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NET ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Investment Company [Abstract]  
Schedule of Transactions in Common Shares
The following table presents transactions in common shares during the year ended December 31, 2024 (dollars in thousands except share amounts):
December 31, 2024
SharesAmount
CLASS S
Subscriptions588,317 $14,498 
Share transfers between classes(4,107)(101)
Distributions reinvested15,443 381 
Share repurchases, net of early repurchase deduction
— — 
Net increase (decrease)599,653 $14,778 
CLASS D
Subscriptions687,471 $16,976 
Share transfers between classes— — 
Distributions reinvested32,300 798 
Share repurchases, net of early repurchase deduction
(12,686)(314)
Net increase (decrease)707,085 $17,460 
CLASS I
Subscriptions16,956,717 $418,484 
Share transfers between classes4,104 101 
Distributions reinvested806,467 19,936 
Share repurchases, net of early repurchase deduction
(108,531)(2,672)
Net increase (decrease)17,658,757 $435,849 
The following table presents transactions in common shares during the For the year ended December 31, 2023 (dollars in thousands except share amounts):
December 31, 2023
SharesAmount
CLASS S
Subscriptions149,441 $3,671 
Share transfers between classes— — 
Distributions reinvested39710
Share repurchases, net of early repurchase deduction— — 
Net increase (decrease)149,838 $3,681 
CLASS D
Subscriptions106,881 $2,629 
Share transfers between classes— — 
Distributions reinvested3859
Share repurchases, net of early repurchase deduction— — 
Net increase (decrease)107,266 $2,638 
CLASS I
Subscriptions3,517,694 $86,550 
Share transfers between classes— — 
Distributions reinvested33,652 828 
Share repurchases, net of early repurchase deduction— — 
Net increase (decrease)3,551,346 $87,378 
The following table presents transactions in common shares during the year ended December 31, 2022 (dollars in thousands except share amounts):
December 31, 2022
SharesAmount
CLASS I
Subscriptions10,540,040 $263,501 
Share transfers between classes— — 
Distributions reinvested— — 
Share repurchases, net of early repurchase deduction— — 
Net increase (decrease)10,540,040 $263,501 
Schedule of Net Offering Price Per Share
The following table presents each month-end net offering price for Class S, Class D, and Class I common shares, which approximately equals their respective NAV per share, for the years ended December 31, 2024 and 2023:
Net Offering Price Per Share
For the Months Ended
Class S
Class D
Class I
January 31, 2023$—$—$24.70
February 28, 2023$—$—$24.70
March 31, 2023$—$—$24.65
April 30, 2023$—$—$24.68
May 31, 2023$—$—$24.66
June 30. 2023$—$—$24.63
July 31, 2023$—$—$24.60
August 31, 2023$—$—$24.56
September 30, 2023$—$—$24.61
October 31, 2023$24.58$24.59$24.60
November 30, 2023$24.59$24.60$24.60
December 31, 2023$24.69$24.73$24.73
January 31, 2024$24.71$24.73$24.74
February 29, 2024$24.72$24.75$24.75
March 31, 2024$24.58$24.61$24.62
April 30, 2024$24.59$24.63$24.63
May 31, 2024$24.60$24.64$24.65
June 30, 2024$24.64$24.68$24.69
July 31, 2024$24.67$24.71$24.71
August 31, 2024$24.70$24.74$24.75
September 30, 2024$24.70$24.74$24.75
October 31, 2024$24.71$24.76$24.77
November 30, 2024$24.73$24.78$24.79
December 31, 2024$24.74$24.79$24.80
Schedule of Fund Distributions and Cash Distributions Declared
The following table summarizes the Fund’s distributions declared from inception through December 31, 2024:
Class S
Declaration DateRecord DatePayment Date
Distribution per Share (1)
Distribution Amount
October 27, 2023October 31, 2023November 28, 2023$0.233$9
November 27, 2023November 30, 2023December 28, 2023$0.233$17
December 28, 2023December 31, 2023January 29, 2024$0.233$35
January 26, 2024January 31, 2024February 28, 2024$0.233$51
February 28, 2024February 29, 2024March 28, 2024$0.233$60
March 28, 2024March 31, 2024April 29, 2024$0.233$79
April 26, 2024April 30, 2024May 28, 2024$0.183$70
May 29, 2024May 31, 2024June 28, 2024$0.183$87
June 28, 2024June 30, 2024July 29, 2024$0.183$91
July 29, 2024July 31, 2024August 28, 2024$0.183$96
August 28, 2024August 31, 2024September 27, 2024$0.183$111
September 27, 2024September 30, 2024October 28, 2024$0.183$128
October 28, 2024October 31, 2024November 26, 2024$0.183$134
November 26, 2024November 30, 2024December 27, 2024$0.183$137
December 26, 2024December 31, 2024January 28, 2025
   $0.202 (2)
$151
Class D
Declaration DateRecord DatePayment Date
Distribution per Share (1)
Distribution Amount
October 27, 2023October 31, 2023November 28, 2023$0.245$2
November 27, 2023November 30, 2023December 28, 2023$0.245$11
December 28, 2023December 31, 2023January 29, 2024$0.245$26
January 26, 2024January 31, 2024February 28, 2024$0.245$39
February 28, 2024February 29, 2024March 28, 2024$0.245$59
March 28, 2024March 31, 2024April 29, 2024$0.245$89
April 26, 2024April 30, 2024May 28, 2024$0.195$90
May 29, 2024May 31, 2024June 28, 2024$0.195$105
June 28, 2024June 30, 2024July 29, 2024$0.195$112
July 29, 2024July 31, 2024August 28, 2024$0.195$127
August 28, 2024August 31, 2024September 27, 2024$0.195$140
September 27, 2024September 30, 2024October 28, 2024$0.195$149
October 28, 2024October 31, 2024November 26, 2024$0.195$151
November 26, 2024November 30, 2024December 27, 2024$0.195$157
December 26, 2024December 31, 2024January 28, 2025
    $0.215 (3)
$179
_____________
(1)Distributions are net of distribution and servicing fees.
