,000	3,000
Net assets, end of period	$ 404,976,000	$ 404,976,000

Statement of Cash Flows

Statement of Cash Flows $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$ 14,621
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	(1,700)
Net realized (gain) loss on investments	(2)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts	(576)
Net accretion of discount and amortization of premium, net	(1,198)
Amortization of deferred financing costs	176
Amortization of offering costs	382
Payment-in-kind interest capitalized	(2,494)
Purchases of investments	(509,098)
Proceeds from sale of investments and principal repayments	11,265
Changes in operating assets and liabilities:
Interest receivable	(5,958)
Receivable for investments sold	(13)
Other assets	(139)
Payable for investments purchased	72,359
Interest payable	535
Due to affiliates	1,616
Capital gains incentive fees payable	371
Net cash provided by (used in) operating activities	(419,853)
Cash flows from financing activities:
Borrowings on debt	217,200
Repayments of debt	(180,500)
Deferred financing costs paid	(4,024)
Deferred offering costs paid	(1,786)
Proceeds from issuance of Common Shares	394,928
Net cash provided by (used in) financing activities	425,818
Net increase (decrease) in cash and cash equivalents	5,965
Cash and cash equivalents, beginning of period	3
Cash and cash equivalents, end of period	5,968
Supplemental information and non-cash activities:
Interest paid during the period	6,660
Distribution payable	$ 4,576

