Net Assets

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Net Assets

Net Assets

As of September 30, 2023 and December 31, 2022, the Company had 17,979,816 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 September 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	11,449,456	$	114	$	298,712	$	2,405	$	30	$	230	$	301,491
Common shares issued	6,530,360	66		179,434		—		—		—		179,500
Distribution reinvestment	—	—		—		—		—		—		—
Net investment income (loss)	—	—		—		12,292		—		—		12,292
Net realized gain (loss)	—	—		—		—		415		—		415
Net change in unrealized appreciation (depreciation) on investments	—	—		—		—		—		7,383		7,383
Distributions declared	—	—		—		(6,870)		—		—		(6,870)
Balance end of period	17,979,816	$	180	$	478,146	$	7,827	$	445	$	7,613	$	494,211

The following table summarizes capital activity during the nine months ended September 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	15,979,816	160		428,166		—		—		—		428,326
Distribution reinvestment	—	—		—		—		—		—		—
Net investment income (loss)	—	—		—		14,522		—		—		14,522
Net realized gain (loss)	—	—		—		—		437		—		437
Net change in unrealized appreciation (depreciation) on investments	—	—		—		—		—		8,101		8,101
Distributions declared	—	—		—		(6,870)		—		—		(6,870)
Balance end of period	17,979,816	$	180	$	478,146	$	7,827	$	445	$	7,613	$	494,211

Distributions are recorded on the record date. The following table summarizes distributions declared during the nine months ended September 30, 2023;

Date Declared	Record Date	Payment Date	Amount Per Share		Total Distributions
August 8, 2023	August 15, 2023	August 31, 2023	$	0.20	$	2,290
August 30, 2023	August 31, 2023	September 29, 2023	$	0.20	$	2,290
September 14, 2023	September 15, 2023	October 30, 2023	$	0.20	$	2,290
Total					$	6,870

The federal income tax characterization of distributions declared and paid for the fiscal year will be determined at fiscal year-end based based on the Company's investment company taxable income for the full fiscal year and distributions paid during the full year.

As of the date of issuance of these financial statements, the Company had $645.8 million in total capital commitments from shareholders in connection with private placements of common shares, of which $167.5 million was unfunded.