(2)Comprised of $0.182 regular distribution and $0.020 supplemental distribution attributable to accrued net investment income.
(3)Comprised of $0.195 regular distribution and $0.020 supplemental distribution attributable to accrued net investment income.
Class I
Declaration DateRecord DatePayment Date
Distribution per Share
Distribution Amount
September 30, 2022September 30, 2022October 28, 2022
     $0.870 (1)
$9,170
October 31, 2022October 31, 2022November 28, 2022$0.180$1,897
November 30, 2022November 30, 2022December 28, 2022$0.190$2,003
December 31, 2022December 31, 2022January 28, 2023
     $0.295 (2)
$3,109
January 31, 2023January 31, 2023February 28, 2023$0.200$2,108
February 28, 2023February 28, 2023March 28, 2023$0.200$2,108
March 31, 2023March 31, 2023April 28, 2023$0.230$2,424
April 28, 2023April 30, 2023May 26, 2023$0.240$2,530
May 25, 2023May 31, 2023June 28, 2023$0.240$2,530
June 28, 2023June 30, 2023July 28, 2023$0.240$2,605
July 28, 2023July 31, 2023August 28, 2023
    $0.270 (3)
$3,081
August 23, 2023August 31, 2023September 28, 2023
    $0.270 (3)
$3,133
September 29, 2023September 30, 2023October 27, 2023$0.250$3,070
October 27, 2023October 31, 2023November 28, 2023$0.250$3,244
November 27, 2023November 30, 2023December 28, 2023$0.250$3,435
December 28, 2023December 31, 2023January 29, 2024$0.250$3,523
January 26, 2024January 31, 2024February 28, 2024$0.250$3,626
February 28, 2024February 29, 2024March 29, 2024$0.250$3,735
March 28, 2024March 31, 2024April 29, 2024$0.250$4,661
April 26, 2024April 30, 2024May 28, 2024$0.200$4,382
May 29, 2024May 31, 2024June 28, 2024$0.200$5,577
June 28, 2024June 30, 2024July 29, 2024$0.200$5,685
July 29, 2024July 31, 2024August 28, 2024$0.200$5,795
August 28, 2024August 31, 2024September 27, 2024$0.200$5,887
September 27, 2024September 30, 2024October 28, 2024$0.200$5,985
October 28, 2024October 31, 2024November 26, 2024$0.200$6,066
November 26, 2024November 30, 2024December 27, 2024$0.200$6,167
December 26, 2024December 31, 2024January 28, 2025
    $0.220 (4)
$7,000
_______________
(1)Represents monthly distribution of $0.140 per share for each of April 2022, May 2022 and June 2022, and monthly distribution of $0.150 per share for each of July 2022, August 2022 and September 2022.
(2)Comprised of $0.190 regular distribution and $0.105 supplemental distribution attributable to accrued net investment income.
(3)Comprised of $0.250 regular distribution and $0.020 special distribution attributable to accrued net investment income.
(4)Comprised of $0.200 regular distribution and $0.020 supplemental distribution attributable to accrued net investment income.
The following table reflects the source of cash distributions on a U.S. GAAP basis that the Fund has declared on its common shares for the for the year ended December 31, 2024:
Class S
Class D
Class I
Sources of DistributionPer ShareAmountPer ShareAmountPer ShareAmount
Net investment income$2.365$1,195$2.510$1,397$2.570$64,566
Net realized gains$—$—$—$—$—$—
Total$2.365$1,195$2.510$1,397$2.570$64,566

The following table reflects the source of cash distributions on a U.S. GAAP basis that the Fund has declared on its common shares for the year ended December 31, 2023:
Class S (1)
Class D (1)
Class I
Sources of DistributionPer ShareAmountPer ShareAmountPer ShareAmount
Net investment income$0.699$61$0.735$39$2.890$33,789
Net realized gains$—$—$—$—$—$—
Total$0.699$61$0.735$39$2.890$33,789
_______________
(1)Class S and Class D shares were first issued and sold in October 2023.

The following table reflects the source of cash distributions on a U.S. GAAP basis that the Fund has declared on its common shares for the period from February 8, 2022 (inception) through December 31, 2022:
Class S (1)
Class D (1)
Class I
Sources of DistributionPer ShareAmountPer ShareAmountPer ShareAmount
Net investment income$—$—$—$—$1.535$16,179
Net realized gains$—$—$—$—$—$—
Total$—$—$—$—$1.535$16,179
_______________
(1)Class S and Class D shares were first issued and sold in October 2023.
Schedule of Share Repurchases
The following table presents the share repurchases completed for the year ended December 31, 2024:
Offer DateClassTender Offer ExpirationRepurchase Price per share
Repurchased Amount (1)
Shares Repurchased (2)
February 29, 2024Class IMarch 29, 2024$24.62 $273 11,327 
May 30, 2024Class IJune 28, 2024$24.69 $324 13,380 
August 29, 2024Class ISeptember 27, 2024$24.75 $383 15,531 
November 27, 2024Class IDecember 27, 2024$24.80 $1,692 68,293 
November 27, 2024Class DDecember 27, 2024$24.79 $314 12,686 
_______________
(1)Amount shown is net of Early Repurchase Deduction.
(2)All repurchase requests were satisfied in full.