Schedule of Investments

Schedule of Investments € in Thousands, shares in Thousands, $ in Thousands	Jun. 30, 2024 USD ($) shares		Jun. 30, 2024 EUR (€) shares		Dec. 31, 2023 USD ($)
Schedule of Investments [Line Items]
Amortized Cost	$ 501,527
Fair Value	$ 503,227				$ 0
Percentage of Net Assets	124.26%		124.26%
Total Cash Equivalents	$ 5,838	[1]
Total Cash Equivalents, Fair Value	$ 5,838
Total Cash Equivalents, Percentage of Net Assets	1.44%		1.44%
Total Investment Portfolio and Cash Equivalents, Amortized Cost	$ 507,365	[1]
Total Investment Portfolio and Cash Equivalents, Fair Value	$ 509,065
Total Investment Portfolio and Cash Equivalents	125.70%		125.70%
Non-controlled/non-affiliated
Schedule of Investments [Line Items]
Amortized Cost	$ 501,527				$ 0
First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	464,199	[1]
Fair Value	$ 465,602
Percentage of Net Assets	114.97%		114.97%
Second Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 1,279	[1]
Fair Value	$ 1,286
Percentage of Net Assets	0.32%		0.32%
Other Secured Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 19,640	[1]
Fair Value	$ 19,786
Percentage of Net Assets	4.89%		4.89%
Unsecured Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 15,459	[1]
Fair Value	$ 15,581
Percentage of Net Assets	3.85%		3.85%
Equity Investments
Schedule of Investments [Line Items]
Amortized Cost	$ 950	[1]
Fair Value	$ 972
Percentage of Net Assets	0.24%		0.24%
Equity Investments | Non-controlled/non-affiliated
Schedule of Investments [Line Items]
Amortized Cost	$ 501,527	[1]
Fair Value	$ 503,227
Percentage of Net Assets	124.26%		124.26%
Aerospace and Defense
Schedule of Investments [Line Items]
Fair Value	$ 43,823
Aerospace and Defense | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	43,288	[1]
Fair Value	$ 43,823
Percentage of Net Assets	10.82%		10.82%
Asset Based Lending and Fund Finance
Schedule of Investments [Line Items]
Fair Value	$ 21,186
Asset Based Lending and Fund Finance | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	1,399	[1]
Fair Value	$ 1,400
Percentage of Net Assets	0.35%		0.35%
Asset Based Lending and Fund Finance | Other Secured Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 19,640	[1]
Fair Value	$ 19,786
Percentage of Net Assets	4.89%		4.89%
Automobiles and Parts | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 4,900	[1]
Fair Value	$ 4,791
Percentage of Net Assets	1.18%		1.18%
Chemicals
Schedule of Investments [Line Items]
Fair Value	$ 23,616
Chemicals | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	23,769	[1]
Fair Value	$ 23,616
Percentage of Net Assets	5.83%		5.83%
Construction and Materials
Schedule of Investments [Line Items]
Fair Value	$ 9,601
Construction and Materials | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	9,569	[1]
Fair Value	$ 9,601
Percentage of Net Assets	2.37%		2.37%
Consumer Services
Schedule of Investments [Line Items]
Fair Value	$ 22,276
Consumer Services | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	22,267	[1]
Fair Value	$ 22,276
Percentage of Net Assets	5.50%		5.50%
Electricity
Schedule of Investments [Line Items]
Fair Value	$ 10,077
Electricity | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	9,975	[1]
Fair Value	$ 10,077
Percentage of Net Assets	2.49%		2.49%
Finance and Credit Services
Schedule of Investments [Line Items]
Fair Value	$ 2,754
Finance and Credit Services | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	2,709	[1]
Fair Value	$ 2,754
Percentage of Net Assets	0.68%		0.68%
General Industrials
Schedule of Investments [Line Items]
Fair Value	$ 46,666
General Industrials | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	46,619	[1]
Fair Value	$ 46,666
Percentage of Net Assets	11.52%		11.52%
Health Care Providers
Schedule of Investments [Line Items]
Fair Value	$ 9,954
Health Care Providers | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	10,003	[1]
Fair Value	$ 9,954
Percentage of Net Assets	2.46%		2.46%
Household Goods and Home Construction
Schedule of Investments [Line Items]
Fair Value	$ 2,319
Household Goods and Home Construction | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	2,402	[1]
Fair Value	$ 2,319
Percentage of Net Assets	0.57%		0.57%
Industrial Engineering
Schedule of Investments [Line Items]
Fair Value	$ 2,500
Industrial Engineering | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	2,465	[1]
Fair Value	$ 2,500
Percentage of Net Assets	0.62%		0.62%
Industrial Support Services
Schedule of Investments [Line Items]
Fair Value	$ 61,799
Industrial Support Services | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	61,678	[1]
Fair Value	$ 61,799
Percentage of Net Assets	15.26%		15.26%
Industrial Transportation
Schedule of Investments [Line Items]
Fair Value	$ 18,227
Industrial Transportation | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	18,123	[1]
Fair Value	$ 18,227
Percentage of Net Assets	4.50%		4.50%
Investment Banking and Brokerage Services
Schedule of Investments [Line Items]
Fair Value	$ 4,017
Investment Banking and Brokerage Services | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	3,825	[1]
Fair Value	$ 4,017
Percentage of Net Assets	0.99%		0.99%
Media
Schedule of Investments [Line Items]
Fair Value	$ 42,923
Media | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	42,543	[1]
Fair Value	$ 42,923
Percentage of Net Assets	10.60%		10.60%
Medical Equipment and Services
Schedule of Investments [Line Items]
Fair Value	$ 37,207
Medical Equipment and Services | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	21,760	[1]
Fair Value	$ 21,626
Percentage of Net Assets	5.34%		5.34%
Medical Equipment and Services | Unsecured Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 15,459	[1]
Fair Value	$ 15,581
Percentage of Net Assets	3.85%		3.85%
Pharmaceuticals and Biotechnology
Schedule of Investments [Line Items]
Fair Value	$ 4,989
Pharmaceuticals and Biotechnology | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	4,998	[1]
Fair Value	$ 4,989
Percentage of Net Assets	1.23%		1.23%
Retailers
Schedule of Investments [Line Items]
Fair Value	$ 43,143
Retailers | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	43,615	[1]
Fair Value	$ 43,143
Percentage of Net Assets	10.65%		10.65%
Software and Computer Services
Schedule of Investments [Line Items]
Fair Value	$ 36,558
Software and Computer Services | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	36,093	[1]
Fair Value	$ 36,558
Percentage of Net Assets	9.03%		9.03%
Technology Hardware and Equipment
Schedule of Investments [Line Items]
Fair Value	$ 2,871
Technology Hardware and Equipment | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	2,842	[1]
Fair Value	$ 2,871
Percentage of Net Assets	0.71%		0.71%
Telecommunications Equipment
Schedule of Investments [Line Items]
Fair Value	$ 19,626
Telecommunications Equipment | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	19,590	[1]
Fair Value	$ 19,626
Percentage of Net Assets	4.85%		4.85%
Travel and Leisure
Schedule of Investments [Line Items]
Fair Value	$ 32,304
Travel and Leisure | First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	29,767	[1]
Fair Value	$ 30,046
Percentage of Net Assets	7.42%		7.42%
Travel and Leisure | Second Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 1,279	[1]
Fair Value	$ 1,286
Percentage of Net Assets	0.32%		0.32%
Investment, Identifier [Axis]: 1251 Financing Company, LLC, 2
Schedule of Investments [Line Items]
Spread	7%	[2],[3],[4]	7%	[2],[3],[4]
Interest Rate	12.48%	[2],[3],[4]	12.48%	[2],[3],[4]
Par Amount/Units	$ 840	[2],[4]
Amortized Cost	817	[1],[2],[4]
Fair Value	$ 838	[2],[4]
Investment, Identifier [Axis]: 1251 Financing Company, LLC, 1
Schedule of Investments [Line Items]
Spread	7%	[2],[3],[4]	7%	[2],[3],[4]
Interest Rate	12.46%	[2],[3],[4]	12.46%	[2],[3],[4]
Par Amount/Units	$ 940	[2],[4]
Amortized Cost	915	[1],[2],[4]
Fair Value	$ 938	[2],[4]
Investment, Identifier [Axis]: ADG Acquisition, LLC, 1
Schedule of Investments [Line Items]
Spread	8%	[3],[4],[5]	8%	[3],[4],[5]
Interest Rate	13.54%	[3],[4],[5]	13.54%	[3],[4],[5]
Par Amount/Units	$ 156	[4],[5]
Amortized Cost	156	[1],[4],[5]
Fair Value	$ 156	[4],[5]
Investment, Identifier [Axis]: ADG Acquisition, LLC, 2
Schedule of Investments [Line Items]
Spread	8%	[3],[4],[5]	8%	[3],[4],[5]
Interest Rate	13.42%	[3],[4],[5]	13.42%	[3],[4],[5]
Par Amount/Units	$ 6,969	[4],[5]
Amortized Cost	6,952	[1],[4],[5]
Fair Value	$ 6,957	[4],[5]
Investment, Identifier [Axis]: Allied Universal Holdco LLC,
Schedule of Investments [Line Items]
Spread	3.75%	[3],[6]	3.75%	[3],[6]
Interest Rate	9.19%	[3],[6]	9.19%	[3],[6]
Par Amount/Units	$ 7,481	[6]
Amortized Cost	7,499	[1],[6]
Fair Value	$ 7,460	[6]
Investment, Identifier [Axis]: American Academy Holdings, LLC, 1
Schedule of Investments [Line Items]
Spread	9.75%	[3],[4],[7]	9.75%	[3],[4],[7]
Interest Rate, PIK	5.25%	[3],[4],[7]	5.25%	[3],[4],[7]
Interest Rate	15.21%	[3],[4],[7]	15.21%	[3],[4],[7]
Par Amount/Units	$ 6,430	[4],[7]
Amortized Cost	6,432	[1],[4],[7]
Fair Value	6,429	[4],[7]
Investment, Identifier [Axis]: American Academy Holdings, LLC, 2
Schedule of Investments [Line Items]
Par Amount/Units	160	[4],[7],[8]
Amortized Cost	0	[1],[4],[7],[8]
Fair Value	$ 0	[4],[7],[8]
Investment, Identifier [Axis]: Asurion Corporation,
Schedule of Investments [Line Items]
Spread	3.25%	[3],[9],[10]	3.25%	[3],[9],[10]
Interest Rate	8.71%	[3],[9],[10]	8.71%	[3],[9],[10]
Par Amount/Units	$ 4,987	[9],[10]
Amortized Cost	4,962	[1],[9],[10]
Fair Value	$ 4,952	[9],[10]
Investment, Identifier [Axis]: AthenaHealth Group Inc.,
Schedule of Investments [Line Items]
Spread	3.25%	[3],[6],[10]	3.25%	[3],[6],[10]
Interest Rate	8.59%	[3],[6],[10]	8.59%	[3],[6],[10]
Par Amount/Units	$ 9,975	[6],[10]
Amortized Cost	10,003	[1],[6],[10]
Fair Value	$ 9,954	[6],[10]
Investment, Identifier [Axis]: Atlas Intermediate III, L.L.C.,
Schedule of Investments [Line Items]
Spread	8.25%	[2],[3],[4]	8.25%	[2],[3],[4]
Interest Rate, PIK	4%	[2],[3],[4]	4%	[2],[3],[4]
Interest Rate	13.58%	[2],[3],[4]	13.58%	[2],[3],[4]
Par Amount/Units	$ 8,838	[2],[4]
Amortized Cost	8,645	[1],[2],[4]
Fair Value	8,762	[2],[4]
Investment, Identifier [Axis]: BNY Mellon US Treasury Fund,
Schedule of Investments [Line Items]
Cash Equivalents	$ 1,036	[1],[11]
Investment, Identifier [Axis]: Bakelite US Holdco Inc,
Schedule of Investments [Line Items]
Spread	3.50%	[3],[6],[10]	3.50%	[3],[6],[10]
Interest Rate	8.83%	[3],[6],[10]	8.83%	[3],[6],[10]
Par Amount/Units	$ 2,000	[6],[10]
Amortized Cost	2,013	[1],[6],[10]
Fair Value	$ 2,011	[6],[10]
Investment, Identifier [Axis]: Becklar, LLC, 1
Schedule of Investments [Line Items]
Spread	6.85%	[2],[3],[4]	6.85%	[2],[3],[4]
Interest Rate	12.29%	[2],[3],[4]	12.29%	[2],[3],[4]
Par Amount/Units	$ 659	[2],[4]
Amortized Cost	655	[1],[2],[4]
Fair Value	$ 655	[2],[4]
Investment, Identifier [Axis]: Becklar, LLC, 2
Schedule of Investments [Line Items]
Spread	6.85%	[2],[3],[4]	6.85%	[2],[3],[4]
Interest Rate	12.29%	[2],[3],[4]	12.29%	[2],[3],[4]
Par Amount/Units	$ 1,511	[2],[4]
Amortized Cost	1,502	[1],[2],[4]
Fair Value	1,503	[2],[4]
Investment, Identifier [Axis]: CC WDW Borrower, Inc., 1
Schedule of Investments [Line Items]
Par Amount/Units	1,631	[2],[4],[8]
Amortized Cost	(58)	[1],[2],[4],[8]
Fair Value	$ (113)	[2],[4],[8]
Investment, Identifier [Axis]: CC WDW Borrower, Inc., 2
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4]	6.75%	[2],[3],[4]
Interest Rate	12.23%	[2],[3],[4]	12.23%	[2],[3],[4]
Par Amount/Units	$ 3,205	[2],[4]
Amortized Cost	2,900	[1],[2],[4]
Fair Value	$ 2,984	[2],[4]
Investment, Identifier [Axis]: CRSS HPS LLC,
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4],[11]	6.75%	[2],[3],[4],[11]
Interest Rate	12.18%	[2],[3],[4],[11]	12.18%	[2],[3],[4],[11]
Par Amount/Units	$ 1,422	[2],[4],[11]
Amortized Cost	1,399	[1],[2],[4],[11]
Fair Value	$ 1,400	[2],[4],[11]
Investment, Identifier [Axis]: Capripack Debtco PLC, 1
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4],[11]	6.75%	[2],[3],[4],[11]
Interest Rate, PIK	2.50%	[2],[3],[4],[11]	2.50%	[2],[3],[4],[11]
Interest Rate	10.64%	[2],[3],[4],[11]	10.64%	[2],[3],[4],[11]
Par Amount/Units | €			€ 5,144	[2],[4],[11]
Amortized Cost	$ 5,439	[1],[2],[4],[11]
Fair Value	$ 5,441	[2],[4],[11]
Investment, Identifier [Axis]: Capripack Debtco PLC, 2
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4],[11]	6.75%	[2],[3],[4],[11]
Interest Rate, PIK	2.50%	[2],[3],[4],[11]	2.50%	[2],[3],[4],[11]
Interest Rate	10.64%	[2],[3],[4],[11]	10.64%	[2],[3],[4],[11]
Par Amount/Units | €			€ 27,693	[2],[4],[11]
Amortized Cost	$ 29,279	[1],[2],[4],[11]
Fair Value	$ 29,295	[2],[4],[11]
Investment, Identifier [Axis]: Consolidated Information Services Solutions, LLC, 1
Schedule of Investments [Line Items]
Spread	7.47%	[2],[3],[4]	7.47%	[2],[3],[4]
Interest Rate	12.95%	[2],[3],[4]	12.95%	[2],[3],[4]
Par Amount/Units	$ 541	[2],[4]
Amortized Cost	514	[1],[2],[4]
Fair Value	$ 523	[2],[4]
Investment, Identifier [Axis]: Consolidated Information Services Solutions, LLC, 2
Schedule of Investments [Line Items]
Spread	7.47%	[2],[3],[4]	7.47%	[2],[3],[4]
Interest Rate	12.95%	[2],[3],[4]	12.95%	[2],[3],[4]
Par Amount/Units	$ 2,310	[2],[4]
Amortized Cost	2,195	[1],[2],[4]
Fair Value	$ 2,231	[2],[4]
Investment, Identifier [Axis]: Corza Medical S.À R.L.
Schedule of Investments [Line Items]
Interest Rate	14%	[3],[4],[11]	14%	[3],[4],[11]
Par Amount/Units	$ 15,739	[4],[11]
Amortized Cost	15,459	[1],[4],[11]
Fair Value	$ 15,581	[4],[11]
Investment, Identifier [Axis]: Cotiviti Inc,
Schedule of Investments [Line Items]
Spread	3.25%	[3],[9],[10]	3.25%	[3],[9],[10]
Interest Rate	8.58%	[3],[9],[10]	8.58%	[3],[9],[10]
Par Amount/Units	$ 5,000	[9],[10]
Amortized Cost	5,038	[1],[9],[10]
Fair Value	$ 4,988	[9],[10]
Investment, Identifier [Axis]: Crunch Holdings, LLC,
Schedule of Investments [Line Items]
Spread	5.50%	[2],[3],[4]	5.50%	[2],[3],[4]
Interest Rate	10.94%	[2],[3],[4]	10.94%	[2],[3],[4]
Par Amount/Units	$ 2,275	[2],[4]
Amortized Cost	2,278	[1],[2],[4]
Fair Value	$ 2,275	[2],[4]
Investment, Identifier [Axis]: Delta Topco, Inc.,
Schedule of Investments [Line Items]
Spread	3.50%	[3],[9],[10]	3.50%	[3],[9],[10]
Interest Rate	8.85%	[3],[9],[10]	8.85%	[3],[9],[10]
Par Amount/Units	$ 5,000	[9],[10]
Amortized Cost	5,038	[1],[9],[10]
Fair Value	5,004	[9],[10]
Investment, Identifier [Axis]: Dreyfus Government Cash Management,
Schedule of Investments [Line Items]
Cash Equivalents	680	[1],[11]
Investment, Identifier [Axis]: Dreyfus Treasury Securities Cash Management,
Schedule of Investments [Line Items]
Cash Equivalents	$ 4,122	[1],[11]
Investment, Identifier [Axis]: Edmentum Ultimate Holdings, LLC,
Schedule of Investments [Line Items]
Spread	7%	[2],[3],[4]	7%	[2],[3],[4]
Interest Rate	12.48%	[2],[3],[4]	12.48%	[2],[3],[4]
Par Amount/Units	$ 5,430	[2],[4]
Amortized Cost	5,248	[1],[2],[4]
Fair Value	$ 5,247	[2],[4]
Investment, Identifier [Axis]: Endo Finance Holdings Inc,
Schedule of Investments [Line Items]
Spread	4.50%	[3],[6],[10]	4.50%	[3],[6],[10]
Interest Rate	9.83%	[3],[6],[10]	9.83%	[3],[6],[10]
Par Amount/Units	$ 5,000	[6],[10]
Amortized Cost	5,013	[1],[6],[10]
Fair Value	$ 5,000	[6],[10]
Investment, Identifier [Axis]: Equinox Holdings, Inc., 1
Schedule of Investments [Line Items]
Spread	8.25%	[2],[3],[4]	8.25%	[2],[3],[4]
Interest Rate, PIK	4.13%	[2],[3],[4]	4.13%	[2],[3],[4]
Interest Rate	13.58%	[2],[3],[4]	13.58%	[2],[3],[4]
Par Amount/Units	$ 9,835	[2],[4]
Amortized Cost	9,608	[1],[2],[4]
Fair Value	$ 9,713	[2],[4]
Investment, Identifier [Axis]: Equinox Holdings, Inc., 2
Schedule of Investments [Line Items]
Interest Rate	16%	[3],[4]	16%	[3],[4]
Par Amount/Units	$ 1,313	[4]
Amortized Cost	1,279	[1],[4]
Fair Value	$ 1,286	[4]
Investment, Identifier [Axis]: Femur Buyer, Inc.,
Schedule of Investments [Line Items]
Spread	8.25%	[2],[3],[4]	8.25%	[2],[3],[4]
Interest Rate, PIK	4.50%	[2],[3],[4]	4.50%	[2],[3],[4]
Interest Rate	13.59%	[2],[3],[4]	13.59%	[2],[3],[4]
Par Amount/Units	$ 21,409	[2],[4]
Amortized Cost	20,905	[1],[2],[4]
Fair Value	$ 20,758	[2],[4]
Investment, Identifier [Axis]: Finastra USA, Inc.,
Schedule of Investments [Line Items]
Spread	7.25%	[2],[3]	7.25%	[2],[3]
Interest Rate	12.46%	[2],[3]	12.46%	[2],[3]
Par Amount/Units	$ 16,785	[2]
Amortized Cost	16,494	[1],[2]
Fair Value	$ 16,869	[2]
Investment, Identifier [Axis]: Formerra, LLC, 1
Schedule of Investments [Line Items]
Spread	7.25%	[2],[3],[4]	7.25%	[2],[3],[4]
Interest Rate	12.74%	[2],[3],[4]	12.74%	[2],[3],[4]
Par Amount/Units	$ 235	[2],[4]
Amortized Cost	233	[1],[2],[4]
Fair Value	$ 234	[2],[4]
Investment, Identifier [Axis]: Formerra, LLC, 2
Schedule of Investments [Line Items]
Spread	7.25%	[2],[3],[4]	7.25%	[2],[3],[4]
Interest Rate	12.73%	[2],[3],[4]	12.73%	[2],[3],[4]
Par Amount/Units	$ 5,842	[2],[4]
Amortized Cost	5,799	[1],[2],[4]
Fair Value	$ 5,807	[2],[4]
Investment, Identifier [Axis]: Grant Thornton LLP
Schedule of Investments [Line Items]
Spread	3.25%	[3],[9],[10]	3.25%	[3],[9],[10]
Interest Rate	8.60%	[3],[9],[10]	8.60%	[3],[9],[10]
Par Amount/Units	$ 5,625	[9],[10]
Amortized Cost	5,625	[1],[9],[10]
Fair Value	$ 5,648	[9],[10]
Investment, Identifier [Axis]: Hamilton Projects Acquiror, LLC
Schedule of Investments [Line Items]
Spread	3.75%	[3],[6]	3.75%	[3],[6]
Interest Rate	9.09%	[3],[6]	9.09%	[3],[6]
Par Amount/Units	$ 10,000	[6]
Amortized Cost	9,975	[1],[6]
Fair Value	$ 10,077	[6]
Investment, Identifier [Axis]: IPC Corp.,
Schedule of Investments [Line Items]
Spread	6.50%	[2],[3],[4]	6.50%	[2],[3],[4]
Interest Rate	11.96%	[2],[3],[4]	11.96%	[2],[3],[4]
Par Amount/Units	$ 7,500	[2],[4]
Amortized Cost	7,217	[1],[2],[4]
Fair Value	$ 7,287	[2],[4]
Investment, Identifier [Axis]: Johnstone Supply LLC,
Schedule of Investments [Line Items]
Spread	3%	[3],[9],[10]	3%	[3],[9],[10]
Interest Rate	8.33%	[3],[9],[10]	8.33%	[3],[9],[10]
Par Amount/Units	$ 3,636	[9],[10]
Amortized Cost	3,627	[1],[9],[10]
Fair Value	$ 3,645	[9],[10]
Investment, Identifier [Axis]: Kensing, LLC, 1
Schedule of Investments [Line Items]
Spread	7.25%	[2],[3],[4]	7.25%	[2],[3],[4]
Interest Rate	12.72%	[2],[3],[4]	12.72%	[2],[3],[4]
Par Amount/Units	$ 693	[2],[4]
Amortized Cost	691	[1],[2],[4]
Fair Value	$ 676	[2],[4]
Investment, Identifier [Axis]: Kensing, LLC, 2
Schedule of Investments [Line Items]
Spread	7.25%	[2],[3],[4]	7.25%	[2],[3],[4]
Interest Rate	12.72%	[2],[3],[4]	12.72%	[2],[3],[4]
Par Amount/Units	$ 2,812	[2],[4]
Amortized Cost	2,803	[1],[2],[4]
Fair Value	$ 2,743	[2],[4]
Investment, Identifier [Axis]: Kensing, LLC, 3
Schedule of Investments [Line Items]
Spread	7.25%	[2],[3],[4]	7.25%	[2],[3],[4]
Interest Rate	12.72%	[2],[3],[4]	12.72%	[2],[3],[4]
Par Amount/Units	$ 7,871	[2],[4]
Amortized Cost	7,725	[1],[2],[4]
Fair Value	$ 7,678	[2],[4]
Investment, Identifier [Axis]: Knitwell Borrower LLC, 1
Schedule of Investments [Line Items]
Spread	8%	[2],[3],[4]	8%	[2],[3],[4]
Interest Rate	13.48%	[2],[3],[4]	13.48%	[2],[3],[4]
Par Amount/Units	$ 2,473	[2],[4]
Amortized Cost	2,415	[1],[2],[4]
Fair Value	$ 2,391	[2],[4]
Investment, Identifier [Axis]: Knitwell Borrower LLC, 2
Schedule of Investments [Line Items]
Spread	8%	[2],[3],[4]	8%	[2],[3],[4]
Par Amount/Units	$ 16,981	[2],[4]
Amortized Cost	16,410	[1],[2],[4]
Fair Value	$ 16,419	[2],[4]
Investment, Identifier [Axis]: Kowalski Trust
Schedule of Investments [Line Items]
Interest Rate	14%	[3],[4],[11]	14%	[3],[4],[11]
Par Amount/Units	$ 16,838	[4],[11]
Amortized Cost	16,505	[1],[4],[11]
Fair Value	$ 16,504	[4],[11]
Investment, Identifier [Axis]: LMI Inc,
Schedule of Investments [Line Items]
Spread	3.50%	[3],[6]	3.50%	[3],[6]
Interest Rate	8.94%	[3],[6]	8.94%	[3],[6]
Par Amount/Units	$ 3,990	[6]
Amortized Cost	3,941	[1],[6]
Fair Value	$ 3,873	[6]
Investment, Identifier [Axis]: Lakeland Tours LLC, 1
Schedule of Investments [Line Items]
Spread	7.75%	[3],[4],[12]	7.75%	[3],[4],[12]
Interest Rate	13.24%	[3],[4],[12]	13.24%	[3],[4],[12]
Par Amount/Units	$ 3,897	[4],[12]
Amortized Cost	3,732	[1],[4],[12]
Fair Value	$ 3,790	[4],[12]
Investment, Identifier [Axis]: Lakeland Tours LLC, 2
Schedule of Investments [Line Items]
Spread	7.75%	[3],[4],[8],[12]	7.75%	[3],[4],[8],[12]
Interest Rate	13.22%	[3],[4],[8],[12]	13.22%	[3],[4],[8],[12]
Par Amount/Units	$ 1,126	[4],[8],[12]
Amortized Cost	994	[1],[4],[8],[12]
Fair Value	$ 1,006	[4],[8],[12]
Investment, Identifier [Axis]: Lakeland Tours LLC, 3
Schedule of Investments [Line Items]
Spread	7.75%	[3],[4],[12]	7.75%	[3],[4],[12]
Interest Rate	13.24%	[3],[4],[12]	13.24%	[3],[4],[12]
Par Amount/Units	$ 3,035	[4],[12]
Amortized Cost	2,907	[1],[4],[12]
Fair Value	$ 2,951	[4],[12]
Investment, Identifier [Axis]: Lasko Operation Holdings, LLC (4)(10)
Schedule of Investments [Line Items]
Spread	8%	[2],[3],[4]	8%	[2],[3],[4]
Interest Rate, PIK	1.50%	[2],[3],[4]	1.50%	[2],[3],[4]
Interest Rate	13.48%	[2],[3],[4]	13.48%	[2],[3],[4]
Par Amount/Units	$ 2,436	[2],[4]
Amortized Cost	2,402	[1],[2],[4]
Fair Value	$ 2,319	[2],[4]
Investment, Identifier [Axis]: Lummus Technology Holdings V LLC,
Schedule of Investments [Line Items]
Spread	3.50%	[3],[9],[10]	3.50%	[3],[9],[10]
Interest Rate	8.96%	[3],[9],[10]	8.96%	[3],[9],[10]
Par Amount/Units	$ 7,481	[9],[10]
Amortized Cost	7,537	[1],[9],[10]
Fair Value	7,519	[9],[10]
Investment, Identifier [Axis]: MBS Services Holdings, LLC, 4
Schedule of Investments [Line Items]
Par Amount/Units	110	[2],[4],[8]
Amortized Cost	(1)	[1],[2],[4],[8]
Fair Value	$ 0	[2],[4],[8]
Investment, Identifier [Axis]: MBS Services Holdings, LLC, 1
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4]	6.75%	[2],[3],[4]
Interest Rate, PIK	0.75%	[2],[3],[4]	0.75%	[2],[3],[4]
Interest Rate	12.23%	[2],[3],[4]	12.23%	[2],[3],[4]
Par Amount/Units	$ 3,924	[2],[4]
Amortized Cost	3,893	[1],[2],[4]
Fair Value	$ 3,922	[2],[4]
Investment, Identifier [Axis]: MBS Services Holdings, LLC, 2
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4]	6.75%	[2],[3],[4]
Interest Rate, PIK	0.75%	[2],[3],[4]	0.75%	[2],[3],[4]
Interest Rate	12.23%	[2],[3],[4]	12.23%	[2],[3],[4]
Par Amount/Units	$ 1,018	[2],[4]
Amortized Cost	1,010	[1],[2],[4]
Fair Value	$ 1,018	[2],[4]
Investment, Identifier [Axis]: MBS Services Holdings, LLC, 3
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4]	6.75%	[2],[3],[4]
Interest Rate, PIK	0.75%	[2],[3],[4]	0.75%	[2],[3],[4]
Interest Rate	12.22%	[2],[3],[4]	12.22%	[2],[3],[4]
Par Amount/Units	$ 1,534	[2],[4]
Amortized Cost	1,522	[1],[2],[4]
Fair Value	$ 1,533	[2],[4]
Investment, Identifier [Axis]: Mood Media Borrower, LLC, 1
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4]	6.75%	[2],[3],[4]
Interest Rate	12.23%	[2],[3],[4]	12.23%	[2],[3],[4]
Par Amount/Units	$ 20,095	[2],[4]
Amortized Cost	20,050	[1],[2],[4]
Fair Value	$ 20,095	[2],[4]
Investment, Identifier [Axis]: Mood Media Borrower, LLC, 2
Schedule of Investments [Line Items]
Spread	6.75%	[2],[3],[4]	6.75%	[2],[3],[4]
Interest Rate	12.23%	[2],[3],[4]	12.23%	[2],[3],[4]
Par Amount/Units	$ 703	[2],[4]
Amortized Cost	703	[1],[2],[4]
Fair Value	703	[2],[4]
Investment, Identifier [Axis]: Mood Media Borrower, LLC, 3
Schedule of Investments [Line Items]
Par Amount/Units	1,761	[2],[4],[8]
Amortized Cost	(4)	[1],[2],[4],[8]
Fair Value	$ 0	[2],[4],[8]
Investment, Identifier [Axis]: New Era Technology, Inc., 1
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4]	6.25%	[2],[3],[4]
Interest Rate	11.73%	[2],[3],[4]	11.73%	[2],[3],[4]
Par Amount/Units	$ 2,556	[2],[4]
Amortized Cost	2,502	[1],[2],[4]
Fair Value	$ 2,529	[2],[4]
Investment, Identifier [Axis]: New Era Technology, Inc., 2
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4]	6.25%	[2],[3],[4]
Interest Rate	11.73%	[2],[3],[4]	11.73%	[2],[3],[4]
Par Amount/Units	$ 4,175	[2],[4]
Amortized Cost	4,087	[1],[2],[4]
Fair Value	$ 4,130	[2],[4]
Investment, Identifier [Axis]: New Era Technology, Inc., 3
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4]	6.25%	[2],[3],[4]
Interest Rate	11.73%	[2],[3],[4]	11.73%	[2],[3],[4]
Par Amount/Units	$ 4,277	[2],[4]
Amortized Cost	4,187	[1],[2],[4]
Fair Value	$ 4,231	[2],[4]
Investment, Identifier [Axis]: PCX Holding Corp 1
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4]	6.25%	[2],[3],[4]
Interest Rate	11.73%	[2],[3],[4]	11.73%	[2],[3],[4]
Par Amount/Units	$ 1,130	[2],[4]
Amortized Cost	1,085	[1],[2],[4]
Fair Value	$ 1,085	[2],[4]
Investment, Identifier [Axis]: PCX Holding Corp.,2
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4]	6.25%	[2],[3],[4]
Interest Rate	11.75%	[2],[3],[4]	11.75%	[2],[3],[4]
Par Amount/Units	$ 1,181	[2],[4]
Amortized Cost	1,134	[1],[2],[4]
Fair Value	$ 1,135	[2],[4]
Investment, Identifier [Axis]: PCX Holding Corp.,3
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4]	6.25%	[2],[3],[4]
Interest Rate	11.73%	[2],[3],[4]	11.73%	[2],[3],[4]
Par Amount/Units	$ 2,251	[2],[4]
Amortized Cost	2,161	[1],[2],[4]
Fair Value	$ 2,163	[2],[4]
Investment, Identifier [Axis]: PEX Holdings LLC, 1
Schedule of Investments [Line Items]
Spread	5.25%	[2],[3],[4],[8]	5.25%	[2],[3],[4],[8]
Interest Rate	10.48%	[2],[3],[4],[8]	10.48%	[2],[3],[4],[8]
Par Amount/Units	$ 628	[2],[4],[8]
Amortized Cost	523	[1],[2],[4],[8]
Fair Value	$ 523	[2],[4],[8]
Investment, Identifier [Axis]: PEX Holdings LLC, 2
Schedule of Investments [Line Items]
Spread	5.25%	[2],[3],[4]	5.25%	[2],[3],[4]
Interest Rate	10.60%	[2],[3],[4]	10.60%	[2],[3],[4]
Par Amount/Units	$ 6,885	[2],[4]
Amortized Cost	6,895	[1],[2],[4]
Fair Value	6,859	[2],[4]
Investment, Identifier [Axis]: Patriot Acquisition Topco S.À R.L. 3
Schedule of Investments [Line Items]
Par Amount/Units	78	[2],[4],[8],[11]
Amortized Cost	(1)	[1],[2],[4],[8],[11]
Fair Value	0	[2],[4],[8],[11]
Investment, Identifier [Axis]: Patriot Acquisition Topco S.À R.L., 1
Schedule of Investments [Line Items]
Par Amount/Units	61	[2],[4],[8],[11]
Amortized Cost	(1)	[1],[2],[4],[8],[11]
Fair Value	$ 1	[2],[4],[8],[11]
Investment, Identifier [Axis]: Patriot Acquisition Topco S.À R.L., 2
Schedule of Investments [Line Items]
Spread	5.25%	[2],[3],[4],[11]	5.25%	[2],[3],[4],[11]
Interest Rate	10.73%	[2],[3],[4],[11]	10.73%	[2],[3],[4],[11]
Par Amount/Units	$ 522	[2],[4],[11]
Amortized Cost	521	[1],[2],[4],[11]
Fair Value	$ 527	[2],[4],[11]
Investment, Identifier [Axis]: Patriot Acquisition Topco S.À R.L., 4
Schedule of Investments [Line Items]
Spread	5.25%	[2],[3],[4],[11]	5.25%	[2],[3],[4],[11]
Interest Rate	10.73%	[2],[3],[4],[11]	10.73%	[2],[3],[4],[11]
Par Amount/Units	$ 337	[2],[4],[11]
Amortized Cost	336	[1],[2],[4],[11]
Fair Value	$ 340	[2],[4],[11]
Investment, Identifier [Axis]: Petsmart LLC,
Schedule of Investments [Line Items]
Spread	3.75%	[3],[10],[12]	3.75%	[3],[10],[12]
Interest Rate	9.19%	[3],[10],[12]	9.19%	[3],[10],[12]
Par Amount/Units	$ 10,000	[10],[12]
Amortized Cost	10,022	[1],[10],[12]
Fair Value	$ 9,983	[10],[12]
Investment, Identifier [Axis]: Powerhouse Intermediate, LLC 1
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4],[8]	6.25%	[2],[3],[4],[8]
Interest Rate	11.85%	[2],[3],[4],[8]	11.85%	[2],[3],[4],[8]
Par Amount/Units	$ 819	[2],[4],[8]
Amortized Cost	471	[1],[2],[4],[8]
Fair Value	$ 475	[2],[4],[8]
Investment, Identifier [Axis]: Powerhouse Intermediate, LLC 2
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4]	6.25%	[2],[3],[4]
Interest Rate	11.85%	[2],[3],[4]	11.85%	[2],[3],[4]
Par Amount/Units	$ 2,002	[2],[4]
Amortized Cost	1,990	[1],[2],[4]
Fair Value	$ 2,013	[2],[4]
Investment, Identifier [Axis]: Ribbon Communications Operating Company, Inc, 1
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4],[11]	6.25%	[2],[3],[4],[11]
Interest Rate	11.59%	[2],[3],[4],[11]	11.59%	[2],[3],[4],[11]
Par Amount/Units	$ 7,501	[2],[4],[11]
Amortized Cost	7,352	[1],[2],[4],[11]
Fair Value	7,352	[2],[4],[11]
Investment, Identifier [Axis]: Ribbon Communications Operating Company, Inc, 2
Schedule of Investments [Line Items]
Par Amount/Units	849	[2],[4],[11]
Amortized Cost	(17)	[1],[2],[4],[11]
Fair Value	$ (17)	[2],[4],[11]
Investment, Identifier [Axis]: Showtime Acquisition, L.L.C., 2
Schedule of Investments [Line Items]
Spread	6.50%	[2],[3],[4]	6.50%	[2],[3],[4]
Interest Rate	11.93%	[2],[3],[4]	11.93%	[2],[3],[4]
Par Amount/Units	$ 3,520	[2],[4]
Amortized Cost	3,465	[1],[2],[4]
Fair Value	$ 3,520	[2],[4]
Investment, Identifier [Axis]: Showtime Acquisition, L.L.C., 3
Schedule of Investments [Line Items]
Spread	6.50%	[2],[3],[4]	6.50%	[2],[3],[4]
Interest Rate	11.93%	[2],[3],[4]	11.93%	[2],[3],[4]
Par Amount/Units	$ 203	[2],[4]
Amortized Cost	200	[1],[2],[4]
Fair Value	203	[2],[4]
Investment, Identifier [Axis]: Showtime Acquisition, L.L.C., 4
Schedule of Investments [Line Items]
Par Amount/Units	262	[4],[8],[13]
Amortized Cost	(4)	[1],[4],[8],[13]
Fair Value	$ 0	[4],[8],[13]
Investment, Identifier [Axis]: Showtime Acquisition, L.L.C.,1
Schedule of Investments [Line Items]
Spread	6.25%	[2],[3],[4]	6.25%	[2],[3],[4]
Interest Rate	11.68%	[2],[3],[4]	11.68%	[2],[3],[4]
Par Amount/Units	$ 11,929	[2],[4]
Amortized Cost	11,709	[1],[2],[4]
Fair Value	$ 11,929	[2],[4]
Investment, Identifier [Axis]: Soliant Lower Intermediate LLC
Schedule of Investments [Line Items]
Spread	3.75%	[3],[9],[10]	3.75%	[3],[9],[10]
Interest Rate	9.08%	[3],[9],[10]	9.08%	[3],[9],[10]
Par Amount/Units	$ 2,750	[9],[10]
Amortized Cost	2,722	[1],[9],[10]
Fair Value	$ 2,750	[9],[10]
Investment, Identifier [Axis]: Staples, Inc.,
Schedule of Investments [Line Items]
Spread	5.75%	[3],[9]	5.75%	[3],[9]
Interest Rate	11.08%	[3],[9]	11.08%	[3],[9]
Par Amount/Units	$ 11,639	[9]
Amortized Cost	11,141	[1],[9]
Fair Value	$ 10,705	[9]
Investment, Identifier [Axis]: Syneos Health Inc,
Schedule of Investments [Line Items]
Spread	3.75%	[3],[9],[10]	3.75%	[3],[9],[10]
Interest Rate	9.08%	[3],[9],[10]	9.08%	[3],[9],[10]
Par Amount/Units	$ 4,988	[9],[10]
Amortized Cost	4,998	[1],[9],[10]
Fair Value	$ 4,989	[9],[10]
Investment, Identifier [Axis]: TMC Buyer Inc,
Schedule of Investments [Line Items]
Spread	6%	[3],[6]	6%	[3],[6]
Interest Rate	11.33%	[3],[6]	11.33%	[3],[6]
Par Amount/Units	$ 3,878	[6]
Amortized Cost	3,856	[1],[6]
Fair Value	$ 3,878	[6]
Investment, Identifier [Axis]: TPG VIII Merlin New Holdings I, L.P.
Schedule of Investments [Line Items]
Spread	6.50%	[2],[3],[4],[11]	6.50%	[2],[3],[4],[11]
Interest Rate	11.83%	[2],[3],[4],[11]	11.83%	[2],[3],[4],[11]
Par Amount/Units	$ 20,000	[2],[4],[11]
Amortized Cost	19,640	[1],[2],[4],[11]
Fair Value	$ 19,786	[2],[4],[11]
Investment, Identifier [Axis]: Tenneco Inc
Schedule of Investments [Line Items]
Spread	4.75%	[3],[6],[10]	4.75%	[3],[6],[10]
Interest Rate	10.18%	[3],[6],[10]	10.18%	[3],[6],[10]
Par Amount/Units	$ 4,987	[6],[10]
Amortized Cost	4,900	[1],[6],[10]
Fair Value	$ 4,791	[6],[10]
Investment, Identifier [Axis]: The ONE Group Hospitality, Inc. - Preferred Shares
Schedule of Investments [Line Items]
Investment owned (in shares) | shares	1,000	[4]	1,000	[4]
Amortized Cost	$ 950	[1],[4]
Fair Value	$ 972	[4]
Investment, Identifier [Axis]: The ONE Group Hospitality, Inc. - Warrants 1
Schedule of Investments [Line Items]
Investment owned (in shares) | shares	7	[4]	7	[4]
Amortized Cost	$ 0	[1],[4]
Fair Value	$ 0	[4]
Investment, Identifier [Axis]: The ONE Group Hospitality, Inc. - Warrants 2
Schedule of Investments [Line Items]
Investment owned (in shares) | shares	12	[4]	12	[4]
Amortized Cost	$ 0	[1],[4]
Fair Value	0	[4]
Investment, Identifier [Axis]: The One Group, LLC, 2
Schedule of Investments [Line Items]
Par Amount/Units	887	[4],[8],[9]
Amortized Cost	(26)	[1],[4],[8],[9]
Fair Value	$ (26)	[4],[8],[9]
Investment, Identifier [Axis]: The One Group, LLC, 1
Schedule of Investments [Line Items]
Spread	6.50%	[2],[3],[4]	6.50%	[2],[3],[4]
Interest Rate	11.83%	[2],[3],[4]	11.83%	[2],[3],[4]
Par Amount/Units	$ 6,789	[2],[4]
Amortized Cost	6,592	[1],[2],[4]
Fair Value	$ 6,592	[2],[4]
Investment, Identifier [Axis]: The Pasha Group,
Schedule of Investments [Line Items]
Spread	7.25%	[2],[3],[4]	7.25%	[2],[3],[4]
Interest Rate	12.73%	[2],[3],[4]	12.73%	[2],[3],[4]
Par Amount/Units	$ 18,450	[2],[4]
Amortized Cost	18,123	[1],[2],[4]
Fair Value	$ 18,227	[2],[4]
Investment, Identifier [Axis]: Time Manufacturing Holdings, LLC,
Schedule of Investments [Line Items]
Spread	6.50%	[3],[4],[12]	6.50%	[3],[4],[12]
Interest Rate	12%	[3],[4],[12]	12%	[3],[4],[12]
Par Amount/Units	$ 2,576	[4],[12]
Amortized Cost	2,465	[1],[4],[12]
Fair Value	$ 2,500	[4],[12]
Investment, Identifier [Axis]: Travel Leaders Group, LLC,
Schedule of Investments [Line Items]
Spread	8.50%	[3],[4],[13]	8.50%	[3],[4],[13]
Interest Rate, PIK	3%	[3],[4],[13]	3%	[3],[4],[13]
Interest Rate	13.98%	[3],[4],[13]	13.98%	[3],[4],[13]
Par Amount/Units	$ 3,615	[4],[13]
Amortized Cost	3,682	[1],[4],[13]
Fair Value	$ 3,745	[4],[13]
Investment, Identifier [Axis]: Travelex Issuerco 2 PLC,
Schedule of Investments [Line Items]
Spread	8%	[3],[4],[11],[13]	8%	[3],[4],[11],[13]
Interest Rate	13.21%	[3],[4],[11],[13]	13.21%	[3],[4],[11],[13]
Par Amount/Units | €			€ 1,770	[4],[11],[13]
Amortized Cost	$ 2,093	[1],[4],[11],[13]
Fair Value	$ 2,241	[4],[11],[13]
Investment, Identifier [Axis]: TruckPro, LLC,
Schedule of Investments [Line Items]
Spread	7.75%	[3],[4],[5]	7.75%	[3],[4],[5]
Interest Rate	13.23%	[3],[4],[5]	13.23%	[3],[4],[5]
Par Amount/Units	$ 3,509	[4],[5]
Amortized Cost	3,454	[1],[4],[5]
Fair Value	$ 3,350	[4],[5]
Investment, Identifier [Axis]: W3 TopCo LLC,
Schedule of Investments [Line Items]
Spread	6.50%	[2],[3],[4]	6.50%	[2],[3],[4]
Interest Rate	11.83%	[2],[3],[4]	11.83%	[2],[3],[4]
Par Amount/Units	$ 13,800	[2],[4]
Amortized Cost	13,278	[1],[2],[4]
Fair Value	$ 13,433	[2],[4]
Investment, Identifier [Axis]: WP CPP Holdings, LLC,
Schedule of Investments [Line Items]
Spread	7.50%	[2],[3],[4]	7.50%	[2],[3],[4]
Interest Rate, PIK	4.13%	[2],[3],[4]	4.13%	[2],[3],[4]
Interest Rate	12.85%	[2],[3],[4]	12.85%	[2],[3],[4]
Par Amount/Units	$ 39,781	[2],[4]
Amortized Cost	38,908	[1],[2],[4]
Fair Value	39,440	[2],[4]
Investment, Identifier [Axis]: WorkWave Intermediate II, LLC,
Schedule of Investments [Line Items]
Par Amount/Units	10,847	[4],[8],[12]
Amortized Cost	(156)	[1],[4],[8],[12]
Fair Value	$ (62)	[4],[8],[12]
[1]The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").[2]The interest rate floor on these investments as of June 30, 2024 was 1.00%[3]The majority of the investments bear interest at a rate that may be determined by reference to the Prime Rate (“Prime” or “P”), Sterling Overnight Index Average ("SONIA" or "SN"), Euro Interbank Offer Rate (“Euribor” or “E”), Secured Overnight Financing Rate ("SOFR" or "SF"), Canadian Dollar Offered Rate ("CDOR" or "C"), Singapore Overnight Rate Average (“SORA”), Bloomberg Short Term Bank Yield Index (“BS”), or Bank Bill Swap Rate ("BBSW" or "B") which reset daily, monthly, quarterly, semiannually or annually. For each such investment, the Company has provided the spread over Prime, SONIA, E, SOFR, CDOR, SORA, BS or BBSW and the current contractual interest rate in effect at June 30, 2024 . Certain investments are subject to a Prime, or SOFR interest rate floor, or rate cap. Certain investments contain a Payment-in-Kind (“PIK”) provision. SOFR based contracts may include a credit spread adjustment, which is included within the stated all-in interest rate, if applicable, that is charged in addition to the base rate and the stated spread. Investments-non-controlled/non-affiliated Commitment Type Unfunded Commitment Fair Value WorkWave Intermediate II, LLC 1st Lien Senior Secured Delayed Draw Loan $ 10,847 $ (62) Mood Media Borrower, LLC 1st Lien Senior Secured Revolving Loan 1,761 — CC WDW Borrower, Inc. 1st Lien Senior Secured Delayed Draw Loan 1,631 (113) The One Group, LLC 1st Lien Senior Secured Revolving Loan 887 (26) Ribbon Communications Operating Company, Inc 1st Lien Senior Secured Revolving Loan 849 (17) Powerhouse Intermediate, LLC 1st Lien Senior Secured Revolving Loan 344 — Showtime Acquisition, L.L.C. 1st Lien Senior Secured Revolving Loan 262 — American Academy Holdings, LLC 1st Lien Senior Secured Revolving Loan 160 — MBS Services Holdings, LLC 1st Lien Senior Secured Revolving Loan 110 — PEX Holdings LLC 1st Lien Senior Secured Revolving Loan 105 — Lakeland Tours LLC 1st Lien Senior Secured Revolving Loan 94 (2) Patriot Acquisition Topco S.À R.L. 1st Lien Senior Secured Revolving Loan 78 — Patriot Acquisition Topco S.À R.L. 1st Lien Senior Secured Delayed Draw Loan 61 1 Total $ 17,189 $ (219)

