10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____________________ to _____________________

Commission File Number 814-01571

Fidelity Private Credit Fund

(Exact name of Registrant as specified in its Charter)

Delaware	88-6585799
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
245 Summer Street Boston, Massachusetts	02210
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (617) 563-7000

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

Securities registered pursuant to Section 12(g) of the Act:

Class S Common shares of beneficial interest, par value $0.01

Class D Common shares of beneficial interest, par value $0.01

Class I Common shares of beneficial interest, par value $0.01

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☐
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares of Registrant’s Common Shares, $0.01 par value per share, outstanding as of August 12, 2024 was 23,740,188, 6,034 and 418 of Class I, Class S and Class D common shares, respectively. Common shares outstanding exclude August 1, 2024 subscriptions since the issuance price is not yet finalized at the date of this filing.

Table of Contents

		Page
PART I.	FINANCIAL INFORMATION	1
Item 1.	Consolidated Financial Statements	1
	Consolidated Statements of Assets and Liabilities as of June 30, 2024 (unaudited) and December 31, 2023	1
	Consolidated Statements of Operations for the three and six months ended June 30, 2024 and 2023 (unaudited)	3
	Consolidated Statements of Changes in Net Assets for the three and six months ended June 30, 2024 and 2023 (unaudited)	4
	Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 (unaudited)	5
	Consolidated Schedule of Investments as of June 30, 2024 (unaudited) and December 31, 2023	6
	Notes to Consolidated Financial Statements (unaudited)	28
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	56
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	72
Item 4.	Controls and Procedures	72
PART II.	OTHER INFORMATION	73
Item 1.	Legal Proceedings	73
Item 1A.	Risk Factors	73
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	74
Item 3.	Defaults Upon Senior Securities	74
Item 4.	Mine Safety Disclosures	74
Item 5.	Other Information	74
Item 6.	Exhibits	75
Signatures		76

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are current expectations, estimates and projections of Fidelity Private Credit Fund (the “Fund,” “we,” “us” or “our”) and/or Fidelity Diversifying Solutions LLC (“FDS” or the “Adviser”) about the Fund, our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Forward-looking statements can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “seek,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue,” “target,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of the Fund may differ materially from those reflected or contemplated in such forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict, that could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:

•our future operating results;

•our business prospects and the prospects of our portfolio companies;

•our ability to raise capital;

•geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing conflicts in Ukraine and Israel;

•the ability of our portfolio companies to achieve their objectives;

•our current and expected financing arrangements and investments;

•changes in the general interest rate environment;

•the adequacy of our cash resources, financing sources and working capital;

•the timing and amount of cash flows, distributions and dividends, if any, from our portfolio companies;

•our contractual arrangements and relationships with third parties;

•actual and potential conflicts of interest with the Adviser and its affiliates;

•the elevating levels of inflation, and its impact on our portfolio companies and on the industries in which we invest;

•the dependence of our future success on the general economy and its effect on the industries in which we may invest;

•the use of borrowed money to finance a portion of our investments;

•the ability of the Adviser to identify suitable investments and to monitor and administer our investments;

•the ability of the Adviser and its affiliates to attract and retain highly talented professionals;

•our ability to maintain our qualification as a regulated investment company ("RIC") and as a business development company (“BDC”) under the Internal Revenue Code of 1986, as amended;

•the impact on our business of U.S. and international financial reform legislation, rules and regulations;

•the effect of changes in tax laws and regulations and interpretations thereof; and

•the tax status of the enterprises in which we may invest.

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. Moreover, we assume no duty and do not undertake to update the forward-looking statements, except as required by applicable law. You are advised to consult any additional disclosures that we make directly to you or through reports that we have filed or in the future file with the SEC including annual reports on Form 10-K, registration statements on Form N-2, quarterly reports on Form 10-Q and current reports on Form 8-K. Because we are an investment company, the forward-looking statements and projections contained in this report are excluded from the safe harbor protection provided by Section 21E of the U.S. Securities Exchange Act of 1934 Act, as amended (the “1934 Act”).

PART I—FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements.

Fidelity Private Credit Fund

Consolidated Statements of Assets and Liabilities

	June 30, 2024		December 31, 2023
	(unaudited)
Assets
Investments at fair value
Non-controlled / non-affiliate investments (amortized cost $883,860,398 and $500,084,317)	$	891,217,928	$	506,671,142
Non-controlled / affiliate investments (amortized cost $25,613,606 and $24,436,874)		25,822,455		24,795,483
Cash		43,581,947		1,119,639
Foreign cash (cost $0 and $317,490)		—		316,970
Deferred offering costs		—		291,680
Deferred financing costs		6,624,825		3,536,786
Receivables from sales and paydowns of investments		1,849,403		370,912
Interest receivable		13,482,099		7,719,089
Dividend receivable		202,197		190,132
Due from affiliates, net		—		561,250
Prepaid expenses		13,635		34,088
Total Assets	$	982,794,489	$	545,607,171
Liabilities
Debt		365,000,000		105,848,459
Payable for purchases of securities		12,142,407		28,618,421
Payable for capital shares repurchased		6,920,446		27,140
Distribution payable		4,993,256		3,380,966
Interest payable		1,887,629		633,359
Management fee payable		1,198,148		—
Shareholder servicing fee payable		—		9
Income based incentive fee payable		2,108,026		—
Capital gains incentive fee payable		886,652		868,178
Excise tax payable		—		66,312
Due to affiliates, net		360,535		—
Other accounts payable and accrued liabilities		779,599		376,999
Total Liabilities	$	396,276,698	$	139,819,843
Commitments and Contingencies (Note 6)
Net Assets
Common Shares, par value $0.01 per share, unlimited shares authorized, 22,690,013 and 15,724,395 shares issued and outstanding at June 30, 2024 and December 31, 2023 respectively		226,900		157,244
Paid-in-capital in excess of par value		575,858,258		396,598,745
Total distributable earnings (loss)		10,432,633		9,031,339
Total Net Assets	$	586,517,791	$	405,787,328
Total Liabilities and Net Assets	$	982,794,489	$	545,607,171

The accompanying notes are an integral part of these consolidated financial statements

1

Fidelity Private Credit Fund

Consolidated Statements of Assets and Liabilities

Net Asset Value Per Share	June 30, 2024		December 31, 2023
Class I Shares
Net assets	$	586,448,217	$	405,766,957
Common Shares outstanding ($0.01 par value, unlimited shares authorized)		22,687,321		15,723,605
Net asset value per share	$	25.85	$	25.81
Class D Shares
Net assets	$	10,716	$	10,188
Common Shares outstanding ($0.01 par value, unlimited shares authorized)		415		395
Net asset value per share(1)	$	25.85	$	25.81
Class S Shares
Net assets	$	58,858	$	10,183
Common Shares outstanding ($0.01 par value, unlimited shares authorized)		2,277		395
Net asset value per share(1)	$	25.85	$	25.81

(1)Net asset value per share may not calculate due to fractional shares.

The accompanying notes are an integral part of these consolidated financial statements

2

Fidelity Private Credit Fund

Consolidated Statements of Operations

(unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Investment Income
From non-controlled / non-affiliate investments
Interest income	$	24,827,760		$	4,464,086		$	43,688,893		$	5,003,838
Dividend income		197,233			—			439,724			—
Other income		253,696			—			363,580			—
From non-controlled / affiliate investments
Dividend income		615,540			211,928			1,211,130			211,928
Total Investment Income		25,894,229			4,676,014			45,703,327			5,215,766
Expenses
Interest expense		6,065,248			870,577			10,064,604			998,236
Management fees		1,749,476			481,257			3,210,454			546,448
Income based incentive fees		2,108,026			442,889			3,785,319			489,804
Capital gains incentive fees		122,376			55,095			18,474			185,262
Distribution and shareholder servicing fees
Class S		56			—			78			—
Class D		7			—			13			—
Administration fees		453,724			124,127			831,925			140,941
Organization expenses		—			—			—			1,163
Amortization of deferred offering costs		—			358,244			291,680			477,659
Board of Trustees’ fees		54,038			84,483			102,546			174,233
Professional fees		200,042			246,349			376,044			643,188
Other general and administrative expenses		415,509			143,461			812,594			233,769
Total Expenses Before Reductions		11,168,502			2,806,482			19,493,731			3,890,703
Expense support		(136,913	)		(694,335	)		(591,561	)		(1,371,853	)
Management fees waived		—			(481,257	)		—			(546,448	)
Income based incentive fees waived		—			(442,889	)		—			(489,804	)
Net Expenses		11,031,589			1,188,001			18,902,170			1,482,598
Net Investment Income (Loss)		14,862,640			3,488,013			26,801,157			3,733,168
Net Realized and Unrealized Gains (Losses)
Realized gain (loss) on non-controlled / non-affiliate investments		(1,027,112	)		—			(1,027,779	)		—
Realized gain (loss) on foreign currency transactions		573,792			—			573,792			—
Net realized gain (loss)		(453,320	)		—			(453,987	)		—
Net change in unrealized appreciation (depreciation) on non-controlled / non-affiliate investments (net of increase in deferred taxes of $298,615 and $0)		1,674,840			351,901			472,090			1,393,238
Net change in unrealized appreciation (depreciation) on non-controlled / affiliate investments		(178,332	)		88,865			(149,760	)		88,865
Net change in unrealized appreciation (depreciation) on foreign currency translation		(366,537	)		—			(25,837	)		—
Net Change in Unrealized Gains (Losses)		1,129,971			440,766			296,493			1,482,103
Net Realized and Change in Unrealized Gains (Losses)		676,651			440,766			(157,494	)		1,482,103
Net Increase (Decrease) in Net Assets Resulting from Operations	$	15,539,291		$	3,928,779		$	26,643,663		$	5,215,271

The accompanying notes are an integral part of these consolidated financial statements

3

Fidelity Private Credit Fund

Consolidated Statements of Changes in Net Assets

(unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Operations:
Net investment income	$	14,862,640		$	3,488,013		$	26,801,157		$	3,733,168
Net realized gain (loss)		(453,320	)		—			(453,987	)		—
Net change in unrealized appreciation (depreciation)		1,129,971			440,766			296,493			1,482,103
Net increase (decrease) in net assets resulting from operations		15,539,291			3,928,779			26,643,663			5,215,271
Distributions to common shareholders:
Class I		(14,137,117	)		(3,724,328	)		(25,936,631	)		(3,724,328	)
Class S		(617	)		—			(857	)		—
Class D		(262	)		—			(517	)		—
Net decrease in net assets resulting from distributions		(14,137,996	)		(3,724,328	)		(25,938,005	)		(3,724,328	)
Share transactions:
Class I:
Proceeds from shares sold		88,659,304			86,794,592			173,401,943			188,901,900
Distributions reinvested		7,722,148			1,126,903			14,069,401			1,126,903
Repurchased shares, net of early repurchase deduction		(6,918,357	)		(50,019	)		(7,495,781	)		(50,019	)
Net increase (decrease) from share transactions		89,463,095			87,871,476			179,975,563			189,978,784
Class S:
Proceeds from shares sold		48,250			—			48,250			—
Distributions reinvested		243			—			480			—
Repurchased shares, net of early repurchase deduction		—			—			—			—
Net increase (decrease) from share transactions		48,493			—			48,730			—
Class D:
Proceeds from shares sold		—			—			—			—
Distributions reinvested		259			—			512			—
Repurchased shares, net of early repurchase deduction		—			—			—			—
Net increase (decrease) from share transactions		259			—			512			—
Total increase (decrease) in net assets		90,913,142			88,075,927			180,730,463			191,469,727
Net assets, beginning of period		495,604,649			103,395,800			405,787,328			2,000
Net assets, end of period	$	586,517,791		$	191,471,727		$	586,517,791		$	191,471,727

The accompanying notes are an integral part of these consolidated financial statements

4

Fidelity Private Credit Fund

Consolidated Statements of Cash Flows

(unaudited)

	Six Months Ended June 30,
	2024			2023
Cash Flows from Operating Activities:
Net increase (decrease) in net assets resulting from operations	$	26,643,663		$	5,215,271
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Payments for purchases of investments		(518,909,504	)		(195,589,448	)
Proceeds from sales of investments and principal repayments		118,997,082			198,832
Realized (gain) loss on investments		1,027,779			—
Realized (gain) loss on foreign currency transactions		(573,792	)		—
Net proceeds (payments) from sales (purchases) of short term securities		15,208,974			(1,638,582	)
Net change in unrealized (appreciation) depreciation on investments		(620,945	)		(1,482,103	)
Net change in unrealized (appreciation) depreciation on foreign currency translation		25,837			—
Net accretion of discount and amortization of premium		(1,277,144	)		(195,592	)
Amortization of deferred financing costs		551,839			268,871
Amortization of deferred offering costs		291,680			359,407
Changes in operating assets and liabilities
(Increase) decrease in receivables from sales and paydowns of investments		(1,478,491	)		(217,922	)
(Increase) decrease in interest receivable		(5,763,010	)		(2,415,253	)
(Increase) decrease in dividend receivable		(12,065	)		(85,790	)
(Increase) decrease in due from affiliates, net		561,250			(1,371,853	)
(Increase) decrease in prepaid expenses		20,453			—
Increase (decrease) in payable for purchases of securities		(16,476,014	)		7,195,283
Increase (decrease) in payable for capital shares repurchased		—			50,019
Increase (decrease) in distribution payable		—			1,550,697
Increase (decrease) in interest payable		1,254,270			6,706
Increase (decrease) in shareholder servicing fee payable		(9	)		—
Increase (decrease) in income based incentive fee payable		2,108,026			—
Increase (decrease) in capital gains incentive fee payable		18,474			185,262
Increase (decrease) in accrued board of trustees’ fees		—			16,525
Increase (decrease) in excise tax payable		(66,312	)		—
Increase (decrease) in due to affiliates, net		360,535			808,517
Increase (decrease) in management fees payable		1,198,148			—
Increase (decrease) in other accounts payable and accrued liabilities		402,600			413,888
Net Cash Provided by (Used in) Operating Activities		(376,506,676	)		(186,727,265	)
Cash Flows from Financing Activities:
Payment of financing costs		(3,639,878	)		(4,230,565	)
Offering costs paid and deferred		—			(8,001	)
Proceeds from issuance of Common Shares		173,450,193			188,901,900
Repurchased shares, net of early repurchase deduction paid		(602,475	)		(50,019	)
Capital distributions		(10,255,322	)		(2,597,425	)
Proceeds from borrowings		300,000,000			22,000,000
Repayment of borrowings		(40,294,309	)		(17,000,000	)
Net Cash Provided by (Used in) Financing Activities		418,658,209			187,015,890
Net change in cash		42,151,533			288,625
Effect of foreign currency exchange rates changes on cash		(6,195	)		—
Cash as of the beginning of the period		1,436,609			2,000
Cash as of the end of the period	$	43,581,947		$	290,625
Supplemental information and non-cash financing activities
Non-cash distributions	$	14,070,393		$	1,126,903
Reinvestment of distributions	$	(14,070,393	)	$	(1,126,903	)
Cash paid for excise taxes	$	66,312		$	—
Cash paid for interest expense	$	8,258,495		$	722,659

The accompanying notes are an integral part of these consolidated financial statements

5

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Investments -- non-controlled/ non-affiliate
First Lien Debt
Advertising
MMGY Global LLC (i)(l)(m)	Term Loan	SOFR	+	5.75%	11.23%	4/25/2029		8,461,729	$	8,292,723		$	8,461,729
MMGY Global LLC (f)(i)(l)	Revolving Credit Facility		-		-	4/25/2029		-		(40,421	)		-
										8,252,302			8,461,729		1.44%
Aerospace & Defense
Cadence - Southwick, Inc. (i)(l)	Term Loan	SOFR	+	5.00%	10.44%	5/3/2029		7,154,455		6,971,370			7,111,528
Cadence - Southwick, Inc. (f)(i)(l)	Revolving Credit Facility	SOFR	+	5.00%	10.42%	5/3/2028		764,942		734,219			754,351
Cadence - Southwick, Inc. (i)(l)	Term Loan	SOFR	+	5.00%	10.44%	5/3/2029		1,331,246		1,306,636			1,323,258
Neptune Platform Buyer, LLC (j)(l)(m)	Term Loan	SOFR	+	5.25%	10.58%	1/20/2031		14,677,500		14,470,435			14,618,790
Neptune Platform Buyer, LLC (f)(j)(l)	Delayed Draw Term Loan		-		-	1/20/2031		-		(30,224	)		(17,143	)
										23,452,436			23,790,784		4.06%
Air Freight & Logistics
R1 Holdings Merger Sub, LLC (i)(l)(m)	Term Loan	SOFR	+	6.25%	11.59%	12/29/2028		5,339,247		5,170,150			5,328,569
STG Logistics Inc (j)(l)	Term Loan	SOFR	+	6.00%	11.48%	3/24/2028		9,900,000		9,570,992			7,731,900
										14,741,142			13,060,469		2.23%
Application Software
ACP Avenu Buyer, LLC (i)(l)(m)	Term Loan	SOFR	+	5.25%	10.55%	10/2/2029		17,101,563		16,674,584			17,101,563
ACP Avenu Buyer, LLC (f)(i)(l)	Revolving Credit Facility	SOFR	+	5.25%	10.57%	10/2/2029		122,500		98,341			122,500
ACP Avenu Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	5.25%	10.58%	10/2/2029		3,811,917		3,653,212			3,811,917
ACP Falcon Buyer, Inc. (i)(l)(m)	Term Loan	SOFR	+	5.50%	10.80%	8/1/2029		21,117,437		20,549,401			21,117,437
ACP Falcon Buyer, Inc. (f)(i)(l)	Revolving Credit Facility		-		-	8/1/2029		-		(25,542	)		-
Applied Sys Inc (h)(l)	Term Loan	SOFR	+	3.50%	8.83%	2/24/2031		7,481,156		7,489,252			7,560,233
Aptean, Inc. (j)(l)(m)	Term Loan	SOFR	+	5.25%	10.59%	1/30/2031		7,852,600		7,778,767			7,852,600

The accompanying notes are an integral part of these consolidated financial statements

6

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)		Percentage of Net Assets
Aptean, Inc. (f)(j)(l)	Revolving Credit Facility		-		-	1/30/2031		-	$	(6,847	)	$	-
Aptean, Inc. (f)(j)(l)	Delayed Draw Term Loan	SOFR	+	5.25%	10.59%	1/30/2031		69,068		62,072			69,068
Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. (i)(l)	Term Loan	SOFR	+	7.25%	12.58%	12/9/2029		5,138,234		4,951,345			5,112,543
Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. (i)(l)	Term Loan	SOFR	+	6.75%	12.08%	12/9/2029		27,203,390		26,690,455			27,067,373
Dcert Buyer Inc (h)(l)(n)	Term Loan	SOFR	+	4.00%	9.34%	10/16/2026		4,974,026		4,964,382			4,842,413
DH Corporation/Société DH Pro Buyer, LLC (i)(l)(n)	Term Loan	SOFR	+	7.25%	12.46%	9/13/2029		253,844		249,273			253,844
Finastra USA Inc (i)(l)(n)	Term Loan	SOFR	+	7.25%	12.46%	9/13/2029		10,869,158		10,673,402			10,869,158
MH Sub I LLC (h)(k)(l)(n)	Term Loan	SOFR	+	4.25%	9.59%	5/3/2028		4,974,874		4,936,704			4,979,108
Modena Buyer LLC (h)(l)(n)	Term Loan	SOFR	+	4.50%	9.83%	7/1/2031		2,945,625		2,945,625			2,899,576
Polaris Newco LLC (h)(k)(l)(n)	Term Loan	SOFR	+	4.00%	9.59%	6/2/2028		4,974,425		4,887,805			4,969,599
Prism Parent Co Inc. (j)(l)	Term Loan	SOFR	+	5.00%	10.34%	9/16/2028		5,107,176		4,956,081			5,107,176
User Zoom Technologies, Inc (i)(l)	Term Loan	SOFR	+	7.50%	12.81%	4/5/2029		10,000,000		9,693,105			9,940,000
										131,221,417			133,676,108	22.78%
Asset Management & Custody Banks
GTCR Everest Borrower LLC (h)(l)	Term Loan	SOFR	+	3.00%	8.34%	6/3/2031		1,182,059		1,182,059			1,182,059
										1,182,059			1,182,059	0.20%
Automotive Parts & Equipment
American Trailer Rental Group, LLC (i)(l)	Term Loan	SOFR	+	5.75%	11.23%	6/1/2027		14,850,000		14,504,396			14,285,700
American Trailer Rental Group, LLC (i)	Term Loan	SOFR	+	5.75%	11.23%	6/1/2027		4,962,500		4,861,263			4,773,925
										19,365,659			19,059,625	3.25%

The accompanying notes are an integral part of these consolidated financial statements

7

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Building Products
Copperweld Group, Inc. (i)(l)(m)	Term Loan	SOFR	+	6.00%	11.60%	3/31/2026		6,193,577	$	6,050,590		$	6,131,641
Hunter Douglas Inc (h)(k)(l)(n)	Term Loan	SOFR	+	3.50%	8.84%	2/25/2029		4,974,619		4,947,258			4,926,664
Oscar AcquisitionCo, LLC (h)(k)(l)(n)	Term Loan	SOFR	+	4.25%	9.58%	4/29/2029		4,974,684		4,971,830			4,968,465
										15,969,678			16,026,770		2.74%
Commodity Chemicals
Soteria Flexibles Corporation (f)(i)(l)	Delayed Draw Term Loan		-		-	8/15/2029		-		(70,058	)		(52,222	)
Soteria Flexibles Corporation (i)(l)(m)	Term Loan	SOFR	+	5.50%	10.83%	8/15/2029		8,753,200		8,556,645			8,683,175
Soteria Flexibles Corporation (f)(i)(l)	Revolving Credit Facility		-		-	8/15/2029		-		(21,431	)		(8,000	)
										8,465,156			8,622,953		1.47%
Construction Materials
White Cap Buyer LLC (h)(l)	Term Loan	SOFR	+	3.25%	8.58%	10/19/2029		305,000		304,238			305,400
										304,238			305,400		0.05%
Data Processing & Outsourced Services
VRC Companies LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	5.75%	11.10%	6/29/2027		7,127,833		6,860,960			7,127,833
										6,860,960			7,127,833		1.22%
Diversified Chemicals
Hexion Holdings Corporation (h)(k)(l)(n)	Term Loan	SOFR	+	4.50%	9.98%	3/15/2029		4,974,619		4,825,193			4,961,475
										4,825,193			4,961,475		0.85%
Diversified Financial Services
Clue Opco LLC (h)(j)(l)(n)	Term Loan	SOFR	+	4.50%	9.83%	12/19/2030		4,644,444		4,427,102			4,319,333
										4,427,102			4,319,333		0.74%
Diversified Support Services
Brand Industrial Services Inc (h)(k)(l)(n)	Term Loan	SOFR	+	4.50%	9.83%	8/1/2030		4,975,000		4,978,748			4,988,831
Eversmith Brands Intermediate Holding Company (i)(l)(m)	Term Loan	SOFR	+	5.00%	10.33%	6/17/2030		4,617,630		4,548,641			4,548,365
Eversmith Brands Intermediate Holding Company (f)(i)(l)	Delayed Draw Term Loan		-		-	6/17/2030		-		(23,907	)		(24,050	)
Eversmith Brands Intermediate Holding Company (f)(i)(l)	Revolving Credit Facility		-		-	6/17/2030		-		(13,385	)		(13,468	)

The accompanying notes are an integral part of these consolidated financial statements

8

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Hobbs & Associates, LLC (i)(l)	Term Loan	SOFR	+	6.25%	11.58%	4/11/2029		7,157,868	$	6,974,572		$	7,157,868
Hobbs & Associates, LLC (i)(l)	Delayed Draw Term Loan	SOFR	+	6.25%	11.58%	4/11/2029		8,100,443		7,906,347			8,100,443
Hobbs & Associates, LLC (i)	Term Loan	SOFR	+	6.25%	11.58%	4/11/2029		2,027,407		1,982,582			2,027,407
Hobbs & Associates, LLC (i)(l)	Delayed Draw Term Loan	SOFR	+	6.25%	11.58%	4/11/2029		5,689,354		5,569,221			5,689,354
Hobbs & Associates, LLC (i)(l)	Term Loan	SOFR	+	5.00%	10.33%	4/11/2029		3,903,317		3,865,843			3,879,898
Hobbs & Associates, LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	5.00%	10.33%	4/11/2029		3,000,044		2,934,648			2,935,477
MRI Acquisitions, Inc (i)(l)	Term Loan	SOFR	+	6.25%	11.73%	12/30/2025		5,653,702		5,554,855			5,529,320
Omnia Partners LLC (h)(l)	Term Loan	SOFR	+	3.25%	8.57%	7/25/2030		7,406,438		7,402,482			7,405,252
Prometric Holdings Inc (h)(i)(l)(n)	Term Loan	SOFR	+	4.75%	10.21%	1/31/2028		3,980,025		3,960,808			4,000,920
Ruppert Landscape, LLC (j)(l)	Term Loan	SOFR	+	5.75%	11.25%	12/1/2028		4,925,287		4,787,809			4,925,287
Ruppert Landscape, LLC (f)(j)(l)	Revolving Credit Facility	SOFR	+	5.75%	11.24%	12/1/2028		72,380		67,147			72,380
Ruppert Landscape, LLC (f)(j)(l)	Delayed Draw Term Loan		-		-	12/1/2028		-		(39,223	)		-
										60,457,188			61,223,284		10.44%
Education Services
KUEHG Corp (h)(k)(l)	Term Loan	SOFR	+	4.50%	9.83%	6/12/2030		10,443,769		10,076,652			10,476,458
										10,076,652			10,476,458		1.79%
Electrical Components & Equipment
CMI Buyer, Inc. (i)(l)(m)	Term Loan	SOFR	+	6.75%	12.08%	10/20/2028		20,005,950		19,634,089			19,925,926
EDS Buyer, LLC (i)(l)(m)	Term Loan	SOFR	+	5.75%	11.09%	1/10/2029		8,369,683		8,210,313			8,202,289
EDS Buyer, LLC (f)(i)(l)	Revolving Credit Facility		-		-	1/10/2029		-		(14,813	)		(15,611	)
										27,829,589			28,112,604		4.80%
Environmental & Facilities Services
Pavement Partners Interco, LLC (i)(l)(m)	Term Loan	SOFR	+	6.75%	12.22%	2/7/2028		7,989,322		7,924,364			7,989,322
Pavement Partners Interco, LLC (i)(l)	Delayed Draw Term Loan	SOFR	+	6.75%	12.22%	2/7/2028		1,144,221		1,122,562			1,144,221
Pavement Partners Interco, LLC (f)(i)(l)	Revolving Credit Facility	SOFR	+	6.75%	12.22%	2/7/2028		863,239		839,383			863,239
Pavement Partners Interco, LLC (i)(l)	Term Loan	SOFR	+	6.75%	12.22%	2/7/2028		10,396,982		10,129,224			10,396,982
Pavement Partners Interco, LLC (i)(l)	Term Loan	SOFR	+	6.75%	12.23%	2/7/2028		595,541		578,464			595,541

The accompanying notes are an integral part of these consolidated financial statements

9

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Pavement Partners Interco, LLC (i)(l)(m)	Term Loan	SOFR	+	6.75%	12.08%	2/7/2028		3,442,970	$	3,339,852		$	3,339,680
										23,933,849			24,328,985		4.15%
Fertilizers & Agricultural Chemicals
Consolidated Energy Finance SA (h)(l)(n)	Term Loan	SOFR	+	4.50%	9.84%	11/15/2030		997,500		995,007			969,071
Discovery Purchaser Corporation (h)(k)(l)(n)	Term Loan	SOFR	+	4.38%	9.68%	10/4/2029		4,975,031		4,963,222			4,961,897
										5,958,229			5,930,968		1.02%
Food Distributors
Midas Foods International, LLC (i)(l)	Term Loan	SOFR	+	6.00%	11.33%	4/30/2029		4,025,388		3,946,134			3,944,880
Midas Foods International, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	4/30/2029		-		(116,895	)		(120,762	)
Midas Foods International, LLC (f)(i)(l)	Revolving Credit Facility		-		-	4/30/2029		-		(38,938	)		(40,254	)
										3,790,301			3,783,864		0.64%
Food Retail
Cardenas Merger Sub LLC (h)(j)(l)(n)	Term Loan	SOFR	+	6.75%	12.18%	8/1/2029		7,405,779		7,240,934			7,399,632
										7,240,934			7,399,632		1.26%
Health Care Distributors
Gainwell Acquisition Corp (h)(j)(l)(n)	Term Loan	SOFR	+	4.00%	9.43%	10/1/2027		4,974,227		4,919,606			4,810,475
										4,919,606			4,810,475		0.82%
Health Care Facilities
Infusion Services Management, LLC (i)(l)(m)	Term Loan	SOFR	+	6.50%	11.85%	7/7/2028		11,818,611		11,515,234			11,818,611
Infusion Services Management, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	7/7/2028		-		(80,958	)		-
Infusion Services Management, LLC (f)(i)(l)	Revolving Credit Facility		-		-	7/7/2028		-		(24,239	)		-
										11,410,037			11,818,611		2.02%
Health Care Services
AB Centers Acquisition Corporation (j)(l)	Term Loan	SOFR	+	6.00%	11.44%	9/6/2028		4,933,904		4,732,664			4,933,904

The accompanying notes are an integral part of these consolidated financial statements

10

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
AB Centers Acquisition Corporation (f)(j)(l)	Revolving Credit Facility		-		-	9/6/2028		-	$	(50,116	)	$	-
AB Centers Acquisition Corporation (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	6.00%	11.44%	9/6/2028		7,804,655		7,584,820			7,804,655
AB Centers Acquisition Corporation (j)	Term Loan	SOFR	+	6.00%	11.44%	9/6/2028		2,560,345		2,498,048			2,560,345
BeBright MSO, LLC (i)(l)	Term Loan	SOFR	+	5.75%	11.10%	6/3/2030		9,336,064		9,242,704			9,242,704
BeBright MSO, LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	5.75%	11.09%	6/3/2030		578,836		505,026			504,147
BeBright MSO, LLC (f)(i)(l)	Revolving Credit Facility		-		-	6/3/2030		-		(18,444	)		(18,672	)
Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. (i)(l)(m)	Term Loan	SOFR	+	6.50%	11.78%	1/3/2029		9,358,358		9,121,808			9,358,358
Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. (i)	Term Loan	SOFR	+	6.00%	11.30%	1/3/2029		10,717,395		10,511,375			10,642,373
Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. (f)(i)	Delayed Draw Term Loan		-		-	1/3/2029		-		(87,360	)		(63,636	)
Houseworks Holdings, LLC (i)(l)	Term Loan	SOFR	+	6.50%	12.01%	12/16/2028		4,925,000		4,762,785			4,925,000
Houseworks Holdings, LLC (f)(i)(l)	Revolving Credit Facility		-		-	12/16/2028		-		(12,956	)		-
Houseworks Holdings, LLC (i)	Term Loan	SOFR	+	6.50%	12.00%	12/16/2028		3,038,265		2,957,766			3,038,265
Houseworks Holdings, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	12/16/2028		-		(27,254	)		-
Integrated Oncology Network LLC (i)(l)	Term Loan	SOFR	+	6.00%	11.45%	6/24/2025		2,099,145		2,065,474			2,063,460
The Smilist DSO, LLC (i)(l)(m)	Term Loan	SOFR	+	6.00%	11.33%	4/4/2029		17,136,668		16,765,333			16,931,028
The Smilist DSO, LLC (f)(i)(l)	Revolving Credit Facility		-		-	4/4/2029		-		(19,853	)		(11,116	)
The Smilist DSO, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	4/4/2029		-		(39,692	)		(44,463	)
The Smilist DSO, LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	6.00%	11.33%	4/4/2029		4,066,485		3,973,202			4,010,907
Tiger Healthcare Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	2/27/2030		-		(102,615	)		(242,188	)
Tiger Healthcare Buyer, LLC (i)(l)(m)	Term Loan	SOFR	+	6.00%	11.33%	2/27/2030		11,221,875		10,980,509			10,941,328
Tiger Healthcare Buyer, LLC (f)(i)(l)	Revolving Credit Facility		-		-	2/27/2030		-		(21,221	)		(25,000	)
VIP Medical US Buyer, LLC (i)(l)(m)	Term Loan	SOFR	+	5.75%	11.19%	12/12/2028		5,530,775		5,404,125			5,486,529
										90,726,128			92,037,928		15.72%
Health Care Supplies
C2DX, Inc (i)(l)(m)	Term Loan	SOFR	+	5.25%	10.59%	3/19/2030		7,614,273		7,503,233			7,576,201

The accompanying notes are an integral part of these consolidated financial statements

11

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
C2DX, Inc (f)(i)(l)	Revolving Credit Facility	SOFR	+	5.25%	10.59%	3/19/2030		221,614	$	193,333		$	211,764
C2DX, Inc (f)(i)(l)	Delayed Draw Term Loan		-		-	3/19/2030		-		(70,606	)		(24,624	)
										7,625,960			7,763,341		1.33%
Health Care Technology
Athenahealth Group Inc (h)(k)(l)(n)	Term Loan	SOFR	+	3.25%	8.59%	2/15/2029		4,974,619		4,964,498			4,952,880
										4,964,498			4,952,880		0.84%
Home Improvement Retail
LBM Acquisition LLC (h)(j)(l)(n)	Term Loan	SOFR	+	3.75%	9.18%	6/6/2031		4,000,000		3,960,109			3,928,880
										3,960,109			3,928,880		0.67%
Human Resource & Employment Services
Future Care Associates LLC (i)(l)	Term Loan	SOFR	+	5.25%	10.73%	1/27/2029		17,258,552		16,919,598			16,913,381
Future Care Associates LLC (i)(l)(m)	Term Loan	SOFR	+	5.25%	10.73%	1/27/2029		15,000,000		14,704,199			14,700,000
										31,623,797			31,613,381		5.39%
Industrial Machinery & Supplies & Components
Astro Acquisition LLC (i)(l)(m)	Term Loan	SOFR	+	5.50%	10.83%	12/13/2027		24,937,500		24,712,183			24,812,813
Endurance PT Technology Buyer Corporation (i)(l)(m)	Term Loan	SOFR	+	5.25%	10.59%	2/28/2030		18,153,404		17,801,472			18,017,254
Endurance PT Technology Buyer Corporation (f)(i)(l)	Revolving Credit Facility		-		-	2/28/2030		-		(18,922	)		(7,500	)
Endurance PT Technology Buyer Corporation (i)(l)(m)	Term Loan	SOFR	+	5.25%	10.59%	2/28/2030		15,200,895		14,935,115			14,934,880
Lake Air Products, LLC (i)(l)	Term Loan	SOFR	+	6.75%	12.23%	1/9/2029		9,446,326		9,187,616			9,389,648
MoboTrex, LLC (i)(l)(m)	Term Loan	SOFR	+	5.50%	10.84%	6/7/2030		6,910,979		6,773,833			6,772,759
MoboTrex, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	6/7/2030		-		(39,459	)		(39,871	)
MoboTrex, LLC (f)(i)(l)	Revolving Credit Facility		-		-	6/7/2030		-		(26,299	)		(26,581	)
										73,325,539			73,853,402		12.59%
Insurance Brokers
Acrisure LLC (h)(l)	Term Loan	SOFR	+	3.50%	8.94%	2/15/2027		4,987,013		4,987,013			4,979,632
Acrisure LLC (h)(l)	Term Loan	SOFR	+	3.25%	8.59%	11/6/2030		9,925,000		9,801,735			9,906,440
Alera Group, Inc. (f)(j)(l)	Delayed Draw Term Loan	SOFR	+	5.75%	11.08%	9/30/2028		440,113		426,392			440,113

The accompanying notes are an integral part of these consolidated financial statement

12

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Jones Deslauriers Insurance Managment Inc (h)(l)(n)	Term Loan	SOFR	+	3.50%	8.83%	3/15/2030		9,975,000	$	9,906,036		$	9,970,013
										25,121,176			25,296,198		4.32%
Internet Services & Infrastructure
Constant Contact Inc (h)(j)(l)(n)	Term Loan	SOFR	+	4.00%	9.57%	2/10/2028		987,793		990,181			972,645
Peraton Corp (h)(j)(l)(n)	Term Loan	SOFR	+	3.75%	9.19%	2/1/2028		4,973,735		4,979,419			4,971,646
										5,969,600			5,944,291		1.02%
Life Sciences Tools & Services
WCI-BXC Purchaser, LLC (f)(j)(l)	Revolving Credit Facility		-		-	11/6/2029		-		(22,346	)		-
WCI-BXC Purchaser, LLC (j)(l)(m)	Term Loan	SOFR	+	6.25%	11.59%	11/6/2030		27,275,101		26,634,362			27,275,101
										26,612,016			27,275,101		4.65%
Metal, Glass & Plastic Containers
AOT Packaging Products Acquisitionco LLC (h)(k)(l)	Term Loan	SOFR	+	3.25%	8.71%	3/3/2028		3,989,717		3,977,427			3,979,344
										3,977,427			3,979,344		0.68%
Oil & Gas Refining & Marketing
EG America LLC (h)(k)(l)(n)	Term Loan	SOFR	+	5.50%	11.07%	2/7/2028		7,443,750		7,329,452			7,353,697
										7,329,452			7,353,697		1.25%
Packaged Foods & Meats
CCI Prime, LLC (i)(l)(m)	Term Loan	SOFR	+	6.00%	11.33%	10/18/2029		19,726,028		19,273,486			19,478,368
CCI Prime, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	10/18/2029		-		(44,295	)		(27,957	)
CCI Prime, LLC (f)(i)(l)	Revolving Credit Facility		-		-	10/18/2029		-		(22,142	)		(14,000	)
										19,207,049			19,436,411		3.32%
Personal Care Products
Conair Holdings LLC (h)(k)(l)	Term Loan	SOFR	+	3.75%	9.21%	5/17/2028		2,493,590		2,484,297			2,477,706

The accompanying notes are an integral part of these consolidated financial statements

13

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
									$	2,484,297		$	2,477,706		0.42%
Pharmaceuticals
Alcami Corporation (i)(l)(m)	Term Loan	SOFR	+	7.00%	12.49%	12/21/2028		9,875,000		9,505,386			9,875,000
										9,505,386			9,875,000		1.68%
Property & Casualty Insurance
Amynta Agency Borrower Inc (h)(l)(n)	Term Loan	SOFR	+	3.75%	9.09%	2/28/2028		7,000,000		7,000,000			7,010,010
Asurion LLC (h)(l)	Term Loan	SOFR	+	4.00%	9.44%	8/19/2028		4,974,684		4,964,549			4,914,042
Asurion LLC (h)(l)	Term Loan	SOFR	+	4.25%	9.69%	8/19/2028		4,974,811		4,970,498			4,931,978
										16,935,047			16,856,030		2.88%
Research & Consulting Services
Corelogic Inc (h)(k)(l)(n)	Term Loan	SOFR	+	3.50%	8.96%	6/2/2028		4,987,179		4,949,901			4,905,240
										4,949,901			4,905,240		0.84%
Security & Alarm Services
Allied Universal, LLC (h)(k)(l)(n)	Term Loan	SOFR	+	3.75%	9.19%	5/14/2028		5,951,912		5,941,856			5,926,438
										5,941,856			5,926,438		1.01%
Soft Drinks & Non-alcoholic Beverages
Naked Juice LLC (h)(l)(n)	Term Loan	SOFR	+	3.25%	8.69%	1/24/2029		3,989,822		3,882,254			3,693,697
Refresh Buyer, LLC (j)(l)(m)	Term Loan	SOFR	+	5.50%	10.83%	12/23/2028		11,195,518		10,992,545			11,173,127
Refresh Buyer, LLC (f)(j)(l)	Delayed Draw Term Loan		-		-	12/23/2028		-		(24,670	)		(5,626	)
										14,850,129			14,861,198		2.53%
Specialized Consumer Services
COP Foundations Acquisitions Inc. (i)(l)	Term Loan	SOFR	+	5.00%	10.34%	5/6/2029		5,866,215		5,764,939			5,763,556
COP Foundations Acquisitions Inc. (f)(i)(l)	Delayed Draw Term Loan		-		-	5/6/2029		-		(62,337	)		(128,323	)
COP Foundations Acquisitions Inc. (f)(i)(l)	Revolving Credit Facility		-		-	5/6/2029		-		(31,133	)		(32,081	)
Door Pro Buyer, LLC (i)(l)	Term Loan	SOFR	+	6.50%	11.93%	11/2/2029		12,507,660		12,219,042			12,144,938
Door Pro Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	11/2/2029		-		(113,716	)		(295,577	)

The accompanying notes are an integral part of these consolidated financial statements

14

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Door Pro Buyer, LLC (f)(i)(l)	Revolving Credit Facility		-		-	11/2/2029		-	$	(75,770	)	$	(98,526	)
Mustang Prospects Purchaser LLC (j)(l)	Term Loan	SOFR	+	5.00%	10.33%	6/13/2031		15,560,107		15,404,506			15,404,506
Mustang Prospects Purchaser LLC (f)(j)(l)	Delayed Draw Term Loan		-		-	6/13/2031		-		(18,186	)		(36,612	)
Mustang Prospects Purchaser LLC (f)(j)(l)	Revolving Credit Facility		-		-	6/13/2031		-		(22,729	)		(22,883	)
Quick Roofing Acquisition, LLC (i)(l)(m)	Term Loan	SOFR	+	5.75%	11.18%	12/22/2029		10,602,459		10,353,430			10,602,459
Quick Roofing Acquisition, LLC (f)(i)(l)	Revolving Credit Facility		-		-	12/22/2029		-		(22,874	)		-
Quick Roofing Acquisition, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	12/22/2029		-		(318,834	)		-
SCP WQS Buyer, LLC (i)(l)(m)	Term Loan	SOFR	+	5.75%	11.08%	10/2/2028		7,638,213		7,486,780			7,638,213
SCP WQS Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	5.75%	11.08%	10/2/2028		5,173,019		4,832,466			5,173,019
SCP WQS Buyer, LLC (f)(i)(l)	Revolving Credit Facility	SOFR	+	5.75%	11.08%	10/2/2028		160,000		140,798			160,000
Spin Holdco Inc (h)(j)(l)(n)	Term Loan	SOFR	+	4.00%	9.60%	3/4/2028		4,974,293		4,446,224			4,215,713
USW Buyer, LLC (i)(l)(m)	Term Loan	SOFR	+	6.25%	11.68%	11/3/2028		4,925,000		4,789,929			4,688,600
USW Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	6.25%	11.68%	11/3/2028		8,621,750		8,449,674			8,095,106
										73,222,209			73,272,108		12.49%
Specialized Finance
WH Borrower LLC (k)(l)	Term Loan	SOFR	+	5.50%	10.82%	2/15/2027		9,924,623		9,504,731			9,726,131
										9,504,731			9,726,131		1.66%
Specialty Chemicals
Aruba Investment Holdings LLC (h)(j)(l)(n)	Term Loan	SOFR	+	4.00%	9.44%	11/24/2027		997,436		990,030			988,289
Herens US Holdco Corp (h)(j)(l)(n)	Term Loan	SOFR	+	3.93%	9.36%	7/3/2028		3,990,000		3,902,372			3,862,121
										4,892,402			4,850,410		0.83%
Systems Software
McAfee Corp (h)(k)(l)(n)	Term Loan	SOFR	+	3.25%	8.58%	3/1/2029		4,987,310		4,981,076			4,975,639
										4,981,076			4,975,639		0.85%
Trading Companies & Distributors
Belt Power Holdings LLC (i)(l)(m)	Term Loan	SOFR	+	6.00%	11.48%	8/22/2028		6,435,000		6,359,615			6,422,130

The accompanying notes are an integral part of these consolidated financial statements

15

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)		Fair Value (e)		Percentage of Net Assets
Belt Power Holdings LLC (i)	Term Loan	SOFR	+	6.00%	11.48%	8/22/2028		1,729,191	$	1,695,051	$	1,725,732
Foundation Building Materials Inc (h)(l)	Term Loan	SOFR	+	4.00%	9.33%	1/29/2031		9,975,000		9,954,944		9,916,846
										18,009,610		18,064,708	3.07%
Transaction & Payment Processing Services
MoneyGram International Inc (h)(k)(l)(n)	Term Loan	SOFR	+	4.75%	10.08%	6/3/2030		9,500,000		9,476,715		9,454,875
										9,476,715		9,454,875	1.61%
Total First Lien Debt										869,879,837		877,159,756	149.62%
Second Lien Debt
Property & Casualty Insurance
Asurion LLC (h)(l)	Term Loan	SOFR	+	5.25%	10.71%	1/31/2028		5,000,000		4,842,136		4,638,300
Asurion LLC (h)(l)	Term Loan	SOFR	+	5.25%	10.71%	1/20/2029		5,000,000		4,779,506		4,598,450
										9,621,642		9,236,750	1.57%
Total Second Lien Debt										9,621,642		9,236,750	1.57%
Equity
Diversified Support Services
Air Control Concepts Holdings, L.P (n)(o)	Class A-1 Units							22,007		220,070		759,023
										220,070		759,023	0.13%
Food Distributors
MFI Group Holdings, LLC (o)	Class A Units							201		201,269		201,270
										201,269		201,270	0.03%
Health Care Services
Tiger Healthcare Holdings, LLC (l)(o)	Class A Interest							438,750		562,500		491,400

The accompanying notes are an integral part of these consolidated financial statements

16

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)	Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)		Fair Value (e)		Percentage of Net Assets
							$	562,500	$	491,400	0.08%
Human Resource & Employment Services
FCA Partners LLC (n)(o)	Common Units					200,000		2		2
FCA Partners LLC (n)(o)	Class A Preferred Units					200,000		200,000		124,000
								200,002		124,002	0.02%
Industrial Machinery & Supplies & Components
Endurance PT Technology Holdings LLC (l)(o)	Common Units					464		46,374		80,210
Endurance PT Technology Holdings LLC (l)(o)	Preferred Units					417		417,367		427,070
MoboTrex Ultimate Holdings, LLC (o)	Class A-2 Units					443,011		443,011		443,011
								906,752		950,291	0.16%
Life Sciences Tools & Services
WCI-BXC Investment Holdings LP (l)(n)(o)	Equity Interest					587,838		588,357		587,838
								588,357		587,838	0.10%
Packaged Foods & Meats
CCI Prime Holdings, LLC (o)	Series A Preferred Units					428		427,914		443,680
								427,914		443,680	0.08%
Specialized Consumer Services
COP Foundations Investment, LLC (l)(o)	Class A Units					366,638		366,638		381,304

The accompanying notes are an integral part of these consolidated financial statements

17

Fidelity Private Credit Fund

Consolidated Schedule of Investments

June 30, 2024

(unaudited)

Investments (a)	Type	Reference Rate and Spread (b)	Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)		Fair Value (e)		Percentage of Net Assets
Door Pro Holdings LLC (l)(o)	Equity Interest					340	$	339,744	$	183,499
Quick Roofing Acquisition, LLC (l)(o)	Class A Interest					426,230		426,230		579,672
								1,132,612		1,144,475	0.20%
Total Equity								4,239,476		4,701,979	0.80%
Money Market Mutual Funds
Mutual Funds
State Street Institutional Treasury Plus Money Market Fund - 5.17% (h)(p)(q)	Investor Class Units					119,443		119,443		119,443
								119,443		119,443	0.02%
Total Money Market Mutual Funds								119,443		119,443	0.02%
Total Investments -- non-controlled/ non-affiliate								883,860,398		891,217,928	152.01%
Investments -- non-controlled/ affiliate
Fixed Income Mutual Funds
Mutual Funds
Fidelity Floating Rate Central Fund (h)(l)(n)(g)	Mutual Fund					263,575		25,613,606		25,822,455
								25,613,606		25,822,455	4.40%
Total Fixed Income Mutual Funds								25,613,606		25,822,455	4.40%
Total Investments -- non-controlled/ affiliate								25,613,606		25,822,455	4.40%
Total Investment Portfolio							$	909,474,004	$	917,040,383	156.41%

(a)All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted.

