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Consolidated Statements of Assets and Liabilities - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Investments at fair value    
Non-controlled/non-affiliated investments (cost of $751,106,426 and $345,223,315 at December 31, 2024 and December 31, 2023, respectively) $ 756,523,331 $ 352,378,520
Cash and cash equivalents 13,437,972 25,181,139
Restricted cash and cash equivalents 24,305,322 47,844,154
Interest and fee receivable from non-controlled/non-affiliated investments 5,355,626 3,241,015
Deferred financing costs (net of $1,234,121 and $480,842 in accumulated amortization at December 31, 2024 and December 31, 2023, respectively) 4,291,555 2,964,249
Deferred offering costs (net of $2,270,968 and $851,065 in accumulated amortization at December 31,2024 and December 31, 2023, respectively) 420,856 565,386
Receivable for investments sold 14,323,332 4,150,568
Derivative assets at fair value (Note 5) 319,195 0
Due from Advisor $ 74,454 $ 810,355
Accounts Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Advisor [Member] Advisor [Member]
Other assets $ 56,250 $ 45,157
Total assets 819,107,893 437,180,543
Liabilities    
Secured Credit Facility (Note 6) 342,685,745 195,000,000
Distribution Payable 13,468,268 6,039,749
Payable for investments purchased 5,529,326 7,489,135
Interest and credit facility fee payable 3,997,833 3,051,780
Income incentive fee payable 1,434,404 652,362
Management fees payable 1,317,398 690,008
Deferred financing costs payable 1,500,000 0
Accrued capital gains incentive fee 1,049,209 1,090,162
Due to Advisor and affiliates $ 270,203 $ 309,817
Other Liability, Related Party [Extensible Enumeration] Advisor [Member] Advisor [Member]
Offering costs payable $ 7,440 $ 216,950
Accrued expenses and other liabilities 782,314 1,024,660
Total liabilities 372,042,140 215,564,623
Commitments and contingencies (Note 7)
Net Assets    
Common shares, $0.01 par value (22,106,186 and 10,785,268 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively) 221,062 107,853
Additional paid in capital 443,931,292 213,932,059
Distributable earnings (loss) 2,913,399 7,576,008
Total net assets [1],[2] 447,065,753 221,615,920
Total liabilities and net assets 819,107,893 437,180,543
Net Assets [1],[2] $ 447,065,753 $ 221,615,920
Common Shares Outstanding 22,106,186 10,785,268
Class I Shares [Member]    
Net Assets    
Total net assets [3],[4] $ 447,065,753 $ 221,615,920
Net Assets [3],[4] $ 447,065,753 $ 221,615,920
Common Shares Outstanding [3],[4],[5] 22,106,186 10,785,268
Net Asset value per share [3],[4],[5] $ 20.22 [6] $ 20.55 [7],[8]
Class D Shares [Member]    
Net Assets    
Total net assets [3],[4] $ 0 $ 0
Net Assets [3],[4] $ 0 $ 0
Common Shares Outstanding 0 0 [3],[4]
Net Asset value per share [3],[4] $ 0 $ 0
Class S Shares [Member]    
Net Assets    
Total net assets [3],[4] $ 0 $ 0
Net Assets [3],[4] $ 0 $ 0
Common Shares Outstanding 0 0 [3],[4]
Net Asset value per share [3],[4] $ 0 $ 0
[1] Common Shares issued and outstanding as of June 23, 2024, December 31, 2023 and December 31, 2022, were issued pursuant to the Private Offering. As part of the Public Offering effective June 24, 2024, the Common Shares issued pursuant to the Private Offering became Class I shares. Common Shares issued pursuant to the Private Offering are reclassified as Class I shares to conform with current period presentation.
[2] There were no Class S or Class D shares outstanding for each of the periods presented.
[3] Common Shares issued and outstanding as of June 23, 2024 and December 31, 2023, were issued pursuant to the Private Offering. As part of the Public Offering effective June 24, 2024, the Common Shares issued pursuant to the Private Offering became Class I shares. Common Shares issued pursuant to the Private Offering are reclassified as Class I shares to conform with current period presentation.
[4] There were no Class S or Class D shares outstanding for each of the periods presented.
[5] Common Shares issued for the period from January 1, 2024 through June 23, 2024 and for the years ended December 31, 2023 and December 31, 2022 relate to the Private Offering and became Class I shares as part of Public Offering effective June 24, 2024. Common Shares issued pursuant to the Private Offering are reclassified as Class I shares to conform with current period presentation.
[6] Common Shares issued during the period January 1, 2024 through June 23, 2024 relate to the Private Offering and became Class I shares as part of Public Offering effective June 24, 2024. Common Shares issued pursuant to the Private Offering are reclassified as Class I shares to conform with current period presentation.
[7] Common Shares issued during the year ended December 31, 2023 relate to the Private Offering and became Class I shares as part of Public Offering effective June 24, 2024. Common Shares issued pursuant to the Private Offering are reclassified as Class I shares to conform with current period presentation.
[8] The net asset value per Common Share reflected in the Company's report on Form 8-K may differ due to updates made during the annual audit process.