Schedule of Investments (Parent

Schedule of Investments (Parenthetical)	Jun. 30, 2024
Schedule of Investments [Line Items]
Non-qualifying asset, percentage of total assets	20.20%
Qualifying asset, percentage of total assets	70%
Interest rate floor one
Schedule of Investments [Line Items]
Interest rate floor	0.50%
Interest rate floor two
Schedule of Investments [Line Items]
Interest rate floor	0.75%
Interest rate floor three
Schedule of Investments [Line Items]
Interest rate floor	1%
Interest rate floor four
Schedule of Investments [Line Items]
Interest rate floor	1.50%
Interest rate floor five
Schedule of Investments [Line Items]
Interest rate floor	2%
Interest rate floor six
Schedule of Investments [Line Items]
Interest rate floor	3.25%

Schedule of Investments (Foreig

Schedule of Investments (Foreign Currency Forward Contracts) - Jun. 30, 2024 € in Thousands, £ in Thousands, $ in Thousands	USD ($)	EUR (€)	GBP (£)
Currency Sold	$ 53,760
Unrealized Appreciation (Depreciation)	576
Open Forward Foreign Currency Contract, Identifier [Axis]: SMBC Capital Markets, Inc., December 23, 2024
Currency Purchased	9,842
Currency Sold | £			£ 7,770
Unrealized Appreciation (Depreciation)	7
Open Forward Foreign Currency Contract, Identifier [Axis]: SMBC Capital Markets, Inc., December 23, 2024 - 2
Currency Purchased	2,583
Currency Sold | €		€ 2,390
Unrealized Appreciation (Depreciation)	1
Open Forward Foreign Currency Contract, Identifier [Axis]: SMBC Capital Markets, Inc., December 23, 2024 - 3
Currency Purchased	218
Currency Sold | £			170
Unrealized Appreciation (Depreciation)	3
Open Forward Foreign Currency Contract, Identifier [Axis]: SMBC Capital Markets, Inc., March 21, 2025
Currency Purchased	2,373
Currency Sold | £			£ 1,873
Unrealized Appreciation (Depreciation)	1
Open Forward Foreign Currency Contract, Identifier [Axis]: SMBC Capital Markets, Inc., September 23, 2025
Currency Purchased	38,745
Currency Sold | €		€ 34,893
Unrealized Appreciation (Depreciation)	$ 564

Schedule of Investments (Unfund

Schedule of Investments (Unfunded Commitments) $ in Thousands	Jun. 30, 2024 USD ($)
Schedule of Investments [Line Items]
Unfunded Commitment	$ 17,189
Fair Value	(219)
Investment, Identifier [Axis]: American Academy Holdings, LLC, 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	160
Fair Value	0
Investment, Identifier [Axis]: CC WDW Borrower, Inc., 1st Lien Senior Secured Delayed Draw Loan
Schedule of Investments [Line Items]
Unfunded Commitment	1,631
Fair Value	(113)
Investment, Identifier [Axis]: Lakeland Tours LLC, 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	94
Fair Value	(2)
Investment, Identifier [Axis]: MBS Services Holdings, LLC, 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	110
Fair Value	0
Investment, Identifier [Axis]: Mood Media Borrower, LLC, 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	1,761
Fair Value	0
Investment, Identifier [Axis]: PEX Holdings LLC, 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	105
Fair Value	0
Investment, Identifier [Axis]: Patriot Acquisition Topco S.À R.L., 1st Lien Senior Secured Delayed Draw Loan
Schedule of Investments [Line Items]
Unfunded Commitment	61
Fair Value	1
Investment, Identifier [Axis]: Patriot Acquisition Topco S.À R.L., 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	78
Fair Value	0
Investment, Identifier [Axis]: Powerhouse Intermediate, LLC, 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	344
Fair Value	0
Investment, Identifier [Axis]: Ribbon Communications Operating Company, Inc, 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	849
Fair Value	(17)
Investment, Identifier [Axis]: Showtime Acquisition, L.L.C., 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	262
Fair Value	0
Investment, Identifier [Axis]: The One Group, LLC, 1st Lien Senior Secured Revolving Loan
Schedule of Investments [Line Items]
Unfunded Commitment	887
Fair Value	(26)
Investment, Identifier [Axis]: WorkWave Intermediate II, LLC, 1st Lien Senior Secured Delayed Draw Loan
Schedule of Investments [Line Items]
Unfunded Commitment	10,847
Fair Value	$ (62)