(b)Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to Secured Overnight Funds Rate (SOFR), which reset monthly, quarterly, or semi-annually. For each loan, the Fund has indicated the reference rate used and provided the spread and the interest rate in effect as of June 30, 2024.

(c)The total par amount is presented for debt investments and the number of shares or units owned is presented for equity investments.

(d)All debt investments are shown at amortized cost. All equity investments are shown at identified cost.

(e)Unless otherwise indicated, investments were valued using unobservable inputs and are considered Level 3 investments.

(f)Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative amortized cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. Negative fair value is the result of the unfunded commitment being valued below par and/or the capitalized discount on the loan. The unfunded loan commitment may be subject to a commitment termination date and may expire prior to the maturity date stated. See Notes to Financial Statements for more information on the Fund's unfunded commitments.

(g)Affiliated fund. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, the Fund's financial statements are available on the SEC's website or upon request.

(h)These investments were not valued using unobservable inputs and are not considered Level 3 investments.

(i)The interest rate floor on these investments as of June 30, 2024 was 1.00%.

(j)The interest rate floor on these investments as of June 30, 2024 was 0.75%.

(k)The interest rate floor on these investments as of June 30, 2024 was 0.50%.

(l)Security or portion of the security is pledged as collateral for JPMorgan Lending Facility.

The accompanying notes are an integral part of these consolidated financial statements

18

(m)Security or portion of the security is pledged as collateral for BNP Lending Facility.

(n)The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Fund may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Fund’s total assets. As of June 30, 2024, non-qualifying assets amounted to $179,595,562 which represents 18.3% of total assets as calculated in accordance with regulatory requirements.

(o)Restricted securities (including private placements) – Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $4,701,979 or 0.8% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost ($)
Air Control Concepts Holdings, L.P	4/11/2023	$	220,070
CCI Prime Holdings, LLC	10/18/2023	$	427,914
COP Foundations Investment, LLC	4/14/2024	$	366,638
Door Pro Holdings LLC	11/2/2023	$	339,744
Endurance PT Technology Holdings LLC	2/29/2024	$	46,374
Endurance PT Technology Holdings LLC	2/29/2024	$	417,367
FCA Partners LLC	4/17/2023	$	2
FCA Partners LLC	4/17/2023	$	200,000
MFI Group Holdings, LLC	4/8/2024	$	201,270
MoboTrex Ultimate Holdings, LLC	6/7/2024	$	443,011
Quick Roofing Acquisition, LLC	12/22/2023	$	426,230
Tiger Healthcare Holdings, LLC	2/27/2024	$	562,500
WCI-BXC Investment Holdings LP	11/6/2023	$	588,357

(p)The rate quoted is the annualized seven-day yield of the fund at period end.

(q)Security is classified as a short-term security.

The accompanying notes are an integral part of these consolidated financial statements

19

Fidelity Private Credit Fund

Consolidated Schedule of Investments

December 31, 2023

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Investments -- non-controlled/ non-affiliate
First Lien Debt
Advertising
MMGY Global LLC (i)(l)	Term Loan	SOFR	+	6.00%	11.50%	4/25/2029		8,504,250	$	8,319,020		$	8,368,182
MMGY Global LLC (f)(i)(l)	Revolving Credit Facility		-		-	4/25/2029		-		(44,507	)		(32,709	)
										8,274,513			8,335,473		2.05%
Aerospace & Defense
Cadence - Southwick, Inc. (i)(l)	Term Loan	SOFR	+	6.75%	12.24%	5/3/2029		7,190,498		6,990,934			7,183,307
Cadence - Southwick, Inc. (f)(i)(l)	Revolving Credit Facility	SOFR	+	6.75%	12.26%	5/3/2028		266,667		240,521			265,667
Cadence - Southwick, Inc. (i)(l)	Term Loan	SOFR	+	6.00%	11.47%	5/3/2029		1,337,935		1,311,229			1,311,177
										8,542,684			8,760,151		2.16%
Air Freight & Logistics
R1 Holdings Merger Sub, LLC (i)(l)	Term Loan	SOFR	+	6.25%	11.72%	12/29/2028		5,366,350		5,181,771			5,366,350
STG Logistics Inc (j)(l)	Term Loan	SOFR	+	6.00%	11.50%	3/24/2028		9,950,000		9,586,350			9,303,250
										14,768,121			14,669,600		3.61%
Application Software
ACP Avenu Buyer, LLC (i)(l)	Term Loan	SOFR	+	6.25%	11.64%	10/2/2029		17,187,500		16,724,267			16,964,063
ACP Avenu Buyer, LLC (f)(i)(l)	Revolving Credit Facility		-		-	10/2/2029		-		(26,408	)		(13,000	)
ACP Avenu Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	10/2/2029		-		(123,144	)		(121,063	)
ACP Falcon Buyer, Inc. (i)(l)	Term Loan	SOFR	+	6.50%	11.85%	8/1/2029		21,223,555		20,606,943			20,926,425
ACP Falcon Buyer, Inc. (f)(i)(l)	Revolving Credit Facility		-		-	8/1/2029		-		(27,997	)		(14,000	)
Applied Sys Inc (h)(k)(l)(m)	Term Loan	SOFR	+	4.50%	9.85%	9/19/2026		7,481,156		7,525,207			7,507,490
Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. (i)(l)	Term Loan	SOFR	+	7.25%	12.61%	12/9/2029		5,138,234		4,939,299			5,138,234

The accompanying notes are an integral part of these consolidated financial statements

20

Fidelity Private Credit Fund

Consolidated Schedule of Investments

December 31, 2023

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. (i)(l)	Term Loan	SOFR	+	6.75%	12.11%	12/9/2029		27,203,390	$	26,660,737		$	26,713,729
DH Corporation/Société DH (i)(l)(m)	Term Loan	SOFR	+	7.25%	12.71%	9/13/2029		254,481		249,568			252,445
Finastra USA Inc (i)(l)(m)	Term Loan	SOFR	+	7.25%	12.71%	9/13/2029		10,896,399		10,686,030			10,809,228
Prism Parent Co Inc. (j)(l)	Term Loan	SOFR	+	5.75%	11.11%	9/16/2028		5,133,167		4,967,252			5,081,836
User Zoom Technologies, Inc (i)(l)	Term Loan	SOFR	+	7.50%	12.99%	4/5/2029		10,000,000		9,667,291			9,890,000
										101,849,045			103,135,387		25.42%
Automotive Parts & Equipment
American Trailer Rental Group, LLC (i)(l)	Term Loan	SOFR	+	5.75%	11.25%	6/1/2027		14,925,000		14,529,819			14,641,425
American Trailer Rental Group, LLC (i)(l)	Term Loan	SOFR	+	5.75%	11.25%	6/1/2027		4,987,500		4,871,200			4,892,738
										19,401,019			19,534,163		4.82%
Building Products
Copperweld Group, Inc. (i)(l)	Term Loan	SOFR	+	6.00%	11.61%	3/31/2026		6,225,412		6,044,231			6,194,285
										6,044,231			6,194,285		1.53%
Commodity Chemicals
Soteria Flexibles Corporation (f)(i)(l)	Delayed Draw Term Loan		-		-	8/15/2029		-		(76,841	)		(91,388	)
Soteria Flexibles Corporation (i)(l)	Term Loan	SOFR	+	5.75%	11.10%	8/15/2029		8,797,297		8,583,422			8,674,135
Soteria Flexibles Corporation (f)(i)(l)	Revolving Credit Facility		-		-	8/15/2029		-		(23,483	)		(14,000	)
										8,483,098			8,568,747		2.12%
Diversified Financial Services
Clue Opco LLC (h)(j)(l)(m)	Term Loan	SOFR	+	4.50%	9.86%	12/19/2030		5,000,000		4,800,569			4,729,150
										4,800,569			4,729,150		1.17%

The accompanying notes are an integral part of these consolidated financial statements

21

Fidelity Private Credit Fund

Consolidated Schedule of Investments

December 31, 2023

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Diversified Support Services
Hobbs & Associates Inc (i)(l)	Term Loan	SOFR	+	6.50%	12.00%	4/11/2029		2,037,621	$	1,988,709		$	2,037,621
Hobbs & Associates Inc (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	6.50%	11.86%	4/11/2029		3,526,769		3,424,369			3,526,769
Hobbs & Associates, LLC (i)(l)	Term Loan	SOFR	+	6.50%	11.95%	4/11/2029		7,194,019		6,993,967			7,194,019
Hobbs & Associates, LLC (i)(l)	Delayed Draw Term Loan	SOFR	+	6.50%	11.95%	4/11/2029		8,141,317		7,926,109			8,141,317
MRI Acquisitions, Inc (i)(l)	Term Loan	SOFR	+	6.25%	11.75%	12/30/2025		5,773,583		5,642,731			5,611,923
Omnia Partners LLC (f)(h)(l)	Delayed Draw Term Loan		-		-	7/25/2030		-		(173	)		3,590
Omnia Partners LLC (h)(l)	Term Loan	SOFR	+	4.25%	9.63%	7/25/2030		6,787,396		6,783,539			6,825,609
Prometric Holdings (h)(k)(l)(m)	Term Loan	SOFR	+	5.25%	10.70%	1/29/2028		4,000,000		3,980,138			3,988,760
Ruppert Landscape, LLC (j)(l)	Term Loan	SOFR	+	6.00%	11.68%	12/1/2028		4,950,284		4,800,173			4,880,980
										41,539,562			42,210,588		10.39%
Education Services
KUEHG Corp (h)(k)(l)	Term Loan	SOFR	+	5.00%	10.35%	6/12/2030		7,481,250		7,125,893			7,505,040
										7,125,893			7,505,040		1.85%
Environmental & Facilities Services
Pavement Partners Interco, LLC (i)(l)	Term Loan	SOFR	+	6.75%	12.27%	2/7/2028		8,029,774		7,956,128			7,965,536
Pavement Partners Interco, LLC (i)(l)	Delayed Draw Term Loan	SOFR	+	6.75%	12.42%	2/7/2028		1,150,000		1,125,273			1,140,800
Pavement Partners Interco, LLC (f)(i)(l)	Revolving Credit Facility		-		-	2/7/2028		-		(6,643	)		(6,030	)
Pavement Partners Interco, LLC (i)(l)	Term Loan	SOFR	+	6.75%	12.28%	2/7/2028		10,449,360		10,148,107			10,365,765
										19,222,865			19,466,071		4.79%
Food Retail
Cardenas Merger Sub LLC (h)(j)(l)(m)	Term Loan	SOFR	+	6.75%	12.20%	8/1/2029		7,443,467		7,264,350			7,432,302
										7,264,350			7,432,302		1.83%

The accompanying notes are an integral part of these consolidated financial statements

22

Fidelity Private Credit Fund

Consolidated Schedule of Investments

December 31, 2023

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Health Care Facilities
Infusion Services Management, LLC (i)(l)	Term Loan	SOFR	+	6.50%	11.98%	7/7/2028		11,878,151	$	11,541,941		$	11,759,369
Infusion Services Management, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	7/7/2028		-		(119,995	)		(44,050	)
Infusion Services Management, LLC (f)(i)(l)	Revolving Credit Facility	SOFR	+	6.50%	12.00%	7/7/2028		995,031		966,499			985,031
										12,388,445			12,700,350		3.13%
Health Care Services
AB Centers Acquisition Corporation (j)(l)	Term Loan	SOFR	+	6.00%	11.46%	9/6/2028		4,958,949		4,738,316			4,958,949
AB Centers Acquisition Corporation (f)(j)(l)	Revolving Credit Facility		-		-	9/6/2028		-		(55,910	)		-
AB Centers Acquisition Corporation (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	6.00%	11.46%	9/6/2028		3,602,586		3,414,009			3,602,586
AB Centers Acquisition Corporation (j)(l)	Term Loan	SOFR	+	6.00%	11.46%	9/6/2028		2,573,276		2,503,835			2,573,276
Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. (i)(l)	Term Loan	SOFR	+	6.50%	11.97%	1/3/2029		9,405,742		9,145,917			9,349,308
Houseworks Holdings, LLC (i)(l)	Term Loan	SOFR	+	6.50%	11.93%	12/16/2028		4,950,000		4,773,256			4,920,300
Houseworks Holdings, LLC (f)(i)(l)	Revolving Credit Facility		-		-	12/16/2028		-		(14,359	)		(3,061	)
Houseworks Holdings, LLC (i)(l)	Term Loan	SOFR	+	6.50%	12.04%	12/16/2028		3,053,571		2,965,461			3,047,464
Houseworks Holdings, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	12/16/2028		-		(30,179	)		(2,857	)
VIP Medical US Buyer, LLC (i)(l)	Term Loan	SOFR	+	5.50%	10.96%	12/12/2028		5,558,850		5,420,288			5,503,262
										32,860,634			33,949,227		8.36%
Industrial Machinery & Supplies & Components
Lake Air Products, LLC (i)(l)	Term Loan	SOFR	+	6.75%	12.25%	1/9/2029		9,567,700		9,281,727			9,395,481
										9,281,727			9,395,481		2.32%
Insurance Brokers
Acrisure LLC (h)(l)	Term Loan	SOFR	+	4.50%	9.89%	11/6/2030		9,949,875		9,826,653			9,958,133
Alera Group, Inc. (f)(j)(l)	Delayed Draw Term Loan		-		-	9/30/2028		-		(13,202	)		(21,611	)
Jones Deslauriers Insurance Management Inc (h)(l)(m)	Term Loan	SOFR	+	4.25%	9.62%	3/15/2030		10,000,000		9,926,468			10,029,200
										19,739,919			19,965,722		4.91%

The accompanying notes are an integral part of these consolidated financial statements

23

Fidelity Private Credit Fund

Consolidated Schedule of Investments

December 31, 2023

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Life Sciences Tools & Services
WCI-BXC Purchaser, LLC (f)(j)(l)	Revolving Credit Facility		-		-	11/6/2029		-	$	(24,388	)	$	(15,000	)
WCI-BXC Purchaser, LLC (j)(l)	Term Loan	SOFR	+	6.25%	11.64%	11/6/2030		27,412,162		26,731,814			27,000,980
										26,707,426			26,985,980		6.65%
Oil & Gas Refining & Marketing
EG America LLC (k)(l)(m)	Term Loan	SOFR	+	5.50%	9.66%	2/7/2028		1,995,000		1,945,000			1,935,150
EG America LLC (h)(k)(l)(m)	Term Loan	SOFR	+	5.50%	11.24%	2/7/2028		5,486,250		5,385,600			5,376,525
										7,330,600			7,311,675		1.80%
Packaged Foods & Meats
CCI Prime, LLC (i)(l)	Term Loan	SOFR	+	6.00%	11.35%	10/18/2029		19,825,153		19,338,014			19,349,350
CCI Prime, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	10/18/2029		-		(48,327	)		(47,926	)
CCI Prime, LLC (f)(i)(l)	Revolving Credit Facility		-		-	10/18/2029		-		(24,181	)		(24,000	)
										19,265,506			19,277,424		4.75%
Pharmaceuticals
Alcami Corporation (i)(l)	Term Loan	SOFR	+	7.00%	12.46%	12/21/2028		9,900,000		9,498,393			9,900,000
										9,498,393			9,900,000		2.44%
Soft Drinks & Non-alcoholic Beverages
Refresh Buyer LLC (j)(l)	Term Loan	SOFR	+	5.25%	10.60%	12/23/2028		11,251,777		11,031,110			11,060,497
Refresh Buyer LLC (f)(j)(l)	Delayed Draw Term Loan		-		-	12/23/2028		-		(27,302	)		(47,820	)
										11,003,808			11,012,677		2.72%

The accompanying notes are an integral part of these consolidated financial statements

24

Fidelity Private Credit Fund

Consolidated Schedule of Investments

December 31, 2023

Investments (a)	Type	Reference Rate and Spread (b)			Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)			Fair Value (e)			Percentage of Net Assets
Specialized Consumer Services
Door Pro Buyer, LLC (i)(l)	Term Loan	SOFR	+	6.00%	11.54%	11/2/2029		12,570,513	$	12,260,010		$	12,256,250
Door Pro Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	11/2/2029		-		(124,186	)		(254,808	)
Door Pro Buyer, LLC (f)(i)(l)	Revolving Credit Facility		-		-	11/2/2029		-		(82,709	)		(84,936	)
Quick Roofing Acquisition, LLC (i)(l)	Term Loan	SOFR	+	5.75%	11.21%	12/22/2029		10,655,738		10,389,935			10,389,344
Quick Roofing Acquisition, LLC (f)(i)(l)	Revolving Credit Facility		-		-	12/22/2029		-		(24,888	)		(25,000	)
Quick Roofing Acquisition, LLC (f)(i)(l)	Delayed Draw Term Loan		-		-	12/22/2029		-		(346,420	)		(347,951	)
SCP WQS Buyer, LLC (i)(l)	Term Loan	SOFR	+	5.75%	11.10%	10/2/2028		7,676,596		7,508,567			7,538,417
SCP WQS Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	5.75%	11.10%	10/2/2028		3,164,894		2,784,807			2,845,872
SCP WQS Buyer, LLC (f)(i)(l)	Revolving Credit Facility		-		-	10/2/2028		-		(21,422	)		(18,000	)
Senske Lawn and Tree Care, LLC (j)(l)	Term Loan	SOFR	+	5.25%	10.60%	12/15/2028		4,950,000		4,809,404			4,920,300
Senske Lawn and Tree Care, LLC (j)(l)	Term Loan	SOFR	+	5.75%	11.10%	12/15/2028		5,970,000		5,830,442			5,958,060
Senske Lawn and Tree Care, LLC (j)(l)	Term Loan	SOFR	+	5.50%	10.85%	12/15/2028		2,743,125		2,690,188			2,737,639
Senske Lawn and Tree Care, LLC (j)(l)	Term Loan	CDOR	+	5.50%	10.93%	12/15/2028		21,000,000		15,532,010			15,531,489
USW Buyer, LLC (i)(l)	Term Loan	SOFR	+	6.25%	11.82%	11/3/2028		4,950,000		4,801,007			4,841,100
USW Buyer, LLC (f)(i)(l)	Delayed Draw Term Loan	SOFR	+	6.25%	11.72%	11/3/2028		5,650,000		5,487,134			5,408,000
										71,493,879			71,695,776		17.66%
Specialized Finance
WH Borrower LLC (k)(l)	Term Loan	SOFR	+	5.50%	10.89%	2/15/2027		9,974,874		9,484,735			9,925,000
										9,484,735			9,925,000		2.45%
Trading Companies & Distributors
Belt Power Holdings LLC (i)(l)	Term Loan	SOFR	+	5.50%	11.00%	8/22/2028		6,467,500		6,382,563			6,441,630
										6,382,563			6,441,630		1.59%
Total First Lien Debt										482,753,585			489,101,899		120.52%

The accompanying notes are an integral part of these consolidated financial statements

25

Fidelity Private Credit Fund

Consolidated Schedule of Investments

December 31, 2023

Investments (a)	Type	Reference Rate and Spread (b)	Interest Rate (b)	Maturity Date	Par Amount/ Units (c)		Cost (d)		Fair Value (e)		Percentage of Net Assets
Equity
Diversified Support Services
Air Control Concepts Holdings, L.P (m)(n)	Class A-1 Units					22,007	$	220,070	$	439,040
								220,070		439,040	0.11%
Life Sciences Tools & Services
WCI-BXC Investment Holdings LP (l)(m)(n)	Equity Interest							588,357		593,716
								588,357		593,716	0.15%
Packaged Foods & Meats
CCI Prime Holdings, LLC (n)	Series A Preferred Units					428		427,914		435,635
								427,914		435,635	0.11%
Specialized Consumer Services
Door Pro Holdings LLC (l)(n)	Equity Interest							339,744		346,205
Quick Roofing Topco, LLC (l)(m)(n)	Class A Interest					426,230		426,230		426,230
								765,974		772,435	0.20%
Total Equity								2,002,315		2,240,826	0.57%
Money Market Mutual Funds
Mutual Funds
State Street Institutional Treasury Plus Money Market Fund - Investor Class, 5.23% (h)(o)	Mutual Fund					15,328,417		15,328,417		15,328,417
								15,328,417		15,328,417	3.78%
Total Money Market Mutual Funds								15,328,417		15,328,417	3.78%
Total Investments -- non-controlled/ non-affiliate								500,084,317		506,671,142	124.87%
Investments -- non-controlled/ affiliate
Fixed Income Mutual Funds
Mutual Funds
Fidelity Floating Rate Central Fund (h)(g)(l)(m)	Mutual Fund					251,629		24,436,874		24,795,483
								24,436,874		24,795,483	6.11%
Total Fixed Income Mutual Funds								24,436,874		24,795,483	6.11%
Total Investments -- non-controlled/ affiliate								24,436,874		24,795,483	6.11%
Total Investment Portfolio							$	524,521,191	$	531,466,625	130.98%

(a)All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted.

(b)Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to Secured Overnight Funds Rate (SOFR) or Canadian Dollar Offered Rate (CDOR), which reset daily, monthly, quarterly or semi-annually. For each loan, the Fund has indicated the reference rate used and provided the spread and the interest rate in effect as of December 31, 2023. The total par amount is presented for debt investments and the number of shares or units owned is presented for equity investments.

(c)The total par amount is presented for debt investments and the number of shares or units owned is presented for equity investments.

(d)All debt investments are shown at amortized cost. All equity investments are shown at identified cost.

(e)Unless otherwise indicated, these investments were valued using unobservable inputs and are considered Level 3 investments.

(f)Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative cost and fair value results from unamortized fees, which are capitalized to the investment cost. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. See Notes to Consolidated Financial Statements for more information on the Fund’s unfunded commitments.

The accompanying notes are an integral part of these consolidated financial statements

26

(g)Affiliated fund. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, the Fund's financial statements are available on the SEC's website or upon request.

(h)These investments were not valued using unobservable inputs and are not considered Level 3 investments.

(i)The interest rate floor on these investments as of December 31, 2023 was 1.00%.

(j)The interest rate floor on these investments as of December 31, 2023 was 0.75%.

(k)The interest rate floor on these investments as of December 31, 2023 was 0.50%.

(l)Security or portion of the security is pledged as collateral for JPMorgan Lending Facility.

(m)The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Fund may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Fund’s total assets. As of December 31, 2023, non-qualifying assets represented 14.4% of total assets as calculated in accordance with regulatory requirements.

(n)Restricted securities (including private placements) – Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $2,240,826 or 0.6% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost ($)
Air Control Concepts Holdings, L.P	4/11/2023	$	220,070
CCI Prime Holdings, LLC	10/18/2023	$	427,914
Door Pro Holdings LLC	11/2/2023	$	339,744
Quick Roofing Topco, LLC	12/22/2023	$	426,230
WCI-BXC Investment Holdings LP	11/6/2023	$	588,357

(o)The rate quoted is the annualized seven-day yield of the Fund at period end.

The accompanying notes are an integral part of these consolidated financial statements

27

Fidelity Private Credit Fund

Notes to Consolidated Financial Statements

(unaudited)

Note 1. Organization

Fidelity Private Credit Fund (the “Fund”) is a non-diversified, closed-end management investment company formed as a Delaware statutory trust on March 23, 2022. The Fund has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”) and also intends to elect to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a regulated investment company (“RIC”) as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Fund is externally managed by Fidelity Diversifying Solutions LLC (“FDS” or the “Adviser”), which is registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) and is an affiliate of FMR LLC (“FMR”) and its subsidiaries. The Fund commenced operations on March 13, 2023.

The Fund’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in directly originated loans to private companies but also in liquid credit investments, like broadly syndicated loans, and other select private credit investments. The Fund generally seeks to invest in loans that carry variable (i.e., “floating”) interest rates. Under normal circumstances, the Fund will invest at least 80% of its total assets in private credit investments. Specific private investments may include: (a) directly originated first lien loans, senior secured revolving lines of credit, term loans and delayed draw term loans, (b) directly originated second lien, last out senior, secured or unsecured mezzanine term loans and delayed draw term loans, (c) club deals (investments generally comprised from a small group of lenders), and broadly syndicated leveraged loans (investments generally arranged or underwritten by investment banks or other intermediaries), and (d) other debt (collectively referred to as "Private Credit"). The Adviser may also invest to a lesser degree in equity linked instruments (may include debt with warrants, preferred equity investments, or equity co-investments). The Adviser may lead and structure the transaction as sole-lender, as the agent of a club credit facility (a group of similar direct lenders that invest in the same tranches), or may participate as a non-agent investor in a large club or syndicated transactions. In order to provide liquidity for share repurchases, the Fund intends to maintain an allocation to syndicated loans and other liquid investments.

The Fund will invest at least 70% of its total assets in investments that meet regulatory requirements of the BDC structure, which will generally include investments in companies that are private and may be backed by a Sponsor but may also include investments in small capitalization public companies or companies that are backed by a non-private equity sponsor ownership group. The majority of the Fund’s investments will be loans targeted at private U.S. operating companies whose securities are not listed on a national securities exchange or registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and public U.S. operating companies having a market capitalization of less than $250,000,000. The Fund may also invest to a lesser degree in non-U.S. companies.

The Fund offers on a continuous basis up to $1,000,000,000 of common shares of beneficial interest (the “Common Shares”) pursuant to an offering registered with the SEC (the “Offering”). The Fund offers to sell any combination of three classes of Common Shares, Class S shares, Class D shares, and Class I shares, with a dollar value up to the maximum offering amount. The share classes have different ongoing distribution and/or shareholder servicing fees. The initial offering price for the Common Shares was $25.00 per share. Thereafter, the purchase price per share for each class of Common Shares equals the net asset value (“NAV”) per share as of the effective date of the monthly share purchase date.

Note 2. Significant Accounting Policies

The following is a summary of the significant accounting and reporting policies used in preparing the consolidated financial statements.

28

Basis of Presentation

The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). The Fund is an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 and pursuant to Regulation S-X. The functional currency is the U.S. Dollar and these consolidated financial statements have been prepared in that currency. These consolidated financial statements reflect all adjustments considered necessary for the fair presentation of consolidated financial statements for the period presented. Certain prior period information has been reclassified to conform to the current period presentation and this had no effect on the Fund’s consolidated financial position or the consolidated results of operations as previously reported.

Consolidation

The Fund will generally consolidate any wholly-owned, or substantially wholly-owned, subsidiary when the design and purpose of the subsidiary is to act as an extension of the Fund’s investment operations and to facilitate the execution of the Fund’s investment strategy. Accordingly, as of June 30, 2024 and December 31, 2023, the Fund consolidated the financial position and results of its wholly-owned subsidiaries in its consolidated financial statements. All intercompany transactions and balances have been eliminated in consolidation. Since the Fund is an investment company, portfolio investments held by the Fund are not consolidated into the consolidated financial statements. The portfolio investments held by the Fund (including investments held by consolidated subsidiaries) are included on the consolidated statements of assets and liabilities as investments at fair value.

Use of Estimates

The preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts may ultimately differ from those estimates and the differences could be material.

Organization and Offering Expenses

Organization expenses include, among other things, the cost of incorporating the Fund and the cost of legal services and other fees pertaining to the Fund’s organization. These costs are expensed as incurred.

The Fund’s offering expenses include, among other things, legal fees, registration fees and other costs pertaining to the preparation of the Fund’s registration statement (and any amendments or supplements thereto) relating to the Offering and associated marketing materials. Offering expenses are recorded as deferred offering costs on the consolidated statements of assets and liabilities and amortized to expense on the Fund’s consolidated statements of operations on a straight line-basis over 12 months from the date of incurrence.

Income Taxes

The Fund intends to elect to be treated as a RIC under the Code for its taxable year ending December 31, 2023 and all periods thereafter. So long as the Fund maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Fund would represent obligations of the Fund’s investors and would not be reflected in the consolidated financial statements of the Fund.

The Fund evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof.

29

The Fund estimates tax liabilities for certain of the Fund’s investments held through wholly-owned subsidiaries taxed as corporations which may be subject to federal and state taxes. The tax liability may differ materially depending on conditions when these investments earn income or are disposed. The estimated tax liability of $298,615 and $0 as of June 30, 2024, and December 31, 2023, respectively, is included in other accounts payable and accrued liabilities in the consolidated statements of assets and liabilities. For the three and six months ended June 30, 2024, an increase in estimated tax liability of $298,615 is included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. For the three and six months ended June 30, 2023, there was no estimated tax liability.

The Fund files a U.S. federal income tax return, in addition to state and local tax returns as required. The Fund’s U.S. federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

To qualify for and maintain qualification as a RIC, the Fund must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Fund must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses.

In addition, based on the excise tax distribution requirements, the Fund will be subject to a 4% nondeductible U.S federal excise tax on undistributed income unless the Fund distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Fund that is subject to corporate income tax is considered to have been distributed.

For the six months ended June 30, 2024 and for the period from inception to June 30, 2023, the Fund did not incur any U.S. federal income taxes, including excise taxes.

As of June 30, 2024 and December 31, 2023, $0 and $66,312, respectively, was recorded in excise tax payable on the consolidated statements of assets and liabilities.

Deferred Financing Costs

The Fund records costs related to issuance of revolving credit facilities as deferred financing costs on the consolidated statements of assets and liabilities. These costs are deferred and amortized using the straight-line method through interest expense on the consolidated statements of operations over the life of the related credit facility.

Investment Valuation

The Fund values its investments, upon which its NAV is based, in accordance with ASC 820, Fair Value Measurement, which defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also provides a framework for measuring fair value, establishes a fair value hierarchy based on the observability of inputs used to measure fair value and prescribes disclosure requirements for fair value measurements.

Pursuant to Rule 2a-5, the Board has designated the Adviser as the valuation designee responsible for valuing all of the Fund’s investments, including making fair valuation determinations as needed. The Adviser has established a fair value committee (the “Fair Value Committee”) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern activities of the Fair Value Committee and the performance of functions required to determine the fair value of a fund’s investments in good faith. These functions include periodically assessing and managing material risks associated with fair value determinations, selecting, applying, reviewing, and testing fair value methodologies, monitoring for circumstances that may necessitate the use of fair value, and overseeing and evaluating pricing services used.

30

In accordance with the Adviser’s policies and procedures, which have been approved by the Board, investments, including debt securities, that are publicly traded but for which no readily available market quotations exist are generally valued on the basis of information furnished by an independent third-party pricing service that uses a valuation matrix which incorporates both dealer-supplied valuations and electronic data processing techniques. To assess the continuing appropriateness of pricing sources and methodologies, the Adviser regularly performs price verification procedures, engages in oversight activities with respect to third-party pricing sources used and issues challenges as necessary to independent pricing services or brokers, and any differences are reviewed in accordance with the valuation procedures. The Adviser does not adjust the prices unless it has a reason to believe market quotations or prices received from third-party pricing services are not reflective of the fair value of an investment.

Investments that are not publicly traded or whose current market prices or quotations are not readily available are valued at fair value as determined by the Adviser in good faith pursuant to the Adviser’s Board-approved policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. In determining fair value of the Fund’s loan investments the types of factors that the Fair Value Committee may take into account generally include comparison to publicly-traded securities including such factors as yield, maturity and measures of credit quality, the enterprise value of the portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business and other relevant factors.

The Fund has engaged an independent valuation firm to prepare month-end valuation recommendations for investments for which market quotations are not readily available as of the last calendar day of each month. The independent valuation firm undertakes a full analysis of the investments and provides estimated fair values for such investments to the Adviser. The independent valuation firm also provides analyses to support their valuation methodology and calculations. The Adviser’s Fair Value Committee reviews and approves each valuation recommendation and confirms it has been calculated in accordance with the Board-approved policies and procedures. The Fair Value Committee manages the Fund’s fair valuation practices and maintains the fair valuation policies and procedures. The Adviser reports to the Board information regarding the fair valuation process and related material matters. The Board may determine to modify its designation of the Adviser as valuation designee, relating to any or all Fund investments, at any time.

Investment Transactions

For financial reporting purposes, the Fund’s investment holdings include trades executed through the end of the last business day of the period. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method and is recorded within net realized gain (loss) on investments on the consolidated statements of operations.

Interest Income

Interest income is accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities. Commitment fees, loan origination fees, original issue discount (“OID”) and market discount or premium are capitalized into the cost of the investment to which it applies and accreted into interest income. For the Fund’s investments in revolving credit facilities and delayed draw term loans, the cost basis of the investment is adjusted for any market discount or OID on the total balance committed. The fair value is also adjusted for price appreciation or depreciation on the unfunded portion. As a result, the purchase of commitments not fully funded may result in a negative cost and fair value until funded. Upon prepayment of a loan or debt instrument, any prepayment premium and any unamortized discount or premium are recognized through interest income.

Dividend Income

Dividend income earned on the Fund’s equity and mutual fund investments is recorded on an accrual basis to the extent that such amounts are payable and are expected to be collected. Dividend income is recorded on the record date for private portfolio companies or on the ex-dividend date for mutual funds.

Fee Income

The Fund earns certain fees in connection with its direct lending underwriting activities. These fees are in addition to interest payments earned and may include amendment fees, consent fees and syndication fees. Certain fees such as structuring fees and syndication fees are recorded as other income when earned. Administrative agent fees received by the Fund are recorded as other income when received.

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Non-Accrual Policy

Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured. As of June 30, 2024 and December 31, 2023, no loans in the portfolio were on non-accrual status.

Cash

Cash represents deposits maintained with the Fund’s custodian bank. At times, deposits may be in excess of federally insured limits. The Fund has not experienced any losses and does not believe it is exposed to any significant credit risk on such deposits.

Expenses

Expenses are recorded on the accrual basis. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Foreign Currency

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rate at period end. Purchases and sales of securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

Unrealized gains and losses on foreign currency holdings and non-investment assets and liabilities attributable to the changes in foreign currency exchange rates are included in the net change in unrealized appreciation/(depreciation) on foreign currency translation on the consolidated statements of operations. Net realized gains and losses on foreign currency holdings and non-investment assets and liabilities attributable to changes in foreign currency exchange rates are included in realized gain (loss) on foreign currency transactions on the consolidated statements of operations. The portion of both realized and unrealized gains and losses on investments that result from changes in foreign currency exchange rates is included in realized gain (loss) on investments and net change in unrealized appreciation (depreciation) on investments, respectively, on the consolidated statements of operations.

New Accounting Pronouncements

In November 2023, the FASB issued Accounting Standards Update (ASU) 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. Effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, the amendments enhance required disclosures of segment information for public entities on an annual and interim basis. The ASU allows for early adoption with updates applied retrospectively. Management is currently evaluating the impact on the consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024 for public business entities (PBEs), and December 15, 2025 for entities other than PBEs, the amendment requires greater disaggregation of income tax disclosures related to the income tax rate reconciliation for PBEs and income taxes paid for all entities. The ASU allows for early adoption and the Fund can elect to apply the amendments on a prospective or retrospective basis. Management is currently evaluating the impact on the consolidated financial statements.

Note 3. Related Party Agreements and Transactions

Investment Advisory Agreement

The Fund has entered into an Investment Advisory Agreement (the “Advisory Agreement”) with the Adviser, pursuant to which the Adviser will manage the Fund on a day-to-day basis. The Adviser is responsible for determining the composition of the Fund’s portfolio, making investment decisions, monitoring the Fund’s investments, performing due diligence on prospective portfolio companies, exercising voting rights in respect of portfolio securities, obtaining and managing financing facilities and other forms of leverage and providing the Fund with such other investment advisory and related services as the Fund may, from time to time, reasonably require for the investment of capital.

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The Fund will pay the Adviser a fee for its services under the Advisory Agreement consisting of two components, a management fee and an incentive fee. The cost of both the management fee and the incentive fee will ultimately be borne by the shareholders.

Management Fee

The management fee is payable monthly in arrears at an annual rate of 1.25% of the value of the Fund’s net assets as of the beginning of the first calendar day of the applicable month. For purposes of the Advisory Agreement, net assets mean the Fund’s total assets less liabilities determined on a consolidated basis in accordance with GAAP. For the first calendar month in which the Fund had operations, net assets was measured as the beginning net assets as of the date on which the Fund broke escrow, which was March 13, 2023. Fees payable for any partial period are appropriately prorated.

The Adviser agreed to waive the management fee for the first six months following the date on which the Fund broke escrow, which occurred on March 13, 2023. On August 9, 2023, the Adviser agreed to extend the waiver of the Fund's management fee until December 31, 2023.

For the three and six months ended June 30, 2024, management fees earned were $1,749,476 and $3,210,454, respectively, and there were no management fees waived. For the three and six months ended June 30, 2023, management fees earned were $481,257 and $546,448, respectively. All management fees incurred in the six months ended June 30, 2023 were voluntarily waived by the Adviser.

As of June 30, 2024 and December 31, 2023, $1,198,148 and $0, respectively, were payable to the Adviser for management fees.

Incentive Fees

The incentive fee will consist of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on a percentage of the Fund’s income and a portion is based on a percentage of the Fund’s capital gains, each as described below.

Incentive Fee based on Income

The incentive fee based on the Fund’s income is based on Pre-Incentive Fee Net Investment Income Returns attributable to each class of the Fund’s Common Shares. “Pre-Incentive Fee Net Investment Income Returns” means dividends, cash interest or other distributions or other cash income and any third-party fees received from portfolio companies such as upfront fees, commitment fees, origination fee, amendment fees, ticking fees and break-up fees, as well as prepayments premiums, but excluding fees for providing managerial assistance and fees earned by the Adviser or an affiliate accrued during the month, minus operating expenses for the month (including the management fee, taxes, any expenses payable under the Advisory Agreement and an administration agreement with the Fund’s administrator, any expense of securitizations, and interest expense or other financing fees and any dividends paid on preferred stock, but excluding the incentive fee and shareholder servicing and /or distribution fees). Pre-Incentive Fee Net Investment Income Returns includes, in the case of investments with a deferred interest feature (such as OID, debt instruments with payment-in-kind (“PIK”) interest and zero-coupon securities), accrued income that the Fund has not yet received in cash. Pre-Incentive Fee Net Investment Income Returns do not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. The impact of expense support payments and recoupments are also excluded from Pre-Incentive Fee Net Investment Income Returns.

Pre-Incentive Fee Net Investment Income Returns, expressed as a rate of return on the value of the Fund’s net assets at the end of the immediately preceding quarter, is compared to a “hurdle rate” of return of 1.25% per quarter (5.00% annualized).

The Fund will pay the Adviser an income based incentive fee quarterly in arrears with respect to the Fund’s Pre-Incentive Fee Net Investment Income Returns in each calendar quarter as follows:

▪No incentive fee based on Pre-Incentive Fee Net Investment Income Returns in any calendar quarter in which the Fund’s Pre-Incentive Fee Net Investment Income Returns attributable to the applicable share class do not exceed the hurdle rate of 1.25% per quarter (5.00% annualized);

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▪100% of the dollar amount of the Fund’s Pre-Incentive Fee Net Investment Income Returns with respect to that portion of such Pre-Incentive Fee Net Investment Income Returns attributable to the applicable share class, if any, that exceeds the hurdle rate but is less than a rate of return of 1.43% (5.72% annualized). This portion of the Fund’s Pre-Incentive Fee Net Investment Income Returns (which exceeds the hurdle rate but is less than 1.43%) is referred to as the “catch-up.” The “catch-up” is meant to provide the Adviser with approximately 12.5% of the Fund’s Pre-Incentive Fee Net Investment Income Returns as if a hurdle rate did not apply if this net investment income exceeds 1.43% in any calendar quarter; and

▪12.5% of the dollar amount of the Fund’s Pre-Incentive Fee Net Investment Income Returns attributable to the applicable share class, if any, that exceed a rate of return of 1.43% (5.72% annualized). This reflects that once the hurdle rate is reached and the catch-up is achieved, 12.5% of all Pre-Incentive Fee Net Investment Income Returns thereafter are allocated to the Adviser.

These calculations are pro-rated for any period of less than three months and adjusted for any share issuances or repurchases during the relevant quarter. The Adviser agreed to waive the incentive fee based on income for the first six months following the date on which the Fund broke escrow, which occurred on March 13, 2023. For the three and six months ended June 30, 2024, incentive fees based on income were $2,108,026 and $3,785,319, respectively. For the three and six months ended June 30, 2023, incentive fees based on income were $442,889 and $489,804, respectively. All incentive fees based on income incurred in 2023 were voluntarily waived by the Adviser.

As of June 30, 2024 and December 31, 2023, $2,108,026 and $0, respectively, were payable to the Adviser for incentive fees based on income.

Incentive Fee based on Capital Gains

The second component of the incentive fee, the capital gains incentive fee, is payable at the end of each calendar year in arrears. The amount payable equals 12.5% of cumulative realized capital gains attributable to the applicable share class from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid incentive fee on capital gains as calculated in accordance with GAAP.

US GAAP requires that the incentive fee accrual consider the cumulative aggregate unrealized appreciation of investments in the calculation, as an incentive fee would be payable if such unrealized appreciation were realized, even though such unrealized capital appreciation is not permitted to be considered in calculating the fee actually payable under the Advisory Agreement (the “GAAP Incentive Fee”). There can be no assurance that such unrealized appreciation will be realized in the future. Accordingly, such fee, as calculated and accrued, would not necessarily be payable under the Advisory Agreement, and may never be paid based upon the computation of incentive fees in subsequent periods. The accrual for any capital gains incentive fee under U.S. GAAP in a given period may result in an additional expense if such cumulative amount is greater than in the prior period or a reduction of previously recorded expense if such cumulative amount is less than in the prior period. If such cumulative amount is negative, then there is no accrual. For the three and six months ended June 30, 2024, $122,376 and $18,474, respectively, of expense was recognized related to the GAAP Incentive Fee and is recorded in capital gains incentive fees on the consolidated statements of operations. For the three and six months ended June 30, 2023 $55,095 and $185,262, respectively, of expense was recognized related to the GAAP Incentive Fee and is recorded in capital gains incentive fees on the consolidated statements of operations.

As of June 30, 2024 and December 31, 2023, $886,652 and $868,178, respectively, related to the GAAP Incentive Fee is recorded in capital gains incentive fee payable on the consolidated statements of assets and liabilities, none of which is payable under the Advisory Agreement.

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Administration Agreement

The Fund has entered into an Administration Agreement (the “Administration Agreement”) with FDS (the “Administrator”). Under the terms of the Administration Agreement, the Administrator provides, or oversees the performance of, administrative and compliance services necessary for the Fund's operations, including, but not limited to, maintaining financial records, overseeing the calculation of NAV, compliance monitoring (including diligence and oversight of our other service providers), preparing reports to shareholders and reports filed with the SEC and other regulators, preparing materials and coordinating meetings of our Board, managing the payment of expenses, the payment and receipt of funds for investments and the performance of administrative and professional services rendered by others and providing office space, equipment and office services. In consideration of the administrative services provided by the Administrator to the Fund, the Fund pays the Administrator a monthly fee of 0.02666% (0.32% on an annualized basis) of the Fund’s month-end NAV and reimburses the Administrator for the costs and expenses of the Fund incurred by the Administrator. The fee paid to the Administrator is an expense paid out of the Fund’s net assets and is computed based on the value of the net assets of the Fund as of the close of business on the last business day of each month (including any assets in respect of Common Shares that are repurchased as of the end of the quarter).

From time to time, FDS, in its capacity as both the Adviser and the Administrator or its affiliates may pay third-party providers of goods or services. Unless such expenses are specifically assumed by the Adviser, Administrator or its affiliates under the Advisory Agreement or Administration Agreement, the Fund will reimburse the Adviser, the Administrator or such affiliates thereof for any such amounts paid on the Fund’s behalf. From time to time, the Adviser or the Administrator may defer or waive fees and/or rights to be reimbursed for expenses.

Costs and expenses of FDS in its capacity as both the Administrator and the Adviser that are eligible for reimbursement by the Fund will be reasonably allocated to the Fund on the basis of time spent, assets under management, usage rates, proportionate holdings, a combination thereof or other reasonable methods determined by the Administrator.

For the three and six months ended June 30, 2024, the Fund incurred $453,724 and $831,925, respectively, in expenses under the Administration Agreement, which were recorded as Administration Fees on the consolidated statements of operations. For the three and six months ended June 30, 2023, the Fund incurred $124,127 and $140,941, respectively, in expenses under the Administration Agreement, pro-rated for the period March 13 (commencement of operations) through June 30, 2023, which were recorded as Administration Fees on the consolidated statements of operations.

As of June 30, 2024, $310,669 was unpaid and included in due to affiliates, net in the consolidated statements of assets and liabilities. As of December 31, 2023, $109,398 was unpaid and included in due from affiliates, net in the consolidated statements of assets and liabilities.

Certain Terms of the Advisory Agreement and Administration Agreement

Each of the Advisory Agreement and the Administration Agreement has been approved by the Board. Unless earlier terminated as described below, each of the Advisory Agreement and the Administration Agreement will remain in effect for a period of two years from the date it first becomes effective and will remain in effect from year-to-year thereafter if approved annually by a majority of the Board or by the holders of a majority of the Fund’s outstanding voting securities and, in each case, a majority of the Independent Trustees. The Fund may terminate the Advisory Agreement upon 60 days’ written notice, and the Administration Agreement upon 120 days’ written notice, without payment of any penalty. The decision to terminate either agreement may be made by a majority of the Board or the shareholders holding a majority of the Fund’s outstanding voting securities, which means the lesser of (1) 67% or more of the voting securities present at a meeting if more than 50% of the outstanding voting securities are present or represented by proxy, or (2) more than 50% of the outstanding voting securities. In addition, without payment of any penalty, the Adviser may terminate the Advisory Agreement upon 120 days’ written notice and the Administrator may terminate the Administration Agreement upon 120 days’ written notice. The Advisory Agreement will automatically terminate within the meaning of the 1940 Act and related SEC guidance and interpretations in the event of its assignment.

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Transfer Agent Agreement

The Fund has entered into a Transfer Agent Agreement with Fidelity Investments Institutional Operations Company LLC (“FIIOC”), an affiliate of the Adviser. In accordance with the Transfer Agent Agreement, FIIOC is the Fund’s transfer agent, distribution paying agent and registrar. FIIOC receives an asset-based fee with respect to each class of Common Shares. Each class pays a fee for transfer agent services equal to 0.0125% (0.15% on an annualized basis) of class-level net assets as of the end of the last business day of the month. Such fees are payable in arrears.

For the three and six months ended June 30, 2024, the Fund incurred $212,696 and $389,978, respectively, for transfer agency services which were recorded in other general and administrative expenses. For the three and six months ended June 30, 2023, the Fund incurred $58,185 and $66,066, respectively, of fees were incurred for transfer agency services, pro-rated for the period March 13 (commencement of operations) through June 30, 2023, and are recorded in other general and administrative expenses.

As of June 30, 2024, $145,626 was unpaid and included in due to affiliates, net in the consolidated statements of assets and liabilities. As of December 31, 2023, $51,238 was unpaid and included in due from affiliates, net in the consolidated statements of assets and liabilities.

