Net Assets

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Net Assets

Net Assets

As of June 30, 2023 and December 31, 2022, the Company had 11,449,456 and 2,000,000, respectively, of Class I shares issued and outstanding with a par value of $0.01 per share.

The following table summarizes capital activity during the three months ended June 30, 2023:

	Common Shares
	Shares	Amount		Capital in Excess of Par Value		Accumulated Net Investment Income (Loss)		Accumulated Net Realized Gain (Loss)		Accumulated Net Unrealized Appreciation (Depreciation)		Total Net Assets
Balance, beginning of period	2,000,000	$	20	$	49,980	$	1,276	$	19	$	(493)	$	50,802
Common shares issued	9,449,456	94		248,732		—		—		—		248,826
Dividend reinvestment	—	—		—		—		—		—		—
Net investment income (loss)	—	—		—		1,129		—		—		1,129
Net realized gain (loss)	—	—		—		—		11		—		11
Net change in unrealized appreciation (depreciation) on investments	—	—		—		—		—		723		723
Dividends declared	—	—		—		—		—		—		—
Balance end of period	11,449,456	$	114	$	298,712	$	2,405	$	30	$	230	$	301,491

The following table summarizes capital activity during the six months ended June 30, 2023:

	Common Shares
	Shares	Amount		Capital in Excess of Par Value		Accumulated Net Investment Income (Loss)		Accumulated Net Realized Gain (Loss)		Accumulated Net Unrealized Appreciation (Depreciation)		Total Net Assets
Balance, beginning of period	2,000,000	$	20	$	49,980	$	175	$	8	$	(488)	$	49,695
Common shares issued	9,449,456	94		248,732		—		—		—		248,826
Dividend reinvestment	—	—		—		—		—		—		—
Net investment income (loss)	—	—		—		2,230		—		—		2,230
Net realized gain (loss)	—	—		—		—		22		—		22
Net change in unrealized appreciation (depreciation) on investments	—	—		—		—		—		718		718
Dividends declared	—	—		—		—		—		—		—
Balance end of period	11,449,456	$	114	$	298,712	$	2,405	$	30	$	230	$	301,491

The following table summarizes total common shares issued and proceeds related to activity during the six months ended June 30, 2023;

	Shares Issued	Proceeds
June 30, 2023	9,449,456	$	248,826
Total	9,449,456	$	248,826

There were no distributions declared and there were no shares issued pursuant to the distribution reinvestment plan for the six months ended June 30, 2023.

As of the date of issuance of these financial statements, the Company had $633.8 million in total capital commitments from shareholders in connection with private placements of common shares, of which $335.0 million was unfunded.