Organization

Organization	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization HPS Corporate Capital Solutions Fund (the “Company”) is a Delaware statutory trust formed on August 10, 2023. The Company is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). In addition, for U.S. federal income tax purposes, the Company intends to elect to be treated and intends to qualify each taxable year thereafter as a registered investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), beginning with the Company’s fiscal year ending December 31, 2024. The Company is managed by HPS Advisors, LLC (the “Adviser”), a wholly-owned subsidiary of HPS Investment Partners, LLC (“HPS” or the “Administrator”). The Company’s investment objective is to produce attractive, risk-adjusted returns in the form of current income and long-term capital appreciation by investing primarily in newly originated, privately negotiated senior secured debt and, to a lesser extent, junior capital of upper middle market and larger scale companies predominantly in the U.S. “Upper middle market” generally refers to companies with earnings before interest expense, income tax expense, depreciation and amortization (“EBITDA”) of $75 million to $1 billion annually or revenue of $250 million to $5 billion annually at the time of the Company’s investment. The Company may from time to time invest in smaller or larger companies if the opportunity presents attractive investment characteristics and risk-adjusted returns. While the Company’s investment strategy primarily focuses on companies in the United States, the Company also intends to leverage HPS’s global presence to invest in companies in Europe, Australia and other locations outside the U.S., subject to compliance with BDC requirements to invest at least 70% of assets in “eligible portfolio companies.” The Company’s investment strategy also includes a smaller allocation to more liquid credit investments such as broadly syndicated loans and corporate bonds. The Company intends to use these investments to maintain liquidity for the Company’s share repurchase program and to manage cash before investing subscriptions into directly originated, privately negotiated loans, while seeking attractive risk-adjusted investment returns. The Company also may invest in publicly traded debt securities of larger corporate issuers on an opportunistic basis when market conditions create compelling potential return opportunities, subject to compliance with BDC requirements to invest at least 70% of assets in “eligible portfolio companies.” Subscriptions to purchase the Company’s Common Shares may be made on an ongoing basis, but investors currently may only purchase the Company’s Common Shares pursuant to accepted subscription orders as of the first business day of each month. The Company, in its sole discretion, may determine to accept subscriptions on a less frequent basis than monthly (the “Subscription Frequency”). The purchase price for the Common Shares in the Initial Closing was $25.00 per share. Thereafter, the purchase price per share equals the NAV per share, as of the last calendar day of the month immediately prior to the effective date of the share purchase (“Valuation Date”) . HPS Securities, LLC (the “Managing Dealer”), and the participating brokers will use their best efforts to sell shares, but are not obligated to purchase or sell any specific amount of shares. The Managing Dealer intends to enter into additional placement agreements with broker-dealers in connection with the private offering of the Company’s Common Shares (the “Private Offering”). On April 8, 2024 (the “Initial Closing”), the Company issued unregistered Common Shares in the Company, par value $0.01, to certain accredited investors in the Initial Closing of its Private Offering. The terms of the Private Offering required the Company to deposit all subscription proceeds in an escrow account with the Bank of New York Mellon, as escrow agent, until (i) the Company received subscriptions of at least $200.0 million; and (ii) the Company’s Board authorized the release of funds in the escrow account. On April 8, 2024, the Company’s Board authorized the release from escrow of the subscription proceeds of approximately $220.7 million and the Company issued and sold 8,827,880 shares to such accredited investors. The offer and sale of the Common Shares was exempt from the registration provisions of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act, Regulation D thereunder, and/or Regulation S thereunder.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of Presentation The interim financial statements have been prepared in accordance with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 6 of Regulation S-X. Accordingly, certain disclosures accompanying the annual financial statements prepared in accordance with U.S. GAAP are omitted. In the opinion of management, all adjustments considered necessary for the fair statement of the financial statements for the interim periods presented have been included. All intercompany balances and transactions have been eliminated. The current period’s results of operations will not necessarily be indicative of results that ultimately may be achieved for the fiscal year ending December 31, 2024. As an investment company, the Company applies the accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies (“ASC 946”) issued by the Financial Accounting Standards Board (“FASB”). Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual amounts could differ from those estimates and such differences could be material. Cash and Cash Equivalents Cash and cash equivalents consist of demand deposits and highly liquid investments, such as money market funds, with original maturities of three months or less. Cash and cash equivalents are carried at cost, which approximates fair value. The Company deposits its cash and cash equivalents with financial institutions and, at times, may exceed the Federal Deposit Insurance Corporation insured limit. Investments Investment transactions are recorded on the trade date. Realized gains or losses on investment transactions are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. The Company is required to report its investments for which current market values are not readily available at fair value. The Company values its investments in accordance with ASC 820, Fair Value Measurement (“ASC 820”), which defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the applicable measurement date. ASC 820 prioritizes the use of observable market prices derived from such prices over entity-specific inputs. Due to the inherent uncertainties of valuation, certain estimated fair values may differ significantly from the values that would have been realized had a ready market for these investments existed, and these differences could be material. Investments that are listed or traded on an exchange and are freely transferable are valued at either the closing price (in the case of securities and futures) or the mean of the closing bid and offer (in the case of options) on the principal exchange on which the investment is listed or traded. Investments for which other market quotations are readily available will typically be valued at those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Where it is possible to obtain reliable, independent market quotations from a third party vendor, the Company uses these quotations to determine the value of its investments. The Company utilizes mid-market pricing (i.e., mid-point of average bid and ask prices) to value these investments. The Adviser obtains these market quotations from independent pricing services, if available; otherwise from one or more broker quotes. To assess the continuing appropriateness of pricing sources and methodologies, the Adviser regularly performs price verification procedures and issues challenges as necessary to independent pricing services or brokers, and any differences are reviewed in accordance with the valuation procedures. The Adviser does not adjust the prices unless it has a reason to believe market quotations are not reflective of the fair value of an investment. Where prices or inputs are not available or, in the judgment of the Adviser, not reliable, valuation approaches based on the facts and circumstances of the particular investment will be utilized. Securities that are not publicly traded or for which market prices are not readily available, as will be the case for a substantial portion of the Company’s investments, are valued at fair value as determined in good faith by the Adviser as the Company’s valuation designee under Rule 2a-5 under the 1940 Act, pursuant to the Company’s valuation policy, and under the oversight of the Board, based on, among other things, the input of one or more independent valuation firms retained by the Company to review the Company’s investments. These valuation approaches involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the investments or market and the investments’ complexity. With respect to the quarterly valuation of investments, the Company undertakes a multi-step valuation process each quarter in connection with determining the fair value of the Company’s investments for which reliable market quotations are not readily available as of the last calendar day of each quarter, which includes, among other procedures, the following: • The valuation process begins with each investment being preliminarily valued by the Adviser’s valuation team in consultation with the Adviser’s investment professionals responsible for each portfolio investment; • In addition, independent valuation firms retained by the Company prepare quarter-end valuations of each such investment that was (i) originated or purchased prior to the first calendar day of the quarter and (ii) is not a de minimis investment, as determined by the Adviser. The independent valuation firms provide a final range of values on such investments to the Adviser. The independent valuation firms also provide analyses to support their valuation methodology and calculations; • The Adviser’s valuation committee with respect to the Company (the “Valuation Committee”) reviews the valuation recommendations prepared by the Adviser’s valuation team and, as appropriate, the independent valuation firms’ valuation ranges; • The Adviser’s Valuation Committee then determines fair value marks for each of the Company’s portfolio investments; and • The Board and Audit Committee periodically review the valuation process and provide oversight in accordance with the requirements of Rule 2a-5 under the 1940 Act. As part of the valuation process, the Company takes into account relevant factors in determining the fair value of the Company’s investments for which reliable market quotations are not readily available, many of which are loans, including and in combination, as relevant: (i) the estimated enterprise value of a portfolio company, generally based on an analysis of discounted cash flows, publicly traded comparable companies and comparable transactions, (ii) the nature and realizable value of any collateral, (iii) the portfolio company’s ability to make payments based on its earnings and cash flow, (iv) the markets in which the portfolio company does business, and (v) overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase transaction, public offering or subsequent equity or debt sale occurs, the Adviser considers whether the pricing indicated by the external event corroborates its valuation. The Company has and will continue to engage independent valuation firms to provide assistance regarding the determination of the fair value of the Company’s portfolio securities for which market quotations are not readily available or are readily available but deemed not reflective of the fair value of the investment each quarter, and the Adviser and the Company may reasonably rely on that assistance. However, the Adviser is responsible for the ultimate valuation of the portfolio investments at fair value as determined in good faith pursuant to the Company’s valuation policy, the Board’s oversight and a consistently applied valuation process. Derivative Instruments The Company may enter into foreign currency forward contracts to reduce the Company’s exposure to foreign currency exchange rate fluctuations in the value of foreign currencies. In a foreign currency forward contract, the Company agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. Foreign currency forward contracts are marked-to-market at the applicable forward rate. Unrealized appreciation (depreciation) on foreign currency forward contracts are recorded on the Statements of Assets and Liabilities by counterparty on a net basis, not taking into account collateral posted which is recorded separately, if applicable. Notional amounts of foreign currency forward contract assets and liabilities are presented separately on the Schedule of Investments. Purchases and settlements of foreign currency forward contracts having the same settlement date and counterparty are generally settled net and any realized gains or losses are recognized on the settlement date. As it relates to foreign currency forward contracts, the Company does not utilize hedge accounting and as such, the Company recognizes its derivatives at fair value with changes in the net unrealized appreciation (depreciation) on foreign currency forward contracts recorded on the Statements of Operations. Loan Participations The Company follows the guidance in ASC 860 Transfers and Servicing when accounting for loan participations and other partial loan sales. Such guidance requires a participation or other partial loan sale to meet the definition of a “participating interest,” as defined in the guidance, in order for sale treatment to be allowed. Participations or other partial loan sales that do not meet the definition of a participating interest remain on the Statements of Assets and Liabilities and the proceeds are recorded as a secured borrowing until the definition is met. Secured borrowings are carried at fair value to correspond with the related investments, which are carried at fair value. There were no participations that were accounted for as secured borrowings during the period. Foreign Currency Transactions Amounts denominated in foreign currencies are translated into U.S. dollars on the following basis: (i) investments and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates effective on the last business day of the period; and (ii) purchases and sales of investments, borrowings and repayments of such borrowings, income, and expenses denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. The Company does not isolate the portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included within the net realized and unrealized gains or losses on investments. Fluctuations arising from the translation of non-investment assets and liabilities are included with the net change in unrealized gains (losses) on foreign currency translations on the Statements of Operations. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities. Revenue Recognition Interest Income Interest income is recorded on an accrual basis and includes the accretion of discounts and amortizations of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. For the three and six months ended June 30, 2024, the Company recorded non-recurring interest income of $0.4 million (e.g. prepayment premiums, accelerated accretion of upfront loan origination fees and unamortized discounts). Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in 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. As of June 30, 2024, th e Company had no investments on non-accrual status. PIK Income The Company has loans in its portfolio that contain payment-in-kind (“PIK”) provisions. PIK represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. Such income is included in interest income in the Statements of Operations. If at any point the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through interest income. To maintain the Company’s status as a RIC, this non-cash source of income must be paid out to shareholders in the form of dividends, even though the Company has not yet collected cash. Dividend Income Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. To the extent a preferred equity security contains PIK provisions, PIK dividends, computed at the contractual rate specified in each applicable agreement, are accrued and recorded as dividend income and added to the principal balance of the preferred equity security. PIK dividends added to the principal balance are generally collected upon redemption of the equity. For the three and six months ended June 30, 2024, the Company did not record any dividend income. Other Income The Company may receive various fees in the ordinary course of business such as structuring, consent, waiver, amendment, syndication and other miscellaneous fees as well as fees for managerial assistance rendered by the Company to the portfolio companies. Such fees are recognized as income when earned or the services are rendered. Organization Expenses Organization expenses include, among other things, the cost of incorporating the Company and the cost of legal services and other fees pertaining to the Company's organization. Organization expenses are expensed as incurred. Offering Expenses The Company's offering expenses include, among other things, legal fees, registration fees and other costs pertaining to the preparation of the Company's registration statement (and any amendments or supplements thereto) relating to the offering and associated marketing materials. Offering costs are capitalized as a deferred charge and amortized to expense on a straight-line basis over a twelve-month period from incurrence. Deferred Financing Costs Deferred financing costs represent fees and other direct incremental costs incurred in connection with the Company’s borrowings. These expenses are deferred and amortized into interest expense over the life of the related debt instrument using the straight-line method. Deferred financing costs related to revolving credit facilities are presented separately as an asset on the Company’s Statements of Assets and Liabilities. Income Taxes The Company intends to elect to be treated and intends to qualify each taxable year thereafter as a RIC under the Code. So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Company would represent obligations of the Company’s shareholders and would not be reflected in the financial statements of the Company. 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. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90% of the sum of (i) its “investment company taxable income” for that year (without regard to the deduction for dividends paid), which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses and (ii) its net tax exempt income. The Company intends to make the requisite distributions to its shareholders, which will generally relieve the Company from corporate-level income taxes. In addition, pursuant to the excise tax distribution requirements, the Company is subject to a 4% nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one- year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to corporate income tax is considered to have been distributed. To the extent that it determines that estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such taxable income, the Company will accrue excise taxes, if any, on estimated undistributed taxable income. Distributions To the extent that the Company has taxable income available, the Company intends to make quarterly distributions to its shareholders. Distributions to shareholders are recorded on the record date. All distributions will be paid at the discretion of the Board and will depend on the Company’s earnings, financial condition, maintenance of the Company’s tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as the Board may deem relevant from time to time. The Company has adopted a distribution reinvestment plan pursuant to which shareholders will have their cash distributions automatically reinvested in additional shares of the Company's Common Shares unless they elect to receive their distributions in cash. Recent Accounting Pronouncements The Company considers the applicability and impact of all accounting standard updates (“ASUs”) issued by the Financial Accounting Standards Board. The Company has assessed currently issued ASUs and has determined that they are not applicable or are expected to have minimal impact on its financial statements. In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”),” which clarifies guidance for fair value measurement of an equity security subject to a contractual sale restriction and establishes new disclosure requirements for such equity securities. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023 and for interim periods within those fiscal years, with early adoption permitted. The Company has concluded that this guidance did not have a material impact on its financial statements.

Fees, Expenses, Agreements and

Fees, Expenses, Agreements and Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Fees, Expenses, Agreements and Related Party Transactions	Fees, Expenses, Agreements and Related Party Transactions Investment Advisory Agreement On January 9, 2024, the Company entered into an investment advisory agreement (the “Investment Advisory Agreement”) with the Adviser, pursuant to which the Adviser will manage the Company on a day-to-day basis. The Adviser is responsible for determining the portfolio composition, making investment decisions, monitoring investments, performing due diligence on prospective portfolio companies and providing the Company with such other investment advisory and related services as may reasonably be required for the investment of capital. Under the Investment Advisory Agreement, the Company pays the Adviser a fee for its services. The fee consists of two components: a management fee and an incentive fee. The cost of both the management fee and the incentive fee will ultimately be borne by the shareholders. Base Management Fee The management fee will be payable quarterly in arrears at an annual rate of 1.25% of the value of the Company’s net assets as of the beginning of the first calendar day of the applicable quarter, as adjusted for any share issuances or repurchases during the quarter that do not occur on the first calendar day of the quarter. For purposes of the Investment Advisory Agreement, net assets means the Company’s total assets less the carrying value of liabilities, determined in accordance with U.S. GAAP. The payment and calculation of the management fee will be pro-rated for any period of less than three months. For the first calendar quarter in which the Company had operations, net assets were measured as the beginning net assets as of the date on which the Company broke escrow for the Private Offering. The Adviser has agreed to waive its base management fee for the first six months following the Initial Closing. For the three and six months ended June 30, 2024, base management fees earned were $0.9 million, all of which were voluntarily waived by the Adviser. As of June 30, 2024, no amounts were payable to the Adviser related to management fees. Incentive Fees The Company will pay the Adviser an incentive fee. The incentive fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on a percentage of the Company’s income and a portion is based on a percentage of the Company’s capital gains, each as described below. Income based incentive fee The income based incentive fee will be based on the Company’s Pre-Incentive Fee Net Investment Income Returns, defined as: dividends, cash interest or other distributions or other cash income and any third-party fees received from portfolio companies (such as upfront fees, commitment fees, origination fee, amendment fees, ticking fees and break-up fees, as well as prepayments premiums, but excluding fees for providing managerial assistance) accrued during the quarter, minus Operating Expenses (as defined below) for the quarter (including the management fee, taxes, any expenses payable under the Investment Advisory Agreement and an administration agreement (the “Administration Agreement”) with the Administrator, any expense of securitizations, and interest expense or other financing fees and any dividends paid on preferred stock, but excluding incentive fees and shareholder servicing and/or distribution fees). Pre-Incentive Fee Net Investment Income Returns includes, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero-coupon securities), accrued income that we have 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. The impact of expense support payments and recoupments are also excluded from Pre-Incentive Fee Net Investment Income Returns. 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” defined as a return of 1.5% per quarter (6.0% annualized). The Company will pay the Adviser an incentive fee quarterly in arrears with respect to the Pre-Incentive Fee Net Investment Income Returns in each calendar quarter as follows: a. No incentive fee will be paid on Pre-Incentive Fee Net Investment Income Returns in any calendar quarter in which the Pre- Incentive Fee Net Investment Income Returns do not exceed the Hurdle Rate of 1.5% (6.0% annualized); b. 100% of the dollar amount of the 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 but is less than a rate of return of 1.76% (7.06% annualized). This portion of the Pre-Incentive Fee Net Investment Income Returns (which exceeds the Hurdle Rate but is less than 1.76%) is referred to as the “Catch-Up.” The Catch-Up is meant to provide the Adviser with approximately 15% of the Company's Pre-Incentive Fee Net Investment Income Returns as if a Hurdle Rate did not apply if the net investment income exceeds 1.76% in any calendar quarter; and c. 15% of the dollar amount of the Pre-Incentive Fee Net Investment Income Returns, if any, that exceed a rate of return of 1.76% (7.06% annualized). This reflects that once the Hurdle Rate is reached and the Catch-Up is achieved, 15% of all Pre-Incentive Fee Net Investment Income Returns thereafter are allocated to the Adviser. The Adviser has agreed to waive its income based incentive fee for the first six months following the Initial Closing. For the three and six months ended June 30, 2024 , income based incentive fees were $1.3 million, all of which was voluntarily waived by the Adviser. As of June 30, 2024 , no amounts were payable to the Adviser relating to income based incentive fees. Capital gains based incentive fee The second component of the incentive fee, the capital gains incentive fee, is payable at the end of each calendar year in arrears. The amount payable equals 15.0% of cumulative realized capital gains from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid incentive fee on capital gains as calculated in accordance with U.S. GAAP. U.S. GAAP requires that the capital gains incentive fee accrual consider the cumulative aggregate unrealized capital appreciation in the calculation, as a capital gains incentive fee would be payable if such unrealized capital appreciation were realized, even though such unrealized capital appreciation is not permitted to be considered in calculating the fee actually payable under the Investment Advisory Agreement. This U.S. GAAP accrual is calculated using the aggregate cumulative realized capital gains and losses and aggregate cumulative unrealized capital depreciation included in the calculation of the capital gains incentive fee plus the aggregate cumulative unrealized capital appreciation, net of any expense associated with cumulative unrealized capital depreciation or appreciation. If such amount is positive at the end of a period, then U.S. GAAP requires the Company to record a capital gains incentive fee equal to 15.0% of such cumulative amount, less the aggregate amount of actual capital gains incentive fees paid or capital gains incentive fees accrued under U.S. GAAP in all prior periods. For the three and six ended June 30, 2024 , capital gains incentive fees were $0.4 million, none of which were payable under the Investment Advisory Agreement. Administration Agreement On January 9, 2024, the Company entered into the Administration Agreement with HPS under which HPS will provide, or oversee the performance of, administrative and compliance services, including, but not limited to, maintaining financial records, overseeing the calculation of the NAV, compliance monitoring (including diligence and oversight of other service providers), preparing reports to shareholders and reports filed with the Securities and Exchange Commission (the “SEC’) and other regulators, preparing materials and coordinating meetings of the Company’s Board, managing the payment of expenses, the payment and receipt of funds for investments and the performance of administrative and professional services rendered by others and providing office space, equipment and office services. The Company will reimburse HPS for the costs and expenses incurred by HPS in performing its obligations under the Administration Agreement. Such reimbursement includes the Company’s allocable portion of compensation (including salaries, bonuses and benefits), and may include overhead (including rent, office equipment and utilities) and other expenses incurred by HPS in performing its administrative obligations under the Administration Agreement, including but not limited to compensation paid to: (i) the Company’s chief compliance officer, chief financial officer and their respective staffs; (ii) investor relations, legal, operations and other non-investment professionals at the Administrator that perform duties for the Company; and (iii) any internal audit group personnel of HPS or any of its affiliates, subject to the limitations described in Advisory and Administration Agreements. In addition, pursuant to the terms of the Administration Agreement, the Administrator may delegate its obligations under the Administration Agreement to an affiliate or to a third party and the Company will reimburse the Administrator for any services performed for the Company by such affiliate or third party. The amount of the reimbursement payable to HPS for administrative services will be the lesser of (1) HPS’s actual costs incurred in providing such services and (2) the amount that the Company estimates it would be required to pay alternative service providers for comparable services in the same geographic location. HPS will be required to allocate the cost of such services to the Company based on factors such as assets, revenues, time allocations and/or other reasonable metrics. The Company will not reimburse HPS for any services for which it receives a separate fee, or for rent, depreciation, utilities, capital equipment or other administrative items allocated to a controlling person of HPS. For the three and six months ended June 30, 2024, the Company incurred $0.3 million in expenses under the Administration Agreement, which were recorded in “administrative service expenses” in the Company’s Statements of Operations. As of June 30, 2024, all expenses under the Administration Agreement were paid by the Adviser on behalf of the Company under the Expense Support Agreement, and as such, there were no amounts payable for such expenses included in “due to affiliates” in the Statements of Assets and Liabilities. Sub-Administration Agreement HPS has hired Harmonic Fund Services (“Harmonic”) to assist in the provision of sub-administrative and fund accounting services. Harmonic will receive compensation for these services under a sub-administration agreement. Certain Terms of the Investment Advisory Agreement and Administration Agreement Each of the Investment Advisory Agreement and the Administration Agreement will remain in effect for a period of two years from the date it first becomes effective and will remain in effect from year-to-year thereafter if approved annually by a majority of the Board or by the holders of a majority of the Company’s outstanding voting securities and, in each case, a majority of the Trustees of the Company who are not “interested persons” as defined in the 1940 Act (“Independent Trustees”). The Company may terminate the Investment Advisory Agreement upon 60 days’ written notice, and the Administration Agreement upon 120 days’ written notice, without payment of any penalty. The decision to terminate either agreement may be made by a majority of the Board or the shareholders holding a majority of the Company’s outstanding voting securities. In addition, without payment of any penalty, the Adviser may terminate the Investment Advisory Agreement upon 60 days’ written notice and the Administrator may terminate the Administration Agreement upon 60 days’ written notice. The Investment Advisory Agreement will automatically terminate in the event of its assignment within the meaning of the 1940 Act and related SEC guidance and interpretations. Managing Dealer Agreement The Company has entered into a Managing Dealer Agreement (the “Managing Dealer Agreement”) with HPS Securities, LLC (the “Managing Dealer”). The Managing Dealer is entitled to receive shareholder servicing and/or distribution fees in arrears on a quarterly or monthly basis, as applicable based on the Subscription Frequency, commencing no later than the first full calendar quarter after the Initial Closing, at an annual rate of 0.25% of the value of the Company’s net assets attributable to the Common Shares as of the beginning of the first calendar day of the subscription period, whether monthly or quarterly. The shareholder servicing and/or distribution fees are payable to the Managing Dealer, but the Managing Dealer anticipates that all or a portion of the shareholder servicing and/or distribution fees will be retained by, or reallowed (paid) to, participating broker-dealers. The Managing Dealer has agreed to waive the shareholder servicing and/or distribution fee for the first six months following the Initial Closing. The Managing Dealer is a broker-dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority, or FINRA. The Managing Dealer Agreement may be terminated at any time, without the payment of any penalty, by vote of a majority of the Company’s Independent Trustees who have no direct or indirect financial interest in the operation of the Company’s distribution plan or the Managing Dealer Agreement or by vote of a majority of the outstanding voting securities of the Company, on not more than 60 days’ written notice to the Managing Dealer or the Adviser. The Managing Dealer Agreement will automatically terminate in the event of its assignment, as defined in the 1940 Act. Either party may terminate the Managing Dealer Agreement upon 60 days’ written notice to the other party or immediately upon notice to the other party in the event such other party failed to comply with a material provision of the Managing Dealer Agreement. The Company’s obligations under the Managing Dealer Agreement to pay the shareholder servicing and/or distribution fees with respect to the Common Shares distributed shall survive termination of the agreement until such shares are no longer outstanding. For the three and six months ended June 30, 2024 , the Company accrued shareholder servicing and/or distribution fees of $0.2 million, attributable to Common Shares, all of which were waived during the periods . Expense Support and Conditional Reimbursement Agreement The Company has entered into an Expense Support and Conditional Reimbursement Agreement with the Adviser (the “Expense Support Agreement”). Pursuant to the Expense Support Agreement, the Adviser may elect to pay certain expenses on the Company’s behalf (an “Expense Payment”), provided that no portion of the payment will be used to pay any interest expense or shareholder servicing and/or distribution fees of the Company. Any Expense Payment that the Adviser has committed to pay must be paid by the Adviser to the Company in any combination of cash or other immediately available funds no later than forty-five days after such commitment was made in writing, and/or offset against amounts due from the Company to the Adviser or its affiliates. Following any calendar quarter in which Available Operating Funds (as defined below) exceed the cumulative distributions accrued to the Company’s shareholders based on distributions declared with respect to record dates occurring in such calendar quarter (the amount of such excess being hereinafter referred to as “Excess Operating Funds”), the Company shall pay such Excess Operating Funds, or a portion thereof, to the Adviser until such time as all Expense Payments made by the Adviser to the Company within three years prior to the last business day of such calendar quarter have been reimbursed. Any payments required to be made by the Company shall be referred to herein as a “Reimbursement Payment.” “Available Operating Funds” means the sum of (i) the Company’s net investment company taxable income (including net short-term capital gains reduced by net long-term capital losses), (ii) the Company’s net capital gains (including the excess of net long-term capital gains over net short-term capital losses) and (iii) dividends and other distributions paid to the Company on account of investments in portfolio companies (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above). No Reimbursement Payment for any quarter shall be made if: (1) the Effective Rate of Distributions Per Share declared by the Company at the time of such Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the Expense Payment was made to which such Reimbursement Payment relates, or (2) the Company’s Operating Expense Ratio at the time of such Reimbursement Payment is greater than the Operating Expense Ratio at the time the Expense Payment was made to which such Reimbursement Payment relates. “Effective Rate of Distributions Per Share” means the annualized rate (based on a 12-month year) of regular cash distributions per share exclusive of returns of capital, distribution rate reductions due to shareholder servicing and/or distribution fees, and declared special dividends or special distributions, if any. The “Operating Expense Ratio” is calculated by dividing Operating Expenses, less organizational and offering expenses, base management and incentive fees owed to the Adviser, shareholder servicing and/or distribution fees, and interest expense, by the Company’s net assets. “Operating Expenses” means all of the Company’s operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies. The Company’s obligation to make a Reimbursement Payment shall automatically become a liability of the Company on the last business day of the applicable calendar quarter, except to the extent the Adviser has waived its right to receive such payment for the applicable calendar quarter. The following table presents a summary of Expense Payments and the related Reimbursement Payments since the Company's commencement of operations: For the Quarter Ended Expense Payments by Adviser Reimbursement Payments to Adviser Unreimbursed Expense Payments June 30, 2024 (1) 2,678 — 2,678 Total $ 2,678 $ — $ 2,678