Managing Dealer Agreement

The Fund has entered into a Managing Dealer Agreement (the “Managing Dealer Agreement”) with Fidelity Distributors Company LLC (the “Managing Dealer”). Under the terms of the Managing Dealer Agreement, the Managing Dealer will serve as the managing dealer for the Offering. The Managing Dealer will be entitled to receive shareholder servicing and/or distribution fees monthly in arrears at a contractual rate of 0.85% per annum of the aggregate value of the Fund’s net assets attributable to Class S shares as of the beginning of the first calendar day of the month. The Managing Dealer will be entitled to receive shareholder servicing fees monthly in arrears at a contractual rate of 0.25% per annum of the aggregate value of the Fund’s net assets attributable to Class D shares as of the beginning of the first calendar day of the month. No shareholder servicing and/or distribution fees will be paid with respect to Class I. The shareholder servicing and/or distribution fees will be paid monthly in arrears. The shareholder servicing and/or distribution fees will be payable to the Managing Dealer, but the Managing Dealer will reallow (pay) all or a portion of the shareholder servicing fees to participating brokers and servicing brokers for ongoing shareholder services performed by such brokers and will waive shareholder servicing fees to the extent a broker is not eligible to receive it for failure to provide such services.

The Managing Dealer will cease receiving the distribution and/or shareholder servicing fee on Class S shares and Class D shares upon the earlier to occur of the following: (i) a listing of Class I shares, (ii) the merger or consolidation of the Fund with or into another entity, or the sale or other disposition of all or substantially all of the Fund’s assets, or (iii) the date following the completion of the primary portion of the Offering on which, in the aggregate, underwriting compensation from all sources in connection with such Offering is equal to 10% of the gross proceeds from our primary shares sold in such Offering, as determined in good faith by the Managing Dealer in its sole discretion.

In addition, at the end of the month in which the Managing Dealer in conjunction with the transfer agent determines that total transaction or other fees, including upfront placement fees or brokerage commissions, and shareholder servicing and/or distribution fees paid with respect to any single share held in a shareholder’s account would exceed, in the aggregate, 10% of the gross proceeds from the sale of such share (or a lower limit as determined by the Managing Dealer or the applicable broker), the Managing Dealer shall cease receiving the shareholder servicing and/or distribution fee on either (i) each such share that would exceed such limit or (ii) all Common Shares in such shareholder’s account, in the Managing Dealer’s discretion. At the end of such month, the applicable Distribution Shares in such shareholder’s account will convert into a number of Class I shares (including any fractional shares), with an equivalent aggregate NAV.

The Managing Dealer is a broker-dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority. The Managing Dealer Agreement may be terminated at any time, without the payment of any penalty, by vote of a majority of the Fund’s trustees who are not “interested persons,” as defined in the 1940 Act, of the Fund and who have no direct or indirect financial interest in the Fund’s distribution plan or the Managing Dealer Agreement or by vote a majority of the outstanding voting securities of the Fund, on not more than 60 days’ written notice to the Managing Dealer or the Adviser. This Agreement will automatically terminate in the event of its assignment, as defined in the 1940 Act.

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Either party may terminate the Managing Dealer Agreement upon 60 days’ written notice to the other party or immediately upon notice to the other party in the event such other party failed to comply with a material provision of the Managing Dealer Agreement. Obligations under the Managing Dealer Agreement to pay the shareholder servicing and/or distribution fees with respect to the Class S and Class D shares distributed in our Offering as described therein shall survive termination of the agreement until such shares are no longer outstanding (including such shares that have been converted into Class I shares, as described above).

Shareholder Servicing and/or Distribution Fees

The following table shows the shareholder servicing and/or distribution fees the Fund pays the Managing Dealer with respect to the Class S, Class D and Class I Common Shares on an annualized basis as a percentage of NAV for such class:

	Shareholder Servicing and/ or Distribution Fee as a % of NAV
Class S shares		0.85	%
Class D shares		0.25	%
Class I shares		—

The shareholder servicing and/or distribution fees will be paid monthly in arrears, calculated using the NAV of the applicable class as of the beginning of the first calendar day of the month, subject to FINRA and other limitations on underwriting compensation.

The Managing Dealer will reallow (pay) all or a portion of the shareholder servicing and/or distribution fees to participating brokers and servicing brokers for ongoing shareholder services performed by such brokers, and will waive shareholder servicing and/or distribution fees to the extent a broker is not eligible to receive it for failure to provide such services. Because the shareholder servicing and/or distribution fees with respect to Class S shares and Class D shares are calculated based on the aggregate NAV for all of the outstanding shares of each such class, it reduces the NAV with respect to all shares of each such class, including shares issued under our distribution reinvestment plan.

Eligibility to receive the shareholder servicing and/or distribution fee is conditioned on a broker providing the following ongoing services with respect to the Class S or Class D shares: assistance with recordkeeping, answering investor inquiries regarding us, including regarding distribution payments and reinvestments, helping investors understand their investments upon their request, and assistance with share repurchase requests. If the applicable broker is not eligible to receive the shareholder servicing and/or distribution fee due to failure to provide these services, the Managing Dealer will waive the shareholder servicing fee and/or distribution that broker would have otherwise been eligible to receive. The shareholder servicing and/or distribution fees are ongoing fees that are not paid at the time of purchase.

For the three and six months ended June 30, 2024, the Fund incurred distribution and shareholder servicing fees for Class S of $56 and $78, respectively. For the three and six months ended June 30, 2024 the Fund incurred distribution and shareholder servicing fees for Class D of $7 and $13, respectively. For the three and six months ended June 30, 2023, the Fund did not incur any distribution and shareholder servicing fees for Class S and Class D.

As of June 30, 2024 and December 31, 2023 there was $0 and $9, respectively, payable and recorded in due to affiliates, net and shareholder servicing fee payable, respectively, in the consolidated statements of assets and liabilities.

Affiliate Ownership

As of June 30, 2024, an affiliate of the Adviser held 415 shares (100%) and 415 shares (18%) of the Fund’s Class D Common Shares and Class S Common Shares, respectively.

As of December 31, 2023, an affiliate of the Adviser held 395 shares (100%) and 395 shares (100%) of the Fund’s Class D Common Shares and Class S Common Shares, respectively.

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Expense Support and Conditional Reimbursement Agreement

The Fund has entered into an Expense Support and Conditional Reimbursement Agreement (the “Expense Support Agreement”) with the Adviser. Pursuant to the Expense Support Agreement, for the twelve month period commencing the date of Agreement, September 23, 2022, and unless terminated, for each successive one year period, the Adviser is obligated to advance all of our Other Operating Expenses (including organizational and offering expenses) to the effect that such expenses do not exceed 0.70% (on an annualized basis) of the Fund’s NAV. Any Required Expense Payment must be paid by the Adviser to the Fund in any combination of cash or other immediately available funds and/or offset against amounts due from the Fund to the Adviser or its affiliates. “Other Operating Expenses” means the Fund’s organization and offering expenses, professional fees (including accounting, legal, and auditing fees), custodian and transfer agent fees, third party valuation agent fees, insurance costs, trustee fees, administration fees, and other general and administrative expenses.

Upon the termination of Adviser’s obligation to make Required Expense Payments, the Adviser may elect to pay, at such times as the Adviser determines, certain expenses on the Fund’s behalf, provided that no portion of the payment will be used to pay any interest expense or distribution and/or shareholder servicing fees of the Fund (referred to as “Voluntary Expense Payment” and together with a Required Expense Payment, the “Expense Payments”). Any Voluntary Expense Payment that the Adviser has committed to pay must be paid by the Adviser to the Fund in any combination of cash or other immediately available funds no later than 45 days after such commitment was made in writing, and/or offset against amounts due from the Fund to the Adviser or its affiliates.

Following any calendar month in which Available Operating Funds (as defined below) exceed the cumulative distributions accrued to the Fund’s shareholders based on distributions declared with respect to record dates occurring in such calendar month (the amount of such excess being hereinafter referred to as “Excess Operating Funds”), the Fund shall pay such Excess Operating Funds, or a portion thereof, to the Adviser until such time as all Expense Payments made by the Adviser to the Fund within 3 years prior to the last business day of such calendar month have been reimbursed. Any payments required to be made by the Fund shall be referred to herein as a “Reimbursement Payment.”

“Available Operating Funds” means the sum of (i) the Fund’s net investment company taxable income (including net short-term capital gains reduced by net long-term capital losses), (ii) the Fund’s net capital gains (including the excess of net long-term capital gains over net short-term capital losses) and (iii) dividends and other distributions paid to the Fund on account of investments in portfolio companies (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above).

No Reimbursement Payment for any month shall be made if: (1) the Effective Rate of Distributions Per Share declared by the Fund at the time of such Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the Expense Payment was made to which such Reimbursement Payment relates, (2) the Fund’s Operating Expense Ratio at the time of such Reimbursement Payment is greater than the Operating Expense Ratio at the time the Expense Payment was made to which such Reimbursement Payment relate, or (3) the Fund’s Other Operating Expenses at the time of such Reimbursement Payment exceeds 0.70% of the Fund’s NAV. “Effective Rate of Distributions Per Share” means the annualized rate (based on a 365-day year) of regular cash distributions per share exclusive of returns of capital, distribution rate reductions due to distribution and shareholder servicing fees, and declared special dividends or special distributions, if any. The “Operating Expense Ratio” is calculated by dividing Operating Expenses, less organizational and offering expenses, management and incentive fees owed to the Adviser, shareholder servicing and/or distribution fees, and interest expense, by the Fund’s net assets. “Operating Expenses” means all of the Fund’s operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies.

The Fund’s obligation to make a Reimbursement Payment shall automatically become a liability of the Fund on the last business day of the applicable calendar month, except to the extent the Adviser has waived its right to receive such payment for the applicable month.

Effective from the date the Fund broke escrow, which was March 13, 2023, FDS has voluntarily agreed to waive its right to receive any Reimbursement Payment for any Excess Operating Funds incurred in any month prior to a revocation. Any such amounts shall not be considered unreimbursed Expense Payments reimbursable in future months pursuant to the terms of the Expense Support Agreement. This voluntary arrangement can be terminated at any time, upon thirty days’ prior written notice to the Fund.

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The following table presents a summary of Expense Payments and related Reimbursement Payments since the Fund’s commencement of operations:

For the three months ended	Amount of Expense Support		Amount of Reimbursement Payment		Amount of Unreimbursed Expense Support		Reimbursement Eligibility Expiration
September 30, 2022	$	497,933	$	—	$	—	*
December 31, 2022		349,999		—		—	*
March 31, 2023		677,518		—		—	*
June 30, 2023		694,335		—		—	*
September 30, 2023		651,125		—		—	*
December 31, 2023		521,434		—		—	*
March 31, 2024		454,648		—		—	*
June 30, 2024		136,913		—		—	*
Total	$	3,983,905	$	—	$	—

* Unreimbursed expense support incurred for these periods have been waived and are not eligible for reimbursement.

Administrative Agent Expense Allocation Agreement

Fidelity Direct Lending LLC (“FDL”), an affiliate of the Fund, acts as administrative agent for certain of the Fund’s loan investments. As an administrative agent, FDL is responsible for performing loan administrative services on behalf of borrowers and lenders and is entitled to fees for those services. FDL does not retain fees from portfolio companies for providing services with respect to loans in which the Fund has invested. Pursuant to the Amended and Restated Administrative Agent Expense Allocation Agreement (the “Agent Allocation Agreement”), all fees earned and expenses incurred by FDL are transferred pro rata to the Fund and other affiliated funds based on the amounts the funds invested or committed, provided that those expenses shall not exceed the fees received by the Fund by FDL. Any income received or expense incurred is included in Other income or Other general and administrative expenses, respectively, in the consolidated statements of operations.

Affiliated Investments

The table below presents the Fund’s affiliated investments as of June 30, 2024:

	Fair Value as of December 31, 2023		Gross Additions		Gross Reductions		Change in Unrealized Appreciation (Depreciation)			Realized Gains (Losses)		Fair Value as of June 30, 2024		Dividend and Interest Income
Non-controlled/ Affiliate Investments
Fidelity Floating Rate Central Fund	$	24,795,483	$	1,176,732	$	—	$	(149,760	)	$	—	$	25,822,455	$	1,211,130
Total	$	24,795,483	$	1,176,732	$	—	$	(149,760	)	$	—	$	25,822,455	$	1,211,130

The table below presents the Fund’s affiliated investments as of December 31, 2023:

	Fair Value as of December 31, 2022		Gross Additions		Gross Reductions			Change in Unrealized Appreciation (Depreciation)		Realized Gains (Losses)		Fair Value as of December 31, 2023		Dividend and Interest Income
Non-controlled/ Affiliate Investments
Fidelity Floating Rate Central Fund	$	—	$	24,436,874	$	—		$	358,609	$	—	$	24,795,483	$	949,591
Fidelity Investments Money Market Government Portfolio Class I		—		124,323,429		(124,323,429	)		—		—		—		179,725
Total	$	—	$	148,760,303	$	(124,323,429	)	$	358,609	$	—	$	24,795,483	$	1,129,316

39

Co-investment Relief

The Fund and the Adviser have received an exemptive order from the SEC that permits the Fund, among other things, to co-invest with certain other persons in negotiated transactions, including certain affiliates of the Adviser and certain funds managed and controlled by the Adviser and its affiliates, subject to certain terms and conditions. Pursuant to such order, the Fund’s Board may establish Board-Established Criteria clearly defining co-investment opportunities in which the Fund will have the opportunity to participate with other public or private affiliated funds that target similar assets. If an investment falls within the Board-Established Criteria, the Adviser must offer an opportunity for the Fund to participate. The Fund may determine to participate or not to participate, depending on whether the Adviser determines that the investment is appropriate for the Fund (e.g., based on investment strategy). The co-investment would generally be allocated to the Fund and the other affiliated funds that target similar assets in accordance with the Adviser’s allocation policies and procedures. If the Adviser determines that such investment is not appropriate for the Fund, the investment will not be allocated to the Fund, but the Adviser will be required to report such investment and the rationale for its determination for the Fund to not participate in the investment to the Board at the next quarterly board meeting.

Due to/from Affiliates

As of June 30, 2024, the Fund owed a net amount of $360,535 to various affiliates, including $456,348 for expenses paid for administration fees and transfer agent fees and $95,813 to be received for expense reimbursements. These amounts are included in due to affiliates, net in the consolidated statements of assets and liabilities. As of December 31, 2023, the Fund was owed a net amount of $561,250, including $622,620 for expenses paid for administration fees, distribution fees and transfer agent fees and $1,183,870 to be received for expense reimbursements. These amounts are included in due from affiliates, net in the consolidated statements of assets and liabilities.

Note 4. Investments

The composition of the Fund’s investment portfolio at cost and fair value was as follows:

	June 30, 2024							December 31, 2023
	Amortized Cost		Fair Value		% of Total Investments at Fair Value			Amortized Cost		Fair Value		% of Total Investments at Fair Value
Total First Lien Debt	$	869,879,837	$	877,159,756		95.7	%	$	482,753,585	$	489,101,899		92.0	%
Total Second Lien Debt		9,621,642		9,236,750		1.0	%		—		—		0.0	%
Total Equity		4,239,476		4,701,979		0.5	%		2,002,315		2,240,826		0.4	%
Total Mutual Funds		25,733,049		25,941,898		2.8	%		39,765,291		40,123,900		7.6	%
Total Investment Portfolio	$	909,474,004	$	917,040,383		100.0	%	$	524,521,191	$	531,466,625		100.0	%

40

The industry composition of investments at fair value was as follows:

	June 30, 2024			December 31, 2023
Application Software		14.7	%		19.4	%
Health Care Services		10.2	%		6.4	%
Industrial Machinery & Supplies & Components		8.3	%		1.8	%
Specialized Consumer Services		8.2	%		13.2	%
Diversified Support Services		6.8	%		8.0	%
Human Resource & Employment Services		3.5	%		0.0	%
Electrical Components & Equipment		3.1	%		0.0	%
Life Sciences Tools & Services		3.0	%		5.2	%
Insurance Brokers		2.8	%		3.8	%
Mutual Funds		2.8	%		7.6	%
Property & Casualty Insurance		2.8	%		0.0	%
Environmental & Facilities Services		2.7	%		3.7	%
Aerospace & Defense		2.6	%		1.7	%
Packaged Foods & Meats		2.2	%		3.7	%
Automotive Parts & Equipment		2.1	%		3.7	%
Trading Companies & Distributors		2.0	%		1.2	%
Building Products		1.7	%		1.2	%
Soft Drinks & Non-Alcoholic Beverages		1.6	%		2.1	%
Air Freight & Logistics		1.4	%		2.8	%
Health Care Facilities		1.3	%		2.4	%
Education Services		1.1	%		1.4	%
Pharmaceuticals		1.1	%		1.9	%
Specialized Finance		1.1	%		1.9	%
Transaction & Payment Processing Services		1.0	%		0.0	%
Advertising		0.9	%		1.6	%
Commodity Chemicals		0.9	%		1.6	%
Data Processing & Outsourced Services		0.8	%		0.0	%
Food Retail		0.8	%		1.4	%
Health Care Supplies		0.8	%		0.0	%
Oil & Gas Refining & Marketing		0.8	%		1.4	%
Fertilizers & Agricultural Chemicals		0.6	%		0.0	%
Internet Services & Infrastructure		0.6	%		0.0	%
Security & Alarm Services		0.6	%		0.0	%
Diversified Chemicals		0.5	%		0.0	%
Diversified Financial Services		0.5	%		0.9	%
Health Care Distributors		0.5	%		0.0	%
Health Care Technology		0.5	%		0.0	%
Research & Consulting Services		0.5	%		0.0	%
Specialty Chemicals		0.5	%		0.0	%
Systems Software		0.5	%		0.0	%
Food Distributors		0.4	%		0.0	%
Home Improvement Retail		0.4	%		0.0	%
Metal, Glass & Plastic Containers		0.4	%		0.0	%
Personal Care Products		0.3	%		0.0	%
Asset Management & Custody Banks		0.1	%		0.0	%
Construction Materials		0.0	%		0.0	%
Total		100.0	%		100.0	%

41

The geographic composition of investments at fair value was as follows:

	June 30, 2024								December 31, 2023
	Fair Value		% of Total Investments at Fair Value			Fair Value as % of Net Assets			Fair Value		% of Total Investments at Fair Value			Fair Value as % of Net Assets
United States	$	873,667,539		95.3	%		149.0	%	$	489,333,017		92.1	%		120.6	%
Australia		32,179,916		3.5	%		5.5	%		31,851,963		6.0	%		7.8	%
Canada		10,223,857		1.1	%		1.7	%		10,281,645		1.9	%		2.5	%
Luxembourg		969,071		0.1	%		0.2	%		—		0.0	%		0.0	%
Total	$	917,040,383		100.0	%		156.4	%	$	531,466,625		100.0	%		130.9	%

As of June 30, 2024 and December 31, 2023, on a fair value basis, 100% of debt investments bore interest at a floating rate and 0% of debt investments bore interest at a fixed rate. As of June 30, 2024 and December 31, 2023, there were no investments on non-accrual status.

Note 5. Fair Value Measurements

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 — unadjusted quoted prices in active markets for identical investments

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 — unobservable inputs (including the Fund’s own assumptions based on the best information available)

The following is a summary of the inputs used, as of June 30, 2024 and December 31, 2023, involving the Fund’s assets carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities.

	June 30, 2024
	Level 1		Level 2		Level 3		Total
First lien debt	$	—	$	209,214,632	$	667,945,124	$	877,159,756
Second lien debt		—		9,236,750		—		9,236,750
Equity investments		—		—		4,701,979		4,701,979
Mutual Funds		25,941,898		—		—		25,941,898
Total Investments	$	25,941,898	$	218,451,382	$	672,647,103	$	917,040,383

	December 31, 2023
	Level 1		Level 2		Level 3		Total
First lien debt	$	—	$	63,355,799	$	425,746,100	$	489,101,899
Second lien debt		—		—		—		—
Equity investments		—		—		2,240,826		2,240,826
Mutual Funds		40,123,900		—		—		40,123,900
Total Investments	$	40,123,900	$	63,355,799	$	427,986,926	$	531,466,625

42

The following tables provide a reconciliation of the beginning and ending balances for investments for which fair value was determined using Level 3 inputs for the six months ended June 30, 2024 and 2023:

	Six Months Ended June 30, 2024
	First Lien Debt			Equity		Total Investments
Fair value, beginning of period	$	425,746,100		$	2,240,826	$	427,986,926
Purchases of investments		349,793,514			2,237,161		352,030,675
Proceeds from principal repayments and sales of investments		(110,113,669	)		—		(110,113,669	)
Accretion of discount/ amortization of premium		1,050,078			—		1,050,078
Net realized gain (loss)		(244,920	)		—		(244,920	)
Net change in unrealized appreciation (depreciation)		1,714,021			223,992		1,938,013
Fair value, end of period	$	667,945,124		$	4,701,979	$	672,647,103
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2024	$	1,989,614		$	223,992	$	2,213,606

	Six Months Ended June 30, 2023
	First Lien Debt			Equity		Total Investments
Fair value, beginning of period	$	—		$	—	$	—
Purchases of investments		160,111,422			220,070		160,331,492
Proceeds from principal repayments and sales of investments		(427,574	)		—		(427,574	)
Accretion of discount/ amortization of premium		232,064			—		232,064
Net change in unrealized appreciation (depreciation)		947,294			4,622		951,916
Fair value, end of period	$	160,863,206		$	224,692	$	161,087,898
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2023	$	947,294		$	4,622	$	951,916

The information used in the above reconciliation represents period to date activity for any investments identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represent the beginning value of any security or instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases may include securities received through corporate actions or exchanges.

The following provides information on Level 3 securities held by the Fund that were valued at June 30, 2024 and December 31, 2023 based on unobservable inputs:

	June 30, 2024
					Range
	Fair Value		Valuation Technique	Unobservable Input	Low			High			Weighted Average			Impact to Valuation from an Increase in Input*
First Lien Debt	$	667,945,124	Market approach	Transaction price	$	98.00		$	99.25		$	98.57		Increase
			Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		9.80			9.80			9.80		Increase
			Discounted cash flow	Yield		8.8	%		13.8	%		10.6	%	Decrease
			Indicative market price	Evaluated bid	$	98.00		$	98.00		$	98.00		Increase
Equities		4,701,979	Market approach	Transaction price	$	1.00		$	1.00		$	1.00		Increase
			Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		3.80			17.50			9.80		Increase
Total	$	672,647,103

43

	December 31, 2023
					Range
	Fair Value		Valuation Technique	Unobservable Input	Low			High			Weighted Average			Impact to Valuation from an Increase in Input*
First Lien Debt	$	425,746,100	Market approach	Transaction price	$	73.96		$	97.50		$	83.19		Increase
			Indicative market price	Evaluated bid	$	97.00		$	99.50		$	99.09		Increase
			Discounted cash flow	Yield		9.4	%		13.0	%		10.9	%	Decrease
Equities		2,240,826	Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		7.50			17.50			11.60		Increase
			Market approach	Transaction price	$	1.00		$	1.00		$	1.00		Increase
Total	$	427,986,926

* Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

Financial Instruments Not Carried at Fair Value:

Debt

The carrying value of the Fund’s debt, which would be categorized as Level 3 within the fair value hierarchy, as of June 30, 2024 and December 31, 2023, approximates fair value.

Note 6. Commitments and Contingencies

In the normal course of business, the Fund enters into contracts that provide a variety of general indemnifications. Any exposure to the Fund under these arrangements could involve future claims that may be made against the Fund. Currently, no such claims exist or are expected to arise and, accordingly, the Fund has not accrued any liability in connection with such indemnifications.

Commitments

In the normal course of business, the Fund may become party to financial instruments with off-balance sheet risk to fund investments that have unfunded commitments associated with such instruments. These financial instruments may include commitments to extend credit on the unused portions of the Fund’s commitments pursuant to the terms of certain of the Fund’s investments in revolving credit facilities, delayed draw and other loan financing agreements in connection with the Fund’s investments in direct lending instruments. The unfunded commitments are carried at fair value with the unrealized appreciation or depreciation on the unfunded portion being included in fair value for each such position disclosed on the schedule of investments, and changes in those fair values are recorded in the change in net unrealized appreciation (depreciation) on investments on the consolidated statements of operations. The following table details the unfunded loan commitments at June 30, 2024:

44

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
AB Centers Acquisition Corporation	Revolving Credit Facility	9/6/2028	$	2,068,966
AB Centers Acquisition Corporation	Delayed Draw Term Loan	9/6/2028		2,482,759
ACP Avenu Buyer, LLC	Revolving Credit Facility	10/2/2029		877,500
ACP Avenu Buyer, LLC	Delayed Draw Term Loan	10/2/2029		5,500,583
ACP Falcon Buyer, Inc.	Revolving Credit Facility	8/1/2029		1,000,000
Alera Group, Inc.	Delayed Draw Term Loan	9/30/2028		2,260,105
Aptean, Inc.	Revolving Credit Facility	1/30/2031		728,200
Aptean, Inc.	Delayed Draw Term Loan	1/30/2031		1,350,132
BeBright MSO, LLC	Delayed Draw Term Loan	6/3/2030		6,890,015
BeBright MSO, LLC	Revolving Credit Facility	6/3/2030		1,867,213
C2DX, Inc	Revolving Credit Facility	3/19/2030		1,748,285
C2DX, Inc	Delayed Draw Term Loan	3/19/2030		4,924,746
Cadence - Southwick, Inc.	Revolving Credit Facility	5/3/2028		1,000,309
CCI Prime, LLC	Delayed Draw Term Loan	10/18/2029		1,996,933
CCI Prime, LLC	Revolving Credit Facility	10/18/2029		1,000,000
COP Foundations Acquisitions Inc.	Delayed Draw Term Loan	5/6/2029		7,332,769
COP Foundations Acquisitions Inc.	Revolving Credit Facility	5/6/2029		1,833,192
Door Pro Buyer, LLC	Delayed Draw Term Loan	11/2/2029		10,192,308
Door Pro Buyer, LLC	Revolving Credit Facility	11/2/2029		3,397,436
EDS Buyer, LLC	Revolving Credit Facility	1/10/2029		780,539
Endurance PT Technology Buyer Corporation	Revolving Credit Facility	2/28/2030		1,000,000
Eversmith Brands Intermediate Holding Company	Delayed Draw Term Loan	6/17/2030		3,206,687
Eversmith Brands Intermediate Holding Company	Revolving Credit Facility	6/17/2030		897,872
Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc.	Delayed Draw Term Loan	1/3/2029		9,090,909
Hobbs & Associates Inc	Delayed Draw Term Loan	4/11/2029		7,760,982
Houseworks Holdings, LLC	Revolving Credit Facility	12/16/2028		510,204
Houseworks Holdings, LLC	Delayed Draw Term Loan	12/16/2028		1,428,571

45

At June 30, 2024 continued:

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
Infusion Services Management, LLC	Delayed Draw Term Loan	7/7/2028		4,405,014
Infusion Services Management, LLC	Revolving Credit Facility	7/7/2028		1,000,000
Midas Foods International, LLC	Delayed Draw Term Loan	4/30/2029		6,038,082
Midas Foods International, LLC	Revolving Credit Facility	4/30/2029		2,012,694
MMGY Global LLC	Revolving Credit Facility	4/25/2029		2,044,291
MoboTrex, LLC	Delayed Draw Term Loan	6/7/2030		3,987,103
MoboTrex, LLC	Revolving Credit Facility	6/7/2030		1,329,034
Mustang Prospects Purchaser LLC	Delayed Draw Term Loan	6/13/2031		3,661,202
Mustang Prospects Purchaser LLC	Revolving Credit Facility	6/13/2031		2,288,251
Neptune Platform Buyer, LLC	Delayed Draw Term Loan	1/20/2031		4,285,714
Pavement Partners Interco, LLC	Revolving Credit Facility	2/7/2028		517,943
Quick Roofing Acquisition, LLC	Revolving Credit Facility	12/22/2029		1,000,000
Quick Roofing Acquisition, LLC	Delayed Draw Term Loan	12/22/2029		13,918,033
Refresh Buyer LLC	Delayed Draw Term Loan	12/23/2028		2,812,944
Ruppert Landscape, LLC	Revolving Credit Facility	12/1/2028		289,520
Ruppert Landscape, LLC	Delayed Draw Term Loan	12/1/2028		5,428,489
SCP WQS Buyer, LLC	Delayed Draw Term Loan	10/2/2028		12,532,979
SCP WQS Buyer, LLC	Revolving Credit Facility	10/2/2028		840,000
Soteria Flexibles Corporation	Delayed Draw Term Loan	8/15/2029		6,527,725
Soteria Flexibles Corporation	Revolving Credit Facility	8/15/2029		1,000,000
The Smilist DSO, LLC	Revolving Credit Facility	4/4/2029		926,306
The Smilist DSO, LLC	Delayed Draw Term Loan	4/4/2029		3,705,226
The Smilist DSO, LLC	Delayed Draw Term Loan	4/4/2029		565,047
Tiger Healthcare Buyer, LLC	Delayed Draw Term Loan	2/27/2030		9,687,500
Tiger Healthcare Buyer, LLC	Revolving Credit Facility	2/27/2030		1,000,000
USW Buyer, LLC	Delayed Draw Term Loan	11/3/2028		2,350,000
VRC Companies LLC	Delayed Draw Term Loan	6/29/2027		12,866,667
WCI-BXC Purchaser, LLC	Revolving Credit Facility	11/6/2029		1,000,000
Total Unfunded Commitments			$	191,146,979

46

The following table details the unfunded loan commitments at December 31, 2023:

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
AB Centers Acquisition Corporation	Revolving Credit Facility	9/6/2028	$	2,068,966
AB Centers Acquisition Corporation	Delayed Draw Term Loan	9/6/2028		6,724,138
ACP Avenu Buyer, LLC	Delayed Draw Term Loan	10/2/2029		9,312,500
ACP Avenu Buyer, LLC	Revolving Credit Facility	10/2/2029		1,000,000
ACP Falcon Buyer, Inc.	Revolving Credit Facility	8/1/2029		1,000,000
Alera Group, Inc.	Delayed Draw Term Loan	9/30/2028		2,701,321
Cadence - Southwick, Inc.	Revolving Credit Facility	5/3/2028		733,333
CCI Prime, LLC	Delayed Draw Term Loan	10/18/2029		1,996,933
CCI Prime, LLC	Revolving Credit Facility	10/18/2029		1,000,000
Door Pro Buyer, LLC	Delayed Draw Term Loan	11/2/2029		10,192,308
Door Pro Buyer, LLC	Revolving Credit Facility	11/2/2029		3,397,436
Hobbs & Associates Inc	Delayed Draw Term Loan	4/11/2029		2,185,718
Houseworks Holdings, LLC	Revolving Credit Facility	12/16/2028		510,204
Houseworks Holdings, LLC	Delayed Draw Term Loan	12/16/2028		1,428,571
Infusion Services Management, LLC	Delayed Draw Term Loan	7/7/2028		4,405,014
Infusion Services Management, LLC	Revolving Credit Facility	7/7/2028		4,969
MMGY Global LLC	Revolving Credit Facility	4/25/2029		2,044,291
Omnia Partners LLC	Delayed Draw Term Loan	7/25/2030		637,604
Pavement Partners Interco, LLC	Revolving Credit Facility	2/7/2028		753,769
Quick Roofing Acquisition, LLC	Delayed Draw Term Loan	12/22/2029		13,918,033
Quick Roofing Acquisition, LLC	Revolving Credit Facility	12/22/2029		1,000,000
Refresh Buyer LLC	Delayed Draw Term Loan	12/23/2028		2,812,944
SCP WQS Buyer, LLC	Delayed Draw Term Loan	10/2/2028		14,558,511
SCP WQS Buyer, LLC	Revolving Credit Facility	10/2/2028		1,000,000
Soteria Flexibles Corporation	Delayed Draw Term Loan	8/15/2029		6,527,725
Soteria Flexibles Corporation	Revolving Credit Facility	8/15/2029		1,000,000
USW Buyer, LLC	Delayed Draw Term Loan	11/3/2028		5,350,000
WCI-BXC Purchaser, LLC	Revolving Credit Facility	11/6/2029		1,000,000
Total Unfunded Commitments			$	99,264,288

Note 7. Borrowings

In accordance with the 1940 Act, with certain limitations, the Fund is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. As of June 30, 2024 and December 31, 2023, the Fund’s asset coverage was 261% and 483%, respectively.

The Fund’s average outstanding debt and weighted average interest rate paid for the three and six months ended June 30, 2024 were $287,374,923 and 7.28% and $242,835,593 and 7.29%, respectively. The Fund’s average outstanding debt and weighted average interest rate paid for the three and six months ended June 30, 2023 were $17,569,231 and 6.91% and $17,068,493 and 6.90%, respectively. The Fund’s outstanding borrowings at June 30, 2024 and December 31, 2023 were as follows:

	June 30, 2024
	Aggregate Principal Committed		Outstanding Principal		Carrying Value
JPMorgan Lending Facility	$	500,000,000	$	330,000,000	$	330,000,000
BSPV Facility		250,000,000		35,000,000		35,000,000
Total	$	750,000,000	$	365,000,000	$	365,000,000

47

	December 31, 2023
	Aggregate Principal Committed		Outstanding Principal		Carrying Value
JPMorgan Lending Facility (1)	$	460,000,000	$	105,848,459	$	105,848,459
Total	$	460,000,000	$	105,848,459	$	105,848,459

(1)Under the JPMorgan Lending Facility, the Fund is permitted to borrow in USD or certain other currencies. As of December 31, 2023, the Fund had borrowings denominated in CAD of $21 million, translated to USD of $15.8 million. In connection with the preparation of the Fund’s financial statements for the quarter ended March 31, 2024, the reported amount of $481 million of Aggregate Principal Committed for the year ended December 31, 2023, was revised to $460 million of Aggregate Principal Committed, noted above, to correct the prior disclosure.

For the three and six months ended June 30, 2024 and 2023 the components of interest expense were as follows:

	Three Months Ended June 30,
	2024		2023
Borrowing interest expense	$	5,589,634	$	214,653
Facility unused fees		169,706		424,396
Amortization of financing costs		305,908		231,528
Total Interest Expense	$	6,065,248	$	870,577

	Six Months Ended June 30,
	2024		2023
Borrowing interest expense	$	9,089,362	$	234,177
Facility unused fees		423,403		495,188
Amortization of financing costs		551,839		268,871
Total Interest Expense	$	10,064,604	$	998,236

Revolving Credit Facilities

On March 17, 2023, the Fund entered into a senior secured revolving credit facility (“JPMorgan Lending Facility”) with JPMorgan Chase Bank, NA (“JPM”) and the lender parties. JPM serves as administrative agent and collateral agent under the JPMorgan Lending Facility.

The Fund may borrow amounts in U.S. dollars or certain other permitted currencies under the Facility. Advances under the Facility drawn in U.S. dollars will initially bear interest at a per annum rate equal to 0.75% or 0.875% plus an “alternate base rate” (as described in the Agreement) in the case of any ABR Loan and 1.75% or 1.875% plus the Adjusted Term SOFR Rate in the case of any other Loan, in each case, depending on the Fund’s rate option election and borrowing base (as of the most recently delivered borrowing base certificate delivered under the Agreement). Advances under the Facility drawn in currencies other than U.S. dollars will initially bear interest at a per annum rate equal to 1.75% or 1.875%, in each case depending on the Fund’s borrowing base (as of the most recently delivered borrowing base certificate delivered under the Agreement), plus any applicable credit spread adjustment, plus certain local rates consistent with market standards, each as specified in the Agreement. The Fund will also pay a fee of 0.375% on average daily undrawn amounts under the Facility.

The initial principal commitment amount of the Facility was $460 million. On June 13, 2024, the Fund entered into a commitment increase agreement, which provided for an increase in the principal commitment amount to $500 million. The principal commitment amount is subject to availability under the borrowing base, which is based on the Fund’s portfolio investments and other outstanding indebtedness, with an accordion provision to permit increases to the total facility amount up to $1 billion, subject to the satisfaction of certain conditions.

The Facility is guaranteed by certain subsidiaries of the Fund, and will be guaranteed by certain domestic subsidiaries of the Fund that are formed or acquired by the Fund in the future (collectively, the “Guarantors”). Proceeds of the Facility may be used for general corporate purposes, including, without limitation, repaying outstanding indebtedness, making distributions, contributions and investments, and acquisition and funding, and such other uses as permitted under the Agreement.

The Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Fund and each Guarantor, subject to certain exceptions, and includes a $60,000,000 limit for swingline loans.

48

The availability period under the Facility will terminate on March 17, 2027 (the “Commitment Termination Date”) and the Facility will mature on March 17, 2028 (the “Maturity Date”). During the period from the Commitment Termination Date to the Maturity Date, the Fund will be obligated to make mandatory prepayments under the Facility out of the proceeds of certain asset sales, other recovery events and equity and debt issuances.

The Agreement includes customary affirmative and negative covenants, including financial covenants requiring the Fund to maintain a minimum shareholders’ equity and asset coverage ratio, and certain limitations on the incurrence of additional indebtedness and liens, as well as usual and customary events of default for revolving credit facilities of this nature.

The Fund had $330,000,000 and $105,848,459 outstanding on the JPMorgan Lending Facility as of June 30, 2024 and December 31, 2023, respectively. Under the JPMorgan Lending Facility, the Company is permitted to borrow in USD or certain other currencies. As of June 30, 2024 and December 31, 2023, the Company had borrowings denominated in the following non-USD currencies: Canadian Dollars (CAD) $0 and $15,848,459, respectively. The borrowings denominated in foreign currencies were translated into U.S. dollars based on the spot rate at the relevant balance sheet date. For the three and six months ended June 30, 2024, $371,512 and $26,357, of change in unrealized depreciation resulting from changes in foreign exchange rates on foreign denominated JPMorgan Lending Facility borrowings is included in net change in unrealized appreciation (depreciation) on foreign currency translation in the Fund’s consolidated statements of operations. For the three and six months ended June 30, 2024, the Fund had a net realized gain due to foreign exchange rates of $580,507 due to repayment of outstanding borrowings denominated in foreign currencies under the JPMorgan Lending Facility recorded in realized gain (loss) on foreign currency transactions.

Fidelity Private Credit Fund BSPV LLC

On May 2, 2024, Fidelity Private Credit Fund BSPV LLC (the “BSPV”), a wholly-owned subsidiary of the Fund, entered into a revolving credit facility (the “BSPV Facility”) with BNP Paribas (“BNP”). BNP serves as administrative agent, State Street Bank and Trust Company serves as collateral agent, and Virtus Group, LP serves as collateral administrator under the BSPV Facility.

The principal commitment amount under the BSPV Facility is $250 million, subject to availability under the borrowing base, which is based on the BSPV’s portfolio investments and outstanding indebtedness, subject to the satisfaction of certain conditions. Proceeds from borrowings under the credit facility may be used for general corporate purposes, including, without limitation, repaying outstanding indebtedness, making distributions, contributions and investments, and acquisition and funding, and such other uses as permitted. The Fund can draw on the BSPV Facility until May 2, 2027, and the facility will mature on May 2, 2029. During the period from May 3, 2027 to May 2, 2029, the Fund will be obligated to make equal monthly payments such that the final monthly payment renders the loan fully paid.

Advances under the BSPV Facility currently bear interest at a per annum rate equal to the benchmark in effect for the currency of the applicable advance (which is Term SOFR in the case of U.S. dollar advances), plus an applicable margin of 2.55% per annum prior to May 2, 2027 and 3.05% per annum subsequent to May 2, 2027. The BSPV will also pay an unused fee of up to the applicable margin on average daily undrawn amounts under the BSPV Facility.

In connection with the BSPV Facility, the BSPV has made certain customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar facilities. The BSPV Facility contains customary events of default for similar financing transactions. Upon the occurrence and during the continuation of an event of default, the lender under BSPV Facility may declare the outstanding advances and all other obligations under the BSPV Facility immediately due and payable. The BSPV Facility is secured by a first-priority interest in substantially all of the portfolio investments held by the BSPV, subject to certain exceptions.

The BSPV had $35,000,000 outstanding on the BSPV Facility as of June 30, 2024. There was no balance outstanding as of December 31, 2023.

Note 8. Net Assets

In connection with its formation, the Fund has the authority to issue an unlimited number of Common Shares at $0.01 per share par value.

49

On March 13, 2023, the Fund satisfied the minimum offering requirement for the Offering and the Fund’s Board authorized the release of proceeds from escrow. As of such date, the Fund issued and sold 4,084,292 Class I Common Shares, and the escrow agent released net proceeds of $102,107,308 as payment for such shares, of which $32,000,044 was from an affiliate of the adviser. Under the Fund’s Declaration of Trust, all Common Shares have equal rights as to voting and, when they are issued, will be duly authorized, validly issued, fully paid and nonassessable.

The following table summarizes transactions in Common Shares during the three and six months ended June 30, 2024:

	Three Months Ended June 30, 2024						Six Months Ended June 30, 2024
	Shares			Amount			Shares			Amount
CLASS I
Subscriptions		3,431,569		$	88,659,304			6,709,773		$	173,401,943
Share transfers between classes		—			—			—			—
Distributions reinvested		298,681			7,722,148			544,209			14,069,401
Share repurchases		(267,690	)		(6,920,455	)		(290,266	)		(7,502,429	)
Early repurchase deduction		—			2,098			—			6,648
Net increase (decrease)		3,462,560		$	89,463,095			6,963,716		$	179,975,563
CLASS S
Subscriptions		1,863			48,250			1,863			48,250
Share transfers between classes		—			—			—			—
Distributions reinvested		10			243			19			480
Share repurchases		—			—			—			—
Early repurchase deduction		—			—			—			—
Net increase (decrease)		1,873		$	48,493			1,882		$	48,730
CLASS D
Subscriptions		—			—			—			—
Share transfers between classes		—			—			—			—
Distributions reinvested		11			259			20			512
Share repurchases		—			—			—			—
Early repurchase deduction		—			—			—			—
Net increase (decrease)		11		$	259			20		$	512
Total net increase (decrease)		3,464,444		$	89,511,847			6,965,618		$	180,024,805

The following table summarizes transactions in Common Shares the three and six months ended June 30, 2023:

	Three Months Ended June 30, 2023						Six Months Ended June 30, 2023
	Shares			Amount			Shares			Amount
CLASS I
Subscriptions		3,435,378		$	86,794,592			7,519,670		$	188,901,900
Share transfers between classes		—			—			—			—
Distributions reinvested		44,626			1,126,903			44,626			1,126,903
Share repurchases		(2,049	)		(51,039	)		(2,049	)		(51,039	)
Early repurchase deduction		—			1,020			—			1,020
Net increase (decrease)		3,477,955		$	87,871,476			7,562,247		$	189,978,784

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Net Asset Value per Share and Offering Price

The Administrator determines NAV for each class of shares as of the last day of each calendar month. Share issuances related to monthly subscriptions are effective the first calendar day of each month. Shares are issued at an offering price equivalent to the most recent NAV per share available for each share class, which will be the prior calendar day NAV per share (i.e. the prior month-end NAV). The following table summarizes each month-end NAV per share for Class I, Class S, and Class D Common Shares of beneficial interest during the six months ended June 30, 2024 and 2023:

	NAV Per Share
For the Months Ended	Class I		Class S		Class D
January 31, 2024	$	25.82	$	25.82	$	25.82
February 29, 2024		25.92		25.92		25.92
March 31, 2024		25.78		25.78		25.78
April 30, 2024		25.84		25.84		25.84
May 31, 2024		25.89		25.89		25.89
June 30, 2024		25.85		25.85		25.85

	NAV Per Share
For the Months Ended	Class I		Class S		Class D
March 31, 2023	$	25.31	$	—	$	—
April 30, 2023		25.27		—		—
May 31, 2023		25.24		—		—
June 30, 2023		25.32		—		—

Distributions and Distribution Reinvestment

For the six months ended June 30, 2024 the Fund made distributions as detailed in the table below:

			Class I
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.2175	$	3,699,830
February 29, 2024	February 29, 2024	March 22, 2024		0.2175		3,913,427
March 29, 2024	March 31, 2024	April 22, 2024		0.2175		4,186,257
April 26, 2024	April 30, 2024	May 22, 2024		0.2175		4,465,411
May 29, 2024	May 31, 2024	June 25, 2024		0.2175		4,678,992
June 28, 2024	June 28, 2024	July 23, 2024		0.2175		4,992,714
			$	1.3050	$	25,936,631

			Class S
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.1992	$	80
February 29, 2024	February 29, 2024	March 22, 2024		0.1992		80
March 29, 2024	March 31, 2024	April 22, 2024		0.1991		80
April 26, 2024	April 30, 2024	May 22, 2024		0.1995		81
May 29, 2024	May 31, 2024	June 25, 2024		0.1989		82
June 28, 2024	June 28, 2024	July 23, 2024		0.1995		454
			$	1.1954	$	857

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			Class D
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.2121	$	84
February 29, 2024	February 29, 2024	March 22, 2024		0.2121		85
March 29, 2024	March 31, 2024	April 22, 2024		0.2121		86
April 26, 2024	April 30, 2024	May 22, 2024		0.2122		87
May 29, 2024	May 31, 2024	June 25, 2024		0.2120		87
June 28, 2024	June 28, 2024	July 23, 2024		0.2122		88
			$	1.2727	$	517

For the six months ended June 30, 2023 the Fund made distributions as detailed in the table below.

			Class I
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
April 26, 2023	April 28, 2023	May 18, 2023	$	0.2000	$	950,534
May 25, 2023	May 31, 2023	June 23, 2023		0.2050		1,223,097
June 27, 2023	June 30, 2023	July 25, 2023		0.2050		1,550,697
			$	0.6100	$	3,724,328

For the three and six months ended June 30, 2023 there were no Class S or Class D distributions.

Character of Distributions

The following table reflects the sources of cash distributions on a U.S. GAAP basis that we declared on our shares of common stock during the six months ended June 30, 2024:

	Class I				Class S				Class D
Source of Distribution	Per Share		Amount		Per Share		Amount		Per Share		Amount
Net investment income	$	1.31	$	25,936,631	$	1.20	$	857	$	1.27	$	517
Net realized gains		—		—		—		—		—		—
Total	$	1.31	$	25,936,631	$	1.20	$	857	$	1.27	$	517

The following table reflects the sources of cash distributions on a U.S. GAAP basis that we declared on our shares of common stock during the six months ended June 30, 2023.

	Class I				Class S				Class D
Source of Distribution	Per Share		Amount		Per Share		Amount		Per Share		Amount
Net investment income	$	0.61	$	3,724,328	$	—	$	—	$	—	$	—
Net realized gains		—		—		—		—		—		—
Total	$	0.61	$	3,724,328	$	—	$	—	$	—	$	—

Share Repurchase Program

At the discretion of the Board, the Fund has commenced a share repurchase program in which the Fund may repurchase, in each quarter, up to 5% of the NAV of the Fund’s Common Shares outstanding (either by number of shares or aggregate NAV) as of the close of the previous calendar quarter. The Board may amend, suspend or terminate the share repurchase program if it deems such action to be in the Fund’s best interest and the best interest of the Fund’s shareholders. As a result, share repurchases may not be available each quarter.

The Fund expects to repurchase shares pursuant to tender offers each quarter using a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter, except that shares that have not been outstanding for at least one year will be repurchased at 98% of such NAV (an “Early Repurchase Deduction”). The one-year holding period is measured as of the subscription closing date immediately following the prospective repurchase date. The Early Repurchase Deduction may be waived, at the Fund’s discretion, in the case of repurchase requests arising from the death, divorce or qualified disability of the holder. The Early Repurchase Deduction will be retained by the Fund for the benefit of remaining shareholders.

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The Fund intends to conduct the repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the 1940 Act. All shares purchased by the Fund pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares.

