XML 61 R35.htm IDEA: XBRL DOCUMENT v3.25.0.1
INCOME TAX (Tables)
 12 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Schedule of Net Unrealized Appreciation (Depreciation) on Investments
As of December 31, 2024, 2023, and 2022, the Fund’s cost of investments for U.S. federal income tax purposes and gross unrealized appreciation and depreciation on investments were as follows:
December 31, 2024December 31, 2023December 31, 2022
Tax cost of investments$1,687,581 $516,168 $352,998 
Gross unrealized appreciation on investments8,216 3,128 1,389 
Gross unrealized depreciation on investments(14,188)(7,260)(4,869)
Net unrealized appreciation (depreciation) on investments$(5,972)$(4,132)$(3,480)
Schedule of Components of Accumulated Earnings (Losses) on Tax Basis
For the taxable years ended December 31, 2024, 2023, and 2022, the components of Accumulated Earnings (Losses) on a tax basis were as follows:
December 31, 2024December 31, 2023December 31, 2022
Undistributed ordinary income, net$5,889 $884 $370 
Undistributed long-term income, net975 634 — 
Total undistributed earnings$6,864 $1,518 $370 
Capital loss carryforward$— $— $(88)
Unrealized appreciation (depreciation), net(5,972)(4,194)(3,480)
Other book-to-tax differences(30)123 — 
Total accumulated earnings (losses), net$863 $(2,553)$(3,198)
Schedule of Tax Character of Distributions The tax character of the distributions paid for the years ended December 31, 2024, 2023, and for the the period from February 8, 2022 (inception) through December 31, 2022 was as follows:
December 31, 2024December 31, 2023December 31, 2022
Distributions paid from:
Ordinary income$66,503 $33,890 $16,179 
Net long-term capital gains655 — — 
Total taxable distributions$67,158 $33,890 $16,179