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Schedule of Investments [Abstract]
Investments	Investments The composition of the Company’s investment portfolio at cost and fair value was as follows: June 30, 2024 Amortized Cost Fair Value % of Total First lien debt $ 464,199 $ 465,602 92.52 % Second lien debt 1,279 1,286 0.26 Other secured debt 19,640 19,786 3.93 Unsecured debt 15,459 15,581 3.10 Equity investments 950 972 0.19 Total $ 501,527 $ 503,227 100.00 % The industry composition of investments at fair value was as follows: June 30, 2024 Fair Value Percentage of Total Investments at Fair Value Industrial Support Services $ 61,799 12.29 % General Industrials 46,666 9.27 Aerospace and Defense 43,823 8.71 Retailers 43,143 8.57 Media 42,923 8.53 Medical Equipment and Services 37,207 7.39 Software and Computer Services 36,558 7.26 Travel and Leisure 32,304 6.42 Chemicals 23,616 4.69 Consumer Services 22,276 4.43 Asset Based Lending and Fund Finance 21,186 4.21 Telecommunications Equipment 19,626 3.90 Industrial Transportation 18,227 3.62 Electricity 10,077 2.00 Health Care Providers 9,954 1.98 Construction and Materials 9,601 1.91 Pharmaceuticals and Biotechnology 4,989 0.99 Automobiles and Parts 4,791 0.95 Investment Banking and Brokerage Services 4,017 0.80 Technology Hardware and Equipment 2,871 0.57 Finance and Credit Services 2,754 0.55 Industrial Engineering 2,500 0.50 Household Goods and Home Construction 2,319 0.46 Total $ 503,227 100.00 % The geographic composition of investments at cost and fair value was as follows: June 30, 2024 Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets Austria $ 34,719 $ 34,738 6.90 % 8.58 % Taiwan 2,842 2,872 0.57 0.71 United Kingdom 7,718 7,890 1.57 1.95 United States 456,248 457,727 90.96 113.02 Total $ 501,527 $ 503,227 100.00 % 124.26 % As of June 30, 2024, there were no investments in the portfolio on non-accrual status. As of June 30, 2024, on a fair value basis, 93.4% of performing debt investments bore interest at a floating rate and 6.6% of performing debt investments bore interest at a fixed rate.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the applicable measurement date. The fair value hierarchy under ASC 820 prioritizes the inputs to valuation methodology used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these securities. The three levels of the fair value hierarchy are as follows: • Level 1: Inputs to the valuation methodology that reflect unadjusted quoted prices available in active markets for identical assets or liabilities as of the reporting date. • Level 2: Inputs to the valuation methodology other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date. • Level 3: Inputs to the valuation methodology are unobservable and significant to overall fair value measurement. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the overall fair value measurement. The Adviser’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC 820. Consistent with the valuation policy, the Company evaluates the source of the inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. Investments whose values are based on the listed closing price quoted on the securities’ principal exchange are classified within Level 1 and include active listed equities. The Adviser does not adjust the quoted price for such instruments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price. Investments that trade in markets that are not considered to be active, but are valued based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs are classified within Level 2. These include investment-grade corporate bonds, structured products, and certain bank loans, less liquid listed equities, and high yield bonds. As Level 2 investments include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. Investments classified within Level 3 have unobservable inputs, as they trade infrequently, or not at all. When observable prices are not available for these investments, the Adviser uses one or more valuation techniques (e.g., the market approach and the income approach) of which sufficient and reliable data is available. Within Level 3, the use of the market approach generally consists of using comparable market data, while the use of the income approach generally consists of the net present value of estimated future cash flows, which may be adjusted as appropriate for liquidity, credit, market and/or other risk factors. Investments in senior loans primarily include first and second lien term loans, delayed draws and revolving credit. The Adviser analyzes enterprise value based on the weighted average of discounted cash flows, public comparables and merger and acquisition comparables. This analysis is done to ensure, among other things, that the investments have adequate collateral and asset coverage. Once the investment is determined to have adequate asset coverage, the Adviser monitors yields for senior loan investments made from the time of purchase to the month end average yields for similar investments and risk profiles. The Company uses market data, including newly funded transactions, and secondary market data with respect to high-yield debt instruments and syndicated loans, as inputs in determining the appropriate market yield. The change in yield is utilized by the Adviser to discount the anticipated cash flows of the debt investment in order to arrive at a fair value. Further, the Adviser adjusts for material changes in the underlying fundamentals of the issuer, including changes in leverage, as necessary. If the investment does not have adequate coverage, a tranched valuation approach is considered. Derivative Instruments Further inputs considered by the Adviser in estimating the value of investments may include the original transaction price, recent transactions in the same or similar instruments, completed or pending third-party transactions in the underlying investment or comparable issuers, subsequent rounds of financing, recapitalizations and other transactions across the capital structure, offerings in the equity or debt capital markets (by the investment or other comparable investments), whether the loan contains call protection and changes in financial ratios or cash flows. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Adviser in the absence of market information. The fair value measurement of Level 3 investments does not include transaction costs that may have been capitalized as part of the security’s cost basis. Assumptions used by the Adviser due to the lack of observable inputs may significantly impact the resulting fair value and therefore the Company’s results of operations. Rule 2a-5 under the 1940 Act was recently adopted by the SEC and establishes requirements for determining fair value in good faith for purposes of the 1940 Act. The rule permits boards, subject to board oversight and certain other conditions, to designate certain parties to perform the fair value determinations. In accordance with this rule, the Company’s Board of Trustees has designated the Company’s Adviser as the valuation designee primarily responsible for the valuation of the Company’s investments, subject to the oversight of the Board of Trustees. The following table presents the fair value hierarchy of investments and cash equivalents: June 30, 2024 Level 1 Level 2 Level 3 Total First lien debt $ — $ 124,096 $ 341,506 $ 465,602 Second lien debt — — 1,286 1,286 Other secured debt — — 19,786 19,786 Unsecured debt — — 15,581 15,581 Equity investments — — 972 972 Total Investments $ — $ 124,096 $ 379,131 $ 503,227 Cash equivalents $ 5,838 $ — $ — $ 5,838 The following table presents change in the fair value of investments for which Level 3 inputs were used to determine fair value: Three Months Ended June 30, 2024 First Lien Second Lien Debt Other Secured Debt Unsecured Debt Equity Investments Total Investments Fair value, beginning of period $ — $ — $ — $ — $ — $ — Purchases of investments (1) 346,791 1,275 19,600 15,440 950 384,056 Proceeds from principal repayments and sales of investments (7,863) — — — — (7,863) Accretion of discount/amortization of premium 867 3 40 19 — 929 Net realized gain (loss) 2 — — — — 2 Net change in unrealized appreciation (depreciation) 1,709 8 146 122 22 2,007 Transfers into Level 3 (2) — — — — — — Transfers out of Level 3 (2) — — — — — — Fair value, end of period $ 341,506 $ 1,286 $ 19,786 $ 15,581 $ 972 $ 379,131 Net change in unrealized appreciation (depreciation) related to financial instruments still held as of June 30, 2024 $ 1,709 $ 8 $ 146 $ 122 $ 22 $ 2,007 (1) Purchases include PIK interest, if applicable. (2) Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended June 30, 2024, there were no transfers into or out of Level 3. The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Company’s determination of fair value. June 30, 2024 Range Fair Value (1) Valuation Unobservable Low High Weighted Average (2) Investments in first lien debt $ 240,630 Yield analysis Discount rate 10.43 % 29.16 % 13.22 % Investments in second lien debt $ 1,286 Yield analysis Discount rate 16.85 % 16.85 % 16.85 % Investments in other secured debt $ 19,786 Yield analysis Discount rate 12.31 % 12.31 % 12.31 % Investments in unsecured debt $ 15,581 Yield analysis Discount rate 14.26 % 14.26 % 14.26 % Investments in preferred equity $ 972 Yield analysis Discount rate 13.77 % 13.77 % 13.77 % (1) As of June 30, 2024 , included within the fair value of Level 3 assets of $379,131 is an amount of $100,876 fo r which the Adviser did not develop the unobservable inputs (examples include third-party pricing and transaction prices). (2) Weighted averages are calculated based on fair value of investments. The significant unobservable input used in the yield analysis is the discount rate based on comparable market yields. Significant increases in discount rates would result in a significantly lower fair value measurement. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of the Company’s investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that the Company may ultimately realize. Further, such investments are generally subject to legal and other restrictions on resale or otherwise are less liquid than publicly traded securities. If the Company was required to liquidate a portfolio investment in a forced or liquidation sale, it could realize significantly less than the value at which the Company has recorded it. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected in the valuations currently assigned. Financial Instruments Not Carried at Fair Value Debt The fair value of the Company’s credit facility, which would be categorized as Level 3 within the fair value hierarchy, as of June 30, 2024, approximates its carrying value as the credit facility has a variable interest based on selected short term rates. As of June 30, 2024, the carrying amounts of the Company’s assets and liabilities, other than investments at fair value and debt, approximate fair value due to their short maturities. Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings, if applicable, or market quotes, if available.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company enters into foreign currency forward contracts from time to time to help mitigate the impact that an adverse change in foreign exchange rates would have on the value of the Company’s investments denominated in foreign currencies. For derivative contracts, the Company enters into netting arrangements with its counterparties. In accordance with authoritative guidance, the Company offsets fair value amounts recognized for derivative instruments with the same security type and counterparty under a master netting arrangement. During the three months ended June 30, 2024 , the average notional exposure for foreign currency forward contracts were $47.2 million. The following tables summarize the aggregate notional amount and fair value of the Company’s derivative financial instruments as of June 30, 2024. June 30, 2024 Level 1 Level 2 Level 3 Total Fair Value Notional Derivative Assets Foreign currency forward contracts $ — $ 576 $ — $ 576 $ 53,760 Total derivative assets, at fair value $ — $ 576 $ — $ 576 $ 53,760 The effect of transactions in derivative instruments on the Statements of Operations during the three and six months ended June 30, 2024 were as follows: Three Months Ended Six Months Ended Net change in unrealized gain (loss) on foreign currency forward contracts $ 576 $ 576 Realized gain (loss) on foreign currency forward contracts $ 35 $ 35 The following table presents both gross and net information about derivative instruments eligible for offset in the Statements of Assets and Liabilities as of June 30, 2024. June 30, 2024 Counterparty Account in the Statements of Asset and Liabilities Gross Amount of Assets Gross Amount of (Liabilities) Net amounts presented in the Statements of Assets and Liabilities Collateral Received/Pledged (1) Net Amounts (2) SMBC Capital Markets, Inc. Derivative assets, at fair value $ 576 $ — $ 576 $ — $ 576 (1) Amount excludes excess cash collateral paid. (2) Net amount represents the net amount due (to) from counterparty in the event of a default based on the contractual setoff rights under the agreement. Net amount excludes any over-collateralized amounts, if applicable.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Borrowings In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. As of June 30, 2024, the Company’s asset coverage was 1,203.5%. Revolving Credit Facility On April 8, 2024, the Company, as borrower, entered into a senior secured revolving credit facility (the “Revolving Credit Facility”) pursuant to a Senior Secured Revolving Credit Agreement (the “Revolving Credit Agreement”), with JPMorgan Chase Bank, N.A., as administrative agent and as collateral agent, the lenders party thereto (the “Revolving Credit Facility Lenders”), and JPMorgan Chase Bank, N.A. and Sumitomo Mitsui Banking Corporation, as joint bookrunners and joint lead arrangers. The Company may borrow amounts in U.S. dollars or certain other permitted currencies under the Revolving Credit Facility. Advances under the Revolving Credit Facility drawn in U.S. dollars will initially bear interest at a per annum rate equal to 0.75% or 0.875% plus an “alternate base rate” in the case of any ABR Loan and 1.75% or 1.875% plus the Adjusted Term SOFR Rate in the case of any other Loan, in each case, depending on the Company’s rate option election and borrowing base. Advances under the Revolving Credit Facility drawn in currencies other than U.S. dollars will initially bear interest at a per annum rate equal to 1.75% or 1.875%, in each case depending on the Company’s borrowing base, plus any applicable credit spread adjustment, plus certain local rates consistent with market standards. The Company also pays a fee of 0.375% on average daily undrawn amounts under the Revolving Credit Facility. The maximum principal amount of the Revolving Credit Facility is $575 million (increased from $500 million to $575 million on May 1, 2024), subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness, with an accordion provision to permit increases to the total facility amount up to $1,000 million subject to the satisfaction of certain conditions. The Revolving Credit Facility will be guaranteed by certain domestic subsidiaries of the Company that will be formed or acquired by the Company in the future (collectively, the “Revolving Credit Facility Guarantors”). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including, without limitation, repaying outstanding indebtedness, making distributions, contributions and investments, and acquisition and funding of portfolio investments, and such other uses as permitted under the Revolving Credit Agreement. The Revolving Credit Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and each Revolving Credit Facility Guarantor, subject to certain exceptions, and includes a $150 million limit for swingline loans. The availability period under the Revolving Credit Facility will terminate on April 8, 2028 (the “Revolving Credit Facility Commitment Termination Date”) and the Revolving Credit Facility will mature on April 8, 2029 (the “Revolving Credit Facility Maturity Date”). During the period from the Revolving Credit Facility Commitment Termination Date to the Revolving Credit Facility Maturity Date, the Company will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales, recovery events and/or equity or debt issuances. As of June 30, 2024 , the Company was in compliance with all covenants and other requirements of the Revolving Credit Facility. The Company’s outstanding debt obligations were as follows: June 30, 2024 Aggregate Outstanding Carrying Unused Portion (1) Amount Available (2) Revolving Credit Facility $ 575,000 $ 36,700 $ 36,700 $ 538,300 $ 270,615 Total $ 575,000 $ 36,700 $ 36,700 $ 538,300 $ 270,615 (1) The unused portion is the amount upon which commitment fees, if any, are based. (2) The amount available reflects a ny limitations related to the Revolving Credit Facility’s borrowing base. As of June 30, 2024 , $0.1 million of interest expense and $0.4 million of unused commitment fees were included in interest payable. For the three months ended June 30, 2024 , the weighted average interest rate on all borrowings outstanding was 9.5% (excluding unused fees and costs incurred in connection with Warehousing Transactions) and the average principal debt outstanding was $51.4 million. The components of interest expense were as follows: Three Months Ended June 30, 2024 Six Months Ended Borrowing interest expense $ 943 $ 943 Facility unused fees 440 440 Amortization of financing costs 176 176 Financing fees (Note 8) 5,104 5,104 Backstop fees (Note 8) 532 532 Total interest expense $ 7,195 $ 7,195 Cash paid for interest expense $ 6,660 $ 6,660

