XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated Statements of Assets and Liabilities - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets    
Investments, at fair value $ 2,244,701,289 [1] $ 1,040,393,586 [2],[3]
Cash and cash equivalents 221,222,080 41,078,437
Receivable for investments sold 22,267,609 7,996,181
Interest, dividends and fees receivable 14,713,952 6,523,832
Deferred debt issuance costs 5,936,159 4,147,931
Prepaid expenses and other assets 9,070,139 2,314,798
Total assets 2,517,911,228 1,102,454,765
Liabilities    
Debt (net of deferred issuance costs of $1,864,718 and $866,702, respectively) 834,215,865 389,133,298
Payable for investments purchased 65,091,915 43,346,561
Interest and debt related payables 14,992,092 4,009,503
Distribution payable 12,831,110 6,009,553
Incentive fees payable 4,430,296 3,978,275
Management fees payable 4,290,672 1,791,192
Reimbursements due to the Investment Adviser 140,296 1,125,355
Accrued capital gains incentive fees 0 498,552
Accrued expenses and other liabilities 3,186,235 1,370,802
Total liabilities 939,178,481 451,263,091
Commitments and contingencies (Note 5)
Composition of net assets applicable to common shareholders    
Common shares of beneficial interest, $0.001 par value; 65,915,332 and 26,269,689 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 65,914 26,269
Paid-in capital in excess of par 1,605,160,851 648,200,991
Distributable earnings (loss) (26,494,018) 2,964,414
Total net assets 1,578,732,747 651,191,674
Total liabilities and net assets $ 2,517,911,228 $ 1,102,454,765
Net assets per share $ 23.95 $ 24.79
NET ASSET VALUE PER SHARE    
Common stock, shares outstanding 65,915,332 26,269,689
Common stock, shares issued 65,915,332 26,269,689
Net asset value per share $ 23.95 $ 24.79
Class I Shares    
Composition of net assets applicable to common shareholders    
Net assets per share $ 23.95 $ 24.79
NET ASSET VALUE PER SHARE    
Net assets $ 1,461,960,470 $ 603,211,729
Common stock, shares outstanding 61,039,850 24,334,133
Common stock, shares issued 61,039,850 24,334,133
Net asset value per share $ 23.95 $ 24.79
Class S Shares    
Composition of net assets applicable to common shareholders    
Net assets per share $ 23.95 $ 24.79
NET ASSET VALUE PER SHARE    
Net assets $ 114,536,454 $ 44,822,335
Common stock, shares outstanding 4,782,132 1,808,175
Common stock, shares issued 4,782,132 1,808,175
Net asset value per share $ 23.95 $ 24.79
Class D Shares    
Composition of net assets applicable to common shareholders    
Net assets per share $ 23.95 $ 24.79
NET ASSET VALUE PER SHARE    
Net assets $ 2,235,823 $ 3,157,610
Common stock, shares outstanding 93,350 127,381
Common stock, shares issued 93,350 127,381
Net asset value per share $ 23.95 $ 24.79
Investment, Unaffiliated Issuer [Member]    
Assets    
Investments, at fair value $ 2,244,701,289 $ 1,040,393,586
[1] The Fund generally uses GICS codes to identify the industry groupings.
[2] As of December 31, 2024, the Fund generally uses GICS codes to identify the industry groupings.
[3] Debt investments include investments in bank debt that generally are bought and sold among institutional investors in transactions not subject to registration under the Securities Act of 1933 (the “Securities Act”). Such transactions are generally subject to contractual restrictions, such as approval of the agent or borrower.