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Consolidated Statement of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment income      
Total investment income $ 163,457,982 $ 74,324,490 $ 34,238,323
Operating expenses      
Interest and other debt expenses 43,125,784 15,678,170 8,398,203
Incentive fees earned 13,692,577 6,276,956 3,332,075
Management fees 12,272,372 4,852,983 2,041,069
Amortization of continuous offering costs 2,539,429 0 0
Administrative expenses 1,468,248 1,076,464 1,289,972
Professional fees 1,349,031 798,480 658,223
Custody Fees 1,253,435 417,858 224,751
Director fees 284,593 315,451 271,500
Organizational expenses 161,704 0 0
Insurance expense 32,666 28,930 28,933
Incentive fees on capital gains [1] (498,552) 498,552 0
Other operating expenses 1,475,316 802,451 426,002
Total operating expenses 77,890,480 30,884,353 16,670,728
Expense Support (Note 3) (10,779,084) 0 0
Incentive fee waivers (1,347,386) 0 (3,332,075)
Management fee waivers 0 0 (2,041,069)
Net operating expenses 65,764,010 30,884,353 11,297,584
Net investment income before taxes 97,693,972 43,440,137 22,940,739
Excise tax expense 0 0 106,746
Net investment income 97,693,972 43,440,137 22,833,993
Realized and unrealized gain (loss) on investments and foreign currency      
Net realized gain (loss) (4,710,543) (1,431,808) 77,570
Net change in unrealized appreciation (depreciation) (15,488,576) 3,345,673 5,346,656
Net realized and unrealized gain (loss) (20,199,119) 1,913,865 5,424,226
Net increase (decrease) in net assets resulting from operations 77,494,853 45,354,002 28,258,219
Class S      
Operating expenses      
Distribution and servicing fees 725,009 136,105 0
Class D      
Operating expenses      
Distribution and servicing fees 8,868 1,953 0
Non-Controlled, Non-Affiliated Investments      
Investment income      
Interest income 160,771,247 73,019,203 33,655,119
PIK income 2,686,735 1,305,287 583,204
Realized and unrealized gain (loss) on investments and foreign currency      
Net realized gain (loss) (3,971,809) (1,431,808) 77,570
Net change in unrealized appreciation (depreciation) (15,776,725) 3,345,673 5,346,656
Foreign Currency Translation      
Realized and unrealized gain (loss) on investments and foreign currency      
Net realized gain (loss) (738,734) 0 0
Net change in unrealized appreciation (depreciation) $ 288,149 $ 0 $ 0
[1] Net investment income amounts displayed above are net of the accrual for incentive fees on capital gains which is reflected on a hypothetical liquidation basis in accordance with Generally Accepted Accounting Principles (“GAAP”) for the years ended December 31, 2025, 2024 and 2023 (see Note 3).