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, the Company enters into contracts that provide a variety of general indemnifications. Any exposure to the Company under these arrangements could involve future claims that may be made against the Company. Currently, no such claims exist or are expected to arise and, accordingly, the Company has not accrued any liability in connection with such indemnifications. The Company’s investment portfolio may contain debt investments which are in the form of lines of credit or delayed draw commitments, which require us to provide funding when requested by portfolio companies in accordance with underlying loan agreements. As of June 30, 2024, the Company had unfunded delayed draw term loans and revolvers in the aggregate prin cipal amount of $17.2 million. From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of June 30, 2024, management is not aware of any pending or threatened material litigation. The Adviser agreed to bear all of the Company’s expenses, including organization and offering expenses, through April 8, 2024, the date on which the Company broke escrow for the initial offering of its Common Shares, on which date the Company became obligated to reimburse the Adviser for such advanced expenses upon breaking escrow for the Private Offering and the Adviser requesting reimbursement of these expenses paid pursuant to the Expense Support Agreement. For the three and six months ended June 30, 2024, there were no reimbursement payments made to the Adviser. Warehousing Transactions Macquarie Bank Limited and Affiliates Beginning September 12, 2023, the Company entered into multiple sale and purchase agreements (the “Macquarie Purchase Agreements”) with Macquarie Bank Limited and certain of its affiliates (each, a “Macquarie Financing Provider” and collectively, the “Macquarie Financing Providers”). Under the Macquarie Purchase Agreements, the Company had forward obligations to settle the purchase of certain investments (the “Macquarie Warehouse Investments”) from the Macquarie Financing Providers, subject to the following conditions; (a) that the Company has received subscriptions of at least $200 million; and (b) that the Board of the Company has approved the purchase of the specific Macquarie Warehouse Investments (the “Macquarie Warehouse Conditions”). The Macquarie Warehouse Investments consisted of newly originated, privately negotiated senior secured term loans and junior capital commitments to upper middle market companies consistent with the Company’s investment strategy. Pursuant to the Macquarie Purchase Agreements, the Company could request that the Macquarie Financing Provider acquire such Macquarie Warehouse Investments as the Company may designate from time to time, which a Macquarie Financing Provider could approve or reject in its sole and absolute discretion. Prior to any sale to the Company, the Macquarie Warehouse Investments were owned and held solely for the account of the relevant Macquarie Financing Provider. Until such time as the Company satisfied the Macquarie Warehouse Conditions, which occurred on April 8, 2024, it had no obligation to purchase the Macquarie Warehouse Investments nor be entitled to any benefits or subject to any obligations under the Macquarie Purchase Agreements. During the three months ended June 30, 2024, the Company recognized $242.4 million of investments at principal ($11.0 million of which was unfunded) from the Macquarie Financing Providers. As of June 30, 2024, there are no forward obligations to settle the purchase of Macquarie Warehouse Investments from the Macquarie Financing Providers. In consideration for the forward arrangement provided by the Macquarie Financing Providers, the Company paid, subject to the satisfaction of the Warehouse Conditions, certain fees and expenses to the Macquarie Financing Providers, including a financing fee with respect to the portion of the purchase amount that is funded equivalent to 3.10% to 3.40% per annum. Through June 30, 2024, financing fees of $5.1 million were paid to the Macquarie Financing Providers, which are included in interest expense on the Statements of Operations. The Company’s obligations to the Macquarie Financing Providers under the Purchase Agreements were guaranteed by an affiliate of the Adviser. Beginning October 2, 2023, certain of the Company’s obligations to the Macquarie Financing Providers under the Macquarie Purchase Agreements were guaranteed by two non-affiliated entities. In consideration of the two non-affiliated guarantors entering into the guarantees, the Company paid a fee based on the Net Carry with respect to each transaction to the respective guarantor of each investment. “Net Carry” means, an amount equal to the sum of (a) the interest (paid and accrued and unpaid) less (b) the financing fee paid to the Macquarie Financing Providers plus (c) the net realized gains/losses on each investment. As of June 30, 2024, $0.5 million of fees (the “backstop fees”) were paid to the two non-affiliated guarantors, which is included in interest expense on the Statements of Operations. For the three months ended June 30, 2024, all of the income, expenses and mark-to-market gain/loss under all Macquarie Purchase Agreements, in addition to other economic rights and obligations held by the Company, were recognized in the Company’s financial statements. Cliffwater LLC On March 6, 2024, the Company entered into a facility agreement with Steamboat SPV LLC (the “Cliffwater Financing Provider”), a special purpose vehicle organized by Cliffwater LLC (the “Cliffwater Facility Agreement”). Under the Cliffwater Facility Agreement, the Company had forward obligations to purchase certain investments from the Cliffwater Financing Provider pursuant to the terms of the Agreement (the “Cliffwater Warehouse Investments”), subject to the following conditions: (a) that the Company had received cash funding from investor subscriptions of at least $200 million; and (b) that the Board had approved the purchase of the specific Cliffwater Warehouse Investments (together with the Macquarie Warehouse Conditions, the “Warehouse Conditions”). The Cliffwater Warehouse Investments generally consist of privately negotiated senior secured and junior loans and notes, as well as unfunded revolving and term commitments, to upper middle market companies consistent with the Company’s investment strategy. Until such time as the Company satisfied the Warehouse Conditions, which occurred on April 8, 2024, the Company had no obligation to purchase the Cliffwater Warehouse Investments nor be entitled to any benefits or subject to any obligations under the Cliffwater Facility Agreement. During the three months ended June 30, 2024, the Company recognized $135.1 million of investments at principal ($4.7 million of which was unfunded) from the Cliffwater Financing Provider. As of June 30, 2024, there are no forward obligations to settle the purchase of Cliffwater Warehouse Investments from the Cliffwater Financing Provider. The price the Company paid to purchase the Cliffwater Warehouse Investment’s was based on the cash amount paid by the Cliffwater Financing Provider plus, among other amounts, accrued and unpaid interest, the portion of the original issue discount and fees attributable to the Cliffwater Financing Provider’s holding period and a financing fee of up to 150 basis points (the “Cliffwater Financing Fee”).

Net Assets

Net Assets	6 Months Ended
	Jun. 30, 2024
Investment Company [Abstract]
Net Assets	Net Assets In connection with its formation, the Company has the authority to issue an unlimited number of Common Shares of beneficial interest at $0.01 per share par value. On December 18, 2023, HPS purchased 100 shares of the Company’s Common Shares of beneficial interest at $25.00 per share. As of April, 8, 2024, the Company had satisfied the minimum offering requirement, and the Company’s Board had authorized the release of proceeds from escrow. As of such date, the Company issued and sold 8,827,880 shares at an offering p rice of $25.00 per share, and the Board authorized the release of $220.7 million to the Company as payment for such shares. As of June 30, 2024, an affiliate of the Adviser had subscribed for $5.0 million . Under the terms of the Company’s Declaration of Trust, all Common Shares have equal rights as to voting and, when they are issued, will be duly authorized, validly issued, fully paid and nonassessable. Until the release of proceeds from escrow, the per share purchase price for Common Shares in the Private Offering was $25.00 per share. Thereafter, the purchase price per share will equal the NAV per share, as of the effective date of the monthly share purchase date. The Managing Dealer will use its best efforts to sell shares but is not obligated to purchase or sell any specific amount of shares in the Private Offering. The following table summarizes transactions in Common Shares of beneficial interest during the three and six months ended June 30, 2024 : Shares Amount Share transactions: Subscriptions 15,601,368 $ 394,928 Distributions reinvested — — Share repurchases — — Early repurchase deduction — — Total net increase (decrease) 15,601,368 $ 394,928 Net Asset Value per Share and Offering Price The Company determines NAV for its shares as of the last day of each calendar month. Share issuances related to monthly subscriptions are effective the first calendar day of each month. Shares are issued at an offering price equivalent to the most recent NAV per share available, which will be the prior calendar day NAV per share (i.e. the prior month-end NAV). The following table summarizes each month-end NAV per share for Common Shares of beneficial interest during the three and six months ended June 30, 2024 : For the Months Ended NAV Per Share April 30, 2024 $ 25.63 May 31, 2024 $ 25.83 June 30, 2024 $ 25.96 Distributions The Company declares monthly distribution amounts per share of Common Shares of beneficial interest payable quarterly in arrears. The following table presents distributions that were declared during the three and six months ended June 30, 2024: Declaration Date Record Date Payment Date Distribution Per Share Distribution Amount April 30, 2024 April 30, 2024 July 31, 2024 $ 0.1000 $ 883 May 29, 2024 May 31, 2024 July 31, 2024 0.1310 1,634 June 26, 2024 June 30, 2024 July 31, 2024 0.1320 2,059 Total $ 0.3630 $ 4,576 Distribution Reinvestment Plan The Company has adopted a distribution reinvestment plan, pursuant to which the Company will reinvest all cash dividends declared by the Company on behalf of the Company’s shareholders who do not elect to receive their distributions in cash as provided below. As a result, if the Company declares a cash distribution, then shareholders who have not opted out of the Company’s distribution reinvestment plan will have their cash distributions automatically reinvested in additional shares as described below, rather than receiving the cash distribution. Distributions on fractional shares will be credited to each participating shareholder’s account to three decimal places. Character of Distributions The Company may fund its cash distributions to shareholders from any source of funds available to the Company, including but not limited to offering proceeds, net investment income from operations, capital gains proceeds from the sale of assets, borrowings, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies and expense support from the Adviser, which is subject to recoupment. Through June 30, 2024, a portion of the Company’s distributions resulted from expense support from the Adviser, and future distributions may result from expense support from the Adviser, each of which is subject to repayment by the Company within three years from the date of payment. The purpose of this arrangement avoids distributions being characterized as a return of capital for U.S. federal income tax purposes. Shareholders should understand that any such distribution is not based solely on the Company’s investment performance, and can only be sustained if the Company achieves positive investment performance in future periods and/or the Adviser continues to provide expense support. Shareholders should also understand that the Company’s future repayments of expense support will reduce the distributions that they would otherwise receive. There can be no assurance that the Company will achieve the performance necessary to sustain these distributions, or be able to pay distributions at all. Sources of distributions, other than net investment income and realized gains on a U.S. GAAP basis, include required adjustments to U.S. GAAP net investment income in the current period to determine taxable income available for distributions. The following table reflects the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its Common Shares during the six months ended June 30, 2024: Source of Distribution Per Share Amount Net investment income $ 0.3630 $ 4,576 Net realized gains — — Total $ 0.3630 $ 4,576 Share Repurchase Program Beginning no later than the first full calendar quarter from the date on which the Company breaks escrow for the Company’s initial offering of its common shares, and at the discretion of the Company’s Board, the Company intends to commence a share repurchase program in which the Company may repurchase, in each quarter, up to 5% of the Company’s Common Shares outstanding (by number of shares) as of the close of the previous calendar quarter. The Company’s Board may amend, suspend or terminate the share repurchase program if it deems such action to be in the Company’s best interest and the best interest of the Company’s shareholders. As a result, share repurchases may not be available each quarter. The Company expects to repurchase shares pursuant to tender offers each quarter using a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter, except that shares that have not been outstanding for at least one year (or, in the case of shareholders who purchased shares in the Initial Closing, until at least March 31, 2025) will be repurchased at 98% of the applicable NAV per share (the “Early Repurchase Deduction”). The one year holding period is measured as of the subscription closing date immediately following the prospective repurchase date. The Early Repurchase Deduction may be waived, at the Company’s discretion, in the case of repurchase requests arising from the death, divorce or qualified disability of the holder. The Early Repurchase Deduction will be retained by the Company for the benefit of remaining shareholders. The Company intends to conduct the repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the 1940 Act. All shares purchased by the Company pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares. There were no share repurchases during the three and six months ended June 30, 2024 .

Financial Highlights

Financial Highlights	6 Months Ended
	Jun. 30, 2024
Investment Company [Abstract]
Financial Highlights	Financial Highlights The following are the financial highlights for the six months ended June 30, 2024: Six Months Ended June 30, 2024 Per Share Data: Net asset value, beginning of period $ 25.00 Net investment income (1) 0.96 Net unrealized and realized gain (loss) (2) 0.36 Net increase (decrease) in net assets resulting from operations 1.32 Distributions from net investment income (3) (0.36) Distributions from net realized gains (3) — Net increase (decrease) in net assets from shareholders' distributions (0.36) Total increase (decrease) in net assets 0.96 Net asset value, end of period $ 25.96 Shares outstanding, end of period 15,601,468 Total return based on NAV (4) 5.29 % Ratios: Ratio of net expenses to average net assets (5) 4.28 % Ratio of net investment income to average net assets (5) 14.70 % Portfolio turnover rate 2.48 % Supplemental Data: Net assets, end of period $ 404,976 Asset coverage ratio 1,203.5 % (1) The per share data was derived by using the weighted average shares outstanding during the period. (2) The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions. (3) The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9). (4) Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested in accordance with the Company's dividend reinvestment plan) divided by the beginning NAV per share. Total return does not include upfront transaction fee, if any. (5) For the six months ended June 30, 2024, amounts are annualized except for expenses incurred prior to the Initial Closing, capital gains incentive fee, and net income from the Warehousing Transactions. For the six months ended June 30, 2024, the ratio of total Operating Expenses to average net assets was 9.70% on an annualized basis, excluding the effect of expense support/(recoupment), shareholder servicing and/or distribution fees waiver, and management fee and income based incentive fee waivers by the Adviser which represented 5.42% of average net assets.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company’s management evaluated subsequent events through the date of issuance of the financial statements. There have been no additional subsequent events that occurred during such period that would require disclosure in, or would be required to be recognized in the financial statements as of June 30, 2024, except as discussed below. Subscriptions The Company received $70.0 million of net proceeds relating to the issuance of Common Shares for subscriptions effective July 1, 2024. The Company received $45.0 million of net proceeds relating to the issuance of Common Shares for subscriptions effective August 1, 2024. Distributions Declarations On July 24, 2024, the Company declared regular distributions of $0.1320 per Common Share, all of which are payable on or about October 31, 2024 to shareholders of record as of July 31, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Pay vs Performance Disclosure
Net increase (decrease) in net assets resulting from operations	$ 14,621	$ 14,621

Insider Trading Arrangements

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

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The interim financial statements have been prepared in accordance with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 6 of Regulation S-X. Accordingly, certain disclosures accompanying the annual financial statements prepared in accordance with U.S. GAAP are omitted. In the opinion of management, all adjustments considered necessary for the fair statement of the financial statements for the interim periods presented have been included. All intercompany balances and transactions have been eliminated. The current period’s results of operations will not necessarily be indicative of results that ultimately may be achieved for the fiscal year ending December 31, 2024. As an investment company, the Company applies the accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies (“ASC 946”) issued by the Financial Accounting Standards Board (“FASB”).
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual amounts could differ from those estimates and such differences could be material.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of demand deposits and highly liquid investments, such as money market funds, with original maturities of three months or less. Cash and cash equivalents are carried at cost, which approximates fair value. The Company deposits its cash and cash equivalents with financial institutions and, at times, may exceed the Federal Deposit Insurance Corporation insured limit.
Investments	Investments Investment transactions are recorded on the trade date. Realized gains or losses on investment transactions are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. The Company is required to report its investments for which current market values are not readily available at fair value. The Company values its investments in accordance with ASC 820, Fair Value Measurement (“ASC 820”), which defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the applicable measurement date. ASC 820 prioritizes the use of observable market prices derived from such prices over entity-specific inputs. Due to the inherent uncertainties of valuation, certain estimated fair values may differ significantly from the values that would have been realized had a ready market for these investments existed, and these differences could be material. Investments that are listed or traded on an exchange and are freely transferable are valued at either the closing price (in the case of securities and futures) or the mean of the closing bid and offer (in the case of options) on the principal exchange on which the investment is listed or traded. Investments for which other market quotations are readily available will typically be valued at those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Where it is possible to obtain reliable, independent market quotations from a third party vendor, the Company uses these quotations to determine the value of its investments. The Company utilizes mid-market pricing (i.e., mid-point of average bid and ask prices) to value these investments. The Adviser obtains these market quotations from independent pricing services, if available; otherwise from one or more broker quotes. To assess the continuing appropriateness of pricing sources and methodologies, the Adviser regularly performs price verification procedures and issues challenges as necessary to independent pricing services or brokers, and any differences are reviewed in accordance with the valuation procedures. The Adviser does not adjust the prices unless it has a reason to believe market quotations are not reflective of the fair value of an investment. Where prices or inputs are not available or, in the judgment of the Adviser, not reliable, valuation approaches based on the facts and circumstances of the particular investment will be utilized. Securities that are not publicly traded or for which market prices are not readily available, as will be the case for a substantial portion of the Company’s investments, are valued at fair value as determined in good faith by the Adviser as the Company’s valuation designee under Rule 2a-5 under the 1940 Act, pursuant to the Company’s valuation policy, and under the oversight of the Board, based on, among other things, the input of one or more independent valuation firms retained by the Company to review the Company’s investments. These valuation approaches involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the investments or market and the investments’ complexity. With respect to the quarterly valuation of investments, the Company undertakes a multi-step valuation process each quarter in connection with determining the fair value of the Company’s investments for which reliable market quotations are not readily available as of the last calendar day of each quarter, which includes, among other procedures, the following: • The valuation process begins with each investment being preliminarily valued by the Adviser’s valuation team in consultation with the Adviser’s investment professionals responsible for each portfolio investment; • In addition, independent valuation firms retained by the Company prepare quarter-end valuations of each such investment that was (i) originated or purchased prior to the first calendar day of the quarter and (ii) is not a de minimis investment, as determined by the Adviser. The independent valuation firms provide a final range of values on such investments to the Adviser. The independent valuation firms also provide analyses to support their valuation methodology and calculations; • The Adviser’s valuation committee with respect to the Company (the “Valuation Committee”) reviews the valuation recommendations prepared by the Adviser’s valuation team and, as appropriate, the independent valuation firms’ valuation ranges; • The Adviser’s Valuation Committee then determines fair value marks for each of the Company’s portfolio investments; and • The Board and Audit Committee periodically review the valuation process and provide oversight in accordance with the requirements of Rule 2a-5 under the 1940 Act. As part of the valuation process, the Company takes into account relevant factors in determining the fair value of the Company’s investments for which reliable market quotations are not readily available, many of which are loans, including and in combination, as relevant: (i) the estimated enterprise value of a portfolio company, generally based on an analysis of discounted cash flows, publicly traded comparable companies and comparable transactions, (ii) the nature and realizable value of any collateral, (iii) the portfolio company’s ability to make payments based on its earnings and cash flow, (iv) the markets in which the portfolio company does business, and (v) overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase transaction, public offering or subsequent equity or debt sale occurs, the Adviser considers whether the pricing indicated by the external event corroborates its valuation. The Company has and will continue to engage independent valuation firms to provide assistance regarding the determination of the fair value of the Company’s portfolio securities for which market quotations are not readily available or are readily available but deemed not reflective of the fair value of the investment each quarter, and the Adviser and the Company may reasonably rely on that assistance. However, the Adviser is responsible for the ultimate valuation of the portfolio investments at fair value as determined in good faith pursuant to the Company’s valuation policy, the Board’s oversight and a consistently applied valuation process.
Derivative Instruments	Derivative Instruments The Company may enter into foreign currency forward contracts to reduce the Company’s exposure to foreign currency exchange rate fluctuations in the value of foreign currencies. In a foreign currency forward contract, the Company agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. Foreign currency forward contracts are marked-to-market at the applicable forward rate. Unrealized appreciation (depreciation) on foreign currency forward contracts are recorded on the Statements of Assets and Liabilities by counterparty on a net basis, not taking into account collateral posted which is recorded separately, if applicable. Notional amounts of foreign currency forward contract assets and liabilities are presented separately on the Schedule of Investments. Purchases and settlements of foreign currency forward contracts having the same settlement date and counterparty are generally settled net and any realized gains or losses are recognized on the settlement date. As it relates to foreign currency forward contracts, the Company does not utilize hedge accounting and as such, the Company recognizes its derivatives at fair value with changes in the net unrealized appreciation (depreciation) on foreign currency forward contracts recorded on the Statements of Operations.
Loan Participations	Loan Participations The Company follows the guidance in ASC 860 Transfers and Servicing when accounting for loan participations and other partial loan sales. Such guidance requires a participation or other partial loan sale to meet the definition of a “participating interest,” as defined in the guidance, in order for sale treatment to be allowed. Participations or other partial loan sales that do not meet the definition of a participating interest remain on the Statements of Assets and Liabilities and the proceeds are recorded as a secured borrowing until the definition is met. Secured borrowings are carried at fair value to correspond with the related investments, which are carried at fair value. There were no participations that were accounted for as secured borrowings during the period.
Foreign Currency Transactions	Foreign Currency Transactions Amounts denominated in foreign currencies are translated into U.S. dollars on the following basis: (i) investments and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates effective on the last business day of the period; and (ii) purchases and sales of investments, borrowings and repayments of such borrowings, income, and expenses denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. The Company does not isolate the portion of the results of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included within the net realized and unrealized gains or losses on investments. Fluctuations arising from the translation of non-investment assets and liabilities are included with the net change in unrealized gains (losses) on foreign currency translations on the Statements of Operations. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities.
Revenue Recognition	Revenue Recognition Interest Income Interest income is recorded on an accrual basis and includes the accretion of discounts and amortizations of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security using the effective interest method. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. For the three and six months ended June 30, 2024, the Company recorded non-recurring interest income of $0.4 million (e.g. prepayment premiums, accelerated accretion of upfront loan origination fees and unamortized discounts). Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in 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. As of June 30, 2024, th e Company had no investments on non-accrual status. PIK Income The Company has loans in its portfolio that contain payment-in-kind (“PIK”) provisions. PIK represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. Such income is included in interest income in the Statements of Operations. If at any point the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through interest income. To maintain the Company’s status as a RIC, this non-cash source of income must be paid out to shareholders in the form of dividends, even though the Company has not yet collected cash. Dividend Income Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. To the extent a preferred equity security contains PIK provisions, PIK dividends, computed at the contractual rate specified in each applicable agreement, are accrued and recorded as dividend income and added to the principal balance of the preferred equity security. PIK dividends added to the principal balance are generally collected upon redemption of the equity. For the three and six months ended June 30, 2024, the Company did not record any dividend income. Other Income The Company may receive various fees in the ordinary course of business such as structuring, consent, waiver, amendment, syndication and other miscellaneous fees as well as fees for managerial assistance rendered by the Company to the portfolio companies. Such fees are recognized as income when earned or the services are rendered.
Organization Expenses	Organization Expenses Organization expenses include, among other things, the cost of incorporating the Company and the cost of legal services and other fees pertaining to the Company's organization. Organization expenses are expensed as incurred.
Offering Expenses	Offering Expenses The Company's offering expenses include, among other things, legal fees, registration fees and other costs pertaining to the preparation of the Company's registration statement (and any amendments or supplements thereto) relating to the offering and associated marketing materials. Offering costs are capitalized as a deferred charge and amortized to expense on a straight-line basis over a twelve-month period from incurrence.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs represent fees and other direct incremental costs incurred in connection with the Company’s borrowings. These expenses are deferred and amortized into interest expense over the life of the related debt instrument using the straight-line method. Deferred financing costs related to revolving credit facilities are presented separately as an asset on the Company’s Statements of Assets and Liabilities.
Income Taxes	Income Taxes The Company intends to elect to be treated and intends to qualify each taxable year thereafter as a RIC under the Code. So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Company would represent obligations of the Company’s shareholders and would not be reflected in the financial statements of the Company. 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. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90% of the sum of (i) its “investment company taxable income” for that year (without regard to the deduction for dividends paid), which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses and (ii) its net tax exempt income. The Company intends to make the requisite distributions to its shareholders, which will generally relieve the Company from corporate-level income taxes. In addition, pursuant to the excise tax distribution requirements, the Company is subject to a 4% nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one- year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to corporate income tax is considered to have been distributed. To the extent that it determines that estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such taxable income, the Company will accrue excise taxes, if any, on estimated undistributed taxable income.
Distributions	Distributions To the extent that the Company has taxable income available, the Company intends to make quarterly distributions to its shareholders. Distributions to shareholders are recorded on the record date. All distributions will be paid at the discretion of the Board and will depend on the Company’s earnings, financial condition, maintenance of the Company’s tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as the Board may deem relevant from time to time.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company considers the applicability and impact of all accounting standard updates (“ASUs”) issued by the Financial Accounting Standards Board. The Company has assessed currently issued ASUs and has determined that they are not applicable or are expected to have minimal impact on its financial statements. In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”),” which clarifies guidance for fair value measurement of an equity security subject to a contractual sale restriction and establishes new disclosure requirements for such equity securities. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023 and for interim periods within those fiscal years, with early adoption permitted. The Company has concluded that this guidance did not have a material impact on its financial statements.
Fair Value Measurements	The fair value hierarchy under ASC 820 prioritizes the inputs to valuation methodology used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The levels used for classifying investments are not necessarily an indication of the risk associated with investing in these securities. The three levels of the fair value hierarchy are as follows: • Level 1: Inputs to the valuation methodology that reflect unadjusted quoted prices available in active markets for identical assets or liabilities as of the reporting date. • Level 2: Inputs to the valuation methodology other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date. • Level 3: Inputs to the valuation methodology are unobservable and significant to overall fair value measurement.