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2024:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
February 29, 2024	5%	$	25.78	March 29, 2024	$	577,424		22,576	0.14%
May 31, 2024	5%	$	25.85	June 28, 2024	$	6,918,357		267,690	1.18%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2023:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
May 31, 2023	5%	$	25.32	June 30, 2023	$	50,019		2,049	0.05%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

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Note 9. Financial Highlights

The financial highlights for the six months ended June 30, 2024 and 2023 are as follows:

	Six Months Ended June 30, 2024
	Class I			Class S			Class D
Per Share Activity
Net asset value, beginning of period	$	25.81		$	25.81		$	25.81
Net investment income (loss) A		1.35			1.25			1.32
Net realized and unrealized gain (loss) A		—			(0.01	)		(0.01	)
Net increase (decrease) in net assets resulting from operations		1.35			1.24			1.31
Distributions		(1.31	)		(1.20	)		(1.27	)
Net asset value, end of period	$	25.85		$	25.85		$	25.85
Total return B		5.32	%		4.88	%		5.19	%
Ratios to Average Net Assets: C,G
Net investment income (loss) D		11.27	%		10.42	%		11.02	%
Expenses, gross D		6.84	%		7.69	%		7.09	%
Expenses, net of waivers D,E		6.67	%		7.52	%		6.92	%
Portfolio turnover F		15.15	%		15.15	%		15.15	%
Supplemental Data:
Expenses, net of waivers, excluding interest expense D,E,G		2.72	%		3.57	%		2.97	%
Expenses, net of waivers, excluding management and incentive fees and interest expense D,E,G		0.72	%		1.57	%		0.97	%

	Six Months Ended June 30, 2023
	Class I			Class S			Class D
Per Share Activity
Net asset value, beginning of period	$	25.00		$	—		$	—
Net investment income (loss) A		0.67			—			—
Net realized and unrealized gain (loss) A		0.26			—			—
Net increase (decrease) in net assets resulting from operations		0.93			—			—
Distributions		(0.61	)		—			—
Net asset value, end of period	$	25.32		$	—		$	—
Total return B		3.74	%		—	%		—	%
Ratios to Average Net Assets: C,G
Net investment income (loss) D		9.06	%		—	%		—	%
Expenses, gross D		8.02	%		—	%		—	%
Expenses, net of waivers D,E		3.18	%		—	%		—	%
Portfolio turnover F,G		0.13	%		—	%		—	%
Supplemental Data:
Expenses, net of waivers, excluding interest expense D,E,G		0.83	%		—	%		—	%
Expenses, net of waivers, excluding management and incentive fees and interest expense D,E,G		0.70	%		—	%		—	%

A. Calculated based on weighted average shares outstanding during the period.

B. Total returns of less than 1 year are not annualized.

C. Expense ratios reflect operating expenses of the Fund.

D. For the six months ended June 30, 2024 and 2023, amounts are annualized except for incentive fees, escrow fees, and organizational costs.

E. Waivers include expense support, management fees waived and income based incentive fees waived.

F. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities year to date divided by the weighted average fair value of the portfolio securities, excluding short-term securities.

G. Annualized.

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Note 10. Subsequent Events

In preparation of these financial statements, management has evaluated the events and transactions subsequent to June 30, 2024, through the date when the financial statements were issued, and determined that there are no subsequent events or transactions that would require adjustments to or disclosures in the Fund’s financial statements except as disclosed below.

Subscriptions

The Fund received $27.3 million of net proceeds from the issuance of Class I, Class D, and Class S shares for subscriptions effective July 1, 2024, including $2.8 million of shares purchased through the dividend reinvestment plan.

The Fund received $26.3 million of net proceeds from the issuance of Class I, Class D, and Class S shares for subscriptions effective August 1, 2024, not including any shares purchased through the dividend reinvestment plan.

Distributions

On July 29, 2024, the Fund declared net distributions of $0.1750 per Class I share, $0.1564 per Class S share, and $0.1695 per Class D share, all of which are payable to shareholders of record as of the open of business on July 31, 2024, and will be paid on or about August 30, 2024.

Additionally, on July 29, 2024, the Fund declared variable supplemental distributions for Class I, Class S, and Class D common shares in the amount of $0.0425 per share. The variable supplemental distributions are payable to shareholders of record as of the open of business on July 31, 2024 and will be paid on or about August 30, 2024.

These distributions will be paid in cash or reinvested in shares of the Fund for shareholders participating in the Fund’s distribution reinvestment plan.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The information contained in this section should be read in conjunction with “Item 1. Consolidated Financial Statements.” This discussion contains forward-looking statements, which relate to future events, our future performance or financial condition and involves numerous risks and uncertainties. Actual results could differ materially from those implied or expressed in any forward-looking statements.

Overview

The Fund is an externally managed, non-diversified closed-end management investment company formed as a Delaware statutory trust on March 23, 2022 that has elected to be treated as a BDC under the 1940 Act. The Fund is externally managed by the Adviser, which is responsible for sourcing potential investments, conducting due diligence on prospective investments, analyzing investment opportunities, determining the value of Fund investments, structuring investments and monitoring our portfolio on an ongoing basis. Our Adviser is registered as an investment adviser with the SEC. The Fund intends to elect to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a regulated investment company (“RIC”) as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”).

An externally-managed BDC generally does not have any employees, and its investment and management functions are provided by an outside investment adviser and administrator under an advisory agreement and administration agreement. Instead of directly compensating employees, we pay FDS for investment and management services pursuant to the terms of the Advisory Agreement and the Administration Agreement. The Fund is a non-exchange traded, perpetual-life BDC, which is a BDC whose shares are not listed for trading on a stock exchange or other securities market. The Fund uses the term “perpetual-life BDC” to describe an investment vehicle of indefinite duration, whose shares of common stock are intended to be sold by the Fund on a continuous basis at a price generally equal to the Fund’s NAV per share.

Our investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The Fund will achieve these objectives primarily through directly originated loans to private companies but also liquid credit investments, like broadly syndicated loans, and other select Private Credit investments. Under normal circumstances, the Fund will invest at least 80% of its total assets in Private Credit investments. If the Fund changes its 80% test, the Fund will provide shareholders with at least 60 days’ prior notice of such change. The Adviser may also invest to a lesser degree in equity linked instruments (which may include debt with warrants, preferred equity investments, or equity co-investments). Most of our investments will be in private U.S. operating companies, but (subject to compliance with BDCs’ requirement to invest at least 70% of its assets in private U.S. companies) we may also invest to a lesser degree in non-U.S. companies. Subject to the limitations of the 1940 Act, we may invest in loans or other securities, the proceeds of which may refinance or otherwise repay debt or securities of companies whose debt is owned by other affiliated funds. From time to time, we may co-invest with other affiliated funds.

Key Components of Our Results of Operations

Investments

The Fund focuses primarily on directly originated loans to private companies but will also invest in liquid credit investments, such as broadly syndicated loans. Our level of investment activity (both the number of investments and the size of each investment) can and will vary substantially from period to period depending on many factors, including the amount of debt and equity capital available to private companies, the level of merger and acquisition activity for such companies, the general economic environment, trading prices of loans and other securities and the competitive environment for the types of investments we make.

Revenues

The Fund generates revenue in the form of interest and fee income on debt investments, capital gains, and dividend income from our equity investments in our portfolio companies. Our senior and subordinated debt investments bear interest predominantly at a floating rate. Interest on debt securities is generally payable monthly, quarterly or semiannually. In some cases, our investments may provide for deferred interest payments or payment-in-kind (“PIK”) interest. The principal amount of the debt securities and any accrued but unpaid PIK interest generally will become due at the maturity date. In addition, we may generate revenue in the form of commitment and other fees in connection with transactions. Original issue discounts (“OIDs”) and market discounts or premiums will be capitalized, and we will accrete or amortize such amounts as interest income. We will record prepayment premiums on loans and debt securities as interest income. Dividend income, if any, will be recognized on an accrual basis to the extent that we expect to collect such amounts.

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Expenses

Except as specifically provided below, all investment professionals and staff of the Adviser, when and to the extent engaged in providing investment advisory services to us, and the base compensation, bonus and benefits, and the routine overhead expenses, of such personnel allocable to such services, will be provided and paid for by the Adviser. The Administrator or its affiliates will bear all fees, costs, and expenses incurred that are not specifically assumed by the Fund under the Administration Agreement.

From time to time, FDS (in its capacity as the Adviser and Administrator) or its affiliates may pay third-party providers of goods or services. We will reimburse FDS (in its capacity as the Adviser or Administrator) or such affiliates thereof for any such amounts paid on our behalf. From time to time, FDS (in its capacity as the Adviser and Administrator) may defer or waive fees and/or rights to be reimbursed for expenses. All of the foregoing expenses will ultimately be borne by our shareholders, subject to the cap on Other Operating Expenses described below.

Expense Support and Conditional Reimbursement Agreement

The Fund entered into an Expense Support Agreement with our Adviser. Pursuant to the Expense Support Agreement, for the twelve month period commencing the date of Agreement, September 23, 2022, and unless terminated, for each successive one year period, the Adviser is obligated to advance all of our Other Operating Expenses (including organizational and offering expenses) to the effect that such expenses do not exceed 0.70% (on an annualized basis) of the Fund’s NAV. We will be obligated to reimburse the Adviser for such advanced expenses only if certain conditions are met. Any reimbursements will not exceed actual expenses incurred by the Adviser and its affiliates.

As of March 13 (commencement of operations), 2023, FDS voluntarily agreed to waive its right to receive any Reimbursement Payment for any Excess Operating Funds incurred in any month prior to a revocation. Any such amounts shall not be considered unreimbursed Expense Payments reimbursable in future months pursuant to the terms of the Expense Support Agreement. This voluntary arrangement can be terminated at any time, upon thirty days’ prior written notice to the Fund. For additional information, see “Item 1. Consolidated Financial Statements – Notes to Consolidated Financial Statements – Note 3. Related Party Agreements and Transactions.”

Portfolio and Investment Activity

For the six months ended June 30, 2024, we acquired $518.9 million of investments at amortized cost and a principal amount of $99.7 million of unfunded commitments.

For the six months ended June 30, 2023, we acquired $197.2 million of investments at amortized cost and a principal amount of $23.5 million of unfunded commitments.

57

Our investment activity is presented below (information presented herein is at amortized cost unless otherwise indicated):

	Six Months Ended June 30,
	2024			2023
Investments:
Total investments, beginning of period	$	524,521,191		$	—
New investments purchased		518,909,504			197,228,030
Net purchases (sales) of short-term investments		(15,208,974	)		—
Net accretion of discount on investments		1,277,144			195,592
Net realized gain (loss) on investments		(1,027,779	)		—
Investments sold or repaid		(118,997,082	)		(198,832	)
Total Investments, End of Period	$	909,474,004		$	197,224,790
Number of portfolio companies		110			26
Weighted average yield on debt, at amortized cost(1)		10.85	%		11.62	%
Weighted average yield on debt, at fair value(2)		10.87	%		11.53	%
Percentage of debt investments bearing a floating rate, at fair value		100	%		100	%
Percentage of debt investments bearing a fixed rate, at fair value		0	%		0	%

(1) Computed as the sum of, (a) the weighted average amortized cost multiplied by (b) the annual interest rate, for each investment. The weighted average amortized cost of an investment is computed by dividing the amortized cost by the sum of total amortized cost of debt investments.

(2) Computed as the sum of, (a) the weighted average fair value multiplied by (b) the annual interest rate, for each investment. The weighted average fair value of an investment is computed by dividing the fair value by the sum of total fair value of debt investments.

Our investments consisted of the following:

	June 30, 2024							December 31, 2023
	Amortized Cost		Fair Value		% of Total Investments at Fair Value			Amortized Cost		Fair Value		% of Total Investments at Fair Value
Total First Lien Debt	$	869,879,837	$	877,159,756		95.7	%	$	482,753,585	$	489,101,899		92.0	%
Total Second Lien Debt		9,621,642		9,236,750		1.0	%		—		—		0.0	%
Total Equity		4,239,476		4,701,979		0.5	%		2,002,315		2,240,826		0.4	%
Total Mutual Funds		25,733,049		25,941,898		2.8	%		39,765,291		40,123,900		7.6	%
Total Investment Portfolio	$	909,474,004	$	917,040,383		100.0	%	$	524,521,191	$	531,466,625		100.0	%

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As of June 30, 2024 and December 31, 2023, there were no investments on non-accrual status.

The industry composition of investments at fair value was as follows:

	June 30, 2024			December 31, 2023
Application Software		14.7	%		19.4	%
Health Care Services		10.2	%		6.4	%
Industrial Machinery & Supplies & Components		8.3	%		1.8	%
Specialized Consumer Services		8.2	%		13.2	%
Diversified Support Services		6.8	%		8.0	%
Human Resource & Employment Services		3.5	%		0.0	%
Electrical Components & Equipment		3.1	%		0.0	%
Life Sciences Tools & Services		3.0	%		5.2	%
Insurance Brokers		2.8	%		3.8	%
Mutual Funds		2.8	%		7.6	%
Property & Casualty Insurance		2.8	%		0.0	%
Environmental & Facilities Services		2.7	%		3.7	%
Aerospace & Defense		2.6	%		1.7	%
Packaged Foods & Meats		2.2	%		3.7	%
Automotive Parts & Equipment		2.1	%		3.7	%
Trading Companies & Distributors		2.0	%		1.2	%
Building Products		1.7	%		1.2	%
Soft Drinks & Non-Alcoholic Beverages		1.6	%		2.1	%
Air Freight & Logistics		1.4	%		2.8	%
Health Care Facilities		1.3	%		2.4	%
Education Services		1.1	%		1.4	%
Pharmaceuticals		1.1	%		1.9	%
Specialized Finance		1.1	%		1.9	%
Transaction & Payment Processing Services		1.0	%		0.0	%
Advertising		0.9	%		1.6	%
Commodity Chemicals		0.9	%		1.6	%
Data Processing & Outsourced Services		0.8	%		0.0	%
Food Retail		0.8	%		1.4	%
Health Care Supplies		0.8	%		0.0	%
Oil & Gas Refining & Marketing		0.8	%		1.4	%
Fertilizers & Agricultural Chemicals		0.6	%		0.0	%
Internet Services & Infrastructure		0.6	%		0.0	%
Security & Alarm Services		0.6	%		0.0	%
Diversified Chemicals		0.5	%		0.0	%
Diversified Financial Services		0.5	%		0.9	%
Health Care Distributors		0.5	%		0.0	%
Health Care Technology		0.5	%		0.0	%
Research & Consulting Services		0.5	%		0.0	%
Specialty Chemicals		0.5	%		0.0	%
Systems Software		0.5	%		0.0	%
Food Distributors		0.4	%		0.0	%
Home Improvement Retail		0.4	%		0.0	%
Metal, Glass & Plastic Containers		0.4	%		0.0	%
Personal Care Products		0.3	%		0.0	%
Asset Management & Custody Banks		0.1	%		0.0	%
Construction Materials		0.0	%		0.0	%
Total		100.0	%		100.0	%

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The geographic composition of investments at fair value was as follows:

	June 30, 2024								December 31, 2023
	Fair Value		% of Total Investments at Fair Value			Fair Value as % of Net Assets			Fair Value		% of Total Investments at Fair Value			Fair Value as % of Net Assets
United States	$	873,667,539		95.3	%		149.0	%	$	489,333,017		92.1	%		120.6	%
Australia		32,179,916		3.5	%		5.5	%		31,851,963		6.0	%		7.8	%
Canada		10,223,857		1.1	%		1.7	%		10,281,645		1.9	%		2.5	%
Luxembourg		969,071		0.1	%		0.2	%		—		0.0	%		0.0	%
Total	$	917,040,383		100.0	%		156.4	%	$	531,466,625		100.0	%		130.9	%

The Adviser monitors our portfolio companies on an ongoing basis. It monitors the financial trends of each portfolio company to determine if they are meeting their respective business plans and to assess the appropriate course of action with respect to each portfolio company. Our Adviser has several methods of evaluating and monitoring the performance and fair value of our investments, which may include the following:

•assessment of success of the portfolio company in adhering to its business plan and compliance with covenants;

•periodic and regular contact with portfolio company management and, if appropriate, the financial or strategic sponsor, to discuss financial position, requirements and accomplishments;

•comparisons to other companies in the portfolio company’s industry; and

•review of monthly or quarterly financial statements and financial projections for portfolio companies.

As part of the monitoring process, our Adviser employs an investment rating system to categorize our investments. In addition to various risk management and monitoring tools, our Adviser rates the credit risk of all debt investments on a scale of 1 to 5. This system is intended primarily to reflect the underlying risk of a portfolio investment relative to our initial cost basis in respect of such portfolio investment (i.e., at the time of origination or acquisition), although it may also take into account the performance of the portfolio company’s business, the collateral coverage of the investment and other relevant factors. The rating system is as follows:

1 – The portfolio investment is performing above our underwriting expectations.

2 – The portfolio investment is performing as expected at the time of underwriting. As a general rule, new investments are initially rated a 2.

3 – The portfolio investment is operating below our underwriting expectations and requires closer monitoring. The company may be out of compliance with financial covenants, however, principal or interest payments are generally not past due.

4 – The portfolio investment is performing materially below our underwriting expectations and returns on our investment are likely to be impaired. Principal or interest payments may be past due, however, full recovery of principal and interest payments are expected.

5 – The portfolio investment is performing significantly below expectations and the risk of the investment has increased substantially. The company is in payment default and the principal and interest payments are not expected to be repaid in full.

The following table shows the composition of our debt portfolio on the 1 to 5 rating scale as of June 30, 2024 and December 31, 2023:

Rating	June 30, 2024		December 31, 2023
1		—		—
2	$	874,448,893	$	489,101,899
3		11,947,613		—
4		—		—
5		—		—
Total	$	886,396,506	$	489,101,899

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Results of Operations

The following table represents the operating results:

	Three Months Ended June 30,					Six Months Ended June 30,
	2024			2023		2024			2023
Total investment income	$	25,894,229		$	4,676,014	$	45,703,327		$	5,215,766
Net expenses		11,031,589			1,188,001		18,902,170			1,482,598
Net investment income (loss)		14,862,640			3,488,013		26,801,157			3,733,168
Net realized gain (loss)		(453,320	)		—		(453,987	)		—
Net change in unrealized gains (losses)		1,129,971			440,766		296,493			1,482,103
Net increase (decrease) in net assets resulting from operations	$	15,539,291		$	3,928,779	$	26,643,663		$	5,215,271

Net increase (decrease) in net assets resulting from operations can vary from period to period as a result of various factors, including acquisitions, the level of new investment commitments, the recognition of realized gains and losses and changes in unrealized appreciation and depreciation on the investment portfolio. As a result, comparisons may not be meaningful.

Investment Income

Investment income was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Interest income	$	24,827,760	$	4,464,086	$	43,688,893	$	5,003,838
Dividend income		812,773		211,928		1,650,854		211,928
Other income		253,696		—		363,580		—
Total Investment Income	$	25,894,229	$	4,676,014	$	45,703,327	$	5,215,766

For the three and six months ended June 30, 2024, total investment income was $25.9 million and $45.7 million, respectively, driven by the combination of our deployment of capital and the performance of the investment portfolio. The size of our investment portfolio at fair value was $917.0 million at June 30, 2024 and our weighted average yield on debt, at fair value, was 10.87%. For the three and six months ended June 30, 2023, total investment income was $4.7 million and $5.2 million, respectively, driven by our deployment of capital during the year. The size of our investment portfolio at fair value was $198.7 million at June 30, 2023 and our weighted average yield on debt, at fair value, was 11.53%.

The interest rate environment was stable during the quarter as evidenced by SOFR remaining within a tight range around 5.30%. During this same timeframe spreads in the lower and core middle market, our primary area of focus, modestly compressed 50 to 100 bps from levels seen roughly a year ago. As a result, the weighted average yields on debt are slightly lower than prior periods though our investment income continued to grow due to the significant, continued growth of the Fund’s portfolio.

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Expenses

Expenses were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Interest expense	$	6,065,248		$	870,577		$	10,064,604		$	998,236
Management fees		1,749,476			481,257			3,210,454			546,448
Income based incentive fees		2,108,026			442,889			3,785,319			489,804
Capital gains incentive fees		122,376			55,095			18,474			185,262
Distribution and shareholder servicing fees
Class S		56			—			78			—
Class D		7			—			13			—
Administration fees		453,724			124,127			831,925			140,941
Organization expenses		—			—			—			1,163
Amortization of offering costs		—			358,244			291,680			477,659
Board of Trustees’ fees		54,038			84,483			102,546			174,233
Professional fees		200,042			246,349			376,044			643,188
Other general and administrative expenses		415,509			143,461			812,594			233,769
Total Expenses Before Reductions		11,168,502			2,806,482			19,493,731			3,890,703
Expense support		(136,913	)		(694,335	)		(591,561	)		(1,371,853	)
Management fees waived		—			(481,257	)		—			(546,448	)
Income based incentive fees waived		—			(442,889	)		—			(489,804	)
Net Expenses	$	11,031,589		$	1,188,001		$	18,902,170		$	1,482,598

Interest Expense

Total interest expense (including unused fees and amortization of deferred financing costs) for the three and six months ended June 30, 2024, was $6.1 million and $10.1 million, respectively. Total interest expense (including unused fees and amortization of deferred financing costs) for the three and six months ended June 30, 2023, was $0.9 million and $1.0 million, respectively. The increase in interest expense was driven by increased borrowings under our credit facilities as we continue to move the portfolio toward target leverage levels. The average principal balance outstanding increased from $17.1 million for the six months ended June 30, 2023 to $242.8 million for the six months ended June 30, 2024.

Management Fees

For the three and six months ended June 30, 2024, management fees were $1.7 million and $3.2 million, respectively. For the three and six months ended June 30, 2023 management fees were $0.5 million and $0.5 million, respectively. The Adviser waived management fees from March 13, 2023 (commencement of operations) through December 31, 2023, which resulted in a waiver of $0.5 million and $0.5 million, respectively, for the three and six months ended June 30, 2023. Management fees are payable monthly in arrears at an annual rate of 1.25% of the value of our net assets as of the beginning of the first calendar day of the applicable month.

Income Based Incentive Fees

For the three and six months ended June 30, 2024, income based incentive fees were $2.1 million and $3.8 million, respectively. For the three and six months ended June 30, 2023, income based incentive fees were $0.4 million and $0.5 million, respectively. The Adviser waived income based incentive fees from March 13, 2023 (commencement of operations) through December 31, 2023, which resulted in a waiver of $0.4 million and $0.5 million, for the three and six months ended June 30, 2023.

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Capital Gains Based Incentive Fees

For the three and six months ended June 30, 2024, we accrued capital gains incentive fees of $0.1 million and $0.02 million, respectively, none of which is payable under the Advisory Agreement. For the three and six months ended June 30, 2023, we accrued capital gains incentive fees of $0.06 million and $0.2 million, respectively, none of which was payable under the Advisory Agreement. For the three and six months ended June 30, 2024, the accrued incentive fees were attributable to net realized and change in unrealized gain of $0.7 million and net realized and change in unrealized loss of $0.2 million, respectively. For the three and six months ended June 30, 2023, the accrued incentive fees were attributable to net realized and change in unrealized gains of $0.4 million and $1.5 million, respectively. The accrual for any capital gains incentive fee under U.S. GAAP in a given period may result in an additional expense if such cumulative amount is greater than in the prior period or a reduction of previously recorded expense if such cumulative amount is less in the prior period. If such cumulative amount is negative, then there is no accrual.

Other Expenses

Professional fees include legal, audit, tax, valuation, technology and other professional fees incurred related to the management of the Fund. Administrative fees represent expenses incurred for services provided by FDS in its capacity as Administrator in accordance with the terms of the Administration Agreement. Other general and administrative expenses include insurance, filing, subscriptions and other costs.

Total other expenses were $1.1 million and $2.4 million for the three and six months ended June 30, 2024, respectively, and $1.0 million and $1.7 million for the three and six months ended June 30, 2023, respectively. Total other expenses were primarily composed of professional fees, the amortization of our offering costs, Distribution and shareholder servicing fees and other general and administrative expenses and Board of Trustees' fees. Increases in expenses were primarily driven by the larger portfolio and associated costs with managing the fund.

We entered into an Expense Support and Conditional Reimbursement Agreement with the Adviser. For additional information see “Item 1. Consolidated Financial Statements – Notes to Consolidated Financial Statements – Note 3. Related Party Agreements and Transactions.”

Income Taxes, Including Excise Taxes

We intend to elect to be treated as a RIC under Subchapter M of the Code, and we intend to operate in a manner so as to continue to qualify annually for the tax treatment applicable to RICs. To qualify for tax treatment as a RIC, we must, among other things, distribute to our shareholders in each taxable year generally at least 90% of the sum of our investment company taxable income, as defined by the Code (without regard to the deduction for dividends paid), and net tax-exempt income for that taxable year. To maintain our tax treatment as a RIC, we, among other things, intend to make the requisite distributions to our shareholders, which generally relieve us from corporate-level U.S. federal income taxes.

Depending on the level of taxable income earned in a tax year, we may carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that we determine that our estimated current year annual required distributable amount of income will be in excess of estimated current year dividend distributions from such income, we will accrue excise tax on estimated excess taxable income.

The Fund estimates tax liabilities for certain of the Fund’s investments held through wholly-owned subsidiaries taxed as corporations which may be subject to federal and state taxes. The tax liability may differ materially depending on conditions when these investments earn income or are disposed. The estimated tax liability of $0.3 million and $0 as of June 30, 2024, and December 31, 2023, respectively, is included in Other accounts payable and accrued liabilities in the consolidated statements of assets an liabilities. For the three and six months ended June 30, 2024, an increase in estimated tax liability of $0.3 million is included in Net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. For the three and six months ended June 30, 2023, there was no estimated tax liability.

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For the six months ended June 30, 2024 and for the period from inception to June 30, 2023, the Fund did not incur any U.S. federal income taxes, including excise taxes.

As of June 30, 2024 and December 31, 2023, $0 and $66,312, respectively, was recorded in excise tax payable on the consolidated statements of assets and liabilities.

Realized Gain (Loss)

Realized gain (loss) was comprised of the following:

	Three Months Ended June 30,					Six Months Ended June 30,
	2024			2023		2024			2023
Realized gain (loss) on investments	$	(1,027,112	)	$	—	$	(1,027,779	)	$	—
Realized gain (loss) on foreign currency transactions		573,792			—		573,792			—
Net Realized Gain (Loss) on Investments	$	(453,320	)	$	—	$	(453,987	)	$	—

For the three and six months ended June 30, 2024, the Fund generated net realized loss on investments of $1.0 million and $1.0 million, respectively, from the sale of investments. The realized loss on investments is primarily driven by the sale of Alitice France SA. For the three and six months ended June 30, 2024, the Fund generated a net realized gain of $0.6 million primarily due to the repayment of borrowings denominated in foreign currencies. For the three and six months ended June 30, 2023, the Fund did not generate any realized gain (loss) on investments.

Net Change in Unrealized Appreciation (Depreciation)

Net change in unrealized appreciation (depreciation) was comprised of the following:

	Three Months Ended June 30,					Six Months Ended June 30,
	2024			2023		2024			2023
Net change in unrealized appreciation (depreciation) on non-controlled / non-affiliate investments	$	1,674,840		$	351,901	$	472,090		$	1,393,238
Net change in unrealized appreciation (depreciation) on non-controlled / affiliate investments		(178,332	)		88,865		(149,760	)		88,865
Net change in unrealized appreciation (depreciation) on foreign currency translation		(366,537	)		—		(25,837	)		—
Net change in unrealized appreciation (depreciation)	$	1,129,971		$	440,766	$	296,493		$	1,482,103

For the three and six months ended June 30, 2024, the fair value of our debt investments increased due to spread tightening in the credit market and the financial performance of our portfolio companies, offset predominantly due to the performance of several broadly syndicated loans, as well as softness in the performance of a small number of portfolio companies. The net change in unrealized appreciation for the three and six months ended June 30, 2023, was primarily due to the spread tightening in the credit market. For the three and six months ended June 30, 2024, the Fund incurred a change in unrealized depreciation due to the reversal of unrealized appreciation on borrowings denominated in foreign currencies recognized during the quarter ended March 31, 2024 and the year ended December 31, 2023. The change in unrealized depreciation is offset by a realized gain on foreign currency transactions realized upon repayment of foreign denominated borrowings.

Financial Condition, Liquidity and Capital Resources

We generate cash primarily from the net proceeds of our continuous offering of Common Shares, proceeds from net borrowings on our credit facility, income earned and repayments on principal on our debt investments. The primary uses of our cash and cash equivalents are for (i) originating and purchasing debt and other investments, (ii) funding the costs of our operations (including fees paid to our Adviser and expense reimbursements paid to our Administrator), (iii) debt service, repayment and other financing costs, (iv) funding repurchases under our share repurchase program and (v) cash distributions to the holders of our shares.

64

As of June 30, 2024 and December 31, 2023, we had two revolving credit facilities outstanding. The Fund may, from time to time, enter into additional credit facilities, increase the size of our existing credit facilities or issue additional debt securities, including debt securitizations, unsecured debt or other forms of debt. Any such incurrence or issuance may be from sources within the U.S. or from various foreign geographies or jurisdictions and may be denominated in currencies other than the U.S. Dollar. Additionally, any such incurrence or issuance would be subject to prevailing market conditions, our liquidity requirements, contractual and regulatory restrictions and other factors. In accordance with the 1940 Act, with certain limited exceptions, we are only allowed to incur borrowings, issue debt securities or issue preferred stock, if immediately after the borrowing or issuance, the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock, is at least 150%. On June 13, 2024, the initial principal commitment of the JPMorgan Lending Facility was increased from $460 million to $500 million. On May 2, 2024, Fidelity Private Credit Fund BSPV LLC, a wholly-owned subsidiary of the Fund, entered into a revolving credit facility (the “BSPV Facility”) with BNP Paribas (“BNP”). The principal commitment amount under the BSPV Facility is $250 million, subject to availability under the borrowing base, which is based on the BSPV’s portfolio investments and outstanding indebtedness, subject to the satisfaction of certain conditions. Advances under the BSPV Facility currently bear interest at a per annum rate equal to the benchmark in effect for the currency of the applicable advance (which is Term SOFR in the case of U.S. dollar advances), plus an applicable margin of 2.55% per annum prior to May 2, 2027 and 3.05% per annum subsequent to May 2, 2027. The BSPV will also pay an unused fee of up to the applicable margin on average daily undrawn amounts under the BSPV Facility. The Fund can draw on the BSPV Facility until May 2, 2027, and the facility will mature on May 2, 2029. During the period from May 3, 2027 to May 2, 2029, the Fund will be obligated to make equal monthly payments such that the final monthly payment renders the loan fully paid. As of June 30, 2024 and December 31, 2023, the Fund had $365.0 million and $105.8 million of debt outstanding under our revolving credit facilities, respectively. As of June 30, 2024 and December 31, 2023 and our asset coverage ratio was 261% and 483%, respectively.

Cash as of June 30, 2024, taken together with our $385.0 million of available capacity under our credit facility (subject to borrowing base availability), proceeds from new or amended financing arrangements and the continuous offering of our Common Shares is expected to be sufficient for our investing activities and to conduct our operations in the near term. This determination is based in part on our expectations for the timing of funding investment purchases and the timing and amount of future proceeds from sales of our Common Shares and the use of existing and future financing arrangements. We plan to fund using proceeds from offering our Common Shares and available borrowing capacity under our credit facilities for new investments.

Although we have secured financing, any disruption in the financial markets or any other negative economic development could restrict our access to financing in the future. We may not be able to find new financing for future investments or liquidity needs and, even if we are able to obtain such financing, such financing may not be on as favorable terms as we could have obtained previously. These factors may limit our ability to make new investments and adversely impact our results of operations.

As of June 30, 2024, we had $43.6 million in cash. During the six months ended June 30, 2024, cash used in operating activities was $376.5 million primarily as a result of funding new investments modestly offset by sales of investments and principal repayments. Cash provided by financing activities was $418.7 million during the period primarily as a result of new share issuances and net borrowings, partially offset by share repurchases and distributions to shareholders.

As of June 30, 2023 we had $0.3 million in cash and $1.6 million in short-term liquid investments. During the six months ended June 30, 2023, cash used in operating activities was $186.7 million, primarily as a result of funding portfolio investments. Cash provided by financing activities was $187.0 million during the period, primarily as a result of new share issuances and net borrowings, partially offset by the payment of financing costs.

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Equity

The following table summarizes transactions in Common Shares during the three and six months ended June 30, 2024:

	Three Months Ended June 30, 2024						Six Months Ended June 30, 2024
	Shares			Amount			Shares			Amount
CLASS I
Subscriptions		3,431,569		$	88,659,304			6,709,773		$	173,401,943
Share transfers between classes		—			—			—			—
Distributions reinvested		298,681			7,722,148			544,209			14,069,401
Share repurchases		(267,690	)		(6,920,455	)		(290,266	)		(7,502,429	)
Early repurchase deduction		—			2,098			—			6,648
Net increase (decrease)		3,462,560		$	89,463,095			6,963,716		$	179,975,563
CLASS S
Subscriptions		1,863			48,250			1,863			48,250
Share transfers between classes		—			—			—			—
Distributions reinvested		10			243			19			480
Share repurchases		—			—			—			—
Early repurchase deduction		—			—			—			—
Net increase (decrease)		1,873		$	48,493			1,882		$	48,730
CLASS D
Subscriptions		—			—			—			—
Share transfers between classes		—			—			—			—
Distributions reinvested		11			259			20			512
Share repurchases		—			—			—			—
Early repurchase deduction		—			—			—			—
Net increase (decrease)		11		$	259			20		$	512
Total net increase (decrease)		3,464,444		$	89,511,847			6,965,618		$	180,024,805

The following table summarizes transactions in Common Shares during the three and six months ended June 30, 2023:

	Three Months Ended June 30, 2023						Six Months Ended June 30, 2023
	Shares			Amount			Shares			Amount
CLASS I
Subscriptions		3,435,378		$	86,794,592			7,519,670		$	188,901,900
Share transfers between classes		—			—			—			—
Distributions reinvested		44,626			1,126,903			44,626			1,126,903
Share repurchases		(2,049	)		(51,039	)		(2,049	)		(51,039	)
Early repurchase deduction		—			1,020			—			1,020
Net increase (decrease)		3,477,955		$	87,871,476			7,562,247		$	189,978,784

Distributions and Distribution Reinvestment

The following table summarizes our distributions declared and payable for the six months ended June 30, 2024:

			Class I
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.2175	$	3,699,830
February 29, 2024	February 29, 2024	March 22, 2024		0.2175		3,913,427
March 29, 2024	March 31, 2024	April 22, 2024		0.2175		4,186,257
April 26, 2024	April 30, 2024	May 22, 2024		0.2175		4,465,411
May 29, 2024	May 31, 2024	June 25, 2024		0.2175		4,678,992
June 28, 2024	June 28, 2024	July 23, 2024		0.2175		4,992,714
			$	1.3050	$	25,936,631

66

			Class S
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.1992	$	80
February 29, 2024	February 29, 2024	March 22, 2024		0.1992		80
March 29, 2024	March 31, 2024	April 22, 2024		0.1991		80
April 26, 2024	April 30, 2024	May 22, 2024		0.1995		81
May 29, 2024	May 31, 2024	June 25, 2024		0.1989		82
June 28, 2024	June 28, 2024	July 23, 2024		0.1995		454
			$	1.1954	$	857

			Class D
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.2121	$	84
February 29, 2024	February 29, 2024	March 22, 2024		0.2121		85
March 29, 2024	March 31, 2024	April 22, 2024		0.2121		86
April 26, 2024	April 30, 2024	May 22, 2024		0.2122		87
May 29, 2024	May 31, 2024	June 25, 2024		0.2120		87
June 28, 2024	June 28, 2024	July 23, 2024		0.2122		88
			$	1.2727	$	517

The following table summarizes our distributions declared and payable for the six months ended June 30, 2023.

			Class I
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
April 26, 2023	April 28, 2023	May 18, 2023	$	0.2000	$	950,534
May 25, 2023	May 31, 2023	June 23, 2023		0.2050		1,223,097
June 27, 2023	June 30, 2023	July 25, 2023		0.2050		1,550,697
			$	0.6100	$	3,724,328

For the six months ended June 30, 2023 there were no Class S or Class D distributions.

With respect to distributions, the Fund has adopted an “opt out” distribution reinvestment plan for shareholders (other than shareholders residing in certain states that require an “opt in” plan). As a result, in the event of a declared cash distribution or other distribution, each shareholder that has not “opted out” of the distribution reinvestment plan will have their dividends or distributions automatically reinvested in additional shares rather than receiving cash distributions. Shareholders who receive distributions in the form of shares will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions. Shareholders located in Alabama, Arkansas, Idaho, Kansas, Kentucky, Maine, Maryland, Massachusetts, Nebraska, New Jersey, North Carolina, Ohio, Oregon, Vermont and Washington, as well as those who are clients of certain participating brokers that do not permit automatic enrollment in our distribution reinvestment plan, will automatically receive their distributions in cash unless they elect to participate in our distribution reinvestment plan and have their cash distributions reinvested in additional Common Shares.

The following table reflects the sources of cash distributions on a U.S. GAAP basis that we declared on our shares of common stock during the six months ended June 30, 2024:

	Class I				Class S				Class D
Source of Distribution	Per Share		Amount		Per Share		Amount		Per Share		Amount
Net investment income	$	1.31	$	25,936,631	$	1.20	$	857	$	1.27	$	517
Net realized gains		—		—		—		—		—		—
Total	$	1.31	$	25,936,631	$	1.20	$	857	$	1.27	$	517

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The following table reflects the sources of cash distributions on a U.S. GAAP basis that we declared on our shares of common stock during the six months ended June 30, 2023.

	Class I				Class S				Class D
Source of Distribution	Per Share		Amount		Per Share		Amount		Per Share		Amount
Net investment income	$	0.61	$	3,724,328	$	—	$	—	$	—	$	—
Net realized gains		—		—		—		—		—		—
Total	$	0.61	$	3,724,328	$	—	$	—	$	—	$	—

Share Repurchase Program

At the discretion of the Board, the Fund has commenced a share repurchase program in which the Fund may repurchase, in each quarter, up to 5% of the NAV of the Fund’s Common Shares outstanding (either by number of shares or aggregate NAV) as of the close of the previous calendar quarter. The Board may amend or suspend the share repurchase program at any time if in its reasonable judgment it deems such action to be in the best interest of shareholders, such as when a repurchase offer would place an undue burden on the Fund’s liquidity, adversely affect the Fund’s operations or risk having an adverse impact on the Fund that would outweigh the benefit of the repurchase offer. As a result, share repurchases may not be available each quarter. The Fund intends to conduct such repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the 1940 Act. All shares purchased pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares.

Under the share repurchase plan, to the extent the Fund offers to repurchase shares in any particular quarter, it is expected to repurchase shares pursuant to tender offers using a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter, except that shares that have not been outstanding for at least one year will be repurchased at an Early Repurchase Deduction. The one-year holding period is measured as of the subscription closing date immediately following the prospective repurchase date. The Early Repurchase Deduction may be waived in the case of repurchase requests arising from the death, divorce or qualified disability of the holder. The Early Repurchase Deduction will be retained by the Fund for the benefit of remaining shareholders across all shares.

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2024:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
February 29, 2024	5%	$	25.78	March 29, 2024	$	577,424		22,576	0.14%
May 31, 2024	5%	$	25.85	June 28, 2024	$	6,918,357		267,690	1.18%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

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The following table summarizes the share repurchases completed during the three and six months ended June 30, 2023:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
May 31, 2023	5%	$	25.32	June 30, 2023	$	50,019		2,049	0.05%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

Borrowings

The Fund’s average outstanding debt and weighted average interest rate paid for the three and six months ended June 30, 2024 were $287.4 million and 7.28% and $242.8 million and 7.29%, respectively. The Fund’s average outstanding debt and weighted average interest rate paid for the three and six months ended June 30, 2023 were $17.6 million and 6.91% and $17.1 million and 6.90%, respectively. Our outstanding debt obligations were as follows:

	June 30, 2024
	Aggregate Principal Committed		Outstanding Principal		Carrying Value
JPMorgan Lending Facility	$	500,000,000	$	330,000,000	$	330,000,000
BSPV Facility		250,000,000		35,000,000		35,000,000
Total	$	750,000,000	$	365,000,000	$	365,000,000

	December 31, 2023
	Aggregate Principal Committed		Outstanding Principal		Carrying Value
JPMorgan Lending Facility (1)	$	460,000,000	$	105,848,459	$	105,848,459
Total	$	460,000,000	$	105,848,459	$	105,848,459

(1)Under the JPMorgan Lending Facility, the Fund is permitted to borrow in USD or certain other currencies. As of December 31, 2023, the Fund had borrowings denominated in CAD of $21 million, translated to USD of $15.8 million. In connection with the preparation of the Fund’s financial statements for the quarter ended March 31, 2024, the reported amount of $481 million of Aggregate Principal Committed for the year ended December 31, 2023, was revised to $460 million of Aggregate Principal Committed, noted above, to correct the prior disclosure.

The following table shows the contractual maturities of our debt obligations as of June 30, 2024:

	Payments Due by Period
	Total		Less than 1 year		1 — 3 Years		3 — 5 years		More than 5 years
JPMorgan Lending Facility	$	330,000,000	$	—	$	—	$	330,000,000	$	—
BSPV Facility		35,000,000		—		—		35,000,000		—
Total Debt Obligations	$	365,000,000	$	—	$	—	$	365,000,000	$	—

The following table shows the contractual maturities of our debt obligations as of December 31, 2023:

	Payments Due by Period
	Total		Less than 1 year		1 — 3 Years		3 — 5 years		More than 5 years
JPMorgan Lending Facility	$	105,848,459	$	—	$	—	$	105,848,459	$	—
Total Debt Obligations	$	105,848,459	$	—	$	—	$	105,848,459	$	—

For additional information on our borrowings, refer to “Item 1. Consolidated Financial Statements – Notes to Consolidated Financial Statements – Note 7. Borrowings.”

Off-Balance Sheet Arrangements

Other than contractual commitments and other legal contingencies incurred in the normal course of our business, we do not expect to have any off-balance sheet financings or liabilities.

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Our investment portfolio contains and is expected to continue to contain debt investments in the form of lines of credit, revolving credit facilities and delayed draw commitments which require us to provide funding when requested by portfolio companies in accordance with the underlying loan agreements. As of June 30, 2024 and December 31, 2023, we had unfunded commitments to borrowers in the aggregate principal amount of $191.1 million and $99.3 million, respectively.

From time to time, the Fund may become party to certain legal proceedings in the ordinary course of business. As of June 30, 2024, management is not aware of any pending or threatened litigation.

Related-Party Transactions

We have entered into a number of business relationships with affiliated or related parties, including the following;

•the Advisory Agreement;

•the Administration Agreement;

•the Transfer Agent Agreement;

•the Managing Dealer Agreement;

•Expense Support and Conditional Reimbursement Agreement;

•Administrative Agent Expense Allocation Agreement;

•Affiliated investments;

•Affiliate Ownership; and

•Co-investment Relief;

In addition to the aforementioned agreements, we, our Adviser, and certain of our Adviser’s affiliates have been granted exemptive relief by the SEC to co-invest with other funds managed by our Adviser or its affiliates in a manner consistent with our investment objectives, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. See “Item 1. Consolidated Financial Statements – Notes to Consolidated Financial Statements – Note 3. Related Party Agreements and Transactions.”

Recent Developments

See “Item 1. Consolidated Financial Statements – Notes to Consolidated Financial Statements – Note 10. Subsequent Events” for a summary of recent developments.

Critical Accounting Estimates

The preparation of the consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Changes in the economic environment, financial markets, and any other parameters used in determining such estimates could cause actual results to differ.

Fair Value Measurements

The Fund values its investments, upon which its NAV is based, in accordance with ASC 820, Fair Value Measurement, which defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also provides a framework for measuring fair value, establishes a fair value hierarchy based on the observability of inputs used to measure fair value and prescribes disclosure requirements for fair value measurements.

Pursuant to Rule 2a-5, the Board has designated the Adviser as the valuation designee responsible for valuing all of the Fund’s investments, including making fair valuation determinations as needed. The Adviser has established a Fair Value Committee to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern activities of the Fair Value Committee and the performance of functions required to determine the fair value of a fund’s investments in good faith. These functions include periodically assessing and managing material risks associated with fair value determinations, selecting, applying, reviewing, and testing fair value methodologies, monitoring for circumstances that may necessitate the use of fair value, and overseeing and evaluating pricing services used.

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In accordance with the Adviser’s policies and procedures, which have been approved by the Board, investments, including debt securities, that are publicly traded but for which no readily available market quotations exist are generally valued on the basis of information furnished by an independent third-party pricing service that uses a valuation matrix which incorporates both dealer-supplied valuations and electronic data processing techniques. To assess the continuing appropriateness of pricing sources and methodologies, the Adviser regularly performs price verification procedures, engages in oversight activities with respect to third-party pricing sources used and issues challenges as necessary to independent pricing services or brokers, and any differences are reviewed in accordance with the valuation procedures. The Adviser does not adjust the prices unless it has a reason to believe market quotations or prices received from third-party pricing services are not reflective of the fair value of an investment.

Investments that are not publicly traded or whose current market prices or quotations are not readily available are valued at fair value as determined by the Adviser in good faith pursuant to the Adviser’s Board-approved policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. In determining fair value of the Fund’s loan investments the types of factors that the Fair Value Committee may take into account generally include comparison to publicly-traded securities including such factors as yield, maturity and measures of credit quality, the enterprise value of the portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business and other relevant factors.

The Fund has engaged an independent valuation firm to prepare month-end valuation recommendations for investments for which market quotations are not readily available as of the last calendar day of each month. The independent valuation firm undertakes a full analysis of the investments and provides estimated fair values for such investments to the Adviser. The independent valuation firm also provides analyses to support their valuation methodology and calculations. The Adviser’s Fair Value Committee reviews and approves each valuation recommendation and confirms it has been calculated in accordance with the Board-approved policies and procedures. The Fair Value Committee manages the Fund’s fair valuation practices and maintains the fair valuation policies and procedures. The Adviser reports to the Board information regarding the fair valuation process and related material matters. The Board may determine to modify its designation of the Adviser as valuation designee, relating to any or all Fund investments, at any time.

Our accounting policy regarding the fair value of our investments is critical because the determination of fair value involves subjective judgments and requires the use of estimates. Due to the inherent uncertainty of determining fair value measurements, the fair values of our investments may differ from the amounts that we ultimately realize or collect from sales or maturities of our investments, and the differences could be material.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk.

We are subject to financial market risks, including valuation risk and interest rate risk.

Valuation Risk

We have invested, and plan to continue to invest, primarily in illiquid debt securities of private companies. Most of our investments will not have a readily available market price, and we value these investments at fair value as determined in good faith by the Adviser, based on, among other things, input from independent third-party valuation firms engaged to review our investments. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of our investments may fluctuate from period to period. Additionally, the fair value of our investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that we may ultimately realize. Further, such investments are generally subject to legal and other restrictions on resale or otherwise are less liquid than publicly traded securities. If we are required to liquidate a portfolio investment in a forced or liquidation sale, we could realize significantly less than the value at which we have recorded it. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on our investments to be different than the unrealized appreciation (depreciation) reflected in the valuations currently recorded.

Interest Rate Risk

Interest rate sensitivity refers to the change in earnings that may result from changes in the level of interest rates, including changes due to inflation. We intend to fund portions of our investments with borrowings, and at such time, our net investment income will be affected by the difference between the rate at which we invest and the rate at which we borrow. Accordingly, we cannot assure shareholders that a significant change in market interest rates will not have a material adverse effect on our net investment income.

