Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Summary of Income Tax Permanent Differences in the Book and Tax Basis of Certain Assets and Liabilities, and Non-Deductible Expenses, Among Other Items

For the years ended December 31, 2024, December 31, 2023 and December 31, 2022 permanent differences were as follows:

	For the Year Ended December 31,
	2024			2023			2022(1)
Undistributed net investment income (loss)	$	4,936,037		$	488,192		$	—
Accumulated net realized gain (loss)		(3,809,061	)		(57,473	)		—
Paid In Capital	$	(1,126,976	)	$	(430,719	)	$	—

(1)For the period from February 10, 2022 (date of inception) to December 31, 2022.

Summary of Reconciles the Increase in Net Assets Resulting from Operations to Taxable Income

The following reconciles the increase in net assets resulting from operations to taxable income for the years ended December 31, 2024, December 31, 2023 and December 31, 2022:

	For the Year Ended December 31,
	2024		2023			2022(1)
Net increase (decrease) in net assets resulting from operations	$	32,885,958	$	20,364,991		$	—
Net unrealized (appreciation) depreciation		1,420,961		(7,155,205	)		—
Realized gain (loss) for tax not included in book income		436,978		(346,768	)		—
Non-deductible capital gains incentive fee		68,298		1,090,162			—
Other timing differences and non-deductible expenses		1,443,321		428,374			—
Realized losses for tax not recognized		—		—			—
Total Taxable/distributable income	$	36,255,516	$	14,381,554		$	—

(1)For the period from February 10, 2022 (date of inception) to December 31, 2022.

Components of Accumulated Gains / Losses as Calculated on A Tax Basis for the Taxable

The components of accumulated gains / losses as calculated on a tax basis for the taxable years ended December 31, 2024, December 31, 2023 and December 31, 2022 were as follows:

	For the Year Ended December 31,
	2024			2023			2022(1)
Distributable ordinary income		—			1,161,852			—
Post October Loss Referral		(90,210	)		—			—
Other temporary book/tax differences		(2,776,669	)		(1,087,817	)		—
Net unrealized appreciation/(depreciation) on investments		5,780,278			7,501,973			—
Total accumulated under-distributed (over-distributed) earnings		2,913,399			7,576,008			—

(1)For the period from February 10, 2022 (date of inception) to December 31, 2022.

Summary of Capital Losses

Capital losses for the year ended December 31, 2024, which will be deemed to arise on the first day of the tax year ended December 31, 2024, December 31, 2023 and December 31, 2022, were as follows:

	For the Year Ended December 31,
	2024		2023		2022(1)
Capital loss carryforward	$	—	$	—	$	—

(1)For the period from February 10, 2022 (date of inception) to December 31, 2022.

Schedule of Cost and Unrealized Gain (Loss) of the Investments, As Calculated on a Tax Basis

The cost and unrealized gain (loss) of the Company’s investments, as calculated on a tax basis, for the years ended December 31, 2024, December 31, 2023 and December 31, 2022, were as follows:

	For the Year Ended December 31,
	2024			2023			2022(1)
Gross unrealized appreciation		10,405,239			7,895,221			—
Gross unrealized depreciation		(4,623,105	)		(393,248	)		—
Net unrealized appreciation (depreciation) earnings	$	5,782,134		$	7,501,973		$	—
Tax cost of investments	$	750,741,197		$	344,876,547		$	—

(1)For the period from February 10, 2022 (date of inception) to December 31, 2022.