Fees, Expenses, Agreements an_2

Fees, Expenses, Agreements and Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The following table presents a summary of Expense Payments and the related Reimbursement Payments since the Company's commencement of operations: For the Quarter Ended Expense Payments by Adviser Reimbursement Payments to Adviser Unreimbursed Expense Payments June 30, 2024 (1) 2,678 — 2,678 Total $ 2,678 $ — $ 2,678

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Schedule of Investments [Abstract]
Schedule of Investments	The composition of the Company’s investment portfolio at cost and fair value was as follows: June 30, 2024 Amortized Cost Fair Value % of Total First lien debt $ 464,199 $ 465,602 92.52 % Second lien debt 1,279 1,286 0.26 Other secured debt 19,640 19,786 3.93 Unsecured debt 15,459 15,581 3.10 Equity investments 950 972 0.19 Total $ 501,527 $ 503,227 100.00 % The industry composition of investments at fair value was as follows: June 30, 2024 Fair Value Percentage of Total Investments at Fair Value Industrial Support Services $ 61,799 12.29 % General Industrials 46,666 9.27 Aerospace and Defense 43,823 8.71 Retailers 43,143 8.57 Media 42,923 8.53 Medical Equipment and Services 37,207 7.39 Software and Computer Services 36,558 7.26 Travel and Leisure 32,304 6.42 Chemicals 23,616 4.69 Consumer Services 22,276 4.43 Asset Based Lending and Fund Finance 21,186 4.21 Telecommunications Equipment 19,626 3.90 Industrial Transportation 18,227 3.62 Electricity 10,077 2.00 Health Care Providers 9,954 1.98 Construction and Materials 9,601 1.91 Pharmaceuticals and Biotechnology 4,989 0.99 Automobiles and Parts 4,791 0.95 Investment Banking and Brokerage Services 4,017 0.80 Technology Hardware and Equipment 2,871 0.57 Finance and Credit Services 2,754 0.55 Industrial Engineering 2,500 0.50 Household Goods and Home Construction 2,319 0.46 Total $ 503,227 100.00 % The geographic composition of investments at cost and fair value was as follows: June 30, 2024 Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets Austria $ 34,719 $ 34,738 6.90 % 8.58 % Taiwan 2,842 2,872 0.57 0.71 United Kingdom 7,718 7,890 1.57 1.95 United States 456,248 457,727 90.96 113.02 Total $ 501,527 $ 503,227 100.00 % 124.26 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Portfolio Investments by Level in the Fair Value Hierarchy	The following table presents the fair value hierarchy of investments and cash equivalents: June 30, 2024 Level 1 Level 2 Level 3 Total First lien debt $ — $ 124,096 $ 341,506 $ 465,602 Second lien debt — — 1,286 1,286 Other secured debt — — 19,786 19,786 Unsecured debt — — 15,581 15,581 Equity investments — — 972 972 Total Investments $ — $ 124,096 $ 379,131 $ 503,227 Cash equivalents $ 5,838 $ — $ — $ 5,838
Schedule of Changes in Level 3 Portfolio Investments	The following table presents change in the fair value of investments for which Level 3 inputs were used to determine fair value: Three Months Ended June 30, 2024 First Lien Second Lien Debt Other Secured Debt Unsecured Debt Equity Investments Total Investments Fair value, beginning of period $ — $ — $ — $ — $ — $ — Purchases of investments (1) 346,791 1,275 19,600 15,440 950 384,056 Proceeds from principal repayments and sales of investments (7,863) — — — — (7,863) Accretion of discount/amortization of premium 867 3 40 19 — 929 Net realized gain (loss) 2 — — — — 2 Net change in unrealized appreciation (depreciation) 1,709 8 146 122 22 2,007 Transfers into Level 3 (2) — — — — — — Transfers out of Level 3 (2) — — — — — — Fair value, end of period $ 341,506 $ 1,286 $ 19,786 $ 15,581 $ 972 $ 379,131 Net change in unrealized appreciation (depreciation) related to financial instruments still held as of June 30, 2024 $ 1,709 $ 8 $ 146 $ 122 $ 22 $ 2,007 (1) Purchases include PIK interest, if applicable. (2) Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended June 30, 2024, there were no transfers into or out of Level 3.
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Company’s determination of fair value. June 30, 2024 Range Fair Value (1) Valuation Unobservable Low High Weighted Average (2) Investments in first lien debt $ 240,630 Yield analysis Discount rate 10.43 % 29.16 % 13.22 % Investments in second lien debt $ 1,286 Yield analysis Discount rate 16.85 % 16.85 % 16.85 % Investments in other secured debt $ 19,786 Yield analysis Discount rate 12.31 % 12.31 % 12.31 % Investments in unsecured debt $ 15,581 Yield analysis Discount rate 14.26 % 14.26 % 14.26 % Investments in preferred equity $ 972 Yield analysis Discount rate 13.77 % 13.77 % 13.77 % (1) As of June 30, 2024 , included within the fair value of Level 3 assets of $379,131 is an amount of $100,876 fo r which the Adviser did not develop the unobservable inputs (examples include third-party pricing and transaction prices). (2) Weighted averages are calculated based on fair value of investments.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following tables summarize the aggregate notional amount and fair value of the Company’s derivative financial instruments as of June 30, 2024. June 30, 2024 Level 1 Level 2 Level 3 Total Fair Value Notional Derivative Assets Foreign currency forward contracts $ — $ 576 $ — $ 576 $ 53,760 Total derivative assets, at fair value $ — $ 576 $ — $ 576 $ 53,760
Schedule of Derivatives Not Designated as Hedging Instruments	The effect of transactions in derivative instruments on the Statements of Operations during the three and six months ended June 30, 2024 were as follows: Three Months Ended Six Months Ended Net change in unrealized gain (loss) on foreign currency forward contracts $ 576 $ 576 Realized gain (loss) on foreign currency forward contracts $ 35 $ 35
Schedule of Offsetting Assets	The following table presents both gross and net information about derivative instruments eligible for offset in the Statements of Assets and Liabilities as of June 30, 2024. June 30, 2024 Counterparty Account in the Statements of Asset and Liabilities Gross Amount of Assets Gross Amount of (Liabilities) Net amounts presented in the Statements of Assets and Liabilities Collateral Received/Pledged (1) Net Amounts (2) SMBC Capital Markets, Inc. Derivative assets, at fair value $ 576 $ — $ 576 $ — $ 576 (1) Amount excludes excess cash collateral paid. (2) Net amount represents the net amount due (to) from counterparty in the event of a default based on the contractual setoff rights under the agreement. Net amount excludes any over-collateralized amounts, if applicable.
Schedule of Offsetting Liabilities	The following table presents both gross and net information about derivative instruments eligible for offset in the Statements of Assets and Liabilities as of June 30, 2024. June 30, 2024 Counterparty Account in the Statements of Asset and Liabilities Gross Amount of Assets Gross Amount of (Liabilities) Net amounts presented in the Statements of Assets and Liabilities Collateral Received/Pledged (1) Net Amounts (2) SMBC Capital Markets, Inc. Derivative assets, at fair value $ 576 $ — $ 576 $ — $ 576 (1) Amount excludes excess cash collateral paid. (2) Net amount represents the net amount due (to) from counterparty in the event of a default based on the contractual setoff rights under the agreement. Net amount excludes any over-collateralized amounts, if applicable.

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Outstanding Debt Obligations	The Company’s outstanding debt obligations were as follows: June 30, 2024 Aggregate Outstanding Carrying Unused Portion (1) Amount Available (2) Revolving Credit Facility $ 575,000 $ 36,700 $ 36,700 $ 538,300 $ 270,615 Total $ 575,000 $ 36,700 $ 36,700 $ 538,300 $ 270,615 (1) The unused portion is the amount upon which commitment fees, if any, are based. (2) The amount available reflects a ny limitations related to the Revolving Credit Facility’s borrowing base.
Schedule of Components of Interest Expense	The components of interest expense were as follows: Three Months Ended June 30, 2024 Six Months Ended Borrowing interest expense $ 943 $ 943 Facility unused fees 440 440 Amortization of financing costs 176 176 Financing fees (Note 8) 5,104 5,104 Backstop fees (Note 8) 532 532 Total interest expense $ 7,195 $ 7,195 Cash paid for interest expense $ 6,660 $ 6,660

Net Assets (Tables)

Net Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Investment Company [Abstract]
Schedule of Transactions in Common Shares	The following table summarizes transactions in Common Shares of beneficial interest during the three and six months ended June 30, 2024 : Shares Amount Share transactions: Subscriptions 15,601,368 $ 394,928 Distributions reinvested — — Share repurchases — — Early repurchase deduction — — Total net increase (decrease) 15,601,368 $ 394,928
Schedule of Net Asset Value Per Share	The following table summarizes each month-end NAV per share for Common Shares of beneficial interest during the three and six months ended June 30, 2024 : For the Months Ended NAV Per Share April 30, 2024 $ 25.63 May 31, 2024 $ 25.83 June 30, 2024 $ 25.96
Schedule of Distributions Declared	The following table presents distributions that were declared during the three and six months ended June 30, 2024: Declaration Date Record Date Payment Date Distribution Per Share Distribution Amount April 30, 2024 April 30, 2024 July 31, 2024 $ 0.1000 $ 883 May 29, 2024 May 31, 2024 July 31, 2024 0.1310 1,634 June 26, 2024 June 30, 2024 July 31, 2024 0.1320 2,059 Total $ 0.3630 $ 4,576
Schedule of Cash Distribution For Declaration of Common Shares	The following table reflects the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its Common Shares during the six months ended June 30, 2024: Source of Distribution Per Share Amount Net investment income $ 0.3630 $ 4,576 Net realized gains — — Total $ 0.3630 $ 4,576

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Jun. 30, 2024
Investment Company [Abstract]
Schedule of Financial Highlights of Investment Company	The following are the financial highlights for the six months ended June 30, 2024: Six Months Ended June 30, 2024 Per Share Data: Net asset value, beginning of period $ 25.00 Net investment income (1) 0.96 Net unrealized and realized gain (loss) (2) 0.36 Net increase (decrease) in net assets resulting from operations 1.32 Distributions from net investment income (3) (0.36) Distributions from net realized gains (3) — Net increase (decrease) in net assets from shareholders' distributions (0.36) Total increase (decrease) in net assets 0.96 Net asset value, end of period $ 25.96 Shares outstanding, end of period 15,601,468 Total return based on NAV (4) 5.29 % Ratios: Ratio of net expenses to average net assets (5) 4.28 % Ratio of net investment income to average net assets (5) 14.70 % Portfolio turnover rate 2.48 % Supplemental Data: Net assets, end of period $ 404,976 Asset coverage ratio 1,203.5 % (1) The per share data was derived by using the weighted average shares outstanding during the period. (2) The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions. (3) The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9). (4) Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested in accordance with the Company's dividend reinvestment plan) divided by the beginning NAV per share. Total return does not include upfront transaction fee, if any. (5) For the six months ended June 30, 2024, amounts are annualized except for expenses incurred prior to the Initial Closing, capital gains incentive fee, and net income from the Warehousing Transactions. For the six months ended June 30, 2024, the ratio of total Operating Expenses to average net assets was 9.70% on an annualized basis, excluding the effect of expense support/(recoupment), shareholder servicing and/or distribution fees waiver, and management fee and income based incentive fee waivers by the Adviser which represented 5.42% of average net assets.

Organization (Details)

Organization (Details) $ / shares in Units, $ in Thousands		6 Months Ended
	Apr. 08, 2024 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) $ / shares	Dec. 31, 2023 $ / shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Acquisition qualifying assets represent percentage		0.70
Sale of stock, price per share (in dollars per share) | $ / shares	$ 25	$ 25
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01
Investment, minimum threshold warehousing financing required to be eligible for purchase | $	$ 200,000
Proceeds from issuance of common stock | $	$ 220,700	$ 394,928
Number of shares issued and sold (in shares) | shares	8,827,880

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Accounting Policies [Abstract]
Interest income	$ 400,000	$ 400,000
Dividend income, operating	$ 0	$ 0

Fees, Expenses, Agreements an_3

Fees, Expenses, Agreements and Related Party Transactions - Additional Information (Details)		3 Months Ended	6 Months Ended
	Jan. 09, 2024 component	Jun. 30, 2024 USD ($) component	Jun. 30, 2024 USD ($) component
Related Party Transaction [Line Items]
Management fees		$ 910,000	$ 910,000
Income based incentive fee		1,339,000	1,339,000
Incentive fee payable		0	0
Capital gains incentive fee		371,000	371,000
Administrative service expenses (Note 3)		343,000	343,000
Shareholder servicing and/or distribution fees		185,000	185,000
Reimbursement Payments to Adviser			0
Related party
Related Party Transaction [Line Items]
Shareholder servicing and/or distribution fees		200,000	$ 200,000
Investment Advisory Agreement | Related party
Related Party Transaction [Line Items]
Number of components | component	2
Management fee base rate (as percent)	1.25%
Incentive advisory agreement term			6 months
Base Management Fee
Related Party Transaction [Line Items]
Management fees		900,000	$ 900,000
Management fee payable		$ 0	$ 0
Incentive Fee | Related party
Related Party Transaction [Line Items]
Number of components | component		2	2
Incentive Rate, Quarterly Hurdle Rate | Related party
Related Party Transaction [Line Items]
Incentive rate (as percent)			1.50%
Incentive Rate, Annualized Hurdle Rate | Related party
Related Party Transaction [Line Items]
Incentive rate (as percent)			6%
Incentive Rate, Pre-Incentive Fee Net Investment Income Below Catch-Up Threshold | Related party
Related Party Transaction [Line Items]
Incentive rate (as percent)			100%
Incentive Rate, Quarterly Catch-Up Threshold | Related party
Related Party Transaction [Line Items]
Incentive rate (as percent)			1.76%
Incentive Rate, Annualized Catch-Up Threshold | Related party
Related Party Transaction [Line Items]
Incentive rate (as percent)			7.06%
Incentive Rate, Pre-Incentive Fee Net Investment Income Exceeds Catch-Up Threshold | Related party
Related Party Transaction [Line Items]
Incentive rate (as percent)			15%
Incentive Rate, Realized Capital Gains | Related party
Related Party Transaction [Line Items]
Incentive rate (as percent)			15%
Actual Capital Gains | Related party
Related Party Transaction [Line Items]
Incentive rate (as percent)			15%
Investment Advisory Agreement and Administration Agreement
Related Party Transaction [Line Items]
Period to terminate without penalty			60 days
Investment Advisory Agreement and Administration Agreement | Related party
Related Party Transaction [Line Items]
Incentive advisory agreement term			2 years
Managing Dealer Agreement
Related Party Transaction [Line Items]
Period to terminate without penalty			60 days
Managing Dealer Agreement | Related party
Related Party Transaction [Line Items]
Management and service fees, rate (as percent)			0.25%
Expense Support and Conditional Reimbursement Agreement | Related party
Related Party Transaction [Line Items]
Period to terminate without penalty			45 days

Related Party Disclosures - Rel

Related Party Disclosures - Related Party Transactions (Details) - USD ($)		3 Months Ended	6 Months Ended
	Apr. 08, 2024	Jun. 30, 2024	Jun. 30, 2024
Related Party Transaction [Line Items]
Expense Payments by Adviser		$ (1,608,000)	$ (1,999,000)
Reimbursement Payments to Adviser			0
Unreimbursed Expense Payments		7,566,000	7,566,000
Expense Support Agreement | Related party
Related Party Transaction [Line Items]
Expense Payments by Adviser		2,678,000	2,678,000
Reimbursement Payments to Adviser		0	0
Unreimbursed Expense Payments		$ 2,678,000	$ 2,678,000
Expenses paid by adviser prior to breaking escrow	$ 700,000

Investments - Investment Portfo

Investments - Investment Portfolio at Cost and Fair Value (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Amortized Cost		$ 501,527
Fair Value		$ 503,227	$ 0
% of Total Investments at Fair Value		100%
First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	[1]	$ 464,199
Fair Value		$ 465,602
% of Total Investments at Fair Value		92.52%
Second Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	[1]	$ 1,279
Fair Value		$ 1,286
% of Total Investments at Fair Value		0.26%
Other Secured Debt
Schedule of Investments [Line Items]
Amortized Cost	[1]	$ 19,640
Fair Value		$ 19,786
% of Total Investments at Fair Value		3.93%
Unsecured Debt
Schedule of Investments [Line Items]
Amortized Cost	[1]	$ 15,459
Fair Value		$ 15,581
% of Total Investments at Fair Value		3.10%
Equity Investments
Schedule of Investments [Line Items]
Amortized Cost	[1]	$ 950
Fair Value		$ 972
% of Total Investments at Fair Value		0.19%
[1]The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").