As of June 30, 2024, 100.0% of our debt investments at fair value were at floating rates. Based on our consolidated statements of assets and liabilities as of June 30, 2024, the following table shows the annualized impact on net income of hypothetical base rate changes in interest rates (considering base rate floors and ceilings for floating rate instruments assuming no changes in our investment and borrowing structure):

	Interest Income			Interest Expense			Net Income
Up 300 basis points	$	26,925,318		$	10,950,000		$	15,975,318
Up 200 basis points		17,950,212			7,300,000			10,650,212
Up 100 basis points		8,975,106			3,650,000			5,325,106
Down 100 basis points		(8,975,106	)		(3,650,000	)		(5,325,106	)
Down 200 basis points		(17,950,212	)		(7,300,000	)		(10,650,212	)
Down 300 basis points		(26,925,318	)		(10,950,000	)		(15,975,318	)

Item 4. Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures

In accordance with Rules 13a-15(b) and 15d-15(b) of the Securities Exchange Act of 1934, as amended, we, under the supervision and with the participation of our President and Treasurer (principal executive officer) and Chief Financial Officer (principal financial officer), carried out an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this Quarterly Report on Form 10-Q and determined that our disclosure controls and procedures are effective as of the end of the period covered by the Quarterly Report on Form 10-Q.

(b) Changes in Internal Controls Over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

72

PART II—OTHER INFORMATION

Item 1. Legal Proceedings.

We are not currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceedings threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us. While the outcome of any such legal or regulatory framework cannot be predicted with certainty, we do not expect that any such future proceedings will have a material effect upon our financial condition or results of operations.

Item 1A. Risk Factors.

In addition to the other information set forth in this report, you should carefully consider the risk factors disclosed in our annual report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 22, 2024, as well as the risk factors set forth in our Post-Effective Amendment No. 2 to our registration statement on Form N-2, filed with the SEC on April 26, 2024.

73

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Share Repurchases

We have commenced a share repurchase program in which we intend to offer to repurchase, in each quarter, up to 5% of our Common Shares outstanding (by number of shares) as of the close of the previous calendar quarter. Our Board of Trustees may amend or suspend the share repurchase program at any time if it deems such action to be in our best interest and the best interest of our shareholders, such as when a repurchase offer would place an undue burden on our liquidity or otherwise adversely affect our operations. As a result, share repurchases may not be available each quarter. We intend to conduct such repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the 1940 Act. All shares purchased by us pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares.

Under our share repurchase program, to the extent we offer to repurchase shares in any particular quarter, we expect to repurchase shares pursuant to quarterly tender offers using a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter, except that shares that have not been outstanding for at least one year will be repurchased at 98% of such NAV.

The following table sets forth information regarding repurchases of shares of our common stock during the six months ended June 30, 2024:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
February 29, 2024	5%	$	25.78	March 29, 2024	$	577,424		22,576	0.14%
May 31, 2024	5%	$	25.85	June 28, 2024	$	6,918,357		267,690	1.18%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

For additional information, see “Item 1. Consolidated Financial Statements – Notes to Consolidated Financial Statements – Note 8. Net Assets

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not Applicable.

Item 5. Other Information.

None.

74

Item 6. Exhibits.

Exhibit Number	Description
3.1	Declaration of Trust of the Registrant.(1)
3.2	Fourth Amended and Restated Declaration of Trust of the Registrant.(1)
3.3	Third Amended and Restated Bylaws of the Registrant.(1)
10.1	Commitment Increase Agreement, dated as of June 13, 2024, by and among Fidelity Private Credit Fund, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.(3)
10.2	Revolving Credit and Security Agreement, dated as of May 2, 2024, among Fidelity Private Credit Fund BSPV LLC, as Borrower, the Lenders from time to time parties thereto, BNP Paribas, as Administrative Agent, Fidelity Private Credit Fund, as Equityholder, Fidelity Private Credit Fund, as Investment Advisor, Virtus Group, LP, as Collateral Administrator, and State Street Bank and Trust Company, as Collateral Agent (2)(4)
31.1	Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
31.2	Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
32.1	Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
32.2	Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS	Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document.
101.SCH	Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Filed herewith.

(1) Previously filed as an Exhibit to the Fund’s Form 10-K, filed on March 22, 2023.

(2) Schedules to this Exhibit have been omitted in accordance with Item 601 of Regulation S-K. The registrant agrees to furnish supplementally a copy of all omitted schedules to the SEC upon its request.

(3) Previously filed as Exhibit 10.1 to the Fund’s Current Report on Form 8-K, filed on June 18, 2024.

(4) Previously filed as Exhibit 10.1 to the Fund’s Current Report on Form 10-Q, filed on May 10, 2024.

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SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	FIDELITY PRIVATE CREDIT FUND
Date: August 14, 2024	By:	/s/ Heather Bonner
	Name:	Heather Bonner
	Title:	President and Treasurer (Principal Executive Officer)

	FIDELITY PRIVATE CREDIT FUND
Date: August 14, 2024	By:	/s/ John J. Burke III
	Name:	John J. Burke III
	Title:	Chief Financial Officer (Principal Financial Officer)

1.9909885.101

76

EX-31.1

Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Heather Bonner, President and Treasurer of Fidelity Private Credit Fund, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Fidelity Private Credit Fund (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of trustees (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 14, 2024	By:	/s/ Heather Bonner
		Heather Bonner
		President and Treasurer
		(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, John J. Burke III, Chief Financial Officer of Fidelity Private Credit Fund, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Fidelity Private Credit Fund (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of trustees (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 14, 2024	By:	/s/ John J. Burke III
		John J. Burke III
		Chief Financial Officer
		(Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 1350, Chapter 63 of Title 18, United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, in connection with this quarterly report on Form 10-Q for Fidelity Private Credit Fund (the “Fund”), I, Heather Bonner, the President and Treasurer of the Fund, hereby certify, to the best of my knowledge, that:

(1) the Fund’s Form 10-Q for the quarter ended June 30, 2024 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in the Fund’s Form 10-Q for the quarter ended June 30, 2024 fairly presents, in all material respects, the financial condition and results of operations of the Fund.

Date: August 14, 2024	By:	/s/ Heather Bonner
		Heather Bonner
		President and Treasurer
		(Principal Executive Officer)

EX-32.2

Exhibit 32.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 1350, Chapter 63 of Title 18, United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, in connection with this quarterly report on Form 10-Q for Fidelity Private Credit Fund (the “Fund”), I, John J. Burke III, hereby certify, to the best of my knowledge, that:

(1) the Fund’s Form 10-Q for the quarter ended June 30, 2024 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(2) the information contained in the Fund’s Form 10-Q for the quarter ended June 30, 2024 fairly presents, in all material respects, the financial condition and results of operations of the Fund.

Date: August 14, 2024	By:	/s/ John J. Burke III
		John J. Burke III
		Chief Financial Officer
		(Principal Financial Officer)

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 07, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Document Fiscal Year Focus	2024
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Securities Act File Number	814-01571
Entity Central Index Key	0001920453
Entity Registrant Name	Fidelity Private Credit Fund
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-6585799
Entity Address, Address Line One	245 Summer Street
Entity Address, City or Town	Boston
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02210
City Area Code	617
Local Phone Number	563-7000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Class I Common Shares [Member]
Document Information [Line Items]
Title of 12(g) Security	Class I Common shares of beneficial interest, par value $0.01
Entity Common Stock, Shares Outstanding		23,740,188
Class S Common Shares [Member]
Document Information [Line Items]
Title of 12(g) Security	Class S Common shares of beneficial interest, par value $0.01
Entity Common Stock, Shares Outstanding		6,034
Class D Common Shares [Member]
Document Information [Line Items]
Title of 12(g) Security	Class D Common shares of beneficial interest, par value $0.01
Entity Common Stock, Shares Outstanding		418

XML

Consolidated Statements of Assets and Liabilities - USD ($)		Jun. 30, 2024	Dec. 31, 2023
Assets
Investment at Fair Value		$ 917,040,383	$ 531,466,625
Foreign cash		0	316,970
Deferred offering costs		0	291,680
Deferred financing costs		6,624,825	3,536,786
Receivables from sales and paydowns of investments		1,849,403	370,912
Interest receivable		13,482,099	7,719,089
Due from affiliates, net		0	561,250
Prepaid and deferred expenses		13,635	34,088
Total Assets		982,794,489	545,607,171
Liabilities
Debt		365,000,000	105,848,459
Payable for purchases of securities		12,142,407	28,618,421
Payable for capital shares repurchased		6,920,446	27,140
Distribution payable		4,993,256	3,380,966
Interest payable		1,887,629	633,359
Management fee payable		1,198,148	0
Shareholder servicing fee payable		0	9
Excise tax payable		0	66,312
Due to affiliates, net		360,535	0
Other accounts payable and accrued liabilities		779,599	376,999
Total Liabilities		396,276,698	139,819,843
Commitments and Contingencies (Note 7)
Net Assets
Paid-in-capital in excess of par value		575,858,258	396,598,745
Total distributable earnings (loss)		10,432,633	9,031,339
Total Net Assets		586,517,791	405,787,328
Total Liabilites and Net Assets		982,794,489	545,607,171
Net Asset Value Per Share
Net assets		$ 586,517,791	$ 405,787,328
Common Shares outstanding ($0.01 par value, unlimited shares authorized)		22,690,013	15,724,395
Income Based Incentive Fees (Member)
Liabilities
Incentive fee payable		$ 2,108,026	$ 0
Capital Gains Incentive Fees [Member]
Liabilities
Incentive fee payable		886,652	868,178
Non-Controlled / Non-Affiliate Investments
Assets
Investment at Fair Value		891,217,928	506,671,142
Non-controlled / Affiliate Investments
Assets
Investment at Fair Value		25,822,455	24,795,483
Non-Controlled / Affiliate Investments
Assets
Investment at Fair Value		25,822,455	24,795,483
Dividend receivable		202,197	190,132
Class I Shares
Net Assets
Common Shares, Value		$ 226,900	$ 157,244
Net Asset Value Per Share
Common Shares outstanding ($0.01 par value, unlimited shares authorized)		22,687,321	15,723,605
Net asset value per share		$ 25.85	$ 25.81
Class D Shares
Net Asset Value Per Share
Common Shares outstanding ($0.01 par value, unlimited shares authorized)		415	395
Net asset value per share	[1]	$ 25.85	$ 25.81
Class S Shares
Net Asset Value Per Share
Common Shares outstanding ($0.01 par value, unlimited shares authorized)		2,277	395
Net asset value per share	[1]	$ 25.85	$ 25.81
Net Asset Value Per Share | Class I Shares
Net Assets
Total Net Assets		$ 586,448,217	$ 405,766,957
Net Asset Value Per Share
Net assets		586,448,217	405,766,957
Net Asset Value Per Share | Class D Shares
Net Assets
Total Net Assets		10,716	10,188
Net Asset Value Per Share
Net assets		10,716	10,188
Net Asset Value Per Share | Class S Shares
Net Assets
Total Net Assets		58,858	10,183
Net Asset Value Per Share
Net assets		58,858	10,183
Cash
Assets
Cash		$ 43,581,947	$ 1,119,639

[1] Net asset value per share may not calculate due to fractional shares.

XML

Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($)			6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2024	Dec. 31, 2023
Cost of foreign cash	$ 0	$ 317,490
Common stock, par value	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock, shares issued	22,690,013	15,724,395	22,690,013	15,724,395
Common stock, shares outstanding	22,690,013	15,724,395	22,690,013	15,724,395
Non-Controlled / Non-Affiliate Investments
Investments in securities at cost	$ 883,860,398	$ 500,084,317	$ 883,860,398	$ 500,084,317
Non-Controlled / Affiliate Investments
Investments in securities at cost	$ 25,613,606	$ 24,436,874	$ 25,613,606	$ 24,436,874
Class I Shares
Common stock, par value	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock, shares outstanding	22,687,321	15,723,605	22,687,321	15,723,605
Common stock, shares authorized, unlimited			Unlimited	Unlimited
Class D Shares
Common stock, par value	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock, shares outstanding	415	395	415	395
Common stock, shares authorized, unlimited			Unlimited	Unlimited
Class S Shares
Common stock, par value	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock, shares outstanding	2,277	395	2,277	395
Common stock, shares authorized, unlimited			Unlimited	Unlimited

XML

Statement of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investment Income
Total Investment Income	$ 25,894,229	$ 4,676,014	$ 45,703,327	$ 5,215,766
Expenses
Interest expense	6,065,248	870,577	10,064,604	998,236
Management fees	1,749,476	481,257	3,210,454	546,448
Administration fees	453,724	124,127	831,925	140,941
Organization expenses	0	0	0	1,163
Amortization of deferred offering costs	0	358,244	291,680	477,659
Board of Trustees' fees	54,038	84,483	102,546	174,233
Professional fees	200,042	246,349	376,044	643,188
Other general and administrative expenses	415,509	143,461	812,594	233,769
Total Expenses Before Reductions	11,168,502	2,806,482	19,493,731	3,890,703
Expense support	(136,913)	(694,335)	(591,561)	(1,371,853)
Net Expenses	11,031,589	1,188,001	18,902,170	1,482,598
Net investment income (loss)	14,862,640	3,488,013	26,801,157	3,733,168
Net Realized and Unrealized Gains (Losses)
Realized gain (loss) on foreign currency transactions	573,792	0	573,792	0
Net realized gain (loss)	(453,320)	0	(453,987)	0
Net change in unrealized appreciation (depreciation) on foreign currency translation	(366,537)	0	(25,837)	0
Net Change in Unrealized Gains (Losses)	1,129,971	440,766	296,493	1,482,103
Net Realized and Change in Unrealized Gains (Losses)	676,651	440,766	(157,494)	1,482,103
Net Increase (Decrease) in Net Assets Resulting from Operations	15,539,291	3,928,779	26,643,663	5,215,271
Management Fees (Member)
Expenses
Management fees waived	0	(481,257)	0	(546,448)
Incentive Fees (Member)
Expenses
Management fees waived	0	(442,889)	0	(489,804)
Income Based Incentive Fees (Member)
Expenses
Income based incentive fees	2,108,026	442,889	3,785,319	489,804
Capital Gains Incentive Fees [Member]
Expenses
Income based incentive fees	122,376	55,095	18,474	185,262
Class S [Member]
Expenses
Distribution and shareholder servicing fees	56	0	78	0
Class D [Member]
Expenses
Distribution and shareholder servicing fees	7	0	13	0
Non-Controlled / Non-Affiliate Investments
Investment Income
Interest income	24,827,760	4,464,086	43,688,893	5,003,838
Dividend income	197,233	0	439,724	0
Other income	253,696	0	363,580	0
Net Realized and Unrealized Gains (Losses)
Realized gain (loss) on non-controlled / non-affiliate investments	(1,027,112)	0	(1,027,779)	0
Net change in unrealized appreciation (depreciation)	1,674,840	351,901	472,090	1,393,238
Non-Controlled / Affiliate Investments
Investment Income
Dividend income	615,540	211,928	1,211,130	211,928
Net Realized and Unrealized Gains (Losses)
Net change in unrealized appreciation (depreciation)	$ (178,332)	$ 88,865	$ (149,760)	$ 88,865

XML

Statement of Operations (Parenthetical) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Increase In Deferred Taxes	$ 298,615	$ 0

XML

Consolidated Statement of Changes in Net Assets - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operations:
Net investment income	$ 14,862,640	$ 3,488,013	$ 26,801,157	$ 3,733,168
Net realized gain (loss)	(453,320)	0	(453,987)	0
Net change in unrealized appreciation (depreciation)	1,129,971	440,766	296,493	1,482,103
Net increase (decrease) in net assets resulting from operations	15,539,291	3,928,779	26,643,663	5,215,271
Distributions to common shareholders:
Distributions to shareholders from net investment income	(14,137,996)	(3,724,328)	(25,938,005)	(3,724,328)
Share transactions:
Distribution reinvested, value			14,070,393	1,126,903
Net increase (decrease) from share transactions	89,511,847		180,024,805
Total increase (decrease) in net assets	90,913,142	88,075,927	180,730,463	191,469,727
Net assets, beginning of period	495,604,649	103,395,800	405,787,328	2,000
Net assets, end of period	586,517,791	191,471,727	586,517,791	191,471,727
Class I
Distributions to common shareholders:
Distributions to shareholders from net investment income	(14,137,117)	(3,724,328)	(25,936,631)	(3,724,328)
Share transactions:
Proceeds from shares sold	88,659,304	86,794,592	173,401,943	188,901,900
Distribution reinvested, value	7,722,148	1,126,903	14,069,401	1,126,903
Repurchased shares, net of early repurchase deduction	(6,918,357)	(50,019)	(7,495,781)	(50,019)
Net increase (decrease) from share transactions	89,463,095	87,871,476	179,975,563	189,978,784
Class S
Distributions to common shareholders:
Distributions to shareholders from net investment income	(617)	0	(857)	0
Share transactions:
Proceeds from shares sold	48,250	0	48,250	0
Distribution reinvested, value	243	0	480	0
Repurchased shares, net of early repurchase deduction	0	0	0	0
Net increase (decrease) from share transactions	48,493	0	48,730	0
Class D
Distributions to common shareholders:
Distributions to shareholders from net investment income	(262)	0	(517)	0
Share transactions:
Proceeds from shares sold	0	0	0	0
Distribution reinvested, value	259	0	512	0
Repurchased shares, net of early repurchase deduction	0	0	0	0
Net increase (decrease) from share transactions	$ 259	$ 0	$ 512	$ 0

XML

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash Flows from Operating Activities:
Net increase (decrease) in net assets resulting from operations	$ 15,539,291	$ 3,928,779	$ 26,643,663	$ 5,215,271
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Payments for purchases of investments			(518,909,504)	(195,589,448)
Proceeds from sales of investments and principal repayments			118,997,082	198,832
Realized (gain) loss on investments			1,027,779	0
Realized (gain) loss on foreign currency transactions	(573,792)	0	(573,792)	0
Net proceeds (payments) from sales (purchases) of short term securities			15,208,974	(1,638,582)
Net change in unrealized (appreciation) depreciation on investments			(620,945)	(1,482,103)
Net change in unrealized (appreciation) depreciation on foreign currency translation			25,837	0
Net accretion of discount and amortization of premium			(1,277,144)	(195,592)
Amortization of deferred financing costs	305,908	231,528	551,839	268,871
Amortization of deferred offering costs			291,680	359,407
Changes in operating assets and liabilities
(Increase) decrease in receivables from sales and paydowns of investments			(1,478,491)	(217,922)
(Increase) decrease in interest receivable			(5,763,010)	(2,415,253)
(Increase) decrease in dividend receivable			(12,065)	(85,790)
(Increase) decrease in due from affiliates, net			561,250	(1,371,853)
(Increase) decrease in prepaid expenses			20,453	0
Increase (decrease) in payable for purchases of securities			(16,476,014)	7,195,283
Increase (decrease) in payable for capital shares repurchased			0	50,019
Increase (decrease) in distribution payable			0	1,550,697
Increase (decrease) in interest payable			1,254,270	6,706
Increase (decrease) in shareholder servicing fee payable			(9)	0
Increase (decrease) in accrued board of trustees' fees			0	16,525
Increase (decrease) in excise tax payable			(66,312)	0
Increase (decrease) in due to affiliates, net			360,535	808,517
Increase (decrease) in management fees payable			1,198,148	0
Increase (decrease) in other accounts payable and accrued liabilities			402,600	413,888
Net Cash Provided by (Used in) Operating Activities			(376,506,676)	(186,727,265)
Cash Flows from Financing Activities:
Payments of financing costs			(3,639,878)	(4,230,565)
Offering costs paid and deferred			0	(8,001)
Proceeds from issuance of common shares			173,450,193	188,901,900
Repurchased shares, net of early repurchase deduction paid			(602,475)	(50,019)
Capital distributions			(10,255,322)	(2,597,425)
Proceeds from borrowings			300,000,000	22,000,000
Repayment of borrowings			(40,294,309)	(17,000,000)
Net Cash Provided by (Used in) Financing Activities			418,658,209	187,015,890
Net change in cash			42,151,533	288,625
Effect of foreign currency exchange rates changes on cash			(6,195)	0
Cash as of the beginning of the period			1,436,609	2,000	$ 2,000
Cash as of the end of the period	$ 43,581,947	$ 290,625	43,581,947	290,625	$ 1,436,609
Supplemental information and non-cash financing activities
Non-cash distributions			14,070,393	1,126,903
Reinvestment of distributions			(14,070,393)	(1,126,903)
Cash paid for excise taxes			66,312	0
Cash paid for interest expense			8,258,495	722,659
Income Based Incentive Fees (Member)
Changes in operating assets and liabilities
Increase (decrease) incentive fee payable			2,108,026	0
Capital Gains Incentive Fees [Member]
Changes in operating assets and liabilities
Increase (decrease) incentive fee payable			$ 18,474	$ 185,262

XML

Consolidated Schedule of Investments - USD ($)		Jun. 30, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Investments, Interest Rate				5.23%
Investments, Fair Value		$ 917,040,383		$ 531,466,625
Fair Value as % of Net Assets		156.40%		130.90%
Investment, Identifier [Axis]: Investment Portfolio
Schedule of Investments [Line Items]
Investments, Cost		$ 909,474,004
Investments, Fair Value		$ 917,040,383
Fair Value as % of Net Assets		156.41%
Investment, Identifier [Axis]: Investments Investments - non-controlled / affiliate
Schedule of Investments [Line Items]
Investments, Cost		$ 25,613,606	[1],[2]	$ 24,436,874	[3]
Investments, Fair Value		$ 25,822,455	[1],[4]	$ 24,795,483	[5]
Fair Value as % of Net Assets		4.40%	[1]	6.11%
Investment, Identifier [Axis]: Investments Investments - non-controlled / affiliate Fixed Income Mutual Funds
Schedule of Investments [Line Items]
Investments, Cost		$ 25,613,606	[1],[2]	$ 24,436,874	[3]
Investments, Fair Value		$ 25,822,455	[1],[4]	$ 24,795,483	[5]
Fair Value as % of Net Assets		4.40%	[1]	6.11%
Investment, Identifier [Axis]: Investments Investments - non-controlled / affiliate Fixed Income Mutual Funds Mutual Funds
Schedule of Investments [Line Items]
Investments, Cost		$ 25,613,606	[1],[2]	$ 24,436,874	[3]
Investments, Fair Value		$ 25,822,455	[1],[4]	$ 24,795,483	[5]
Fair Value as % of Net Assets		4.40%	[1]	6.11%
Investment, Identifier [Axis]: Investments Investments - non-controlled / affiliate Fixed Income Mutual Funds Mutual Funds Fidelity Floating Rate Central Fund Mutual Fund
Schedule of Investments [Line Items]
Investments, Par Amount		$ 263,575	[1],[6],[7],[8],[9],[10]	$ 251,629	[11],[12],[13],[14],[15]
Investments, Cost		25,613,606	[1],[2],[6],[7],[8],[10]	24,436,874	[3],[11],[12],[13],[15]
Investments, Fair Value		25,822,455	[1],[4],[6],[7],[8],[10]	24,795,483	[5],[11],[12],[13],[15]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate
Schedule of Investments [Line Items]
Investments, Cost		883,860,398	[1],[2]	500,084,317	[3]
Investments, Fair Value		$ 891,217,928	[1],[4]	$ 506,671,142	[5]
Fair Value as % of Net Assets		152.01%	[1]	124.87%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity
Schedule of Investments [Line Items]
Investments, Cost		$ 4,239,476	[1],[2]	$ 2,002,315	[3]
Investments, Fair Value		$ 4,701,979	[1],[4]	$ 2,240,826	[5]
Fair Value as % of Net Assets		0.80%	[1]	0.57%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Diversified Support Services
Schedule of Investments [Line Items]
Investments, Cost		$ 220,070	[1],[2]	$ 220,070	[3]
Investments, Fair Value		$ 759,023	[1],[4]	$ 439,040	[5]
Fair Value as % of Net Assets		0.13%	[1]	0.11%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Diversified Support Services Air Control Concepts Holdings, L.P Class A-1 Units
Schedule of Investments [Line Items]
Investments, Par Amount		$ 22,007	[1],[8],[9],[16]	$ 22,007	[13],[14],[17]
Investments, Cost		220,070	[1],[2],[8],[16]	220,070	[3],[13],[17]
Investments, Fair Value		759,023	[1],[4],[8],[16]	439,040	[5],[13],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Food Distributors
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	201,269
Investments, Fair Value	[1],[4]	$ 201,270
Fair Value as % of Net Assets	[1]	0.03%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Food Distributors MFI Group Holdings, LLC Class A Units
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[9],[16]	$ 201
Investments, Cost	[1],[2],[16]	201,269
Investments, Fair Value	[1],[4],[16]	201,270
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Health Care Services
Schedule of Investments [Line Items]
Investments, Cost		562,500
Investments, Fair Value		$ 491,400
Fair Value as % of Net Assets		0.08%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Health Care Services Tiger Healthcare Holdings, LLC Class A Interest
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[7],[9],[16]	$ 438,750
Investments, Cost	[1],[2],[7],[16]	562,500
Investments, Fair Value	[1],[7],[16]	491,400
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Human Resource & Employment Services
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	200,002
Investments, Fair Value	[1],[4]	$ 124,002
Fair Value as % of Net Assets	[1]	0.02%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Human Resource & Employment Services FCA Partners LLC Common Units
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[8],[9],[16]	$ 200,000
Investments, Cost	[1],[2],[8],[16]	2
Investments, Fair Value	[1],[4],[8],[16]	2
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Human Resource & Employment Services FCA Partners LLC One Class A Preferred Units
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[8],[9],[16]	200,000
Investments, Cost	[1],[2],[8],[16]	200,000
Investments, Fair Value	[1],[4],[8],[16]	124,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Industrial Machinery & Supplies & Components
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	906,752
Investments, Fair Value	[1],[4]	$ 950,291
Fair Value as % of Net Assets	[1]	0.16%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Industrial Machinery & Supplies & Components Endurance PT Technology Holdings LLC Common Units
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[7],[9],[16]	$ 464
Investments, Cost	[1],[2],[7],[16]	46,374
Investments, Fair Value	[1],[4],[7],[16]	80,210
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Industrial Machinery & Supplies & Components Endurance PT Technology Holdings LLC One Preferred Units
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[7],[9],[16]	417
Investments, Cost	[1],[2],[7],[16]	417,367
Investments, Fair Value	[1],[4],[7],[16]	427,070
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Industrial Machinery & Supplies & Components MoboTrex Ultimate Holdings, LLC Class A-2 Units
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[9],[16]	443,011
Investments, Cost	[1],[2],[16]	443,011
Investments, Fair Value	[1],[4],[16]	443,011
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Life Sciences Tools & Services
Schedule of Investments [Line Items]
Investments, Cost		588,357	[1],[2]	588,357	[3]
Investments, Fair Value		$ 587,838	[1],[4]	$ 593,716	[5]
Fair Value as % of Net Assets		0.10%	[1]	0.15%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Life Sciences Tools & Services WCI-BXC Investment Holdings LP Equity Interest
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[7],[8],[9],[16]	$ 587,838
Investments, Cost		588,357	[1],[2],[7],[8],[16]	$ 588,357	[3],[12],[13],[17]
Investments, Fair Value		587,838	[1],[4],[7],[8],[16]	593,716	[5],[12],[13],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Life Specialized Consumer Services COP Foundations Investment, LLC Class A Units
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[7],[9],[16]	366,638
Investments, Cost	[1],[2],[7],[16]	366,638
Investments, Fair Value	[1],[4],[7],[16]	381,304
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Packaged Foods & Meats
Schedule of Investments [Line Items]
Investments, Cost		427,914	[1],[2]	427,914	[3]
Investments, Fair Value		$ 443,680	[1],[4]	$ 435,635	[5]
Fair Value as % of Net Assets		0.08%	[1]	0.11%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Packaged Foods & Meats CCI Prime Holdings, LLC Series A Preferred Units
Schedule of Investments [Line Items]
Investments, Par Amount		$ 428	[1],[9],[16]	$ 428	[14]
Investments, Cost		427,914	[1],[2],[16]	427,914	[3]
Investments, Fair Value		443,680	[1],[4],[16]	435,635	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Specialized Consumer Services
Schedule of Investments [Line Items]
Investments, Cost		1,132,612	[1],[2]	765,974	[3]
Investments, Fair Value		$ 1,144,475	[1],[4]	$ 772,435	[5]
Fair Value as % of Net Assets		0.20%	[1]	0.20%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Specialized Consumer Services Door Pro Holdings LLC Equity Interest
Schedule of Investments [Line Items]
Investments, Par Amount	[1],[7],[9],[16]	$ 340
Investments, Cost		339,744	[1],[2],[7],[16]	$ 339,744	[3],[12]
Investments, Fair Value		183,499	[1],[4],[7],[16]	346,205	[5],[12]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Specialized Consumer Services Quick Roofing Acquisition, LLC Class A Interest
Schedule of Investments [Line Items]
Investments, Par Amount		426,230	[1],[7],[9],[16]	426,230	[12],[13],[14],[17]
Investments, Cost		426,230	[1],[2],[7],[16]	426,230	[3],[12],[13],[17]
Investments, Fair Value		579,672	[1],[4],[7],[16]	426,230	[5],[12],[13],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt
Schedule of Investments [Line Items]
Investments, Cost				482,753,585
Investments, Fair Value				$ 489,101,899
Fair Value as % of Net Assets				120.52%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	869,879,837
Investments, Fair Value	[1],[4]	$ 877,159,756
Fair Value as % of Net Assets	[1]	149.62%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Advertising
Schedule of Investments [Line Items]
Investments, Cost		$ 8,252,302	[1],[2]	$ 8,274,513	[3]
Investments, Fair Value		$ 8,461,729	[1],[4]	$ 8,335,473	[5]
Fair Value as % of Net Assets		1.44%	[1]	2.05%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Advertising MMGY Global LLC Revolving Credit Facility Maturity Date 4/25/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Apr. 25, 2029	[1],[7],[18],[19]	Apr. 25, 2029	[12],[20],[21]
Investments, Cost		$ (40,421)	[1],[2],[7],[18],[19]	$ (44,507)	[3],[12],[20],[21]
Investments, Fair Value	[5],[12],[20],[21]			$ (32,709)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Advertising MMGY Global LLC Term Loan SOFR+5.75% Interest Rate 11.23% Maturity Date 4/25/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.75%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.23%
Investments, Maturity Date	[1],[7],[19],[22]	Apr. 25, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 8,461,729
Investments, Cost	[1],[2],[7],[19],[22]	8,292,723
Investments, Fair Value	[1],[4],[7],[19],[22]	8,461,729
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Advertising MMGY Global LLC Term Loan SOFR+6.00% Interest Rate 11.50% Maturity Date 4/25/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.00%
Investments, Interest Rate	[12],[21]			11.50%
Investments, Maturity Date	[12],[21]			Apr. 25, 2029
Investments, Par Amount	[12],[14],[21]			$ 8,504,250
Investments, Cost	[3],[12],[21]			8,319,020
Investments, Fair Value	[5],[12],[21]			8,368,182
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense
Schedule of Investments [Line Items]
Investments, Cost		23,452,436	[1],[2]	8,542,684	[3]
Investments, Fair Value		$ 23,790,784	[1],[4]	$ 8,760,151	[5]
Fair Value as % of Net Assets		4.06%	[1]	2.16%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. One Term Loan SOFR+5.00% Interest Rate 10.44% Maturity Date 5/3/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	5.00%
Investments, Interest Rate	[1],[7],[19],[23]	10.44%
Investments, Maturity Date	[1],[7],[19]	May 03, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 1,331,246
Investments, Cost	[1],[2],[7],[19]	1,306,636
Investments, Fair Value	[1],[4],[7],[19]	$ 1,323,258
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Revolving Credit Facility SOFR+5.00% Interest Rate 10.42% Maturity Date 5/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.00%
Investments, Interest Rate	[1],[7],[18],[19],[23]	10.42%
Investments, Maturity Date	[1],[7],[18],[19]	May 03, 2028
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 764,942
Investments, Cost	[1],[2],[7],[18],[19]	734,219
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 754,351
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Revolving Credit Facility SOFR+6.75% Interest Rate 12.26% Maturity Date 5/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[20],[21]			6.75%
Investments, Interest Rate	[12],[20],[21]			12.26%
Investments, Maturity Date	[12],[20],[21]			May 03, 2028
Investments, Par Amount	[12],[14],[20],[21]			$ 266,667
Investments, Cost	[3],[12],[20],[21]			240,521
Investments, Fair Value	[5],[12],[20],[21]			$ 265,667
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Term Loan SOFR+5.00% Interest Rate 10.44% Maturity Date 5/3/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	5.00%
Investments, Interest Rate	[1],[7],[19],[23]	10.44%
Investments, Maturity Date	[1],[7],[19]	May 03, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 7,154,455
Investments, Cost	[1],[2],[7],[19]	6,971,370
Investments, Fair Value	[1],[4],[7],[19]	$ 7,111,528
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Term Loan SOFR+6.00% Interest Rate 11.47% Maturity Date 5/3/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.00%
Investments, Interest Rate	[12],[21]			11.47%
Investments, Maturity Date	[12],[21]			May 03, 2029
Investments, Par Amount	[12],[14],[21]			$ 1,337,935
Investments, Cost	[3],[12],[21]			1,311,229
Investments, Fair Value	[5],[12],[21]			$ 1,311,177
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Term Loan SOFR+6.75% Interest Rate 12.24% Maturity Date 5/3/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.75%
Investments, Interest Rate	[12],[21]			12.24%
Investments, Maturity Date	[12],[21]			May 03, 2029
Investments, Par Amount	[12],[14],[21]			$ 7,190,498
Investments, Cost	[3],[12],[21]			6,990,934
Investments, Fair Value	[5],[12],[21]			7,183,307
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Neptune Platform Buyer, LLC Delayed Draw Term Loan Maturity Date 1/20/2031
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[24]	Jan. 20, 2031
Investments, Cost	[1],[2],[7],[18],[24]	$ (30,224)
Investments, Fair Value	[1],[4],[7],[18],[24]	$ (17,143)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Neptune Platform Buyer, LLC Term Loan SOFR+5.25% Interest Rate 10.58% Maturity Date 1/20/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[22],[23],[24]	5.25%
Investments, Interest Rate	[1],[7],[22],[23],[24]	10.58%
Investments, Maturity Date	[1],[7],[22],[24]	Jan. 20, 2031
Investments, Par Amount	[1],[7],[9],[22],[24]	$ 14,677,500
Investments, Cost	[1],[2],[7],[22],[24]	14,470,435
Investments, Fair Value	[1],[4],[7],[22],[24]	14,618,790
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics
Schedule of Investments [Line Items]
Investments, Cost		14,741,142	[1],[2]	14,768,121	[3]
Investments, Fair Value		$ 13,060,469	[1],[4]	$ 14,669,600	[5]
Fair Value as % of Net Assets		2.23%	[1]	3.61%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics R1 Holdings Merger Sub, LLC Term Loan SOFR+6.25% Interest Rate 11.59% Maturity Date 12/29/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.25%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.59%
Investments, Maturity Date	[1],[7],[19],[22]	Dec. 29, 2028
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 5,339,247
Investments, Cost	[1],[2],[7],[19],[22]	5,170,150
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 5,328,569
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics R1 Holdings Merger Sub, LLC Term Loan SOFR+6.25% Interest Rate 11.72% Maturity Date 12/29/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.25%
Investments, Interest Rate	[12],[21]			11.72%
Investments, Maturity Date	[12],[21]			Dec. 29, 2028
Investments, Par Amount	[12],[14],[21]			$ 5,366,350
Investments, Cost	[3],[12],[21]			5,181,771
Investments, Fair Value	[5],[12],[21]			$ 5,366,350
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics STG Logistics Inc Term Loan SOFR+6.00% Interest Rate 11.48% Maturity Date 3/24/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.00%
Investments, Interest Rate	[1],[7],[19],[23]	11.48%
Investments, Maturity Date	[1],[7],[19]	Mar. 24, 2028
Investments, Par Amount	[1],[7],[9],[19]	$ 9,900,000
Investments, Cost	[1],[2],[7],[19]	9,570,992
Investments, Fair Value	[1],[4],[7],[19]	7,731,900
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics STG Logistics Inc Term Loan SOFR+6.00% Interest Rate 11.50% Maturity Date 3/24/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			6.00%
Investments, Interest Rate	[12],[25]			11.50%
Investments, Maturity Date	[12],[25]			Mar. 24, 2028
Investments, Par Amount	[12],[14],[25]			$ 9,950,000
Investments, Cost	[3],[12],[25]			9,586,350
Investments, Fair Value	[5],[12],[25]			9,303,250
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software
Schedule of Investments [Line Items]
Investments, Cost		131,221,417	[1],[2]	101,849,045	[3]
Investments, Fair Value		$ 133,676,108	[1],[4]	$ 103,135,387	[5]
Fair Value as % of Net Assets		22.78%	[1]	25.42%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Delayed Draw Term Loan Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[12],[20],[21]			Oct. 02, 2029
Investments, Cost	[3],[12],[20],[21]			$ (123,144)
Investments, Fair Value	[5],[12],[20],[21]			$ (121,063)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Delayed Draw Term Loan SOFR+5.25% Interest Rate 10.58% Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.25%
Investments, Interest Rate	[1],[7],[18],[19],[23]	10.58%
Investments, Maturity Date	[1],[7],[18],[19]	Oct. 02, 2029
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 3,811,917
Investments, Cost	[1],[2],[7],[18],[19]	3,653,212
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 3,811,917
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Revolving Credit Facility Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[12],[20],[21]			Oct. 02, 2029
Investments, Cost	[3],[12],[20],[21]			$ (26,408)
Investments, Fair Value	[5],[12],[20],[21]			$ (13,000)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Revolving Credit Facility SOFR+5.25% Interest Rate 10.57% Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.25%
Investments, Interest Rate	[1],[7],[18],[19],[23]	10.57%
Investments, Maturity Date	[1],[7],[18],[19]	Oct. 02, 2029
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 122,500
Investments, Cost	[1],[2],[7],[18],[19]	98,341
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 122,500
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Term Loan SOFR+5.25% Interest Rate 10.55% Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.25%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.55%
Investments, Maturity Date	[1],[7],[19],[22]	Oct. 02, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 17,101,563
Investments, Cost	[1],[2],[7],[19],[22]	16,674,584
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 17,101,563
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Term Loan SOFR+6.25% Interest Rate 11.64% Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.25%
Investments, Interest Rate	[12],[21]			11.64%
Investments, Maturity Date	[12],[21]			Oct. 02, 2029
Investments, Par Amount	[12],[14],[21]			$ 17,187,500
Investments, Cost	[3],[12],[21]			16,724,267
Investments, Fair Value	[5],[12],[21]			$ 16,964,063
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Falcon Buyer, Inc. Revolving Credit Facility Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Aug. 01, 2029	[1],[7],[18],[19]	Aug. 01, 2029	[12],[20],[21]
Investments, Cost		$ (25,542)	[1],[2],[7],[18],[19]	$ (27,997)	[3],[12],[20],[21]
Investments, Fair Value	[5],[12],[20],[21]			$ (14,000)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Falcon Buyer, Inc. Term Loan SOFR+5.50% Interest Rate 10.80% Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.50%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.80%
Investments, Maturity Date	[1],[7],[19],[22]	Aug. 01, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 21,117,437
Investments, Cost	[1],[2],[7],[19],[22]	20,549,401
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 21,117,437
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Falcon Buyer, Inc. Term Loan SOFR+6.50% Interest Rate 11.85% Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.50%
Investments, Interest Rate	[12],[21]			11.85%
Investments, Maturity Date	[12],[21]			Aug. 01, 2029
Investments, Par Amount	[12],[14],[21]			$ 21,223,555
Investments, Cost	[3],[12],[21]			20,606,943
Investments, Fair Value	[5],[12],[21]			$ 20,926,425
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Applied Sys Inc Term Loan SOFR+3.50% Interest Rate 8.83% Maturity Date 2/24/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	3.50%
Investments, Interest Rate	[1],[7],[10],[23]	8.83%
Investments, Maturity Date	[1],[7],[10]	Feb. 24, 2031
Investments, Par Amount	[1],[7],[9],[10]	$ 7,481,156
Investments, Cost	[1],[2],[7],[10]	7,489,252
Investments, Fair Value	[1],[4],[7],[10]	$ 7,560,233
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Applied Sys Inc Term Loan SOFR+4.50% Interest Rate 9.85% Maturity Date 9/19/2026
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[15],[26]			4.50%
Investments, Interest Rate	[12],[13],[15],[26]			9.85%
Investments, Maturity Date	[12],[13],[15],[26]			Sep. 19, 2026
Investments, Par Amount	[12],[13],[14],[15],[26]			$ 7,481,156
Investments, Cost	[3],[12],[13],[15],[26]			7,525,207
Investments, Fair Value	[5],[12],[13],[15],[26]			$ 7,507,490
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Aptean, Inc Delayed Draw Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 1/30/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[23],[24]	5.25%
Investments, Interest Rate	[1],[7],[18],[23],[24]	10.59%
Investments, Maturity Date	[1],[7],[18],[24]	Jan. 30, 2031
Investments, Par Amount	[1],[7],[9],[18],[24]	$ 69,068
Investments, Cost	[1],[2],[7],[18],[24]	62,072
Investments, Fair Value	[1],[4],[7],[18],[24]	$ 69,068
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Aptean, Inc Revolving Credit Facility Maturity Date 1/30/2031
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[24]	Jan. 30, 2031
Investments, Cost	[1],[2],[7],[18],[24]	$ (6,847)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Aptean, Inc. Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 1/30/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[22],[24]	5.25%
Investments, Interest Rate	[1],[7],[22],[24]	10.59%
Investments, Maturity Date	[1],[7],[22],[24]	Jan. 30, 2031
Investments, Par Amount	[1],[7],[9],[22],[24]	$ 7,852,600
Investments, Cost	[1],[2],[7],[22],[24]	7,778,767
Investments, Fair Value	[1],[4],[7],[22],[24]	$ 7,852,600
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. Term Loan Interest SOFR+6.75% Interest Rate 12.08% Maturity Date 12/9/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.75%
Investments, Interest Rate	[1],[7],[19],[23]	12.08%
Investments, Maturity Date	[1],[7],[19]	Dec. 09, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 27,203,390
Investments, Cost	[1],[2],[7],[19]	26,690,455
Investments, Fair Value	[1],[4],[7],[19]	$ 27,067,373
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. Term Loan SOFR+6.75% Interest Rate 12.11% Maturity Date 12/9/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.75%
Investments, Interest Rate	[12],[21]			12.11%
Investments, Maturity Date	[12],[21]			Dec. 09, 2029
Investments, Par Amount	[12],[14],[21]			$ 27,203,390
Investments, Cost	[3],[12],[21]			26,660,737
Investments, Fair Value	[5],[12],[21]			$ 26,713,729
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. Term Loan SOFR+7.25% Interest Rate 12.58% Maturity Date 12/9/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	7.25%
Investments, Interest Rate	[1],[7],[19],[23]	12.58%
Investments, Maturity Date	[1],[7],[19]	Dec. 09, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 5,138,234
Investments, Cost	[1],[2],[7],[19]	4,951,345
Investments, Fair Value	[1],[4],[7],[19]	$ 5,112,543
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. Term Loan SOFR+7.25% Interest Rate 12.61% Maturity Date 12/9/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			7.25%
Investments, Interest Rate	[12],[21]			12.61%
Investments, Maturity Date	[12],[21]			Dec. 09, 2029
Investments, Par Amount	[12],[14],[21]			$ 5,138,234
Investments, Cost	[3],[12],[21]			4,939,299
Investments, Fair Value	[5],[12],[21]			$ 5,138,234
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software DH Corporation/Société DH Pro Buyer, LLC Term Loan SOFR+7.25% Interest Rate 12.46% Maturity Date 9/13/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[19],[23]	7.25%
Investments, Interest Rate	[1],[7],[8],[19],[23]	12.46%
Investments, Maturity Date	[1],[7],[8],[19]	Sep. 13, 2029
Investments, Par Amount	[1],[7],[8],[9],[19]	$ 253,844
Investments, Cost	[1],[2],[7],[8],[19]	249,273
Investments, Fair Value	[1],[4],[7],[8],[19]	$ 253,844
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software DH Corporation/Société DH Term Loan SOFR+7.25% Interest Rate 12.71% Maturity Date 9/13/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[21]			7.25%
Investments, Interest Rate	[12],[13],[21]			12.71%
Investments, Maturity Date	[12],[13],[21]			Sep. 13, 2029
Investments, Par Amount	[12],[13],[14],[21]			$ 254,481
Investments, Cost	[3],[12],[13],[21]			249,568
Investments, Fair Value	[5],[12],[13],[21]			$ 252,445
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Dcert Buyer Inc Term Loan SOFR+4.00% Interest Rate 9.34% Maturity Date 10/16/2026
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	4.00%
Investments, Interest Rate	[1],[7],[10],[23]	9.34%
Investments, Maturity Date	[1],[7],[10]	Oct. 16, 2026
Investments, Par Amount	[1],[7],[9],[10]	$ 4,974,026
Investments, Cost	[1],[2],[7],[10]	4,964,382
Investments, Fair Value	[1],[4],[7],[10]	$ 4,842,413
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Finastra USA Inc Term Loan SOFR+7.25% Interest Rate 12.71% Maturity Date 9/13/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[21]			7.25%
Investments, Interest Rate	[12],[13],[21]			12.71%
Investments, Maturity Date	[12],[13],[21]			Sep. 13, 2029
Investments, Par Amount	[12],[13],[14],[21]			$ 10,896,399
Investments, Cost	[3],[12],[13],[21]			10,686,030
Investments, Fair Value	[5],[12],[13],[21]			$ 10,809,228
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Finastra Usa Inc Term Loan SOFR+7.25% Interest Rate 12.46% Maturity Date 9/13/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[19],[23]	7.25%
Investments, Interest Rate	[1],[7],[8],[19],[23]	12.46%
Investments, Maturity Date	[1],[7],[8],[19]	Sep. 13, 2029
Investments, Par Amount	[1],[7],[8],[9],[19]	$ 10,869,158
Investments, Cost	[1],[2],[7],[8],[19]	10,673,402
Investments, Fair Value	[1],[4],[7],[8],[19]	$ 10,869,158
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software MH Sub I LLC Term Loan SOFR+4.25% Interest Rate 9.59% Maturity Date 5/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	4.25%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	9.59%
Investments, Maturity Date	[1],[7],[8],[10],[27]	May 03, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,974,874
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,936,704
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	$ 4,979,108
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Modena Buyer LLC Term Loan SOFR+4.50% Interest Rate 9.83% Maturity Date 7/1/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23]	4.50%
Investments, Interest Rate	[1],[7],[8],[10],[23]	9.83%
Investments, Maturity Date	[1],[7],[8],[10]	Jul. 01, 2031
Investments, Par Amount	[1],[7],[8],[9],[10]	$ 2,945,625
Investments, Cost	[1],[2],[7],[8],[10]	2,945,625
Investments, Fair Value	[1],[4],[7],[8],[10]	$ 2,899,576
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Polaris Newco LLC Term Loan SOFR+4.00% Interest Rate 9.59% Maturity Date 6/2/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	4.00%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	9.59%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Jun. 02, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,974,425
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,887,805
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	$ 4,969,599
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Prism Parent Co Inc. Term Loan SOFR+5.00% Interest Rate 10.34% Maturity Date 9/16/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[23],[24]	5.00%
Investments, Interest Rate	[1],[7],[23],[24]	10.34%
Investments, Maturity Date	[1],[7],[24]	Sep. 16, 2028
Investments, Par Amount	[1],[7],[9],[24]	$ 5,107,176
Investments, Cost	[1],[2],[7],[24]	4,956,081
Investments, Fair Value	[1],[4],[7],[24]	$ 5,107,176
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Prism Parent Co Inc. Term Loan SOFR+5.75% Interest Rate 11.11% Maturity Date 9/16/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			5.75%
Investments, Interest Rate	[12],[25]			11.11%
Investments, Maturity Date	[12],[25]			Sep. 16, 2028
Investments, Par Amount	[12],[14],[25]			$ 5,133,167
Investments, Cost	[3],[12],[25]			4,967,252
Investments, Fair Value	[5],[12],[25]			$ 5,081,836
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software User Zoom Technologies, Inc Term Loan SOFR+7.50% Interest Rate 12.81% Maturity Date 4/5/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	7.50%
Investments, Interest Rate	[1],[7],[19],[23]	12.81%
Investments, Maturity Date	[1],[7],[19]	Apr. 05, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 10,000,000
Investments, Cost	[1],[2],[7],[19]	9,693,105
Investments, Fair Value	[1],[4],[7],[19]	9,940,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software User Zoom Technologies, Inc Term Loan SOFR+7.50% Interest Rate 12.99% Maturity Date 4/5/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			7.50%
Investments, Interest Rate	[12],[21]			12.99%
Investments, Maturity Date	[12],[21]			Apr. 05, 2029
Investments, Par Amount	[12],[14],[21]			$ 10,000,000
Investments, Cost	[3],[12],[21]			9,667,291
Investments, Fair Value	[5],[12],[21]			9,890,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Asset Management & Custody Banks
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	1,182,059
Investments, Fair Value	[1],[4]	$ 1,182,059
Fair Value as % of Net Assets	[1]	0.20%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Asset Management & Custody Banks GTCR Everest Borrower LLC Term Loan SOFR+3.00% Interest Rate 8.34% Maturity Date 6/3/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	3.00%
Investments, Interest Rate	[1],[7],[10],[23]	8.34%
Investments, Maturity Date	[1],[7],[10]	Jun. 03, 2031
Investments, Par Amount	[1],[7],[9],[10]	$ 1,182,059
Investments, Cost	[1],[2],[7],[10]	1,182,059
Investments, Fair Value	[1],[4],[7],[10]	1,182,059
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment
Schedule of Investments [Line Items]
Investments, Cost		19,365,659	[1],[2]	19,401,019	[3]
Investments, Fair Value		$ 19,059,625	[1],[4]	$ 19,534,163	[5]
Fair Value as % of Net Assets		3.25%	[1]	4.82%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment American Trailer Rental Group, LLC One Term Loan SOFR+5.75% Interest Rate 11.23% Maturity Date 6/1/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[19],[23]	5.75%
Investments, Interest Rate	[1],[19],[23]	11.23%
Investments, Maturity Date	[1],[19]	Jun. 01, 2027
Investments, Par Amount	[1],[9],[19]	$ 4,962,500
Investments, Cost	[1],[2],[19]	4,861,263
Investments, Fair Value	[1],[4],[19]	$ 4,773,925
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment American Trailer Rental Group, LLC Term Loan SOFR+5.75% Interest Rate 11.23% Maturity Date 6/1/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	5.75%
Investments, Interest Rate	[1],[7],[19],[23]	11.23%
Investments, Maturity Date	[1],[7],[19]	Jun. 01, 2027
Investments, Par Amount	[1],[7],[9],[19]	$ 14,850,000
Investments, Cost	[1],[2],[7],[19]	14,504,396
Investments, Fair Value	[1],[4],[7],[19]	$ 14,285,700
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment American Trailer Rental Group, LLC Term Loan SOFR+5.75% Interest Rate 11.25% Maturity Date 6/1/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			5.75%
Investments, Interest Rate	[12],[21]			11.25%
Investments, Maturity Date	[12],[21]			Jun. 01, 2027
Investments, Par Amount	[12],[14],[21]			$ 14,925,000
Investments, Cost	[3],[12],[21]			14,529,819
Investments, Fair Value	[5],[12],[21]			$ 14,641,425
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment American Trailer Rental Group, LLC Term Loan SOFR+5.75% Interest Rate 11.25% Maturity Date 6/1/2027 One
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			5.75%
Investments, Interest Rate	[12],[21]			11.25%
Investments, Maturity Date	[12],[21]			Jun. 01, 2027
Investments, Par Amount	[12],[14],[21]			$ 4,987,500
Investments, Cost	[3],[12],[21]			4,871,200
Investments, Fair Value	[5],[12],[21]			4,892,738
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products
Schedule of Investments [Line Items]
Investments, Cost	[3]			6,044,231
Investments, Fair Value	[5]			$ 6,194,285
Fair Value as % of Net Assets				1.53%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Copperweld Group, Inc Term Loan SOFR+6.00% Interest Rate 11.60% Maturity Date 3/31/2026
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.00%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.60%
Investments, Maturity Date	[1],[7],[19],[22]	Mar. 31, 2026
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 6,193,577
Investments, Cost	[1],[2],[7],[19],[22]	6,050,590
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 6,131,641
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Copperweld Group, Inc. Term Loan SOFR+6.00% Interest Rate 11.61% Maturity Date 3/31/2026
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.00%
Investments, Interest Rate	[12],[21]			11.61%
Investments, Maturity Date	[12],[21]			Mar. 31, 2026
Investments, Par Amount	[12],[14],[21]			$ 6,225,412
Investments, Cost	[3],[12],[21]			6,044,231
Investments, Fair Value	[5],[12],[21]			6,194,285
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Hunter Douglas Inc Term Loan SOFR+3.50% Interest Rate 8.84% Maturity Date 2/25/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	3.50%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	8.84%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Feb. 25, 2029
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,974,619
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,947,258
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	4,926,664
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Oscar AcquisitionCo, LLC
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	15,969,678
Investments, Fair Value	[1],[4]	$ 16,026,770
Fair Value as % of Net Assets	[1]	2.74%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Oscar AcquisitionCo, LLC Term Loan SOFR+4.25% Interest Rate 9.58% Maturity Date 4/29/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	4.25%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	9.58%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Apr. 29, 2029
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,974,684
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,971,830
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	4,968,465
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals
Schedule of Investments [Line Items]
Investments, Cost		8,465,156	[1],[2]	8,483,098	[3]
Investments, Fair Value		$ 8,622,953	[1],[4]	$ 8,568,747	[5]
Fair Value as % of Net Assets		1.47%	[1]	2.12%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Delayed Draw Term Loan Maturity Date 8/15/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Aug. 15, 2029	[1],[7],[18],[19]	Aug. 15, 2029	[12],[20],[21]
Investments, Cost		$ (70,058)	[1],[2],[7],[18],[19]	$ (76,841)	[3],[12],[20],[21]
Investments, Fair Value		$ (52,222)	[1],[4],[7],[18],[19]	$ (91,388)	[5],[12],[20],[21]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Revolving Credit Facility Maturity Date 8/15//2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Aug. 15, 2029
Investments, Cost	[1],[2],[7],[18],[19]	$ (21,431)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (8,000)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Revolving Credit Facility Maturity Date 8/15/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[12],[20],[21]			Aug. 15, 2029
Investments, Cost	[3],[12],[20],[21]			$ (23,483)
Investments, Fair Value	[5],[12],[20],[21]			$ (14,000)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Term Loan SOFR+5.50% Interest Rate 10.83% Maturity Date 8/15//2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.50%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.83%
Investments, Maturity Date	[1],[7],[19],[22]	Aug. 15, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 8,753,200
Investments, Cost	[1],[2],[7],[19],[22]	8,556,645
Investments, Fair Value	[1],[4],[7],[19],[22]	8,683,175
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 8/15/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			5.75%
Investments, Interest Rate	[12],[21]			11.10%
Investments, Maturity Date	[12],[21]			Aug. 15, 2029
Investments, Par Amount	[12],[14],[21]			$ 8,797,297
Investments, Cost	[3],[12],[21]			8,583,422
Investments, Fair Value	[5],[12],[21]			8,674,135
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Construction Materials
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	304,238
Investments, Fair Value	[1],[4]	$ 305,400
Fair Value as % of Net Assets	[1]	0.05%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Construction Materials White Cap Buyer LLC Term Loan SOFR+3.25% Interest Rate 8.58% Maturity Date 10/19//2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[18],[23]	3.25%
Investments, Interest Rate	[1],[7],[10],[18],[23]	8.58%
Investments, Maturity Date	[1],[7],[10],[18]	Oct. 19, 2029
Investments, Par Amount	[1],[7],[9],[10],[18]	$ 305,000
Investments, Cost	[1],[2],[7],[10],[18]	304,238
Investments, Fair Value	[1],[4],[7],[10],[18]	305,400
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Data Processing & Outsourced Services
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	6,860,960
Investments, Fair Value	[1],[4]	$ 7,127,833
Fair Value as % of Net Assets	[1]	1.22%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Data Processing & Outsourced Services VRC Companies LLC Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 6/29//2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.75%
Investments, Interest Rate	[1],[7],[18],[19],[23]	11.10%
Investments, Maturity Date	[1],[7],[18],[19]	Jun. 29, 2027
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 7,127,833
Investments, Cost	[1],[2],[7],[18],[19]	6,860,960
Investments, Fair Value	[1],[4],[7],[18],[19]	7,127,833
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Chemicals
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	4,825,193
Investments, Fair Value	[1],[4]	$ 4,961,475
Fair Value as % of Net Assets	[1]	0.85%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Chemicals Hexion Holdings Corporation Term Loan SOFR+4.50% Interest Rate 9.98% Maturity Date 3/15/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	4.50%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	9.98%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Mar. 15, 2029
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,974,619
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,825,193
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	4,961,475
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Financial Services
Schedule of Investments [Line Items]
Investments, Cost		4,427,102	[1],[2]	4,800,569	[3]
Investments, Fair Value		$ 4,319,333	[1],[4]	$ 4,729,150	[5]
Fair Value as % of Net Assets		0.74%	[1]	1.17%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Financial Services Clue Opco LLC Term Loan SOFR+4.50% Interest Rate 9.83% Maturity Date 12/19/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23],[24]	4.50%
Investments, Interest Rate	[1],[7],[10],[23],[24]	9.83%
Investments, Maturity Date	[1],[7],[10],[24]	Dec. 19, 2030
Investments, Par Amount	[1],[7],[9],[10],[24]	$ 4,644,444
Investments, Cost	[1],[2],[7],[10],[24]	4,427,102
Investments, Fair Value	[1],[4],[7],[10],[24]	4,319,333
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Financial Services Clue Opco LLC Term Loan SOFR+4.50% Interest Rate 9.86% Maturity Date 12/19/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[15],[25]			4.50%
Investments, Interest Rate	[12],[13],[15],[25]			9.86%
Investments, Maturity Date	[12],[13],[15],[25]			Dec. 19, 2030
Investments, Par Amount	[12],[13],[14],[15],[25]			$ 5,000,000
Investments, Cost	[3],[12],[13],[15],[25]			4,800,569
Investments, Fair Value	[5],[12],[13],[15],[25]			4,729,150
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services
Schedule of Investments [Line Items]
Investments, Cost		60,457,188	[1],[2]	41,539,562	[3]
Investments, Fair Value		$ 61,223,284	[1],[4]	$ 42,210,588	[5]
Fair Value as % of Net Assets		10.44%	[1]	10.39%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Brand Industrial Services Inc Term Loan SOFR+4.50% Interest Rate 9.83% Maturity Date 8/1/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	4.50%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	9.83%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Aug. 01, 2030
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,975,000
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,978,748
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	$ 4,988,831
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Eversmith Brands Intermediate Holding Company Delayed Draw Term Loan Maturity Date 6/17/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Jun. 17, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (23,907)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (24,050)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Eversmith Brands Intermediate Holding Company Revolving Credit Facility Maturity Date 6/17/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Jun. 17, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (13,385)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (13,468)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Eversmith Brands Intermediate Holding Company Term Loan SOFR+5.00% Interest Rate 10.33% Maturity Date 6/17/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.00%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.33%
Investments, Maturity Date	[1],[7],[19],[22]	Jun. 17, 2030
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 4,617,630
Investments, Cost	[1],[2],[7],[19],[22]	4,548,641
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 4,548,365
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates Inc Delayed Draw Term Loan SOFR+5.00% Interest Rate 10.33% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.00%
Investments, Interest Rate	[1],[7],[18],[19],[23]	10.33%
Investments, Maturity Date	[1],[7],[18],[19]	Apr. 11, 2029
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 3,000,044
Investments, Cost	[1],[2],[7],[18],[19]	2,934,648
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 2,935,477
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates Inc Delayed Draw Term Loan SOFR+6.50% Interest Rate 11.86% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[20],[21]			6.50%
Investments, Interest Rate	[12],[20],[21]			11.86%
Investments, Maturity Date	[12],[20],[21]			Apr. 11, 2029
Investments, Par Amount	[12],[14],[20],[21]			$ 3,526,769
Investments, Cost	[3],[12],[20],[21]			3,424,369
Investments, Fair Value	[5],[12],[20],[21]			$ 3,526,769
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates Inc Term Loan SOFR+5.00% Interest Rate 10.33% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	5.00%
Investments, Interest Rate	[1],[7],[19],[23]	10.33%
Investments, Maturity Date	[1],[7],[19]	Apr. 11, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 3,903,317
Investments, Cost	[1],[2],[7],[19]	3,865,843
Investments, Fair Value	[1],[4],[7],[19]	$ 3,879,898
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates Inc Term Loan SOFR+6.50% Interest Rate 12.00% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.50%
Investments, Interest Rate	[12],[21]			12.00%
Investments, Maturity Date	[12],[21]			Apr. 11, 2029
Investments, Par Amount	[12],[14],[21]			$ 2,037,621
Investments, Cost	[3],[12],[21]			1,988,709
Investments, Fair Value	[5],[12],[21]			$ 2,037,621
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates LLC Delayed Draw Term Loan SOFR+6.25% Interest Rate 11.58% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.25%
Investments, Interest Rate	[1],[7],[19],[23]	11.58%
Investments, Maturity Date	[1],[7],[19]	Apr. 11, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 8,100,443
Investments, Cost	[1],[2],[7],[19]	7,906,347
Investments, Fair Value	[1],[4],[7],[19]	$ 8,100,443
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates LLC One Delayed Draw Term Loan SOFR+6.25% Interest Rate 11.58% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.25%
Investments, Interest Rate	[1],[7],[19],[23]	11.58%
Investments, Maturity Date	[1],[7],[19]	Apr. 11, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 5,689,354
Investments, Cost	[1],[2],[7],[19]	5,569,221
Investments, Fair Value	[1],[4],[7],[19]	$ 5,689,354
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates LLC One Term Loan SOFR+6.25% Interest Rate 11.58% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[19],[23]	6.25%
Investments, Interest Rate	[1],[19],[23]	11.58%
Investments, Maturity Date	[1],[19]	Apr. 11, 2029
Investments, Par Amount	[1],[9],[19]	$ 2,027,407
Investments, Cost	[1],[2],[19]	1,982,582
Investments, Fair Value	[1],[4],[19]	$ 2,027,407
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates LLC Term Loan SOFR+6.25% Interest Rate 11.58% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.25%
Investments, Interest Rate	[1],[7],[19],[23]	11.58%
Investments, Maturity Date	[1],[7],[19]	Apr. 11, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 7,157,868
Investments, Cost	[1],[2],[7],[19]	6,974,572
Investments, Fair Value	[1],[4],[7],[19]	$ 7,157,868
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates, LLC Delayed Draw Term Loan SOFR+6.50% Interest Rate 11.95% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.50%
Investments, Interest Rate	[12],[21]			11.95%
Investments, Maturity Date	[12],[21]			Apr. 11, 2029
Investments, Par Amount	[12],[14],[21]			$ 8,141,317
Investments, Cost	[3],[12],[21]			7,926,109
Investments, Fair Value	[5],[12],[21]			$ 8,141,317
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates, LLC Term Loan SOFR+6.50% Interest Rate 11.95% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.50%
Investments, Interest Rate	[12],[21]			11.95%
Investments, Maturity Date	[12],[21]			Apr. 11, 2029
Investments, Par Amount	[12],[14],[21]			$ 7,194,019
Investments, Cost	[3],[12],[21]			6,993,967
Investments, Fair Value	[5],[12],[21]			$ 7,194,019
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services MRI Acquisitions, Inc Term Loan SOFR+6.25% Interest Rate 11.73% Maturity Date 12/30/2025
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.25%
Investments, Interest Rate	[1],[7],[19],[23]	11.73%
Investments, Maturity Date	[1],[7],[19]	Dec. 30, 2025
Investments, Par Amount	[1],[7],[9],[19]	$ 5,653,702
Investments, Cost	[1],[2],[7],[19]	5,554,855
Investments, Fair Value	[1],[4],[7],[19]	$ 5,529,320
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services MRI Acquisitions, Inc Term Loan SOFR+6.25% Interest Rate 11.75% Maturity Date 12/30/2025
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.25%
Investments, Interest Rate	[12],[21]			11.75%
Investments, Maturity Date	[12],[21]			Dec. 30, 2025
Investments, Par Amount	[12],[14],[21]			$ 5,773,583
Investments, Cost	[3],[12],[21]			5,642,731
Investments, Fair Value	[5],[12],[21]			$ 5,611,923
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Omnia Partners LLC Delayed Draw Term Loan Maturity Date 7/25/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[12],[15],[20]			Jul. 25, 2030
Investments, Cost	[3],[12],[15],[20]			$ (173)
Investments, Fair Value	[5],[12],[15],[20]			$ 3,590
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Omnia Partners LLC Term Loan SOFR+3.25% Interest Rate 8.57% Maturity Date 7/25/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	3.25%
Investments, Interest Rate	[1],[7],[10],[23]	8.57%
Investments, Maturity Date	[1],[7],[10]	Jul. 25, 2030
Investments, Par Amount	[1],[7],[9],[10]	$ 7,406,438
Investments, Cost	[1],[2],[7],[10]	7,402,482
Investments, Fair Value	[1],[4],[7],[10]	$ 7,405,252
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Omnia Partners LLC Term Loan SOFR+4.25% Interest Rate 9.63% Maturity Date 7/25/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[15]			4.25%
Investments, Interest Rate	[12],[15]			9.63%
Investments, Maturity Date	[12],[15]			Jul. 25, 2030
Investments, Par Amount	[12],[14],[15]			$ 6,787,396
Investments, Cost	[3],[12],[15]			6,783,539
Investments, Fair Value	[5],[12],[15]			$ 6,825,609
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Prometric Holdings Inc Term Loan SOFR+4.75% Interest Rate 10.21% Maturity Date 1/31/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[19],[23]	4.75%
Investments, Interest Rate	[1],[7],[8],[10],[19],[23]	10.21%
Investments, Maturity Date	[1],[7],[8],[10],[19]	Jan. 31, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[19]	$ 3,980,025
Investments, Cost	[1],[2],[7],[8],[10],[19]	3,960,808
Investments, Fair Value	[1],[4],[7],[8],[10],[19]	$ 4,000,920
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Prometric Holdings Term Loan SOFR+5.25% Interest Rate 10.70% Maturity Date 1/29/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[15],[26]			5.25%
Investments, Interest Rate	[12],[13],[15],[26]			10.70%
Investments, Maturity Date	[12],[13],[15],[26]			Jan. 29, 2028
Investments, Par Amount	[12],[13],[14],[15],[26]			$ 4,000,000
Investments, Cost	[3],[12],[13],[15],[26]			3,980,138
Investments, Fair Value	[5],[12],[13],[15],[26]			$ 3,988,760
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Ruppert Landscape, LLC Delayed Draw Term Loan Maturity Date 12/1/2028
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[24]	Dec. 01, 2028
Investments, Cost	[1],[2],[7],[18],[24]	$ (39,223)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Ruppert Landscape, LLC Revolving Credit Facility SOFR+5.75% Interest Rate 11.24% Maturity Date 12/1/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[23],[24]	5.75%
Investments, Interest Rate	[1],[7],[18],[23],[24]	11.24%
Investments, Maturity Date	[1],[7],[18],[24]	Dec. 01, 2028
Investments, Par Amount	[1],[7],[9],[18],[24]	$ 72,380
Investments, Cost	[1],[2],[7],[18],[24]	67,147
Investments, Fair Value	[1],[4],[7],[18],[24]	$ 72,380
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Ruppert Landscape, LLC Term Loan SOFR+5.75% Interest Rate 11.25% Maturity Date 12/1/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[23],[24]	5.75%
Investments, Interest Rate	[1],[7],[23],[24]	11.25%
Investments, Maturity Date	[1],[7],[24]	Dec. 01, 2028
Investments, Par Amount	[1],[7],[9],[24]	$ 4,925,287
Investments, Cost	[1],[2],[7],[24]	4,787,809
Investments, Fair Value	[1],[4],[7],[24]	4,925,287
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Ruppert Landscape, LLC Term Loan SOFR+6.00% Interest Rate 11.68% Maturity Date 12/1/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			6.00%
Investments, Interest Rate	[12],[25]			11.68%
Investments, Maturity Date	[12],[25]			Dec. 01, 2028
Investments, Par Amount	[12],[14],[25]			$ 4,950,284
Investments, Cost	[3],[12],[25]			4,800,173
Investments, Fair Value	[5],[12],[25]			4,880,980
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Education Services
Schedule of Investments [Line Items]
Investments, Cost		10,076,652	[1],[2]	7,125,893	[3]
Investments, Fair Value		$ 10,476,458	[1],[4]	$ 7,505,040	[5]
Fair Value as % of Net Assets		1.79%	[1]	1.85%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Education Services KUEHG Corp Term Loan SOFR+4.50% Interest Rate 9.83% Maturity Date 6/12/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23],[27]	4.50%
Investments, Interest Rate	[1],[7],[10],[23],[27]	9.83%
Investments, Maturity Date	[1],[7],[10],[27]	Jun. 12, 2030
Investments, Par Amount	[1],[7],[9],[10],[27]	$ 10,443,769
Investments, Cost	[1],[2],[7],[10],[27]	10,076,652
Investments, Fair Value	[1],[4],[7],[10],[27]	10,476,458
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Education Services KUEHG Corp Term Loan SOFR+5.00% Interest Rate 10.35% Maturity Date 6/12/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[15],[26]			5.00%
Investments, Interest Rate	[12],[15],[26]			10.35%
Investments, Maturity Date	[12],[15],[26]			Jun. 12, 2030
Investments, Par Amount	[12],[14],[15],[26]			$ 7,481,250
Investments, Cost	[3],[12],[15],[26]			7,125,893
Investments, Fair Value	[5],[12],[15],[26]			7,505,040
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Electrical Components & Equipment
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	27,829,589
Investments, Fair Value	[1],[4]	$ 28,112,604
Fair Value as % of Net Assets	[1]	4.80%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Electrical Components & Equipment CMI Buyer, Inc. Term Loan SOFR+6.75% Interest Rate 12.08% Maturity Date 10/20/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[19],[22],[23]	6.75%
Investments, Interest Rate	[1],[7],[10],[19],[22],[23]	12.08%
Investments, Maturity Date	[1],[7],[10],[19],[22]	Oct. 20, 2028
Investments, Par Amount	[1],[7],[9],[10],[19],[22]	$ 20,005,950
Investments, Cost	[1],[2],[7],[10],[19],[22]	19,634,089
Investments, Fair Value	[1],[4],[7],[10],[19],[22]	$ 19,925,926
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Electrical Components & Equipment EDS Buyer, LLC Revolving Credit Facility Maturity Date 1/10/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[10],[18],[19]	Jan. 10, 2029
Investments, Cost	[1],[2],[7],[10],[18],[19]	$ (14,813)
Investments, Fair Value	[1],[4],[7],[10],[18],[19]	$ (15,611)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Electrical Components & Equipment EDS Buyer, LLC Term Loan SOFR+5.75% Interest Rate 11.09% Maturity Date 1/10/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[19],[22],[23]	5.75%
Investments, Interest Rate	[1],[7],[10],[19],[22],[23]	11.09%
Investments, Maturity Date	[1],[7],[10],[19],[22]	Jan. 10, 2029
Investments, Par Amount	[1],[7],[9],[10],[19],[22]	$ 8,369,683
Investments, Cost	[1],[2],[7],[10],[19],[22]	8,210,313
Investments, Fair Value	[1],[4],[7],[10],[19],[22]	8,202,289
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services
Schedule of Investments [Line Items]
Investments, Cost		23,933,849	[1],[2]	19,222,865	[3]
Investments, Fair Value		$ 24,328,985	[1],[4]	$ 19,466,071	[5]
Fair Value as % of Net Assets		4.15%	[1]	4.79%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Delayed Draw Term Loan SOFR+6.75% Interest Rate 12.22% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.75%
Investments, Interest Rate	[1],[7],[19],[23]	12.22%
Investments, Maturity Date	[1],[7],[19]	Feb. 07, 2028
Investments, Par Amount	[1],[7],[9],[19]	$ 1,144,221
Investments, Cost	[1],[2],[7],[19]	1,122,562
Investments, Fair Value	[1],[4],[7],[19]	$ 1,144,221
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Delayed Draw Term Loan SOFR+6.75% Interest Rate 12.42% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.75%
Investments, Interest Rate	[12],[21]			12.42%
Investments, Maturity Date	[12],[21]			Feb. 07, 2028
Investments, Par Amount	[12],[14],[21]			$ 1,150,000
Investments, Cost	[3],[12],[21]			1,125,273
Investments, Fair Value	[5],[12],[21]			$ 1,140,800
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Revolving Credit Facility Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Maturity Date	[12],[20],[21]			Feb. 07, 2028
Investments, Cost	[3],[12],[20],[21]			$ (6,643)
Investments, Fair Value	[5],[12],[20],[21]			$ (6,030)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Revolving Credit Facility SOFR+6.75% Interest Rate 12.22% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	6.75%
Investments, Interest Rate	[1],[7],[18],[19],[23]	12.22%
Investments, Maturity Date	[1],[7],[18],[19]	Feb. 07, 2028
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 863,239
Investments, Cost	[1],[2],[7],[18],[19]	839,383
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 863,239
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.08% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.75%
Investments, Interest Rate	[1],[7],[19],[22],[23]	12.08%
Investments, Maturity Date	[1],[7],[19],[22]	Feb. 07, 2028
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 3,442,970
Investments, Cost	[1],[2],[7],[19],[22]	3,339,852
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 3,339,680
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.23% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.75%
Investments, Interest Rate	[1],[7],[19],[23]	12.23%
Investments, Maturity Date	[1],[7],[19]	Feb. 07, 2028
Investments, Par Amount	[1],[7],[9],[19]	$ 595,541
Investments, Cost	[1],[2],[7],[19]	578,464
Investments, Fair Value	[1],[4],[7],[19]	$ 595,541
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.27% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.75%
Investments, Interest Rate	[12],[21]			12.27%
Investments, Maturity Date	[12],[21]			Feb. 07, 2028
Investments, Par Amount	[12],[14],[21]			$ 8,029,774
Investments, Cost	[3],[12],[21]			7,956,128
Investments, Fair Value	[5],[12],[21]			$ 7,965,536
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.28% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.75%
Investments, Interest Rate	[12],[21]			12.28%
Investments, Maturity Date	[12],[21]			Feb. 07, 2028
Investments, Par Amount	[12],[14],[21]			$ 10,449,360
Investments, Cost	[3],[12],[21]			10,148,107
Investments, Fair Value	[5],[12],[21]			10,365,765
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental, & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.22% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.75%
Investments, Interest Rate	[1],[7],[19],[22],[23]	12.22%
Investments, Maturity Date	[1],[7],[19],[22]	Feb. 07, 2028
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 7,989,322
Investments, Cost	[1],[2],[7],[19],[22]	7,924,364
Investments, Fair Value	[1],[4],[7],[19],[22]	7,989,322
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Fertilizers & Agricultural Chemicals
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	5,958,229
Investments, Fair Value	[1],[4]	$ 5,930,968
Fair Value as % of Net Assets	[1]	1.02%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Fertilizers & Agricultural Chemicals Consolidated Energy Finance SA Term Loan SOFR+4.50% Interest Rate 9.84% Maturity Date 11/15/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23]	4.50%
Investments, Interest Rate	[1],[7],[8],[10],[23]	9.84%
Investments, Maturity Date	[1],[7],[8],[10]	Nov. 15, 2030
Investments, Par Amount	[1],[7],[8],[9],[10]	$ 997,500
Investments, Cost	[1],[2],[7],[8],[10]	995,007
Investments, Fair Value	[1],[4],[7],[8],[10]	$ 969,071
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Fertilizers & Agricultural Chemicals Discovery Purchaser Corporation Term Loan SOFR+4.38% Interest Rate 9.68% Maturity Date 10/4/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	4.38%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	9.68%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Oct. 04, 2029
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,975,031
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,963,222
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	4,961,897
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Distributors
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	3,790,301
Investments, Fair Value	[1],[4]	$ 3,783,864
Fair Value as % of Net Assets	[1]	0.64%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Distributors Midas Foods International, LLC Delayed Draw Term Loan Term Loan Maturity Date 4/30/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Apr. 30, 2029
Investments, Cost	[1],[2],[7],[18],[19]	$ (116,895)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (120,762)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Distributors Midas Foods International, LLC Revolving Credit Facility Maturity Date 4/30/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Apr. 30, 2029
Investments, Cost	[1],[2],[7],[18],[19]	$ (38,938)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (40,254)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Distributors Midas Foods International, LLC Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 4/30/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.00%
Investments, Interest Rate	[1],[7],[19],[23]	11.33%
Investments, Maturity Date	[1],[7],[19]	Apr. 30, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 4,025,388
Investments, Cost	[1],[2],[7],[19]	3,946,134
Investments, Fair Value	[1],[4],[7],[19]	3,944,880
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Retail
Schedule of Investments [Line Items]
Investments, Cost		7,240,934	[1],[2]	7,264,350	[3]
Investments, Fair Value		$ 7,399,632	[1],[4]	$ 7,432,302	[5]
Fair Value as % of Net Assets		1.26%	[1]	1.83%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Retail Cardenas Merger Sub LLC Term Loan SOFR+6.75% Interest Rate 12.18% Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[24]	6.75%
Investments, Interest Rate	[1],[7],[8],[10],[23],[24]	12.18%
Investments, Maturity Date	[1],[7],[8],[10],[24]	Aug. 01, 2029
Investments, Par Amount	[1],[7],[8],[9],[10],[24]	$ 7,405,779
Investments, Cost	[1],[2],[7],[8],[10],[24]	7,240,934
Investments, Fair Value	[1],[4],[7],[8],[10],[24]	7,399,632
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Retail Cardenas Merger Sub LLC Term Loan SOFR+6.75% Interest Rate 12.20% Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[15],[25]			6.75%
Investments, Interest Rate	[12],[13],[15],[25]			12.20%
Investments, Maturity Date	[12],[13],[15],[25]			Aug. 01, 2029
Investments, Par Amount	[12],[13],[14],[15],[25]			$ 7,443,467
Investments, Cost	[3],[12],[13],[15],[25]			7,264,350
Investments, Fair Value	[5],[12],[13],[15],[25]			7,432,302
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Distributors
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	4,919,606
Investments, Fair Value	[1],[4]	$ 4,810,475
Fair Value as % of Net Assets	[1]	0.82%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Distributors Gainwell Acquisition CorpTerm Loan SOFR+4.00% Interest Rate 9.43% Maturity Date 10/1/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[24]	4.00%
Investments, Interest Rate	[1],[7],[8],[10],[23],[24]	9.43%
Investments, Maturity Date	[1],[7],[8],[10],[24]	Oct. 01, 2027
Investments, Par Amount	[1],[7],[8],[9],[10],[24]	$ 4,974,227
Investments, Cost	[1],[2],[7],[8],[10],[24]	4,919,606
Investments, Fair Value	[1],[4],[7],[8],[10],[24]	4,810,475
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities
Schedule of Investments [Line Items]
Investments, Cost		11,410,037	[1],[2]	12,388,445	[3]
Investments, Fair Value		$ 11,818,611	[1],[4]	$ 12,700,350	[5]
Fair Value as % of Net Assets		2.02%	[1]	3.13%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management LLC Delayed Draw Term Loan SOFR+6.00% Interest Rate 11.46% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[20],[21]			6.00%
Investments, Interest Rate	[12],[20],[21]			11.46%
Investments, Maturity Date	[12],[20],[21]			Sep. 06, 2028
Investments, Par Amount	[12],[14],[20],[21]			$ 3,602,586
Investments, Cost	[3],[12],[20],[21]			3,414,009
Investments, Fair Value	[5],[12],[20],[21]			$ 3,602,586
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Delayed Draw Term Loan Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Maturity Date		Jul. 07, 2028	[1],[7],[18],[19]	Jul. 07, 2028	[12],[20],[21]
Investments, Cost		$ (80,958)	[1],[2],[7],[18],[19]	$ (119,995)	[3],[12],[20],[21]
Investments, Fair Value	[5],[12],[20],[21]			$ (44,050)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Revolving Credit Facility Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Jul. 07, 2028
Investments, Cost	[1],[2],[7],[18],[19]	$ (24,239)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Revolving Credit Facility SOFR+6.50% Interest Rate 12.00% Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[20],[21]			6.50%
Investments, Interest Rate	[12],[20],[21]			12.00%
Investments, Maturity Date	[12],[20],[21]			Jul. 07, 2028
Investments, Par Amount	[12],[14],[20],[21]			$ 995,031
Investments, Cost	[3],[12],[20],[21]			966,499
Investments, Fair Value	[5],[12],[20],[21]			$ 985,031
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Term Loan SOFR+6.50% Interest Rate 11.85% Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.50%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.85%
Investments, Maturity Date	[1],[7],[19],[22]	Jul. 07, 2028
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 11,818,611
Investments, Cost	[1],[2],[7],[19],[22]	11,515,234
Investments, Fair Value	[1],[4],[7],[19],[22]	11,818,611
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Term Loan SOFR+6.50% Interest Rate 11.98% Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.50%
Investments, Interest Rate	[12],[21]			11.98%
Investments, Maturity Date	[12],[21]			Jul. 07, 2028
Investments, Par Amount	[12],[14],[21]			$ 11,878,151
Investments, Cost	[3],[12],[21]			11,541,941
Investments, Fair Value	[5],[12],[21]			11,759,369
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services
Schedule of Investments [Line Items]
Investments, Cost		90,726,128	[1],[2]	32,860,634	[3]
Investments, Fair Value		$ 92,037,928	[1],[4]	$ 33,949,227	[5]
Fair Value as % of Net Assets		15.72%	[1]	8.36%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation Delayed Draw Term Loan SOFR+6.00% Interest Rate 11.44% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	6.00%
Investments, Interest Rate	[1],[7],[18],[19],[23]	11.44%
Investments, Maturity Date	[1],[7],[18],[19]	Sep. 06, 2028
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 7,804,655
Investments, Cost	[1],[2],[7],[18],[19]	7,584,820
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 7,804,655
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation One Term Loan SOFR+6.00% Interest Rate 11.44% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[23],[24]	6.00%
Investments, Interest Rate	[1],[23],[24]	11.44%
Investments, Maturity Date	[1],[24]	Sep. 06, 2028
Investments, Par Amount	[1],[9],[24]	$ 2,560,345
Investments, Cost	[1],[2],[24]	2,498,048
Investments, Fair Value	[1],[4],[24]	$ 2,560,345
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation One Term Loan SOFR+6.00% Interest Rate 11.46% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			6.00%
Investments, Interest Rate	[12],[25]			11.46%
Investments, Maturity Date	[12],[25]			Sep. 06, 2028
Investments, Par Amount	[12],[14],[25]			$ 2,573,276
Investments, Cost	[3],[12],[25]			2,503,835
Investments, Fair Value	[5],[12],[25]			$ 2,573,276
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation Revolving Credit Facility Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Maturity Date		Sep. 06, 2028	[1],[7],[18],[24]	Sep. 06, 2028	[12],[20],[25]
Investments, Cost		$ (50,116)	[1],[2],[7],[18],[24]	$ (55,910)	[3],[12],[20],[25]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation Term Loan SOFR+6.00% Interest Rate 11.44% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[23],[24]	6.00%
Investments, Interest Rate	[1],[7],[23],[24]	11.44%
Investments, Maturity Date	[1],[7],[24]	Sep. 06, 2028
Investments, Par Amount	[1],[7],[9],[24]	$ 4,933,904
Investments, Cost	[1],[2],[7],[24]	4,732,664
Investments, Fair Value	[1],[4],[7],[24]	$ 4,933,904
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation Term Loan SOFR+6.00% Interest Rate 11.46% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			6.00%
Investments, Interest Rate	[12],[25]			11.46%
Investments, Maturity Date	[12],[25]			Sep. 06, 2028
Investments, Par Amount	[12],[14],[25]			$ 4,958,949
Investments, Cost	[3],[12],[25]			4,738,316
Investments, Fair Value	[5],[12],[25]			$ 4,958,949
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services BeBright MSO, LLC Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.09% Maturity Date 6/3/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.75%
Investments, Interest Rate	[1],[7],[18],[19],[23]	11.09%
Investments, Maturity Date	[1],[7],[18],[19]	Jun. 03, 2030
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 578,836
Investments, Cost	[1],[2],[7],[18],[19]	505,026
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 504,147
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services BeBright MSO, LLC Revolving Credit Facility Maturity Date 6/3/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Jun. 03, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (18,444)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (18,672)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services BeBright MSO, LLC Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 6/3/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	5.75%
Investments, Interest Rate	[1],[7],[19],[23]	11.10%
Investments, Maturity Date	[1],[7],[19]	Jun. 03, 2030
Investments, Par Amount	[1],[7],[9],[19]	$ 9,336,064
Investments, Cost	[1],[2],[7],[19]	9,242,704
Investments, Fair Value	[1],[4],[7],[19]	$ 9,242,704
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. Delayed Draw Term Loan Maturity Date 1/3/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[18],[19]	Jan. 03, 2029
Investments, Cost	[1],[2],[18],[19]	$ (87,360)
Investments, Fair Value	[1],[4],[18],[19]	$ (63,636)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. Term Loan SOFR+6.00% Interest Rate 11.30% Maturity Date 1/3/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[19],[23]	6.00%
Investments, Interest Rate	[1],[19],[23]	11.30%
Investments, Maturity Date	[1],[19]	Jan. 03, 2029
Investments, Par Amount	[1],[9],[19]	$ 10,717,395
Investments, Cost	[1],[2],[19]	10,511,375
Investments, Fair Value	[1],[4],[19]	$ 10,642,373
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. Term Loan SOFR+6.50% Interest Rate 11.78% Maturity Date 1/3/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.50%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.78%
Investments, Maturity Date	[1],[7],[19],[22]	Jan. 03, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 9,358,358
Investments, Cost	[1],[2],[7],[19],[22]	9,121,808
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 9,358,358
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. Term Loan SOFR+6.50% Interest Rate 11.97% Maturity Date 1/3/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.50%
Investments, Interest Rate	[12],[21]			11.97%
Investments, Maturity Date	[12],[21]			Jan. 03, 2029
Investments, Par Amount	[12],[14],[21]			$ 9,405,742
Investments, Cost	[3],[12],[21]			9,145,917
Investments, Fair Value	[5],[12],[21]			$ 9,349,308
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Delayed Draw Term Loan Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Maturity Date		Dec. 16, 2028	[1],[7],[18],[19]	Dec. 16, 2028	[12],[20],[21]
Investments, Cost		$ (27,254)	[1],[2],[7],[18],[19]	$ (30,179)	[3],[12],[20],[21]
Investments, Fair Value	[5],[12],[20],[21]			$ (2,857)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Revolving Credit Facility Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Maturity Date		Dec. 16, 2028	[1],[7],[18],[19]	Dec. 16, 2028	[12],[20],[21]
Investments, Cost		$ (12,956)	[1],[2],[7],[18],[19]	$ (14,359)	[3],[12],[20],[21]
Investments, Fair Value	[5],[12],[20],[21]			$ (3,061)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Term Loan SOFR+6.50% Interest Rate 11.93% Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.50%
Investments, Interest Rate	[12],[21]			11.93%
Investments, Maturity Date	[12],[21]			Dec. 16, 2028
Investments, Par Amount	[12],[14],[21]			$ 4,950,000
Investments, Cost	[3],[12],[21]			4,773,256
Investments, Fair Value	[5],[12],[21]			$ 4,920,300
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Term Loan SOFR+6.50% Interest Rate 12.00% Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[19],[23]	6.50%
Investments, Interest Rate	[1],[19],[23]	12.00%
Investments, Maturity Date	[1],[19]	Dec. 16, 2028
Investments, Par Amount	[1],[9],[19]	$ 3,038,265
Investments, Cost	[1],[2],[19]	2,957,766
Investments, Fair Value	[1],[4],[19]	$ 3,038,265
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Term Loan SOFR+6.50% Interest Rate 12.01% Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.50%
Investments, Interest Rate	[1],[7],[19],[23]	12.01%
Investments, Maturity Date	[1],[7],[19]	Dec. 16, 2028
Investments, Par Amount	[1],[7],[9],[19]	$ 4,925,000
Investments, Cost	[1],[2],[7],[19]	4,762,785
Investments, Fair Value	[1],[4],[7],[19]	$ 4,925,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Term Loan SOFR+6.50% Interest Rate 12.04% Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.50%
Investments, Interest Rate	[12],[21]			12.04%
Investments, Maturity Date	[12],[21]			Dec. 16, 2028
Investments, Par Amount	[12],[14],[21]			$ 3,053,571
Investments, Cost	[3],[12],[21]			2,965,461
Investments, Fair Value	[5],[12],[21]			$ 3,047,464
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Integrated Oncology Network LLC Term Loan SOFR+6.00% Interest Rate 11.45% Maturity Date 6/24/2025
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.00%
Investments, Interest Rate	[1],[7],[19],[23]	11.45%
Investments, Maturity Date	[1],[7],[19]	Jun. 24, 2025
Investments, Par Amount	[1],[7],[9],[19]	$ 2,099,145
Investments, Cost	[1],[2],[7],[19]	2,065,474
Investments, Fair Value	[1],[4],[7],[19]	$ 2,063,460
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services The Smilist DSO, LLC Delayed Draw Term Loan Maturity Date 4/4/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Apr. 04, 2029
Investments, Cost	[1],[2],[7],[18],[19]	$ (39,692)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (44,463)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services The Smilist DSO, LLC Delayed Draw Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 4/4/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	6.00%
Investments, Interest Rate	[1],[7],[18],[19],[23]	11.33%
Investments, Maturity Date	[1],[7],[18],[19]	Apr. 04, 2029
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 4,066,485
Investments, Cost	[1],[2],[7],[18],[19]	3,973,202
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 4,010,907
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services The Smilist DSO, LLC Revolving Credit Facility Maturity Date 4/4/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Apr. 04, 2029
Investments, Cost	[1],[2],[7],[18],[19]	$ (19,853)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (11,116)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services The Smilist DSO, LLC Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 4/4/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.00%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.33%
Investments, Maturity Date	[1],[7],[19],[22]	Apr. 04, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 17,136,668
Investments, Cost	[1],[2],[7],[19],[22]	16,765,333
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 16,931,028
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Tiger Healthcare Buyer, LLC Delayed Draw Term Loan Maturity Date 2/27/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Feb. 27, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (102,615)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (242,188)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Tiger Healthcare Buyer, LLC Revolving Credit Facility Maturity Date 2/27/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Feb. 27, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (21,221)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (25,000)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Tiger Healthcare Buyer, LLC Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 2/27/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.00%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.33%
Investments, Maturity Date	[1],[7],[19],[22]	Feb. 27, 2030
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 11,221,875
Investments, Cost	[1],[2],[7],[19],[22]	10,980,509
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 10,941,328
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services VIP Medical US Buyer, LLC Term Loan SOFR+5.50% Interest Rate 10.96% Maturity Date 12/12/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			5.50%
Investments, Interest Rate	[12],[21]			10.96%
Investments, Maturity Date	[12],[21]			Dec. 12, 2028
Investments, Par Amount	[12],[14],[21]			$ 5,558,850
Investments, Cost	[3],[12],[21]			5,420,288
Investments, Fair Value	[5],[12],[21]			5,503,262
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services VIP Medical US Buyer, LLC Term Loan SOFR+5.75% Interest Rate 11.19% Maturity Date 12/12/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.75%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.19%
Investments, Maturity Date	[1],[7],[19],[22]	Dec. 12, 2028
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 5,530,775
Investments, Cost	[1],[2],[7],[19],[22]	5,404,125
Investments, Fair Value	[1],[4],[7],[19],[22]	5,486,529
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Supplies
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	7,625,960
Investments, Fair Value	[1],[4]	$ 7,763,341
Fair Value as % of Net Assets	[1]	1.33%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Supplies C2DX, Inc Delayed Draw Term Loan Maturity Date 3/19/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Mar. 19, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (70,606)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (24,624)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Supplies C2DX, Inc Revolving Credit Facility SOFR+5.25% Interest Rate 10.59% Maturity Date 3/19/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.25%
Investments, Interest Rate	[1],[7],[18],[19],[23]	10.59%
Investments, Maturity Date	[1],[7],[18],[19]	Mar. 19, 2030
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 221,614
Investments, Cost	[1],[2],[7],[18],[19]	193,333
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 211,764
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Supplies C2DX, Inc Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 3/19/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.25%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.59%
Investments, Maturity Date	[1],[7],[19],[22]	Mar. 19, 2030
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 7,614,273
Investments, Cost	[1],[2],[7],[19],[22]	7,503,233
Investments, Fair Value	[1],[7],[19],[22]	7,576,201
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Technology
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	4,964,498
Investments, Fair Value	[1],[4]	$ 4,952,880
Fair Value as % of Net Assets	[1]	0.84%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Technology Athenahealth Group Inc Term Loan SOFR+3.25% Interest Rate 8.59% Maturity Date 2/15/2019
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	3.25%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	8.59%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Feb. 15, 2029
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,974,619
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,964,498
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	4,952,880
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Home Improvement Retail
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	3,960,109
Investments, Fair Value	[1],[4]	$ 3,928,880
Fair Value as % of Net Assets	[1]	0.67%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Home Improvement Retail LBM Acquisition LLC Term Loan SOFR+3.75% Interest Rate 9.18% Maturity Date 6/6/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[24]	3.75%
Investments, Interest Rate	[1],[7],[8],[10],[23],[24]	9.18%
Investments, Maturity Date	[1],[7],[8],[10],[24]	Jun. 06, 2031
Investments, Par Amount	[1],[7],[8],[9],[10],[24]	$ 4,000,000
Investments, Cost	[1],[2],[7],[8],[10],[24]	3,960,109
Investments, Fair Value	[1],[4],[7],[8],[10],[24]	3,928,880
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Human Resource & Employment Services
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	31,623,797
Investments, Fair Value	[1],[4]	$ 31,613,381
Fair Value as % of Net Assets	[1]	5.39%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Human Resource & Employment Services Future Care Associates LLC One Term Loan SOFR+5.25% Interest Rate 10.73% Maturity Date 1/27/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.25%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.73%
Investments, Maturity Date	[1],[7],[19],[22]	Jan. 27, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 15,000,000
Investments, Cost	[1],[2],[7],[19],[22]	14,704,199
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 14,700,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Human Resource & Employment Services Future Care Associates LLC Term Loan SOFR+5.25% Interest Rate 10.73% Maturity Date 1/27/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	5.25%
Investments, Interest Rate	[1],[7],[19],[23]	10.73%
Investments, Maturity Date	[1],[7],[19]	Jan. 27, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 17,258,552
Investments, Cost	[1],[2],[7],[19]	16,919,598
Investments, Fair Value	[1],[4],[7],[19]	16,913,381
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components
Schedule of Investments [Line Items]
Investments, Cost		73,325,539	[1],[2]	9,281,727	[3]
Investments, Fair Value		$ 73,853,402	[1],[4]	$ 9,395,481	[5]
Fair Value as % of Net Assets		12.59%	[1]	2.32%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Astro Acquisition LLC Term Loan SOFR+5.50% Interest Rate 10.83% Maturity Date 12/13/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.50%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.83%
Investments, Maturity Date	[1],[7],[19],[22]	Dec. 13, 2027
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 24,937,500
Investments, Cost	[1],[2],[7],[19],[22]	24,712,183
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 24,812,813
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Endurance PT Technology Buyer Corporation One Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 2/28/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.25%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.59%
Investments, Maturity Date	[1],[7],[19],[22]	Feb. 28, 2030
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 15,200,895
Investments, Cost	[1],[2],[7],[19],[22]	14,935,115
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 14,934,880
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Endurance PT Technology Buyer Corporation Revolving Credit Facility Maturity Date 2/28/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[10],[18]	Feb. 28, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (18,922)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Endurance PT Technology Buyer Corporation Revolving Credit Facility SOFR - Maturity Date 2/28/2030
Schedule of Investments [Line Items]
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (7,500)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Endurance PT Technology Buyer Corporation Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 2/28/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.25%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.59%
Investments, Maturity Date	[1],[7],[19],[22]	Feb. 28, 2030
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 18,153,404
Investments, Cost	[1],[2],[7],[19],[22]	17,801,472
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 18,017,254
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Lake Air Products, LLC Term Loan SOFR+6.75% Interest Rate 12.23% Maturity Date 1/9/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.75%
Investments, Interest Rate	[1],[7],[19],[23]	12.23%
Investments, Maturity Date	[1],[7],[19]	Jan. 09, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 9,446,326
Investments, Cost	[1],[2],[7],[19]	9,187,616
Investments, Fair Value	[1],[4],[7],[19]	$ 9,389,648
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Lake Air Products, LLC Term Loan SOFR+6.75% Interest Rate 12.25% Maturity Date 1/9/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.75%
Investments, Interest Rate	[12],[21]			12.25%
Investments, Maturity Date	[12],[21]			Jan. 09, 2029
Investments, Par Amount	[12],[14],[21]			$ 9,567,700
Investments, Cost	[3],[12],[21]			9,281,727
Investments, Fair Value	[5],[12],[21]			9,395,481
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components MoboTrex, LLC Delayed Draw Term Loan Maturity Date 6/7/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Jun. 07, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (39,459)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (39,871)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components MoboTrex, LLC Revolving Credit Facility Maturity Date 6/7/2030
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Jun. 07, 2030
Investments, Cost	[1],[2],[7],[18],[19]	$ (26,299)
Investments, Fair Value	[1],[4],[7],[18],[19]	$ (26,581)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components MoboTrex, LLC Term Loan SOFR+5.50% Interest Rate 10.84% Maturity Date 6/7/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.50%
Investments, Interest Rate	[1],[7],[19],[22],[23]	10.84%
Investments, Maturity Date	[1],[7],[19],[22]	Jun. 07, 2030
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 6,910,979
Investments, Cost	[1],[2],[7],[19],[22]	6,773,833
Investments, Fair Value	[1],[4],[7],[19],[22]	6,772,759
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers
Schedule of Investments [Line Items]
Investments, Cost		25,121,176	[1],[2]	19,739,919	[3]
Investments, Fair Value		$ 25,296,198	[1],[4]	$ 19,965,722	[5]
Fair Value as % of Net Assets		4.32%	[1]	4.91%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Acrisure LLC Term Loan SOFR+3.25% Interest Rate 8.59% Maturity Date 11/6/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	3.25%
Investments, Interest Rate	[1],[7],[10],[23]	8.59%
Investments, Maturity Date	[1],[7],[10]	Nov. 06, 2030
Investments, Par Amount	[1],[7],[9],[10]	$ 9,925,000
Investments, Cost	[1],[2],[7],[10]	9,801,735
Investments, Fair Value	[1],[4],[7],[10]	$ 9,906,440
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Acrisure LLC Term Loan SOFR+3.50% Interest Rate 8.94% Maturity Date 2/15/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	3.50%
Investments, Interest Rate	[1],[7],[10],[23]	8.94%
Investments, Maturity Date	[1],[7],[10]	Feb. 15, 2027
Investments, Par Amount	[1],[7],[9],[10]	$ 4,987,013
Investments, Cost	[1],[2],[7],[10]	4,987,013
Investments, Fair Value	[1],[4],[7],[10]	$ 4,979,632
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Acrisure LLC Term Loan SOFR+4.50% Interest Rate 9.89% Maturity Date 11/6/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[15]			4.50%
Investments, Interest Rate	[12],[15]			9.89%
Investments, Maturity Date	[12],[15]			Nov. 06, 2030
Investments, Par Amount	[12],[14],[15]			$ 9,949,875
Investments, Cost	[3],[12],[15]			9,826,653
Investments, Fair Value	[5],[12],[15]			$ 9,958,133
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Alera Group, Inc. Delayed Draw Term Loan Maturity Date 9/30/2028
Schedule of Investments [Line Items]
Investments, Maturity Date	[12],[20],[25]			Sep. 30, 2028
Investments, Cost	[3],[12],[20],[25]			$ (13,202)
Investments, Fair Value	[5],[12],[20],[25]			$ (21,611)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Alera Group, Inc. Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.08% Maturity Date 9/30/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[23],[24]	5.75%
Investments, Interest Rate	[1],[7],[18],[23],[24]	11.08%
Investments, Maturity Date	[1],[7],[18],[24]	Sep. 30, 2028
Investments, Par Amount	[1],[7],[9],[18],[24]	$ 440,113
Investments, Cost	[1],[2],[7],[18],[24]	426,392
Investments, Fair Value	[1],[4],[7],[18],[24]	$ 440,113
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Jones Deslauriers Insurance Management Inc Term Loan SOFR+3.50% Interest Rate 8.83% Maturity Date 3/15/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23]	3.50%
Investments, Interest Rate	[1],[7],[8],[10],[23]	8.83%
Investments, Maturity Date	[1],[7],[8],[10]	Mar. 15, 2030
Investments, Par Amount	[1],[7],[8],[9],[10]	$ 9,975,000
Investments, Cost	[1],[2],[7],[8],[10]	9,906,036
Investments, Fair Value	[1],[4],[7],[8],[10]	9,970,013
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Jones Deslauriers Insurance Management Inc Term Loan SOFR+4.25% Interest Rate 9.62% Maturity Date 3/15/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[15]			4.25%
Investments, Interest Rate	[12],[13],[15]			9.62%
Investments, Maturity Date	[12],[13],[15]			Mar. 15, 2030
Investments, Par Amount	[12],[13],[14],[15]			$ 10,000,000
Investments, Cost	[3],[12],[13],[15]			9,926,468
Investments, Fair Value	[5],[12],[13],[15]			10,029,200
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Internet Services & Infrastructure
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	5,969,600
Investments, Fair Value	[1],[4]	$ 5,944,291
Fair Value as % of Net Assets	[1]	1.02%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Internet Services & Infrastructure Constant Contact Inc Term Loan SOFR+4.00% Interest Rate 0.00% Maturity Date 2/10/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[8],[10],[23],[24],[27]	4.00%
Investments, Maturity Date	[1],[8],[10],[24],[27]	Feb. 10, 2028
Investments, Par Amount	[1],[8],[9],[10],[24],[27]	$ 987,793
Investments, Cost	[1],[2],[8],[10],[24],[27]	990,181
Investments, Fair Value	[1],[4],[8],[10],[24],[27]	$ 972,645
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Internet Services & Infrastructure Constant Contact Inc Term Loan SOFR+4.00% Interest Rate 9.57% Maturity Date 2/10/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[8],[10],[23],[24],[27]	9.57%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Internet Services & Infrastructure Peraton Corp Term Loan SOFR+3.75% Interest Rate 9.19% Maturity Date 2/1/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[24]	3.75%
Investments, Interest Rate	[1],[7],[8],[10],[23],[24]	9.19%
Investments, Maturity Date	[1],[7],[8],[10],[24]	Feb. 01, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[24]	$ 4,973,735
Investments, Cost	[1],[2],[7],[8],[10],[24]	4,979,419
Investments, Fair Value	[1],[4],[7],[8],[10],[24]	4,971,646
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Life Sciences Tools & Services
Schedule of Investments [Line Items]
Investments, Cost		26,612,016	[1],[2]	26,707,426	[3]
Investments, Fair Value		$ 27,275,101	[1],[4]	$ 26,985,980	[5]
Fair Value as % of Net Assets		4.65%	[1]	6.65%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Life Sciences Tools & Services WCI-BXC Purchaser, LLC Revolving Credit Facility Maturity Date 11/6/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Nov. 06, 2029	[1],[7],[18],[24]	Nov. 06, 2029	[3],[12],[25]
Investments, Cost		$ (22,346)	[1],[2],[7],[18],[24]	$ (24,388)	[3],[12],[25]
Investments, Fair Value	[3],[5],[12],[25]			$ (15,000)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Life Sciences Tools & Services WCI-BXC Purchaser, LLC Term Loan SOFR+6.25% Interest Rate 11.59% Maturity Date 11/6/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[22],[23],[24]	6.25%
Investments, Interest Rate	[1],[7],[22],[23],[24]	11.59%
Investments, Maturity Date	[1],[7],[22],[24]	Nov. 06, 2030
Investments, Par Amount	[1],[7],[9],[22],[24]	$ 27,275,101
Investments, Cost	[1],[2],[7],[22],[24]	26,634,362
Investments, Fair Value	[1],[4],[7],[22],[24]	27,275,101
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Life Sciences Tools & Services WCI-BXC Purchaser, LLC Term Loan SOFR+6.25% Interest Rate 11.64% Maturity Date 11/6/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			6.25%
Investments, Interest Rate	[12],[25]			11.64%
Investments, Maturity Date	[12],[25]			Nov. 06, 2030
Investments, Par Amount	[12],[14],[25]			$ 27,412,162
Investments, Cost	[3],[12],[25]			26,731,814
Investments, Fair Value	[5],[12],[25]			27,000,980
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Metal, Glass & Plastic Containers
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	3,977,427
Investments, Fair Value	[1],[4]	$ 3,979,344
Fair Value as % of Net Assets	[1]	0.68%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Metal, Glass & Plastic Containers AOT Packaging Products Acquisitionco LLC Term Loan SOFR+3.25% Interest Rate 8.71% Maturity Date 3/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23],[27]	3.25%
Investments, Interest Rate	[1],[7],[10],[23],[27]	8.71%
Investments, Maturity Date	[1],[7],[10],[27]	Mar. 03, 2028
Investments, Par Amount	[1],[7],[9],[10],[27]	$ 3,989,717
Investments, Cost	[1],[2],[7],[10],[27]	3,977,427
Investments, Fair Value	[1],[4],[7],[10],[27]	3,979,344
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Oil & Gas Refining & Marketing
Schedule of Investments [Line Items]
Investments, Cost		7,329,452	[1],[2]	7,330,600	[3]
Investments, Fair Value		$ 7,353,697	[1],[4]	$ 7,311,675	[5]
Fair Value as % of Net Assets		1.25%	[1]	1.80%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Oil & Gas Refining & Marketing EG America LLC Term Loan SOFR+5.50% Interest Rate 11.07% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	5.50%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	11.07%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Feb. 07, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 7,443,750
Investments, Cost	[1],[2],[7],[8],[10],[27]	7,329,452
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	7,353,697
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Oil & Gas Refining & Marketing EG America LLC Term Loan SOFR+5.50% Interest Rate 11.24% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[15],[26]			5.50%
Investments, Interest Rate	[12],[13],[15],[26]			11.24%
Investments, Maturity Date	[12],[13],[15],[26]			Feb. 07, 2028
Investments, Par Amount	[12],[13],[14],[15],[26]			$ 5,486,250
Investments, Cost	[3],[12],[13],[15],[26]			5,385,600
Investments, Fair Value	[5],[12],[13],[15],[26]			$ 5,376,525
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Oil & Gas Refining & Marketing EG America LLC Term Loan SOFR+5.50% Interest Rate 9.66% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[13],[26]			5.50%
Investments, Interest Rate	[12],[13],[26]			9.66%
Investments, Maturity Date	[12],[13],[26]			Feb. 07, 2028
Investments, Par Amount	[12],[13],[14],[26]			$ 1,995,000
Investments, Cost	[3],[12],[13],[26]			1,945,000
Investments, Fair Value	[5],[12],[13],[26]			1,935,150
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats
Schedule of Investments [Line Items]
Investments, Cost		19,207,049	[1],[2]	19,265,506	[3]
Investments, Fair Value		$ 19,436,411	[1],[4]	$ 19,277,424	[5]
Fair Value as % of Net Assets		3.32%	[1]	4.75%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats CCI Prime, LLC Delayed Draw Term Loan Maturity Date 10/18/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Oct. 18, 2029	[1],[7],[18],[19]	Oct. 18, 2029	[20],[21],[25]
Investments, Cost		$ (44,295)	[1],[2],[7],[18],[19]	$ (48,327)	[3],[20],[21],[25]
Investments, Fair Value		$ (27,957)	[1],[4],[7],[18],[19]	$ (47,926)	[5],[20],[21],[25]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats CCI Prime, LLC Revolving Credit Facility Maturity Date 10/18/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Oct. 18, 2029	[1],[7],[18],[19]	Oct. 18, 2029	[20],[21],[25]
Investments, Cost		$ (22,142)	[1],[2],[7],[18],[19]	$ (24,181)	[3],[20],[21],[25]
Investments, Fair Value		$ (14,000)	[1],[4],[7],[18],[19]	$ (24,000)	[5],[20],[21],[25]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats CCI Prime, LLC Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 10/18/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.00%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.33%
Investments, Maturity Date	[1],[7],[19],[22]	Oct. 18, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 19,726,028
Investments, Cost	[1],[2],[7],[19],[22]	19,273,486
Investments, Fair Value	[1],[4],[7],[19],[22]	19,478,368
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats CCI Prime, LLC Term Loan SOFR+6.00% Interest Rate 11.35% Maturity Date 10/18/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[21],[25]			6.00%
Investments, Interest Rate	[21],[25]			11.35%
Investments, Maturity Date	[21],[25]			Oct. 18, 2029
Investments, Par Amount	[14],[21],[25]			$ 19,825,153
Investments, Cost	[3],[21],[25]			19,338,014
Investments, Fair Value	[5],[21],[25]			19,349,350
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Personal Care Products
Schedule of Investments [Line Items]
Investments, Cost		2,484,297
Investments, Fair Value		$ 2,477,706
Fair Value as % of Net Assets		0.42%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Personal Care Products Conair Holdings LLC Delayed Draw Term Loan
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	Nov. 02, 2029
Investments, Cost	[1],[2],[7],[18],[19]	$ (113,716)
Investments, Fair Value	[1],[7],[18],[19]	$ (295,577)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Personal Care Products Conair Holdings LLC Term Loan SOFR+3.75% Interest Rate 9.21% Maturity Date 5/17/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19]	6.50%
Investments, Interest Rate	[1],[7],[19]	11.93%
Investments, Maturity Date	[1],[7],[19]	Nov. 02, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 12,507,660
Investments, Cost	[1],[2],[7],[19]	12,219,042
Investments, Fair Value	[1],[7],[19]	$ 12,144,938
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Personal Care Products Term Loan SOFR+3.75% Interest Rate 9.21% Maturity Date 5/17/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23],[27]	3.75%
Investments, Interest Rate	[1],[7],[10],[23],[27]	9.21%
Investments, Maturity Date	[1],[7],[10],[27]	May 17, 2028
Investments, Par Amount	[1],[7],[9],[10],[27]	$ 2,493,590
Investments, Cost	[1],[2],[7],[10],[27]	2,484,297
Investments, Fair Value	[1],[4],[7],[10],[27]	2,477,706
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Pharmaceuticals
Schedule of Investments [Line Items]
Investments, Cost		9,505,386	[1],[2]	9,498,393	[3]
Investments, Fair Value		$ 9,875,000	[1]	$ 9,900,000	[5]
Fair Value as % of Net Assets		1.68%	[1]	2.44%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Pharmaceuticals Alcami Corporation Term Loan SOFR+7.00% Interest Rate 12.46% Maturity Date 12/21/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			7.00%
Investments, Interest Rate	[12],[21]			12.46%
Investments, Maturity Date	[12],[21]			Dec. 21, 2028
Investments, Par Amount	[12],[14],[21]			$ 9,900,000
Investments, Cost	[3],[12],[21]			9,498,393
Investments, Fair Value	[5],[12],[21]			9,900,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Pharmaceuticals Alcami Corporation Term Loan SOFR+7.00% Interest Rate 12.49% Maturity Date 12/21/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22]	7.00%
Investments, Interest Rate	[1],[7],[19],[22]	12.49%
Investments, Maturity Date	[1],[7],[19],[22]	Dec. 21, 2028
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 9,875,000
Investments, Cost	[1],[2],[7],[19],[22]	9,505,386
Investments, Fair Value	[1],[7],[19],[22]	9,875,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Property & Casualty Insurance
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	16,935,047
Investments, Fair Value	[1]	$ 16,856,030
Fair Value as % of Net Assets	[1]	2.88%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Property & Casualty Insurance Amynta Agency Borrower Inc Term Loan SOFR+3.75% Interest Rate 9.09% Maturity Date 2/28/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10]	3.75%
Investments, Interest Rate	[1],[7],[8],[10]	9.09%
Investments, Maturity Date	[1],[7],[8],[10]	Feb. 28, 2028
Investments, Par Amount	[1],[7],[8],[9],[10]	$ 7,000,000
Investments, Cost	[1],[2],[7],[8],[10]	7,000,000
Investments, Fair Value	[1],[7],[8],[10]	$ 7,010,010
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Property & Casualty Insurance Asurion LLC Term Loan SOFR+4.00% Interest Rate 9.44% Maturity Date 8/19/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10]	4.25%
Investments, Interest Rate	[1],[7],[10]	9.69%
Investments, Maturity Date	[1],[7],[10]	Aug. 19, 2028
Investments, Par Amount	[1],[7],[9],[10]	$ 4,974,811
Investments, Cost	[1],[2],[7],[10]	4,970,498
Investments, Fair Value	[1],[7],[10]	$ 4,931,978
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Property & Casualty Insurance Asurion LLC Term Loan SOFR+4.25% Interest Rate 9.69% Maturity Date 8/19/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10]	4.00%
Investments, Interest Rate	[1],[7],[10]	9.44%
Investments, Maturity Date	[1],[7],[10]	Aug. 19, 2028
Investments, Par Amount	[1],[7],[9],[10]	$ 4,974,684
Investments, Cost	[1],[2],[7],[10]	4,964,549
Investments, Fair Value	[1],[7],[10]	4,914,042
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Research & Consulting Services
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	4,949,901
Investments, Fair Value	[1]	$ 4,905,240
Fair Value as % of Net Assets	[1]	0.84%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Research & Consulting Services Corelogic Inc Term Loan SOFR+3.50% Interest Rate 8.96% Maturity Date 6/2/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[27]	3.50%
Investments, Interest Rate	[1],[7],[8],[10],[27]	8.96%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Jun. 02, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,987,179
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,949,901
Investments, Fair Value	[1],[7],[8],[10],[27]	4,905,240
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Security & Alarm Services
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	5,941,856
Investments, Fair Value	[1]	$ 5,926,438
Fair Value as % of Net Assets	[1]	1.01%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Security & Alarm Services Allied Universal, LLC Term Loan SOFR+3.75% Interest Rate 9.19% Maturity Date 5/14/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[27]	3.75%
Investments, Interest Rate	[1],[7],[8],[10],[27]	9.19%
Investments, Maturity Date	[1],[7],[8],[10],[27]	May 14, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 5,951,912
Investments, Cost	[1],[2],[7],[8],[10],[27]	5,941,856
Investments, Fair Value	[1],[7],[8],[10],[27]	5,926,438
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages
Schedule of Investments [Line Items]
Investments, Cost		14,850,129	[1],[2]	11,003,808	[3]
Investments, Fair Value		$ 14,861,198	[1]	$ 11,012,677	[5]
Fair Value as % of Net Assets		2.53%	[1]	2.72%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Naked Juice LLC Term Loan SOFR+3.25% Interest Rate 8.69% Maturity Date 1/24/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10]	3.25%
Investments, Interest Rate	[1],[7],[8],[10]	8.69%
Investments, Maturity Date	[1],[7],[8],[10]	Jan. 24, 2029
Investments, Par Amount	[1],[7],[8],[9],[10]	$ 3,989,822
Investments, Cost	[1],[2],[7],[8],[10]	3,882,254
Investments, Fair Value	[1],[7],[8],[10]	$ 3,693,697
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Refresh Buyer LLC Delayed Draw Term Loan Maturity Date 12/23/2028
Schedule of Investments [Line Items]
Investments, Maturity Date	[20],[21],[25]			Dec. 23, 2028
Investments, Cost	[3],[20],[21],[25]			$ (27,302)
Investments, Fair Value	[5],[20],[21],[25]			$ (47,820)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Refresh Buyer LLC Term Loan SOFR+5.25% Interest Rate 10.60% Maturity Date 12/23/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			5.25%
Investments, Interest Rate	[12],[25]			10.60%
Investments, Maturity Date	[12],[25]			Dec. 23, 2028
Investments, Par Amount	[12],[14],[25]			$ 11,251,777
Investments, Cost	[3],[12],[25]			11,031,110
Investments, Fair Value	[5],[12],[25]			11,060,497
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Refresh Buyer, LLC Delayed Draw Term Loan Maturity Date 12/23/2028
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[24]	Dec. 23, 2028
Investments, Cost	[1],[2],[7],[18],[24]	$ (24,670)
Investments, Fair Value	[1],[7],[18],[24]	$ (5,626)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Refresh Buyer, LLC Term Loan SOFR+5.50% Interest Rate 10.83% Maturity Date 12/23/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[22],[24]	5.50%
Investments, Interest Rate	[1],[7],[22],[24]	10.83%
Investments, Maturity Date	[1],[7],[22],[24]	Dec. 23, 2028
Investments, Par Amount	[1],[7],[9],[22],[24]	$ 11,195,518
Investments, Cost	[1],[2],[7],[22],[24]	10,992,545
Investments, Fair Value	[1],[7],[22],[24]	11,173,127
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services
Schedule of Investments [Line Items]
Investments, Cost		73,222,209	[1],[2]	71,493,879	[3]
Investments, Fair Value		$ 73,272,108	[1],[4]	$ 71,695,776	[5]
Fair Value as % of Net Assets		12.49%	[1]	17.66%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services COP Foundations Acquisitions Inc. Delayed Draw Term Loan Maturity Date 5/6/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	May 06, 2029
Investments, Cost	[1],[2],[7],[18],[19]	$ (62,337)
Investments, Fair Value	[1],[7],[18],[19]	$ (128,323)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services COP Foundations Acquisitions Inc. Revolving Credit Facility Maturity Date 5/6/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[19]	May 06, 2029
Investments, Cost	[1],[2],[7],[18],[19]	$ (31,133)
Investments, Fair Value	[1],[7],[18],[19]	$ (32,081)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services COP Foundations Acquisitions Inc. Term Loan SOFR+5.00% Interest Rate 10.34% Maturity Date 5/6/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19]	5.00%
Investments, Interest Rate	[1],[7],[19]	10.34%
Investments, Maturity Date	[1],[7],[19]	May 06, 2029
Investments, Par Amount	[1],[7],[9],[19]	$ 5,866,215
Investments, Cost	[1],[2],[7],[19]	5,764,939
Investments, Fair Value	[1],[7],[19]	$ 5,763,556
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Door Pro Buyer, LLC Delayed Draw Term Loan Maturity Date 11/2/2029
Schedule of Investments [Line Items]
Investments, Maturity Date	[12],[20],[21]			Nov. 02, 2029
Investments, Cost	[3],[12],[20],[21]			$ (124,186)
Investments, Fair Value	[5],[12],[20],[21]			$ (254,808)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Door Pro Buyer, LLC Revolving Credit Facility Maturity Date 11/2/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Nov. 02, 2029	[1],[7],[18],[19]	Nov. 02, 2029	[12],[20],[21]
Investments, Cost		$ (75,770)	[1],[2],[7],[18],[19]	$ (82,709)	[3],[12],[20],[21]
Investments, Fair Value		$ (98,526)	[1],[4],[7],[18],[19]	$ (84,936)	[5],[12],[20],[21]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Door Pro Buyer, LLC Term Loan SOFR+6.00% Interest Rate 11.54% Maturity Date 11/2/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.00%
Investments, Interest Rate	[12],[21]			11.54%
Investments, Maturity Date	[12],[21]			Nov. 02, 2029
Investments, Par Amount	[12],[14],[21]			$ 12,570,513
Investments, Cost	[3],[12],[21]			12,260,010
Investments, Fair Value	[5],[12],[21]			$ 12,256,250
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Mustang Prospects Purchaser LLC Delayed Draw Term Loan Maturity Date 06/13/2031
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[24]	Jun. 13, 2031
Investments, Cost	[1],[2],[7],[18],[24]	$ (18,186)
Investments, Fair Value	[1],[4],[7],[18],[24]	$ (36,612)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Mustang Prospects Purchaser LLC Revolving Credit Facility Maturity Date 06/13/2031
Schedule of Investments [Line Items]
Investments, Maturity Date	[1],[7],[18],[24]	Jun. 13, 2031
Investments, Cost	[1],[2],[7],[18],[24]	$ (22,729)
Investments, Fair Value	[1],[4],[7],[18],[24]	$ (22,883)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Mustang Prospects Purchaser LLC Term Loan SOFR+5.00% Interest Rate 10.33% Maturity Date 06/13/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[23],[24]	5.00%
Investments, Interest Rate	[1],[7],[23],[24]	10.33%
Investments, Maturity Date	[1],[7],[24]	Jun. 13, 2031
Investments, Par Amount	[1],[7],[9],[24]	$ 15,560,107
Investments, Cost	[1],[2],[7],[24]	15,404,506
Investments, Fair Value	[1],[4],[7],[24]	$ 15,404,506
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Quick Roofing Acquisition, LLC Delayed Draw Term Loan Maturity Date 12/22/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Dec. 22, 2029	[1],[7],[18],[19]	Dec. 22, 2029	[12],[20],[21]
Investments, Cost		$ (318,834)	[1],[2],[7],[18],[19]	$ (346,420)	[3],[12],[20],[21]
Investments, Fair Value	[5],[12],[20],[21]			$ (347,951)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Quick Roofing Acquisition, LLC Revolving Credit Facility Maturity Date 12/22/2029
Schedule of Investments [Line Items]
Investments, Maturity Date		Dec. 22, 2029	[1],[7],[18],[19]	Dec. 22, 2029	[12],[20],[21]
Investments, Cost		$ (22,874)	[1],[2],[7],[18],[19]	$ (24,888)	[3],[12],[20],[21]
Investments, Fair Value	[5],[12],[20],[21]			$ (25,000)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Quick Roofing Acquisition, LLC Term Loan SOFR+0.0575 Interest Rate 11.21% Maturity Date 12/22/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			5.75%
Investments, Interest Rate	[12],[21]			11.21%
Investments, Maturity Date	[12],[21]			Dec. 22, 2029
Investments, Par Amount	[12],[14],[21]			$ 10,655,738
Investments, Cost	[3],[12],[21]			10,389,935
Investments, Fair Value	[5],[12],[21]			$ 10,389,344
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Quick Roofing Acquisition, LLC Term Loan SOFR+5.75 Interest Rate 11.18% Maturity Date 12/22/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.75%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.18%
Investments, Maturity Date	[1],[7],[19],[22]	Dec. 22, 2029
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 10,602,459
Investments, Cost	[1],[2],[7],[19],[22]	10,353,430
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 10,602,459
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.08% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.75%
Investments, Interest Rate	[1],[7],[18],[19],[23]	11.08%
Investments, Maturity Date	[1],[7],[18],[19]	Oct. 02, 2028
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 5,173,019
Investments, Cost	[1],[2],[7],[18],[19]	4,832,466
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 5,173,019
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[20],[21]			5.75%
Investments, Interest Rate	[12],[20],[21]			11.10%
Investments, Maturity Date	[12],[20],[21]			Oct. 02, 2028
Investments, Par Amount	[12],[14],[20],[21]			$ 3,164,894
Investments, Cost	[3],[12],[20],[21]			2,784,807
Investments, Fair Value	[5],[12],[20],[21]			$ 2,845,872
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Revolving Credit Facility Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Maturity Date	[12],[20],[21]			Oct. 02, 2028
Investments, Cost	[3],[12],[20],[21]			$ (21,422)
Investments, Fair Value	[5],[12],[20],[21]			$ (18,000)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Revolving Credit Facility SOFR+5.75% Interest Rate 11.08% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	5.75%
Investments, Interest Rate	[1],[7],[18],[19],[23]	11.08%
Investments, Maturity Date	[1],[7],[18],[19]	Oct. 02, 2028
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 160,000
Investments, Cost	[1],[2],[7],[18],[19]	140,798
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 160,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Term Loan SOFR+5.75% Interest Rate 11.08% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	5.75%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.08%
Investments, Maturity Date	[1],[7],[19],[22]	Oct. 02, 2028
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 7,638,213
Investments, Cost	[1],[2],[7],[19],[22]	7,486,780
Investments, Fair Value	[1],[4],[7],[19],[22]	$ 7,638,213
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			5.75%
Investments, Interest Rate	[12],[21]			11.10%
Investments, Maturity Date	[12],[21]			Oct. 02, 2028
Investments, Par Amount	[12],[14],[21]			$ 7,676,596
Investments, Cost	[3],[12],[21]			7,508,567
Investments, Fair Value	[5],[12],[21]			$ 7,538,417
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Senske Lawn and Tree Care, LLC Term Loan CDOR+5.50% Interest Rate 10.93% Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			5.50%
Investments, Interest Rate	[12],[25]			10.93%
Investments, Maturity Date	[12],[25]			Dec. 15, 2028
Investments, Par Amount	[12],[14],[25]			$ 21,000,000
Investments, Cost	[3],[12],[25]			15,532,010
Investments, Fair Value	[5],[12],[25]			$ 15,531,489
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Senske Lawn and Tree Care, LLC Term Loan SOFR+5.25% Interest Rate 10.60% Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			5.25%
Investments, Interest Rate	[12],[25]			10.60%
Investments, Maturity Date	[12],[25]			Dec. 15, 2028
Investments, Par Amount	[12],[14],[25]			$ 4,950,000
Investments, Cost	[3],[12],[25]			4,809,404
Investments, Fair Value	[5],[12],[25]			$ 4,920,300
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Senske Lawn and Tree Care, LLC Term Loan SOFR+5.50% Interest Rate 10.85% Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			5.50%
Investments, Interest Rate	[12],[25]			10.85%
Investments, Maturity Date	[12],[25]			Dec. 15, 2028
Investments, Par Amount	[12],[14],[25]			$ 2,743,125
Investments, Cost	[3],[12],[25]			2,690,188
Investments, Fair Value	[5],[12],[25]			$ 2,737,639
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Senske Lawn and Tree Care, LLC Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[25]			5.75%
Investments, Interest Rate	[12],[25]			11.10%
Investments, Maturity Date	[12],[25]			Dec. 15, 2028
Investments, Par Amount	[12],[14],[25]			$ 5,970,000
Investments, Cost	[3],[12],[25]			5,830,442
Investments, Fair Value	[5],[12],[25]			$ 5,958,060
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Spin Holdco Inc Term Loan SOFR+4.00% Interest Rate 9.60% Maturity Date 03/4/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[24]	4.00%
Investments, Interest Rate	[1],[7],[8],[10],[23],[24]	9.60%
Investments, Maturity Date	[1],[7],[8],[10],[24]	Mar. 04, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[24]	$ 4,974,293
Investments, Cost	[1],[2],[7],[8],[10],[24]	4,446,224
Investments, Fair Value	[1],[4],[7],[8],[10],[24]	$ 4,215,713
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services USW Buyer, LLC Delayed Draw Term Loan SOFR+6.25% Interest Rate 11.68% Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[18],[19],[23]	6.25%
Investments, Interest Rate	[1],[7],[18],[19],[23]	11.68%
Investments, Maturity Date	[1],[7],[18],[19]	Nov. 03, 2028
Investments, Par Amount	[1],[7],[9],[18],[19]	$ 8,621,750
Investments, Cost	[1],[2],[7],[18],[19]	8,449,674
Investments, Fair Value	[1],[4],[7],[18],[19]	$ 8,095,106
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services USW Buyer, LLC Delayed Draw Term Loan SOFR+6.25% Interest Rate 11.72% Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[20],[21]			6.25%
Investments, Interest Rate	[12],[20],[21]			11.72%
Investments, Maturity Date	[12],[20],[21]			Nov. 03, 2028
Investments, Par Amount	[12],[14],[20],[21]			$ 5,650,000
Investments, Cost	[3],[12],[20],[21]			5,487,134
Investments, Fair Value	[5],[12],[20],[21]			$ 5,408,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services USW Buyer, LLC Term Loan SOFR+6.25% Interest Rate 11.68% Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[22],[23]	6.25%
Investments, Interest Rate	[1],[7],[19],[22],[23]	11.68%
Investments, Maturity Date	[1],[7],[19],[22]	Nov. 03, 2028
Investments, Par Amount	[1],[7],[9],[19],[22]	$ 4,925,000
Investments, Cost	[1],[2],[7],[19],[22]	4,789,929
Investments, Fair Value	[1],[4],[7],[19],[22]	4,688,600
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services USW Buyer, LLC Term Loan SOFR+6.25% Interest Rate 11.82% Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			6.25%
Investments, Interest Rate	[12],[21]			11.82%
Investments, Maturity Date	[12],[21]			Nov. 03, 2028
Investments, Par Amount	[12],[14],[21]			$ 4,950,000
Investments, Cost	[3],[12],[21]			4,801,007
Investments, Fair Value	[5],[12],[21]			4,841,100
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Finance
Schedule of Investments [Line Items]
Investments, Cost		9,504,731	[1],[2]	9,484,735	[3]
Investments, Fair Value		$ 9,726,131	[1],[4]	$ 9,925,000	[5]
Fair Value as % of Net Assets		1.66%	[1]	2.45%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Finance WH Borrower LLC Term Loan SOFR+5.50% Interest Rate 10.82% Maturity Date 2/15/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[23],[27]	5.50%
Investments, Interest Rate	[1],[7],[23],[27]	10.82%
Investments, Maturity Date	[1],[7],[27]	Feb. 15, 2027
Investments, Par Amount	[1],[7],[9],[27]	$ 9,924,623
Investments, Cost	[1],[2],[7],[27]	9,504,731
Investments, Fair Value	[1],[4],[7],[27]	9,726,131
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Finance WH Borrower LLC Term Loan SOFR+5.50% Interest Rate 10.89% Maturity Date 2/15/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[26]			5.50%
Investments, Interest Rate	[12],[26]			10.89%
Investments, Maturity Date	[12],[26]			Feb. 15, 2027
Investments, Par Amount	[12],[14],[26]			$ 9,974,874
Investments, Cost	[3],[12],[26]			9,484,735
Investments, Fair Value	[5],[12],[26]			9,925,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialty Chemicals
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	4,892,402
Investments, Fair Value	[1],[4]	$ 4,850,410
Fair Value as % of Net Assets	[1]	0.83%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialty Chemicals Aruba Investment Holdings LLC Term Loan SOFR+4.00% Interest Rate 9.44% Maturity Date 11/24/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[24]	4.00%
Investments, Interest Rate	[1],[7],[8],[10],[23],[24]	9.44%
Investments, Maturity Date	[1],[7],[8],[10],[24]	Nov. 24, 2027
Investments, Par Amount	[1],[7],[8],[9],[10],[24]	$ 997,436
Investments, Cost	[1],[2],[7],[8],[10],[24]	990,030
Investments, Fair Value	[1],[4],[7],[8],[10],[24]	$ 988,289
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialty Chemicals Herens US Holdco Corp Term Loan SOFR+3.93% Interest Rate 9.36% Maturity Date 7/3/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[24]	3.93%
Investments, Interest Rate	[1],[7],[8],[10],[23],[24]	9.36%
Investments, Maturity Date	[1],[7],[8],[10],[24]	Jul. 03, 2028
Investments, Par Amount	[1],[7],[8],[9],[10],[24]	$ 3,990,000
Investments, Cost	[1],[2],[7],[8],[10],[24]	3,902,372
Investments, Fair Value	[1],[4],[7],[8],[10],[24]	3,862,121
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt System Software
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	4,981,076
Investments, Fair Value	[1],[4]	$ 4,975,639
Fair Value as % of Net Assets	[1]	0.85%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt System Software Mcafe Corp Term Loan SOFR+3.25% Interest Rate 8.58% Maturity Date 3/1/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	3.25%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	8.58%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Mar. 01, 2029
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 4,987,310
Investments, Cost	[1],[2],[7],[8],[10],[27]	4,981,076
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	4,975,639
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Trading Companies & Distributors
Schedule of Investments [Line Items]
Investments, Cost		18,009,610	[1],[2]	6,382,563	[3]
Investments, Fair Value		$ 18,064,708	[1],[4]	$ 6,441,630	[5]
Fair Value as % of Net Assets		3.07%	[1]	1.59%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Trading Companies & Distributors Belt Power Holdings LLC One Term Loan SOFR+6.00% Interest Rate 11.48% Maturity Date 8/22/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[19],[23]	6.00%
Investments, Interest Rate	[1],[19],[23]	11.48%
Investments, Maturity Date	[1],[19]	Aug. 22, 2028
Investments, Par Amount	[1],[9],[19]	$ 1,729,191
Investments, Cost	[1],[2],[19]	1,695,051
Investments, Fair Value	[1],[4],[19]	$ 1,725,732
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Trading Companies & Distributors Belt Power Holdings LLC Term Loan SOFR+5.50% Interest Rate 11.00% Maturity Date 8/22/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[12],[21]			5.50%
Investments, Interest Rate	[12],[21]			11.00%
Investments, Maturity Date	[12],[21]			Aug. 22, 2028
Investments, Par Amount	[12],[14],[21]			$ 6,467,500
Investments, Cost	[3],[12],[21]			6,382,563
Investments, Fair Value	[5],[12],[21]			6,441,630
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Trading Companies & Distributors Belt Power Holdings LLC Term Loan SOFR+6.00% Interest Rate 11.48% Maturity Date 8/22/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[23]	6.00%
Investments, Interest Rate	[1],[23]	11.48%
Investments, Maturity Date	[1]	Aug. 22, 2028
Investments, Par Amount	[1],[9]	$ 6,435,000
Investments, Cost	[1],[2]	6,359,615
Investments, Fair Value	[1],[4]	6,422,130
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Transaction & Payment Processing Services
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	9,476,715
Investments, Fair Value	[1],[4]	$ 9,454,875
Fair Value as % of Net Assets	[1]	1.61%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Money Market Mutual Funds
Schedule of Investments [Line Items]
Investments, Cost		$ 119,443	[1],[2]	15,328,417	[3]
Investments, Fair Value		$ 119,443	[1],[4]	$ 15,328,417	[5]
Fair Value as % of Net Assets		0.02%	[1]	3.78%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Money Market Mutual Funds Mutual Funds
Schedule of Investments [Line Items]
Investments, Cost		$ 119,443	[1],[2]	$ 15,328,417	[3]
Investments, Fair Value		$ 119,443	[1],[4]	$ 15,328,417	[5]
Fair Value as % of Net Assets		0.02%	[1]	3.78%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Money Market Mutual Funds Mutual Funds State Street Institutional Treasury Plus Money Market Fund - 5.17% Investor Class Units
Schedule of Investments [Line Items]
Investments, Interest Rate		5.17%
Investments, Par Amount	[1],[9],[10],[28],[29]	$ 119,443
Investments, Cost	[1],[2],[10],[28],[29]	119,443
Investments, Fair Value	[1],[4],[10],[28],[29]	119,443
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Money Market Mutual Funds Mutual Funds State Street Institutional Treasury Plus Money Market Fund - Investor Class, 5.23%
Schedule of Investments [Line Items]
Investments, Par Amount	[14],[15],[30]			$ 15,328,417
Investments, Cost	[3],[15],[30]			15,328,417
Investments, Fair Value	[5],[15],[30]			15,328,417
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Second Lien Debt
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	9,621,642
Investments, Fair Value	[1],[4]	$ 9,236,750
Fair Value as % of Net Assets	[1]	1.57%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Second Lien Debt Property & Casualty Insurance
Schedule of Investments [Line Items]
Investments, Cost	[1],[2]	$ 9,621,642
Investments, Fair Value	[1],[4]	$ 9,236,750
Fair Value as % of Net Assets	[1]	1.57%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Second Lien Debt Property & Casualty Insurance Asurion, LLC Term Loan SOFR+5.25% Interest Rate 10.71% Maturity Date 1/20/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	5.25%
Investments, Interest Rate	[1],[7],[10],[23]	10.71%
Investments, Maturity Date	[1],[7],[10]	Jan. 20, 2029
Investments, Par Amount	[1],[7],[9],[10]	$ 5,000,000
Investments, Cost	[1],[2],[7],[10]	4,779,506
Investments, Fair Value	[1],[4],[7],[10]	$ 4,598,450
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Second Lien Debt Property & Casualty Insurance Asurion, LLC Term Loan SOFR+5.25% Interest Rate 10.71% Maturity Date 1/31/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	5.25%
Investments, Interest Rate	[1],[7],[10],[23]	10.71%
Investments, Maturity Date	[1],[7],[10]	Jan. 31, 2028
Investments, Par Amount	[1],[7],[9],[10]	$ 5,000,000
Investments, Cost	[1],[2],[7],[10]	4,842,136
Investments, Fair Value	[1],[4],[7],[10]	$ 4,638,300
Investment, Identifier [Axis]: Investments Investments - non-controlled /non-affiliate First Lien Debt Environmental & Facilities Service Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.22% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[19],[23]	6.75%
Investments, Interest Rate	[1],[7],[19],[23]	12.22%
Investments, Maturity Date	[1],[7],[19]	Feb. 07, 2028
Investments, Par Amount	[1],[7],[9],[19]	$ 10,396,982
Investments, Cost	[1],[2],[7],[19]	10,129,224
Investments, Fair Value	[1],[4],[7],[19]	$ 10,396,982
Investment, Identifier [Axis]: Investments Investments - non-controlled non-affiliate First Lien Debt Trading Companies & Distributors Foundation Building Materials Inc Term Loan SOFR+4.00% Interest Rate 9.33% Maturity Date 1/29/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[10],[23]	4.00%
Investments, Interest Rate	[1],[7],[10],[23]	9.33%
Investments, Maturity Date	[1],[7],[10]	Jan. 29, 2031
Investments, Par Amount	[1],[7],[9],[10]	$ 9,975,000
Investments, Cost	[1],[2],[7],[10]	9,954,944
Investments, Fair Value	[1],[4],[7],[10]	$ 9,916,846
Investment, Identifier [Axis]: Investments Investments - non-controlled non-affiliate First Lien Debt Transaction & Payment Processing Services MoneyGram International Inc Term Loan SOFR+4.75% Interest Rate 10.08% Maturity Date 6/3/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	[1],[7],[8],[10],[23],[27]	4.75%
Investments, Interest Rate	[1],[7],[8],[10],[23],[27]	10.08%
Investments, Maturity Date	[1],[7],[8],[10],[27]	Jun. 03, 2030
Investments, Par Amount	[1],[7],[8],[9],[10],[27]	$ 9,500,000
Investments, Cost	[1],[2],[7],[8],[10],[27]	9,476,715
Investments, Fair Value	[1],[4],[7],[8],[10],[27]	$ 9,454,875
Investment, Identifier [Axis]: Total Investment Portfolio
Schedule of Investments [Line Items]
Investments, Cost	[3]			524,521,191
Investments, Fair Value	[5]			$ 531,466,625
Fair Value as % of Net Assets				130.98%