Investments - Industry Composit

Investments - Industry Composition of Investments at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Fair Value	$ 503,227	$ 0
% of Total Investments at Fair Value	100%
Industrial Support Services
Schedule of Investments [Line Items]
Fair Value	$ 61,799
% of Total Investments at Fair Value	12.29%
General Industrials
Schedule of Investments [Line Items]
Fair Value	$ 46,666
% of Total Investments at Fair Value	9.27%
Aerospace and Defense
Schedule of Investments [Line Items]
Fair Value	$ 43,823
% of Total Investments at Fair Value	8.71%
Retailers
Schedule of Investments [Line Items]
Fair Value	$ 43,143
% of Total Investments at Fair Value	8.57%
Media
Schedule of Investments [Line Items]
Fair Value	$ 42,923
% of Total Investments at Fair Value	8.53%
Medical Equipment and Services
Schedule of Investments [Line Items]
Fair Value	$ 37,207
% of Total Investments at Fair Value	7.39%
Software and Computer Services
Schedule of Investments [Line Items]
Fair Value	$ 36,558
% of Total Investments at Fair Value	7.26%
Travel and Leisure
Schedule of Investments [Line Items]
Fair Value	$ 32,304
% of Total Investments at Fair Value	6.42%
Chemicals
Schedule of Investments [Line Items]
Fair Value	$ 23,616
% of Total Investments at Fair Value	4.69%
Consumer Services
Schedule of Investments [Line Items]
Fair Value	$ 22,276
% of Total Investments at Fair Value	4.43%
Asset Based Lending and Fund Finance
Schedule of Investments [Line Items]
Fair Value	$ 21,186
% of Total Investments at Fair Value	4.21%
Telecommunications Equipment
Schedule of Investments [Line Items]
Fair Value	$ 19,626
% of Total Investments at Fair Value	3.90%
Industrial Transportation
Schedule of Investments [Line Items]
Fair Value	$ 18,227
% of Total Investments at Fair Value	3.62%
Electricity
Schedule of Investments [Line Items]
Fair Value	$ 10,077
% of Total Investments at Fair Value	2%
Health Care Providers
Schedule of Investments [Line Items]
Fair Value	$ 9,954
% of Total Investments at Fair Value	1.98%
Construction and Materials
Schedule of Investments [Line Items]
Fair Value	$ 9,601
% of Total Investments at Fair Value	1.91%
Pharmaceuticals and Biotechnology
Schedule of Investments [Line Items]
Fair Value	$ 4,989
% of Total Investments at Fair Value	0.99%
Automobiles and Parts
Schedule of Investments [Line Items]
Fair Value	$ 4,791
% of Total Investments at Fair Value	0.95%
Investment Banking and Brokerage Services
Schedule of Investments [Line Items]
Fair Value	$ 4,017
% of Total Investments at Fair Value	0.80%
Technology Hardware and Equipment
Schedule of Investments [Line Items]
Fair Value	$ 2,871
% of Total Investments at Fair Value	0.57%
Finance and Credit Services
Schedule of Investments [Line Items]
Fair Value	$ 2,754
% of Total Investments at Fair Value	0.55%
Industrial Engineering
Schedule of Investments [Line Items]
Fair Value	$ 2,500
% of Total Investments at Fair Value	0.50%
Household Goods and Home Construction
Schedule of Investments [Line Items]
Fair Value	$ 2,319
% of Total Investments at Fair Value	0.46%

Investments - Geographic Compos

Investments - Geographic Composition of Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Amortized Cost	$ 501,527
Fair Value	$ 503,227	$ 0
% of Total Investments at Fair Value	100%
Percentage of assets	124.26%
Austria
Schedule of Investments [Line Items]
Amortized Cost	$ 34,719
Fair Value	$ 34,738
% of Total Investments at Fair Value	6.90%
Percentage of assets	8.58%
Taiwan
Schedule of Investments [Line Items]
Amortized Cost	$ 2,842
Fair Value	$ 2,872
% of Total Investments at Fair Value	0.57%
Percentage of assets	0.71%
United Kingdom
Schedule of Investments [Line Items]
Amortized Cost	$ 7,718
Fair Value	$ 7,890
% of Total Investments at Fair Value	1.57%
Percentage of assets	1.95%
United States
Schedule of Investments [Line Items]
Amortized Cost	$ 456,248
Fair Value	$ 457,727
% of Total Investments at Fair Value	90.96%
Percentage of assets	113.02%

Investments - Additional Inform

Investments - Additional Information (Details)	Jun. 30, 2024 investment
Schedule of Investments [Abstract]
Number of non-accrual investments	0
Percent of investments bearing interest at floating rate	93.40%
Percent of investments bearing interest at fixed rate	6.60%

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value Levels (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 503,227	$ 0
Cash equivalents	5,838
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	5,838
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
Total Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	503,227
Total Investments | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Total Investments | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	124,096
Total Investments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	379,131
First Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	465,602
First Lien Debt | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
First Lien Debt | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	124,096
First Lien Debt | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	341,506
Second Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,286
Second Lien Debt | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Second Lien Debt | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Second Lien Debt | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,286
Other Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	19,786
Other Secured Debt | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Other Secured Debt | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Other Secured Debt | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	19,786
Unsecured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	15,581
Unsecured Debt | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Unsecured Debt | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Unsecured Debt | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	15,581
Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	972
Equity Investments | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Equity Investments | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Equity Investments | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 972

Fair Value Measurements - Chang

Fair Value Measurements - Changes in Level 3 Portfolio (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2024 USD ($)
Total Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 0
Purchases of investments	384,056
Proceeds from principal repayments and sales of investments	(7,863)
Transfers into Level 3	0
Transfers out of Level 3	0
Net change in unrealized appreciation (depreciation) related to financial instruments still held	2,007
Total Investments | Accretion of discount/amortization of premium
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	929
Total Investments | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	2
Total Investments | Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	2,007
First Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0
Purchases of investments	346,791
Proceeds from principal repayments and sales of investments	(7,863)
Transfers into Level 3	0
Transfers out of Level 3	0
Ending balance	341,506
Net change in unrealized appreciation (depreciation) related to financial instruments still held	1,709
First Lien Debt | Accretion of discount/amortization of premium
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	867
First Lien Debt | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	2
First Lien Debt | Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	1,709
Second Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0
Purchases of investments	1,275
Proceeds from principal repayments and sales of investments	0
Transfers into Level 3	0
Transfers out of Level 3	0
Ending balance	1,286
Net change in unrealized appreciation (depreciation) related to financial instruments still held	8
Second Lien Debt | Accretion of discount/amortization of premium
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	3
Second Lien Debt | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	0
Second Lien Debt | Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	8
Other Secured Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0
Purchases of investments	19,600
Proceeds from principal repayments and sales of investments	0
Transfers into Level 3	0
Transfers out of Level 3	0
Ending balance	19,786
Net change in unrealized appreciation (depreciation) related to financial instruments still held	146
Other Secured Debt | Accretion of discount/amortization of premium
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	40
Other Secured Debt | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	0
Other Secured Debt | Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	146
Unsecured Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0
Purchases of investments	15,440
Proceeds from principal repayments and sales of investments	0
Transfers into Level 3	0
Transfers out of Level 3	0
Ending balance	15,581
Net change in unrealized appreciation (depreciation) related to financial instruments still held	122
Unsecured Debt | Accretion of discount/amortization of premium
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	19
Unsecured Debt | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	0
Unsecured Debt | Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	122
Equity Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	0
Purchases of investments	950
Proceeds from principal repayments and sales of investments	0
Transfers into Level 3	0
Transfers out of Level 3	0
Ending balance	972
Net change in unrealized appreciation (depreciation) related to financial instruments still held	22
Equity Investments | Accretion of discount/amortization of premium
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	0
Equity Investments | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	0
Equity Investments | Net change in unrealized appreciation (depreciation)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Gain (loss) included in earnings	$ 22

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable Inputs (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 503,227	$ 0
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Amount excluded from measurement input	100,876
First Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	465,602
First Lien Debt | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	341,506
First Lien Debt | Valuation, Market Approach | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 240,630
First Lien Debt | Valuation, Market Approach | Minimum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1043
First Lien Debt | Valuation, Market Approach | Maximum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.2916
First Lien Debt | Valuation, Market Approach | Weighted Average | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1322
Second Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,286
Second Lien Debt | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	1,286
Second Lien Debt | Valuation, Market Approach | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,286
Second Lien Debt | Valuation, Market Approach | Minimum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1685
Second Lien Debt | Valuation, Market Approach | Maximum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1685
Second Lien Debt | Valuation, Market Approach | Weighted Average | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1685
Other Secured Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 19,786
Other Secured Debt | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	19,786
Other Secured Debt | Valuation, Market Approach | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 19,786
Other Secured Debt | Valuation, Market Approach | Minimum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1231
Other Secured Debt | Valuation, Market Approach | Maximum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1231
Other Secured Debt | Valuation, Market Approach | Weighted Average | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1231
Unsecured Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 15,581
Unsecured Debt | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	15,581
Unsecured Debt | Valuation, Market Approach | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 15,581
Unsecured Debt | Valuation, Market Approach | Minimum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1426
Unsecured Debt | Valuation, Market Approach | Maximum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1426
Unsecured Debt | Valuation, Market Approach | Weighted Average | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1426
Preferred equity | Valuation, Market Approach | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 972
Preferred equity | Valuation, Market Approach | Minimum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1377
Preferred equity | Valuation, Market Approach | Maximum | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1377
Preferred equity | Valuation, Market Approach | Weighted Average | Discount rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1377
Non-advisor developed | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 379,131

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)
Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Average notional amount	$ 47.2

Derivative Instruments - Notion

Derivative Instruments - Notional Amount and Fair Value of Derivative Financial Instruments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Derivative Assets
Total derivative assets, at fair value	$ 576
Currency Sold	53,760
Level 1
Derivative Assets
Total derivative assets, at fair value	0
Level 2
Derivative Assets
Total derivative assets, at fair value	576
Level 3
Derivative Assets
Total derivative assets, at fair value	0
Foreign currency forward contracts
Derivative Assets
Total derivative assets, at fair value	576
Currency Sold	53,760
Foreign currency forward contracts | Level 1
Derivative Assets
Total derivative assets, at fair value	0
Foreign currency forward contracts | Level 2
Derivative Assets
Total derivative assets, at fair value	576
Foreign currency forward contracts | Level 3
Derivative Assets
Total derivative assets, at fair value	$ 0

Derivative Instruments - Not De

Derivative Instruments - Not Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Net change in unrealized gain (loss) on foreign currency forward contracts	$ 576	$ 576
Realized gain (loss) on foreign currency forward contracts	$ 35	$ 35

Derivative Instruments - Deriva

Derivative Instruments - Derivate Instruments in Statement of Financial Position (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivative Assets
Gross Amount of Assets	$ 576
Gross Amount of (Liabilities)	(576)
Net amounts presented in the Statements of Assets and Liabilities	576	$ 0
Interest Rate Swap | SMBC Capital Markets, Inc.
Derivative Assets
Gross Amount of Assets	576
Gross Amount of (Liabilities)	0
Net amounts presented in the Statements of Assets and Liabilities	576
Collateral Received/Pledged	0
Net Amounts	$ 576

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended
	Apr. 08, 2024	Jun. 30, 2024	May 01, 2024	Apr. 30, 2024
Debt Instrument [Line Items]
Asset coverage ratio (as a percent)		1,203.50%
Accrued interest expense		$ 100
Accrued unused commitment fee		$ 400
Weighted average interest rate on borrowings		9.50%
Average principal debt outstanding		$ 51,400
Senior Secured Revolving Credit Facility | Line of credit
Debt Instrument [Line Items]
Unused capacity commitment fee percentage	0.375%
Line of credit maximum borrowing capacity		$ 575,000	$ 575,000	$ 500,000
Accordion feature, higher borrowing capacity option			1,000,000
Senior Secured Revolving Credit Facility | Line of credit | Bridge loan
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity			$ 150,000
Minimum | Senior Secured Revolving Credit Facility | Line of credit
Debt Instrument [Line Items]
Basis spread on foreign currency borrowings (as percent)	1.75%
Minimum | Senior Secured Revolving Credit Facility | Line of credit | Alternate Base Rate (ABR)
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)	0.75%
Minimum | Senior Secured Revolving Credit Facility | Line of credit | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)	1.75%
Maximum | Senior Secured Revolving Credit Facility | Line of credit
Debt Instrument [Line Items]
Basis spread on foreign currency borrowings (as percent)	1.875%
Maximum | Senior Secured Revolving Credit Facility | Line of credit | Alternate Base Rate (ABR)
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)	0.875%
Maximum | Senior Secured Revolving Credit Facility | Line of credit | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate (as percent)	1.875%

Borrowings - Outstanding Debt O

Borrowings - Outstanding Debt Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2024	May 01, 2024	Apr. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total	$ 575,000
Total	36,700
Total	36,700			$ 0
Unused Portion	538,300
Amount Available	270,615
Revolving Credit Facility | Line of credit
Debt Instrument [Line Items]
Aggregate Principal Committed	575,000	$ 575,000	$ 500,000
Outstanding Principal	36,700
Carrying Value	36,700
Unused Portion	538,300
Amount Available	$ 270,615

Borrowings - Interest Expense (

Borrowings - Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowing interest expense	$ 943	$ 943
Facility unused fees	440	440
Amortization of financing costs	176	176
Financing fees (Note 8)	5,104	5,104
Backstop fees (Note 8)	532	532
Total interest expense	7,195	7,195
Cash paid for interest expense	$ 6,660	$ 6,660

Commitment and Contingencies (D

Commitment and Contingencies (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($) guarantor	Jun. 30, 2024 USD ($) guarantor	Apr. 08, 2024 USD ($)	Mar. 06, 2024 USD ($)	Oct. 02, 2023 guarantor entity	Sep. 12, 2023 USD ($)
Other Commitments [Line Items]
Unfunded Commitment	$ 17,189,000	$ 17,189,000
Reimbursement Payments to Adviser		0
Investment, minimum threshold warehousing financing required to be eligible for purchase			$ 200,000,000
Financing fees	$ 5,104,000	$ 5,104,000
Number of non-affiliated entities | entity					2
Number of non-affiliated guarantors | guarantor	2	2			2
Backstop fees	$ 532,000	$ 532,000
Financing fee, percentage		0.0150
Minimum
Other Commitments [Line Items]
Investment, financing fee, rate						3.10%
Maximum
Other Commitments [Line Items]
Investment, financing fee, rate						3.40%
Macquarie Bank Limited and Affilates
Other Commitments [Line Items]
Investment, minimum threshold warehousing financing required to be eligible for purchase						$ 200,000,000
Warehousing Transactions, Investment Principal	242,400,000	$ 242,400,000
Funded commitment	11,000,000	11,000,000
Cliffwater LLC
Other Commitments [Line Items]
Investment, minimum threshold warehousing financing required to be eligible for purchase				$ 200,000,000
Warehousing Transactions, Investment Principal	135,100,000	135,100,000
Funded commitment	$ 4,700,000	$ 4,700,000

Net Assets - Additional Informa

Net Assets - Additional Information (Details) $ / shares in Units, $ in Millions			3 Months Ended	6 Months Ended
	Apr. 08, 2024 USD ($) $ / shares shares	Dec. 18, 2023 $ / shares shares	Jun. 30, 2024 $ / shares shares	Jun. 30, 2024 USD ($) $ / shares shares	Dec. 31, 2023 $ / shares
Investment Company, Changes in Net Assets [Line Items]
Common stock, par value (in dollars per share) | $ / shares	$ 0.01		$ 0.01	$ 0.01	$ 0.01
Number of shares issued and sold (in shares) | shares	8,827,880
Sale of stock, price per share (in dollars per share) | $ / shares	$ 25		$ 25	$ 25
Consideration received on transaction | $	$ 220.7
Repayment period				3 years
Stock repurchase program, authorized percent, quarterly				0.05
Early repurchase deduction				98%
Stock repurchase program, holding period				1 year
Share repurchases (in shares) | shares			0	0
Related party
Investment Company, Changes in Net Assets [Line Items]
Consideration received on transaction | $				$ 5
HPS Investment Partners, LLC
Investment Company, Changes in Net Assets [Line Items]
Number of shares issued and sold (in shares) | shares		100
Sale of stock, price per share (in dollars per share) | $ / shares		$ 25

Net Assets - Summary of Transac

Net Assets - Summary of Transactions in Common Shares of Beneficial Interest (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Investment Company [Abstract]
Subscriptions (in shares)	15,601,368	15,601,368
Subscriptions	$ 394,928,000	$ 394,928,000
Distributions reinvested (in shares)	0	0
Distributions reinvested	$ 0	$ 0
Share repurchases (in shares)	0	0
Share repurchases	$ 0	$ 0
Early repurchase deduction (in shares)	0	0
Early repurchase deduction	$ 0	$ 0
Total net increase (decrease) (in shares)	15,601,368	15,601,368
Total net increase (decrease)	$ 394,928,000	$ 394,928,000

Net Assets - Net Asset Value pe

Net Assets - Net Asset Value per Share and Offering Price (Details) - $ / shares	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Dec. 31, 2023
Investment Company [Abstract]
Net asset value per share (in dollars per share)	$ 25.96	$ 25.83	$ 25.63	$ 25

Net Assets - Distributions Decl

Net Assets - Distributions Declared (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended	6 Months Ended
	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Jun. 30, 2024	Jun. 30, 2024
Investment Company [Abstract]
Distribution Per Share (in dollars per share)	$ 0.1320	$ 0.1310	$ 0.1000		$ 0.3630
Distribution Amount	$ 2,059	$ 1,634	$ 883	$ 4,576	$ 4,576

Net Assets - Sources of Cash Di

Net Assets - Sources of Cash Distribution For Declaration (Details) - USD ($) $ / shares in Units, $ in Thousands				3 Months Ended	6 Months Ended
	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Jun. 30, 2024	Jun. 30, 2024
Investment Company [Abstract]
Net investment income (in dollars per share)					$ 0.3630
Net realized gains (in dollars per share)					0
Distribution amount (in dollars per share)	$ 0.1320	$ 0.1310	$ 0.1000		$ 0.3630
Net investment income					$ 4,576
Net realized gains					0
Total	$ 2,059	$ 1,634	$ 883	$ 4,576	$ 4,576

Financial Highlights (Details)

Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands				6 Months Ended
	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023
Investment Company, Financial Highlights [Roll Forward]
Net value asset, beginning balance (in dollars per share)				$ 25
Net investment income (in dollars per share)				0.96
Net unrealized and realized gain (loss) (in dollars per share)				0.36
Net increase (decrease) in net assets resulting from operations (in dollars per share)				1.32
Net investment income (in dollars per share)				(0.3630)
Net realized gains (in dollars per share)				0
Net increase (decrease) in net assets from shareholders' distributions (in dollars per share)	$ (0.1320)	$ (0.1310)	$ (0.1000)	(0.3630)
Total increase (decrease) in net assets (in dollars per share)				0.96
Net value asset, ending balance (in dollars per share)	$ 25.96	$ 25.83	$ 25.63	$ 25.96
Shares outstanding, end of period (in shares)	15,601,468			15,601,468		100
Total return based on NAV (as a percent)				5.29%
Ratios:
Ratio of net expenses to average net assets (as a percent)				4.28%
Ratio of net investment income to average net assets (as a percent)				14.70%
Portfolio turnover rate (as a percent)				2.48%
Supplemental Data:
Net assets, end of period	$ 404,976			$ 404,976	$ 3	$ 3
Asset coverage ratio (as a percent)	1,203.50%			1,203.50%
Ratio of operating expenses to average net assets (as a percent)				9.70%
Ratio of incentive allocation to average net assets (as a percent)				5.42%
Common equity
Supplemental Data:
Net assets, end of period	$ 404,976			$ 404,976

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands								6 Months Ended
	Aug. 01, 2024	Jul. 30, 2024	Jul. 01, 2024	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Apr. 08, 2024	Jun. 30, 2024
Subsequent Event [Line Items]
Proceeds from issuance of common stock							$ 220,700	$ 394,928
Declared net distributions (in dollars per share)				$ 0.1320	$ 0.1310	$ 0.1000		$ 0.3630
Subsequent event
Subsequent Event [Line Items]
Proceeds from issuance of common stock	$ 45,000		$ 70,000
Declared net distributions (in dollars per share)		$ 0.1320