[1] All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted.

[2] All debt investments are shown at amortized cost. All equity investments are shown at identified cost

[3] All debt investments are shown at amortized cost. All equity investments are shown at identified cost.

[4] Unless otherwise indicated, investments were valued using unobservable inputs and are considered Level 3 investments.

[5] Unless otherwise indicated, these investments were valued using unobservable inputs and are considered Level 3 investments.

[6] Affiliated fund. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, the Fund's financial statements are available on the SEC's website or upon request.

[7] Security or portion of the security is pledged as collateral for JPMorgan Lending Facility

[8] The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Fund may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Fund’s total assets. As of June 30, 2024, non-qualifying assets amounted to $179,595,562 which represents 18.3% of total assets as calculated in accordance with regulatory requirements.

[9] The total par amount is presented for debt investments and the number of shares or units owned is presented for equity investments.

[10] These investments were not valued using unobservable inputs and are not considered Level 3 investments.

[11] Affiliated fund. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, the Fund's financial statements are available on the SEC's website or upon request.

[12] Security or portion of the security is pledged as collateral for JPMorgan Lending Facility.

[13] The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Fund may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Fund’s total assets. As of December 31, 2023, non-qualifying assets represented 14.4% of total assets as calculated in accordance with regulatory requirements.

[14] The total par amount is presented for debt investments and the number of shares or units owned is presented for equity investments.

[15] These investments were not valued using unobservable inputs and are not considered Level 3 investments.

[16] Restricted securities (including private placements) – Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $4,701,979 or 0.8% of net assets.

[17] Restricted securities (including private placements) – Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $2,240,826 or 0.6% of net assets. Additional information on each restricted holding is as follows:

[18] Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative amortized cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. Negative fair value is the result of the unfunded commitment being valued below par and/or the capitalized discount on the loan. The unfunded loan commitment may be subject to a commitment termination date and may expire prior to the maturity date stated. See Notes to Financial Statements for more information on the Fund's unfunded commitments.

[19] The interest rate floor on these investments as of June 30, 2024 was 1.00%

[20] Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative cost and fair value results from unamortized fees, which are capitalized to the investment cost. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. See Notes to Consolidated Financial Statements for more information on the Fund’s unfunded commitments. The accompanying notes are an integral part of these consolidated financial statements

[21] The interest rate floor on these investments as of December 31, 2023 was 1.00%.

[22] Security or portion of the security is pledged as collateral for BNP Lending Facility

[23] Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to Secured Overnight Funds Rate (SOFR), which reset monthly, quarterly, or semi-annually. For each loan, the Fund has indicated the reference rate used and provided the spread and the interest rate in effect as of June 30, 2024.

[24] The interest rate floor on these investments as of June 30, 2024 was 0.75%.

[25] The interest rate floor on these investments as of December 31, 2023 was 0.75%.

[26] The interest rate floor on these investments as of December 31, 2023 was 0.50%.

[27] The interest rate floor on these investments as of June 30, 2024 was 0.50%

[28] Security is classified as a short-term security.

[29] The rate quoted is the annualized seven-day yield of the fund at period end.

[30] The rate quoted is the annualized seven-day yield of the Fund at period end.

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Consolidated Schedule of Investments (Parenthetical) - USD ($)		6 Months Ended		12 Months Ended
		Jun. 30, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Investments, Interest Rate				5.23%
Non-qualifying assets represented		18.30%		14.40%
Investment at Fair Value		$ 917,040,383		$ 531,466,625
Percentage of assets in investment		156.40%		130.90%
Investment, Identifier [Axis]: Investment Portfolio
Schedule of Investments [Line Items]
Investment at Fair Value		$ 917,040,383
Percentage of assets in investment		156.41%
Investments, Cost		$ 909,474,004
Investment, Identifier [Axis]: Investments Investments - non-controlled / affiliate
Schedule of Investments [Line Items]
Investment at Fair Value		$ 25,822,455	[1],[2]	$ 24,795,483	[3]
Percentage of assets in investment		4.40%	[1]	6.11%
Investments, Cost		$ 25,613,606	[1],[4]	$ 24,436,874	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / affiliate Fixed Income Mutual Funds
Schedule of Investments [Line Items]
Investment at Fair Value		$ 25,822,455	[1],[2]	$ 24,795,483	[3]
Percentage of assets in investment		4.40%	[1]	6.11%
Investments, Cost		$ 25,613,606	[1],[4]	$ 24,436,874	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / affiliate Fixed Income Mutual Funds Mutual Funds
Schedule of Investments [Line Items]
Investment at Fair Value		$ 25,822,455	[1],[2]	$ 24,795,483	[3]
Percentage of assets in investment		4.40%	[1]	6.11%
Investments, Cost		$ 25,613,606	[1],[4]	$ 24,436,874	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / affiliate Fixed Income Mutual Funds Mutual Funds Fidelity Floating Rate Central Fund Mutual Fund
Schedule of Investments [Line Items]
Investment at Fair Value		25,822,455	[1],[2],[6],[7],[8],[9]	24,795,483	[3],[10],[11],[12],[13]
Investments, Cost		25,613,606	[1],[4],[6],[7],[8],[9]	24,436,874	[5],[10],[11],[12],[13]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate
Schedule of Investments [Line Items]
Investment at Fair Value		$ 891,217,928	[1],[2]	$ 506,671,142	[3]
Percentage of assets in investment		152.01%	[1]	124.87%
Investments, Cost		$ 883,860,398	[1],[4]	$ 500,084,317	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity
Schedule of Investments [Line Items]
Investment at Fair Value		$ 4,701,979	[1],[2]	$ 2,240,826	[3]
Percentage of assets in investment		0.80%	[1]	0.57%
Investments, Cost		$ 4,239,476	[1],[4]	$ 2,002,315	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Diversified Support Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 759,023	[1],[2]	$ 439,040	[3]
Percentage of assets in investment		0.13%	[1]	0.11%
Investments, Cost		$ 220,070	[1],[4]	$ 220,070	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Diversified Support Services Air Control Concepts Holdings, L.P Class A-1 Units
Schedule of Investments [Line Items]
Investment at Fair Value		759,023	[1],[2],[8],[14]	439,040	[3],[12],[15]
Investments, Cost		220,070	[1],[4],[8],[14]	220,070	[5],[12],[15]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Food Distributors
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 201,270
Percentage of assets in investment	[1]	0.03%
Investments, Cost	[1],[4]	$ 201,269
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Food Distributors MFI Group Holdings, LLC Class A Units
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[14]	201,270
Investments, Cost	[1],[4],[14]	201,269
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Health Care Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 491,400
Percentage of assets in investment		0.08%
Investments, Cost		$ 562,500
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Health Care Services Tiger Healthcare Holdings, LLC Class A Interest
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[7],[14]	491,400
Investments, Cost	[1],[4],[7],[14]	562,500
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Human Resource & Employment Services
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 124,002
Percentage of assets in investment	[1]	0.02%
Investments, Cost	[1],[4]	$ 200,002
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Human Resource & Employment Services FCA Partners LLC Common Units
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[8],[14]	2
Investments, Cost	[1],[4],[8],[14]	2
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Human Resource & Employment Services FCA Partners LLC One Class A Preferred Units
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[8],[14]	124,000
Investments, Cost	[1],[4],[8],[14]	200,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Industrial Machinery & Supplies & Components
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 950,291
Percentage of assets in investment	[1]	0.16%
Investments, Cost	[1],[4]	$ 906,752
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Industrial Machinery & Supplies & Components Endurance PT Technology Holdings LLC Common Units
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[14]	80,210
Investments, Cost	[1],[4],[7],[14]	46,374
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Industrial Machinery & Supplies & Components Endurance PT Technology Holdings LLC One Preferred Units
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[14]	427,070
Investments, Cost	[1],[4],[7],[14]	417,367
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Industrial Machinery & Supplies & Components MoboTrex Ultimate Holdings, LLC Class A-2 Units
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[14]	443,011
Investments, Cost	[1],[4],[14]	443,011
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Life Sciences Tools & Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 587,838	[1],[2]	$ 593,716	[3]
Percentage of assets in investment		0.10%	[1]	0.15%
Investments, Cost		$ 588,357	[1],[4]	$ 588,357	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Life Sciences Tools & Services WCI-BXC Investment Holdings LP Equity Interest
Schedule of Investments [Line Items]
Investment at Fair Value		587,838	[1],[2],[7],[8],[14]	593,716	[3],[11],[12],[15]
Investments, Cost		588,357	[1],[4],[7],[8],[14]	588,357	[5],[11],[12],[15]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Life Specialized Consumer Services COP Foundations Investment, LLC Class A Units
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[14]	381,304
Investments, Cost	[1],[4],[7],[14]	366,638
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Packaged Foods & Meats
Schedule of Investments [Line Items]
Investment at Fair Value		$ 443,680	[1],[2]	$ 435,635	[3]
Percentage of assets in investment		0.08%	[1]	0.11%
Investments, Cost		$ 427,914	[1],[4]	$ 427,914	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Packaged Foods & Meats CCI Prime Holdings, LLC Series A Preferred Units
Schedule of Investments [Line Items]
Investment at Fair Value		443,680	[1],[2],[14]	435,635	[3]
Investments, Cost		427,914	[1],[4],[14]	427,914	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Specialized Consumer Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 1,144,475	[1],[2]	$ 772,435	[3]
Percentage of assets in investment		0.20%	[1]	0.20%
Investments, Cost		$ 1,132,612	[1],[4]	$ 765,974	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Specialized Consumer Services Door Pro Holdings LLC Equity Interest
Schedule of Investments [Line Items]
Investment at Fair Value		183,499	[1],[2],[7],[14]	346,205	[3],[11]
Investments, Cost		339,744	[1],[4],[7],[14]	339,744	[5],[11]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Equity Specialized Consumer Services Quick Roofing Acquisition, LLC Class A Interest
Schedule of Investments [Line Items]
Investment at Fair Value		579,672	[1],[2],[7],[14]	426,230	[3],[11],[12],[15]
Investments, Cost		426,230	[1],[4],[7],[14]	426,230	[5],[11],[12],[15]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt
Schedule of Investments [Line Items]
Investment at Fair Value				$ 489,101,899
Percentage of assets in investment				120.52%
Investments, Cost				$ 482,753,585
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 877,159,756
Percentage of assets in investment	[1]	149.62%
Investments, Cost	[1],[4]	$ 869,879,837
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Advertising
Schedule of Investments [Line Items]
Investment at Fair Value		$ 8,461,729	[1],[2]	$ 8,335,473	[3]
Percentage of assets in investment		1.44%	[1]	2.05%
Investments, Cost		$ 8,252,302	[1],[4]	$ 8,274,513	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Advertising MMGY Global LLC Revolving Credit Facility Maturity Date 4/25/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(32,709)
Investments, Cost		$ (40,421)	[1],[4],[7],[18],[19]	$ (44,507)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Advertising MMGY Global LLC Term Loan SOFR+5.75% Interest Rate 11.23% Maturity Date 4/25/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.23%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 8,461,729
Investments, Cost	[1],[4],[7],[19],[20]	8,292,723
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Advertising MMGY Global LLC Term Loan SOFR+6.00% Interest Rate 11.50% Maturity Date 4/25/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.50%
Investment at Fair Value	[3],[11],[17]			$ 8,368,182
Investments, Cost	[5],[11],[17]			8,319,020
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense
Schedule of Investments [Line Items]
Investment at Fair Value		$ 23,790,784	[1],[2]	$ 8,760,151	[3]
Percentage of assets in investment		4.06%	[1]	2.16%
Investments, Cost		$ 23,452,436	[1],[4]	$ 8,542,684	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. One Term Loan SOFR+5.00% Interest Rate 10.44% Maturity Date 5/3/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	10.44%
Investment at Fair Value	[1],[2],[7],[19]	$ 1,323,258
Investments, Cost	[1],[4],[7],[19]	$ 1,306,636
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Revolving Credit Facility SOFR+5.00% Interest Rate 10.42% Maturity Date 5/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	10.42%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 754,351
Investments, Cost	[1],[4],[7],[18],[19]	$ 734,219
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Revolving Credit Facility SOFR+6.75% Interest Rate 12.26% Maturity Date 5/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[16],[17]			12.26%
Investment at Fair Value	[3],[11],[16],[17]			$ 265,667
Investments, Cost	[5],[11],[16],[17]			$ 240,521
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Term Loan SOFR+5.00% Interest Rate 10.44% Maturity Date 5/3/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	10.44%
Investment at Fair Value	[1],[2],[7],[19]	$ 7,111,528
Investments, Cost	[1],[4],[7],[19]	6,971,370
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Term Loan SOFR+6.00% Interest Rate 11.47% Maturity Date 5/3/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.47%
Investment at Fair Value	[3],[11],[17]			$ 1,311,177
Investments, Cost	[5],[11],[17]			$ 1,311,229
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Cadence - Southwick, Inc. Term Loan SOFR+6.75% Interest Rate 12.24% Maturity Date 5/3/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.24%
Investment at Fair Value	[3],[11],[17]			$ 7,183,307
Investments, Cost	[5],[11],[17]			6,990,934
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Neptune Platform Buyer, LLC Delayed Draw Term Loan Maturity Date 1/20/2031
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[22]	(17,143)
Investments, Cost	[1],[4],[7],[18],[22]	$ (30,224)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Aerospace & Defense Neptune Platform Buyer, LLC Term Loan SOFR+5.25% Interest Rate 10.58% Maturity Date 1/20/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[20],[21],[22]	10.58%
Investment at Fair Value	[1],[2],[7],[20],[22]	$ 14,618,790
Investments, Cost	[1],[4],[7],[20],[22]	14,470,435
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics
Schedule of Investments [Line Items]
Investment at Fair Value		$ 13,060,469	[1],[2]	$ 14,669,600	[3]
Percentage of assets in investment		2.23%	[1]	3.61%
Investments, Cost		$ 14,741,142	[1],[4]	$ 14,768,121	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics R1 Holdings Merger Sub, LLC Term Loan SOFR+6.25% Interest Rate 11.59% Maturity Date 12/29/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.59%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 5,328,569
Investments, Cost	[1],[4],[7],[19],[20]	$ 5,170,150
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics R1 Holdings Merger Sub, LLC Term Loan SOFR+6.25% Interest Rate 11.72% Maturity Date 12/29/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.72%
Investment at Fair Value	[3],[11],[17]			$ 5,366,350
Investments, Cost	[5],[11],[17]			$ 5,181,771
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics STG Logistics Inc Term Loan SOFR+6.00% Interest Rate 11.48% Maturity Date 3/24/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.48%
Investment at Fair Value	[1],[2],[7],[19]	$ 7,731,900
Investments, Cost	[1],[4],[7],[19]	9,570,992
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Air Freight & Logistics STG Logistics Inc Term Loan SOFR+6.00% Interest Rate 11.50% Maturity Date 3/24/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			11.50%
Investment at Fair Value	[3],[11],[23]			$ 9,303,250
Investments, Cost	[5],[11],[23]			9,586,350
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software
Schedule of Investments [Line Items]
Investment at Fair Value		$ 133,676,108	[1],[2]	$ 103,135,387	[3]
Percentage of assets in investment		22.78%	[1]	25.42%
Investments, Cost		$ 131,221,417	[1],[4]	$ 101,849,045	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Delayed Draw Term Loan Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(121,063)
Investments, Cost	[5],[11],[16],[17]			(123,144)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Delayed Draw Term Loan SOFR+5.25% Interest Rate 10.58% Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	10.58%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 3,811,917
Investments, Cost	[1],[4],[7],[18],[19]	$ 3,653,212
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Revolving Credit Facility Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(13,000)
Investments, Cost	[5],[11],[16],[17]			$ (26,408)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Revolving Credit Facility SOFR+5.25% Interest Rate 10.57% Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	10.57%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 122,500
Investments, Cost	[1],[4],[7],[18],[19]	$ 98,341
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Term Loan SOFR+5.25% Interest Rate 10.55% Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.55%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 17,101,563
Investments, Cost	[1],[4],[7],[19],[20]	16,674,584
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Avenu Buyer, LLC Term Loan SOFR+6.25% Interest Rate 11.64% Maturity Date 10/2/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.64%
Investment at Fair Value	[3],[11],[17]			$ 16,964,063
Investments, Cost	[5],[11],[17]			16,724,267
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Falcon Buyer, Inc. Revolving Credit Facility Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(14,000)
Investments, Cost		$ (25,542)	[1],[4],[7],[18],[19]	$ (27,997)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Falcon Buyer, Inc. Term Loan SOFR+5.50% Interest Rate 10.80% Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.80%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 21,117,437
Investments, Cost	[1],[4],[7],[19],[20]	$ 20,549,401
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software ACP Falcon Buyer, Inc. Term Loan SOFR+6.50% Interest Rate 11.85% Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.85%
Investment at Fair Value	[3],[11],[17]			$ 20,926,425
Investments, Cost	[5],[11],[17]			$ 20,606,943
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Applied Sys Inc Term Loan SOFR+3.50% Interest Rate 8.83% Maturity Date 2/24/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	8.83%
Investment at Fair Value	[1],[2],[7],[9]	$ 7,560,233
Investments, Cost	[1],[4],[7],[9]	$ 7,489,252
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Applied Sys Inc Term Loan SOFR+4.50% Interest Rate 9.85% Maturity Date 9/19/2026
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[13],[24]			9.85%
Investment at Fair Value	[3],[11],[12],[13],[24]			$ 7,507,490
Investments, Cost	[5],[11],[12],[13],[24]			$ 7,525,207
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Aptean, Inc Delayed Draw Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 1/30/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[21],[22]	10.59%
Investment at Fair Value	[1],[2],[7],[18],[22]	$ 69,068
Investments, Cost	[1],[4],[7],[18],[22]	62,072
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Aptean, Inc Revolving Credit Facility Maturity Date 1/30/2031
Schedule of Investments [Line Items]
Investments, Cost	[1],[4],[7],[18],[22]	$ (6,847)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Aptean, Inc. Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 1/30/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[20],[22]	10.59%
Investment at Fair Value	[1],[2],[7],[20],[22]	$ 7,852,600
Investments, Cost	[1],[4],[7],[20],[22]	$ 7,778,767
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. Term Loan Interest SOFR+6.75% Interest Rate 12.08% Maturity Date 12/9/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	12.08%
Investment at Fair Value	[1],[2],[7],[19]	$ 27,067,373
Investments, Cost	[1],[4],[7],[19]	$ 26,690,455
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. Term Loan SOFR+6.75% Interest Rate 12.11% Maturity Date 12/9/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.11%
Investment at Fair Value	[3],[11],[17]			$ 26,713,729
Investments, Cost	[5],[11],[17]			$ 26,660,737
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. Term Loan SOFR+7.25% Interest Rate 12.58% Maturity Date 12/9/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	12.58%
Investment at Fair Value	[1],[2],[7],[19]	$ 5,112,543
Investments, Cost	[1],[4],[7],[19]	$ 4,951,345
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Atlas AU Bidco Pty Ltd / Atlas US Finco, Inc. Term Loan SOFR+7.25% Interest Rate 12.61% Maturity Date 12/9/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.61%
Investment at Fair Value	[3],[11],[17]			$ 5,138,234
Investments, Cost	[5],[11],[17]			$ 4,939,299
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software DH Corporation/Société DH Pro Buyer, LLC Term Loan SOFR+7.25% Interest Rate 12.46% Maturity Date 9/13/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[19],[21]	12.46%
Investment at Fair Value	[1],[2],[7],[8],[19]	$ 253,844
Investments, Cost	[1],[4],[7],[8],[19]	$ 249,273
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software DH Corporation/Société DH Term Loan SOFR+7.25% Interest Rate 12.71% Maturity Date 9/13/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[17]			12.71%
Investment at Fair Value	[3],[11],[12],[17]			$ 252,445
Investments, Cost	[5],[11],[12],[17]			$ 249,568
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Dcert Buyer Inc Term Loan SOFR+4.00% Interest Rate 9.34% Maturity Date 10/16/2026
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	9.34%
Investment at Fair Value	[1],[2],[7],[9]	$ 4,842,413
Investments, Cost	[1],[4],[7],[9]	$ 4,964,382
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Finastra USA Inc Term Loan SOFR+7.25% Interest Rate 12.71% Maturity Date 9/13/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[17]			12.71%
Investment at Fair Value	[3],[11],[12],[17]			$ 10,809,228
Investments, Cost	[5],[11],[12],[17]			$ 10,686,030
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Finastra Usa Inc Term Loan SOFR+7.25% Interest Rate 12.46% Maturity Date 9/13/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[19],[21]	12.46%
Investment at Fair Value	[1],[2],[7],[8],[19]	$ 10,869,158
Investments, Cost	[1],[4],[7],[8],[19]	$ 10,673,402
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software MH Sub I LLC Term Loan SOFR+4.25% Interest Rate 9.59% Maturity Date 5/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	9.59%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,979,108
Investments, Cost	[1],[4],[7],[8],[9],[25]	$ 4,936,704
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Modena Buyer LLC Term Loan SOFR+4.50% Interest Rate 9.83% Maturity Date 7/1/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21]	9.83%
Investment at Fair Value	[1],[2],[7],[8],[9]	$ 2,899,576
Investments, Cost	[1],[4],[7],[8],[9]	$ 2,945,625
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Polaris Newco LLC Term Loan SOFR+4.00% Interest Rate 9.59% Maturity Date 6/2/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	9.59%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,969,599
Investments, Cost	[1],[4],[7],[8],[9],[25]	$ 4,887,805
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Prism Parent Co Inc. Term Loan SOFR+5.00% Interest Rate 10.34% Maturity Date 9/16/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[21],[22]	10.34%
Investment at Fair Value	[1],[2],[7],[22]	$ 5,107,176
Investments, Cost	[1],[4],[7],[22]	$ 4,956,081
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software Prism Parent Co Inc. Term Loan SOFR+5.75% Interest Rate 11.11% Maturity Date 9/16/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			11.11%
Investment at Fair Value	[3],[11],[23]			$ 5,081,836
Investments, Cost	[5],[11],[23]			$ 4,967,252
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software User Zoom Technologies, Inc Term Loan SOFR+7.50% Interest Rate 12.81% Maturity Date 4/5/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	12.81%
Investment at Fair Value	[1],[2],[7],[19]	$ 9,940,000
Investments, Cost	[1],[4],[7],[19]	9,693,105
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Application Software User Zoom Technologies, Inc Term Loan SOFR+7.50% Interest Rate 12.99% Maturity Date 4/5/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.99%
Investment at Fair Value	[3],[11],[17]			$ 9,890,000
Investments, Cost	[5],[11],[17]			9,667,291
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Asset Management & Custody Banks
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 1,182,059
Percentage of assets in investment	[1]	0.20%
Investments, Cost	[1],[4]	$ 1,182,059
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Asset Management & Custody Banks GTCR Everest Borrower LLC Term Loan SOFR+3.00% Interest Rate 8.34% Maturity Date 6/3/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	8.34%
Investment at Fair Value	[1],[2],[7],[9]	$ 1,182,059
Investments, Cost	[1],[4],[7],[9]	1,182,059
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment
Schedule of Investments [Line Items]
Investment at Fair Value		$ 19,059,625	[1],[2]	$ 19,534,163	[3]
Percentage of assets in investment		3.25%	[1]	4.82%
Investments, Cost		$ 19,365,659	[1],[4]	$ 19,401,019	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment American Trailer Rental Group, LLC One Term Loan SOFR+5.75% Interest Rate 11.23% Maturity Date 6/1/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[19],[21]	11.23%
Investment at Fair Value	[1],[2],[19]	$ 4,773,925
Investments, Cost	[1],[4],[19]	$ 4,861,263
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment American Trailer Rental Group, LLC Term Loan SOFR+5.75% Interest Rate 11.23% Maturity Date 6/1/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.23%
Investment at Fair Value	[1],[2],[7],[19]	$ 14,285,700
Investments, Cost	[1],[4],[7],[19]	$ 14,504,396
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment American Trailer Rental Group, LLC Term Loan SOFR+5.75% Interest Rate 11.25% Maturity Date 6/1/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.25%
Investment at Fair Value	[3],[11],[17]			$ 14,641,425
Investments, Cost	[5],[11],[17]			$ 14,529,819
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Automotive Parts & Equipment American Trailer Rental Group, LLC Term Loan SOFR+5.75% Interest Rate 11.25% Maturity Date 6/1/2027 One
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.25%
Investment at Fair Value	[3],[11],[17]			$ 4,892,738
Investments, Cost	[5],[11],[17]			4,871,200
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products
Schedule of Investments [Line Items]
Investment at Fair Value	[3]			$ 6,194,285
Percentage of assets in investment				1.53%
Investments, Cost	[5]			$ 6,044,231
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Copperweld Group, Inc Term Loan SOFR+6.00% Interest Rate 11.60% Maturity Date 3/31/2026
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.60%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 6,131,641
Investments, Cost	[1],[4],[7],[19],[20]	$ 6,050,590
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Copperweld Group, Inc. Term Loan SOFR+6.00% Interest Rate 11.61% Maturity Date 3/31/2026
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.61%
Investment at Fair Value	[3],[11],[17]			$ 6,194,285
Investments, Cost	[5],[11],[17]			6,044,231
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Hunter Douglas Inc Term Loan SOFR+3.50% Interest Rate 8.84% Maturity Date 2/25/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	8.84%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,926,664
Investments, Cost	[1],[4],[7],[8],[9],[25]	4,947,258
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Oscar AcquisitionCo, LLC
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 16,026,770
Percentage of assets in investment	[1]	2.74%
Investments, Cost	[1],[4]	$ 15,969,678
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Building Products Oscar AcquisitionCo, LLC Term Loan SOFR+4.25% Interest Rate 9.58% Maturity Date 4/29/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	9.58%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,968,465
Investments, Cost	[1],[4],[7],[8],[9],[25]	4,971,830
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals
Schedule of Investments [Line Items]
Investment at Fair Value		$ 8,622,953	[1],[2]	$ 8,568,747	[3]
Percentage of assets in investment		1.47%	[1]	2.12%
Investments, Cost		$ 8,465,156	[1],[4]	$ 8,483,098	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Delayed Draw Term Loan Maturity Date 8/15/2029
Schedule of Investments [Line Items]
Investment at Fair Value		(52,222)	[1],[2],[7],[18],[19]	(91,388)	[3],[11],[16],[17]
Investments, Cost		(70,058)	[1],[4],[7],[18],[19]	(76,841)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Revolving Credit Facility Maturity Date 8/15//2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(8,000)
Investments, Cost	[1],[4],[7],[18],[19]	$ (21,431)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Revolving Credit Facility Maturity Date 8/15/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(14,000)
Investments, Cost	[5],[11],[16],[17]			$ (23,483)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Term Loan SOFR+5.50% Interest Rate 10.83% Maturity Date 8/15//2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.83%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 8,683,175
Investments, Cost	[1],[4],[7],[19],[20]	8,556,645
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Commodity Chemicals Soteria Flexibles Corporation Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 8/15/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.10%
Investment at Fair Value	[3],[11],[17]			$ 8,674,135
Investments, Cost	[5],[11],[17]			8,583,422
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Construction Materials
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 305,400
Percentage of assets in investment	[1]	0.05%
Investments, Cost	[1],[4]	$ 304,238
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Construction Materials White Cap Buyer LLC Term Loan SOFR+3.25% Interest Rate 8.58% Maturity Date 10/19//2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[18],[21]	8.58%
Investment at Fair Value	[1],[2],[7],[9],[18]	$ 305,400
Investments, Cost	[1],[4],[7],[9],[18]	304,238
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Data Processing & Outsourced Services
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 7,127,833
Percentage of assets in investment	[1]	1.22%
Investments, Cost	[1],[4]	$ 6,860,960
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Data Processing & Outsourced Services VRC Companies LLC Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 6/29//2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	11.10%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 7,127,833
Investments, Cost	[1],[4],[7],[18],[19]	6,860,960
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Chemicals
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 4,961,475
Percentage of assets in investment	[1]	0.85%
Investments, Cost	[1],[4]	$ 4,825,193
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Chemicals Hexion Holdings Corporation Term Loan SOFR+4.50% Interest Rate 9.98% Maturity Date 3/15/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	9.98%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,961,475
Investments, Cost	[1],[4],[7],[8],[9],[25]	4,825,193
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Financial Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 4,319,333	[1],[2]	$ 4,729,150	[3]
Percentage of assets in investment		0.74%	[1]	1.17%
Investments, Cost		$ 4,427,102	[1],[4]	$ 4,800,569	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Financial Services Clue Opco LLC Term Loan SOFR+4.50% Interest Rate 9.83% Maturity Date 12/19/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21],[22]	9.83%
Investment at Fair Value	[1],[2],[7],[9],[22]	$ 4,319,333
Investments, Cost	[1],[4],[7],[9],[22]	4,427,102
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Financial Services Clue Opco LLC Term Loan SOFR+4.50% Interest Rate 9.86% Maturity Date 12/19/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[13],[23]			9.86%
Investment at Fair Value	[3],[11],[12],[13],[23]			$ 4,729,150
Investments, Cost	[5],[11],[12],[13],[23]			4,800,569
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 61,223,284	[1],[2]	$ 42,210,588	[3]
Percentage of assets in investment		10.44%	[1]	10.39%
Investments, Cost		$ 60,457,188	[1],[4]	$ 41,539,562	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Brand Industrial Services Inc Term Loan SOFR+4.50% Interest Rate 9.83% Maturity Date 8/1/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	9.83%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,988,831
Investments, Cost	[1],[4],[7],[8],[9],[25]	4,978,748
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Eversmith Brands Intermediate Holding Company Delayed Draw Term Loan Maturity Date 6/17/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(24,050)
Investments, Cost	[1],[4],[7],[18],[19]	(23,907)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Eversmith Brands Intermediate Holding Company Revolving Credit Facility Maturity Date 6/17/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(13,468)
Investments, Cost	[1],[4],[7],[18],[19]	$ (13,385)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Eversmith Brands Intermediate Holding Company Term Loan SOFR+5.00% Interest Rate 10.33% Maturity Date 6/17/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.33%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 4,548,365
Investments, Cost	[1],[4],[7],[19],[20]	$ 4,548,641
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates Inc Delayed Draw Term Loan SOFR+5.00% Interest Rate 10.33% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	10.33%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 2,935,477
Investments, Cost	[1],[4],[7],[18],[19]	$ 2,934,648
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates Inc Delayed Draw Term Loan SOFR+6.50% Interest Rate 11.86% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[16],[17]			11.86%
Investment at Fair Value	[3],[11],[16],[17]			$ 3,526,769
Investments, Cost	[5],[11],[16],[17]			$ 3,424,369
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates Inc Term Loan SOFR+5.00% Interest Rate 10.33% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	10.33%
Investment at Fair Value	[1],[2],[7],[19]	$ 3,879,898
Investments, Cost	[1],[4],[7],[19]	$ 3,865,843
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates Inc Term Loan SOFR+6.50% Interest Rate 12.00% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.00%
Investment at Fair Value	[3],[11],[17]			$ 2,037,621
Investments, Cost	[5],[11],[17]			$ 1,988,709
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates LLC Delayed Draw Term Loan SOFR+6.25% Interest Rate 11.58% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.58%
Investment at Fair Value	[1],[2],[7],[19]	$ 8,100,443
Investments, Cost	[1],[4],[7],[19]	$ 7,906,347
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates LLC One Delayed Draw Term Loan SOFR+6.25% Interest Rate 11.58% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.58%
Investment at Fair Value	[1],[2],[7],[19]	$ 5,689,354
Investments, Cost	[1],[4],[7],[19]	$ 5,569,221
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates LLC One Term Loan SOFR+6.25% Interest Rate 11.58% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[19],[21]	11.58%
Investment at Fair Value	[1],[2],[19]	$ 2,027,407
Investments, Cost	[1],[4],[19]	$ 1,982,582
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates LLC Term Loan SOFR+6.25% Interest Rate 11.58% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.58%
Investment at Fair Value	[1],[2],[7],[19]	$ 7,157,868
Investments, Cost	[1],[4],[7],[19]	$ 6,974,572
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates, LLC Delayed Draw Term Loan SOFR+6.50% Interest Rate 11.95% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.95%
Investment at Fair Value	[3],[11],[17]			$ 8,141,317
Investments, Cost	[5],[11],[17]			$ 7,926,109
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Hobbs & Associates, LLC Term Loan SOFR+6.50% Interest Rate 11.95% Maturity Date 4/11/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.95%
Investment at Fair Value	[3],[11],[17]			$ 7,194,019
Investments, Cost	[5],[11],[17]			$ 6,993,967
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services MRI Acquisitions, Inc Term Loan SOFR+6.25% Interest Rate 11.73% Maturity Date 12/30/2025
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.73%
Investment at Fair Value	[1],[2],[7],[19]	$ 5,529,320
Investments, Cost	[1],[4],[7],[19]	$ 5,554,855
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services MRI Acquisitions, Inc Term Loan SOFR+6.25% Interest Rate 11.75% Maturity Date 12/30/2025
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.75%
Investment at Fair Value	[3],[11],[17]			$ 5,611,923
Investments, Cost	[5],[11],[17]			5,642,731
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Omnia Partners LLC Delayed Draw Term Loan Maturity Date 7/25/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[13],[16]			3,590
Investments, Cost	[5],[11],[13],[16]			$ (173)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Omnia Partners LLC Term Loan SOFR+3.25% Interest Rate 8.57% Maturity Date 7/25/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	8.57%
Investment at Fair Value	[1],[2],[7],[9]	$ 7,405,252
Investments, Cost	[1],[4],[7],[9]	$ 7,402,482
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Omnia Partners LLC Term Loan SOFR+4.25% Interest Rate 9.63% Maturity Date 7/25/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[13]			9.63%
Investment at Fair Value	[3],[11],[13]			$ 6,825,609
Investments, Cost	[5],[11],[13]			$ 6,783,539
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Prometric Holdings Inc Term Loan SOFR+4.75% Interest Rate 10.21% Maturity Date 1/31/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[19],[21]	10.21%
Investment at Fair Value	[1],[2],[7],[8],[9],[19]	$ 4,000,920
Investments, Cost	[1],[4],[7],[8],[9],[19]	3,960,808
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Prometric Holdings Term Loan SOFR+5.25% Interest Rate 10.70% Maturity Date 1/29/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[13],[24]			10.70%
Investment at Fair Value	[3],[11],[12],[13],[24]			$ 3,988,760
Investments, Cost	[5],[11],[12],[13],[24]			$ 3,980,138
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Ruppert Landscape, LLC Delayed Draw Term Loan Maturity Date 12/1/2028
Schedule of Investments [Line Items]
Investments, Cost	[1],[4],[7],[18],[22]	$ (39,223)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Ruppert Landscape, LLC Revolving Credit Facility SOFR+5.75% Interest Rate 11.24% Maturity Date 12/1/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[21],[22]	11.24%
Investment at Fair Value	[1],[2],[7],[18],[22]	$ 72,380
Investments, Cost	[1],[4],[7],[18],[22]	$ 67,147
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Ruppert Landscape, LLC Term Loan SOFR+5.75% Interest Rate 11.25% Maturity Date 12/1/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[21],[22]	11.25%
Investment at Fair Value	[1],[2],[7],[22]	$ 4,925,287
Investments, Cost	[1],[4],[7],[22]	4,787,809
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Diversified Support Services Ruppert Landscape, LLC Term Loan SOFR+6.00% Interest Rate 11.68% Maturity Date 12/1/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			11.68%
Investment at Fair Value	[3],[11],[23]			$ 4,880,980
Investments, Cost	[5],[11],[23]			4,800,173
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Education Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 10,476,458	[1],[2]	$ 7,505,040	[3]
Percentage of assets in investment		1.79%	[1]	1.85%
Investments, Cost		$ 10,076,652	[1],[4]	$ 7,125,893	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Education Services KUEHG Corp Term Loan SOFR+4.50% Interest Rate 9.83% Maturity Date 6/12/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21],[25]	9.83%
Investment at Fair Value	[1],[2],[7],[9],[25]	$ 10,476,458
Investments, Cost	[1],[4],[7],[9],[25]	10,076,652
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Education Services KUEHG Corp Term Loan SOFR+5.00% Interest Rate 10.35% Maturity Date 6/12/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[13],[24]			10.35%
Investment at Fair Value	[3],[11],[13],[24]			$ 7,505,040
Investments, Cost	[5],[11],[13],[24]			7,125,893
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Electrical Components & Equipment
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 28,112,604
Percentage of assets in investment	[1]	4.80%
Investments, Cost	[1],[4]	$ 27,829,589
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Electrical Components & Equipment CMI Buyer, Inc. Term Loan SOFR+6.75% Interest Rate 12.08% Maturity Date 10/20/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[19],[20],[21]	12.08%
Investment at Fair Value	[1],[2],[7],[9],[19],[20]	$ 19,925,926
Investments, Cost	[1],[4],[7],[9],[19],[20]	19,634,089
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Electrical Components & Equipment EDS Buyer, LLC Revolving Credit Facility Maturity Date 1/10/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[9],[18],[19]	(15,611)
Investments, Cost	[1],[4],[7],[9],[18],[19]	$ (14,813)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Electrical Components & Equipment EDS Buyer, LLC Term Loan SOFR+5.75% Interest Rate 11.09% Maturity Date 1/10/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[19],[20],[21]	11.09%
Investment at Fair Value	[1],[2],[7],[9],[19],[20]	$ 8,202,289
Investments, Cost	[1],[4],[7],[9],[19],[20]	8,210,313
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 24,328,985	[1],[2]	$ 19,466,071	[3]
Percentage of assets in investment		4.15%	[1]	4.79%
Investments, Cost		$ 23,933,849	[1],[4]	$ 19,222,865	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Delayed Draw Term Loan SOFR+6.75% Interest Rate 12.22% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	12.22%
Investment at Fair Value	[1],[2],[7],[19]	$ 1,144,221
Investments, Cost	[1],[4],[7],[19]	$ 1,122,562
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Delayed Draw Term Loan SOFR+6.75% Interest Rate 12.42% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.42%
Investment at Fair Value	[3],[11],[17]			$ 1,140,800
Investments, Cost	[5],[11],[17]			1,125,273
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Revolving Credit Facility Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(6,030)
Investments, Cost	[5],[11],[16],[17]			$ (6,643)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Revolving Credit Facility SOFR+6.75% Interest Rate 12.22% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	12.22%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 863,239
Investments, Cost	[1],[4],[7],[18],[19]	$ 839,383
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.08% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	12.08%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 3,339,680
Investments, Cost	[1],[4],[7],[19],[20]	$ 3,339,852
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.23% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	12.23%
Investment at Fair Value	[1],[2],[7],[19]	$ 595,541
Investments, Cost	[1],[4],[7],[19]	$ 578,464
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.27% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.27%
Investment at Fair Value	[3],[11],[17]			$ 7,965,536
Investments, Cost	[5],[11],[17]			$ 7,956,128
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.28% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.28%
Investment at Fair Value	[3],[11],[17]			$ 10,365,765
Investments, Cost	[5],[11],[17]			10,148,107
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Environmental, & Facilities Services Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.22% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	12.22%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 7,989,322
Investments, Cost	[1],[4],[7],[19],[20]	7,924,364
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Fertilizers & Agricultural Chemicals
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 5,930,968
Percentage of assets in investment	[1]	1.02%
Investments, Cost	[1],[4]	$ 5,958,229
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Fertilizers & Agricultural Chemicals Consolidated Energy Finance SA Term Loan SOFR+4.50% Interest Rate 9.84% Maturity Date 11/15/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21]	9.84%
Investment at Fair Value	[1],[2],[7],[8],[9]	$ 969,071
Investments, Cost	[1],[4],[7],[8],[9]	$ 995,007
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Fertilizers & Agricultural Chemicals Discovery Purchaser Corporation Term Loan SOFR+4.38% Interest Rate 9.68% Maturity Date 10/4/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	9.68%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,961,897
Investments, Cost	[1],[4],[7],[8],[9],[25]	4,963,222
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Distributors
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 3,783,864
Percentage of assets in investment	[1]	0.64%
Investments, Cost	[1],[4]	$ 3,790,301
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Distributors Midas Foods International, LLC Delayed Draw Term Loan Term Loan Maturity Date 4/30/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(120,762)
Investments, Cost	[1],[4],[7],[18],[19]	(116,895)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Distributors Midas Foods International, LLC Revolving Credit Facility Maturity Date 4/30/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(40,254)
Investments, Cost	[1],[4],[7],[18],[19]	$ (38,938)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Distributors Midas Foods International, LLC Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 4/30/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.33%
Investment at Fair Value	[1],[2],[7],[19]	$ 3,944,880
Investments, Cost	[1],[4],[7],[19]	3,946,134
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Retail
Schedule of Investments [Line Items]
Investment at Fair Value		$ 7,399,632	[1],[2]	$ 7,432,302	[3]
Percentage of assets in investment		1.26%	[1]	1.83%
Investments, Cost		$ 7,240,934	[1],[4]	$ 7,264,350	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Retail Cardenas Merger Sub LLC Term Loan SOFR+6.75% Interest Rate 12.18% Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[22]	12.18%
Investment at Fair Value	[1],[2],[7],[8],[9],[22]	$ 7,399,632
Investments, Cost	[1],[4],[7],[8],[9],[22]	7,240,934
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Food Retail Cardenas Merger Sub LLC Term Loan SOFR+6.75% Interest Rate 12.20% Maturity Date 8/1/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[13],[23]			12.20%
Investment at Fair Value	[3],[11],[12],[13],[23]			$ 7,432,302
Investments, Cost	[5],[11],[12],[13],[23]			7,264,350
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Distributors
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 4,810,475
Percentage of assets in investment	[1]	0.82%
Investments, Cost	[1],[4]	$ 4,919,606
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Distributors Gainwell Acquisition CorpTerm Loan SOFR+4.00% Interest Rate 9.43% Maturity Date 10/1/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[22]	9.43%
Investment at Fair Value	[1],[2],[7],[8],[9],[22]	$ 4,810,475
Investments, Cost	[1],[4],[7],[8],[9],[22]	4,919,606
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities
Schedule of Investments [Line Items]
Investment at Fair Value		$ 11,818,611	[1],[2]	$ 12,700,350	[3]
Percentage of assets in investment		2.02%	[1]	3.13%
Investments, Cost		$ 11,410,037	[1],[4]	$ 12,388,445	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management LLC Delayed Draw Term Loan SOFR+6.00% Interest Rate 11.46% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[16],[17]			11.46%
Investment at Fair Value	[3],[11],[16],[17]			$ 3,602,586
Investments, Cost	[5],[11],[16],[17]			3,414,009
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Delayed Draw Term Loan Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(44,050)
Investments, Cost		(80,958)	[1],[4],[7],[18],[19]	$ (119,995)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Revolving Credit Facility Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Cost	[1],[4],[7],[18],[19]	$ (24,239)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Revolving Credit Facility SOFR+6.50% Interest Rate 12.00% Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[16],[17]			12.00%
Investment at Fair Value	[3],[11],[16],[17]			$ 985,031
Investments, Cost	[5],[11],[16],[17]			$ 966,499
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Term Loan SOFR+6.50% Interest Rate 11.85% Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.85%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 11,818,611
Investments, Cost	[1],[4],[7],[19],[20]	11,515,234
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Facilities Infusion Services Management, LLC Term Loan SOFR+6.50% Interest Rate 11.98% Maturity Date 7/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.98%
Investment at Fair Value	[3],[11],[17]			$ 11,759,369
Investments, Cost	[5],[11],[17]			11,541,941
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 92,037,928	[1],[2]	$ 33,949,227	[3]
Percentage of assets in investment		15.72%	[1]	8.36%
Investments, Cost		$ 90,726,128	[1],[4]	$ 32,860,634	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation Delayed Draw Term Loan SOFR+6.00% Interest Rate 11.44% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	11.44%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 7,804,655
Investments, Cost	[1],[4],[7],[18],[19]	$ 7,584,820
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation One Term Loan SOFR+6.00% Interest Rate 11.44% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[21],[22]	11.44%
Investment at Fair Value	[1],[2],[22]	$ 2,560,345
Investments, Cost	[1],[4],[22]	2,498,048
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation One Term Loan SOFR+6.00% Interest Rate 11.46% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			11.46%
Investment at Fair Value	[3],[11],[23]			$ 2,573,276
Investments, Cost	[5],[11],[23]			2,503,835
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation Revolving Credit Facility Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Cost		$ (50,116)	[1],[4],[7],[18],[22]	$ (55,910)	[5],[11],[16],[23]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation Term Loan SOFR+6.00% Interest Rate 11.44% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[21],[22]	11.44%
Investment at Fair Value	[1],[2],[7],[22]	$ 4,933,904
Investments, Cost	[1],[4],[7],[22]	$ 4,732,664
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services AB Centers Acquisition Corporation Term Loan SOFR+6.00% Interest Rate 11.46% Maturity Date 9/6/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			11.46%
Investment at Fair Value	[3],[11],[23]			$ 4,958,949
Investments, Cost	[5],[11],[23]			$ 4,738,316
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services BeBright MSO, LLC Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.09% Maturity Date 6/3/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	11.09%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 504,147
Investments, Cost	[1],[4],[7],[18],[19]	505,026
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services BeBright MSO, LLC Revolving Credit Facility Maturity Date 6/3/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(18,672)
Investments, Cost	[1],[4],[7],[18],[19]	$ (18,444)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services BeBright MSO, LLC Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 6/3/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.10%
Investment at Fair Value	[1],[2],[7],[19]	$ 9,242,704
Investments, Cost	[1],[4],[7],[19]	9,242,704
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. Delayed Draw Term Loan Maturity Date 1/3/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[18],[19]	(63,636)
Investments, Cost	[1],[4],[18],[19]	$ (87,360)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. Term Loan SOFR+6.00% Interest Rate 11.30% Maturity Date 1/3/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[19],[21]	11.30%
Investment at Fair Value	[1],[2],[19]	$ 10,642,373
Investments, Cost	[1],[4],[19]	$ 10,511,375
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. Term Loan SOFR+6.50% Interest Rate 11.78% Maturity Date 1/3/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.78%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 9,358,358
Investments, Cost	[1],[4],[7],[19],[20]	9,121,808
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. Term Loan SOFR+6.50% Interest Rate 11.97% Maturity Date 1/3/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.97%
Investment at Fair Value	[3],[11],[17]			$ 9,349,308
Investments, Cost	[5],[11],[17]			9,145,917
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Delayed Draw Term Loan Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(2,857)
Investments, Cost		(27,254)	[1],[4],[7],[18],[19]	(30,179)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Revolving Credit Facility Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(3,061)
Investments, Cost		$ (12,956)	[1],[4],[7],[18],[19]	$ (14,359)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Term Loan SOFR+6.50% Interest Rate 11.93% Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.93%
Investment at Fair Value	[3],[11],[17]			$ 4,920,300
Investments, Cost	[5],[11],[17]			$ 4,773,256
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Term Loan SOFR+6.50% Interest Rate 12.00% Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[19],[21]	12.00%
Investment at Fair Value	[1],[2],[19]	$ 3,038,265
Investments, Cost	[1],[4],[19]	$ 2,957,766
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Term Loan SOFR+6.50% Interest Rate 12.01% Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	12.01%
Investment at Fair Value	[1],[2],[7],[19]	$ 4,925,000
Investments, Cost	[1],[4],[7],[19]	$ 4,762,785
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Houseworks Holdings, LLC Term Loan SOFR+6.50% Interest Rate 12.04% Maturity Date 12/16/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.04%
Investment at Fair Value	[3],[11],[17]			$ 3,047,464
Investments, Cost	[5],[11],[17]			$ 2,965,461
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Integrated Oncology Network LLC Term Loan SOFR+6.00% Interest Rate 11.45% Maturity Date 6/24/2025
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	11.45%
Investment at Fair Value	[1],[2],[7],[19]	$ 2,063,460
Investments, Cost	[1],[4],[7],[19]	2,065,474
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services The Smilist DSO, LLC Delayed Draw Term Loan Maturity Date 4/4/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(44,463)
Investments, Cost	[1],[4],[7],[18],[19]	$ (39,692)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services The Smilist DSO, LLC Delayed Draw Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 4/4/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	11.33%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 4,010,907
Investments, Cost	[1],[4],[7],[18],[19]	3,973,202
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services The Smilist DSO, LLC Revolving Credit Facility Maturity Date 4/4/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(11,116)
Investments, Cost	[1],[4],[7],[18],[19]	$ (19,853)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services The Smilist DSO, LLC Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 4/4/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.33%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 16,931,028
Investments, Cost	[1],[4],[7],[19],[20]	16,765,333
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Tiger Healthcare Buyer, LLC Delayed Draw Term Loan Maturity Date 2/27/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(242,188)
Investments, Cost	[1],[4],[7],[18],[19]	(102,615)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Tiger Healthcare Buyer, LLC Revolving Credit Facility Maturity Date 2/27/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(25,000)
Investments, Cost	[1],[4],[7],[18],[19]	$ (21,221)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services Tiger Healthcare Buyer, LLC Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 2/27/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.33%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 10,941,328
Investments, Cost	[1],[4],[7],[19],[20]	$ 10,980,509
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services VIP Medical US Buyer, LLC Term Loan SOFR+5.50% Interest Rate 10.96% Maturity Date 12/12/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			10.96%
Investment at Fair Value	[3],[11],[17]			$ 5,503,262
Investments, Cost	[5],[11],[17]			5,420,288
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Services VIP Medical US Buyer, LLC Term Loan SOFR+5.75% Interest Rate 11.19% Maturity Date 12/12/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.19%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 5,486,529
Investments, Cost	[1],[4],[7],[19],[20]	5,404,125
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Supplies
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 7,763,341
Percentage of assets in investment	[1]	1.33%
Investments, Cost	[1],[4]	$ 7,625,960
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Supplies C2DX, Inc Delayed Draw Term Loan Maturity Date 3/19/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(24,624)
Investments, Cost	[1],[4],[7],[18],[19]	$ (70,606)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Supplies C2DX, Inc Revolving Credit Facility SOFR+5.25% Interest Rate 10.59% Maturity Date 3/19/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	10.59%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 211,764
Investments, Cost	[1],[4],[7],[18],[19]	$ 193,333
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Supplies C2DX, Inc Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 3/19/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.59%
Investment at Fair Value	[1],[7],[19],[20]	$ 7,576,201
Investments, Cost	[1],[4],[7],[19],[20]	7,503,233
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Technology
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 4,952,880
Percentage of assets in investment	[1]	0.84%
Investments, Cost	[1],[4]	$ 4,964,498
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Health Care Technology Athenahealth Group Inc Term Loan SOFR+3.25% Interest Rate 8.59% Maturity Date 2/15/2019
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	8.59%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,952,880
Investments, Cost	[1],[4],[7],[8],[9],[25]	4,964,498
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Home Improvement Retail
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 3,928,880
Percentage of assets in investment	[1]	0.67%
Investments, Cost	[1],[4]	$ 3,960,109
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Home Improvement Retail LBM Acquisition LLC Term Loan SOFR+3.75% Interest Rate 9.18% Maturity Date 6/6/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[22]	9.18%
Investment at Fair Value	[1],[2],[7],[8],[9],[22]	$ 3,928,880
Investments, Cost	[1],[4],[7],[8],[9],[22]	3,960,109
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Human Resource & Employment Services
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 31,613,381
Percentage of assets in investment	[1]	5.39%
Investments, Cost	[1],[4]	$ 31,623,797
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Human Resource & Employment Services Future Care Associates LLC One Term Loan SOFR+5.25% Interest Rate 10.73% Maturity Date 1/27/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.73%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 14,700,000
Investments, Cost	[1],[4],[7],[19],[20]	$ 14,704,199
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Human Resource & Employment Services Future Care Associates LLC Term Loan SOFR+5.25% Interest Rate 10.73% Maturity Date 1/27/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	10.73%
Investment at Fair Value	[1],[2],[7],[19]	$ 16,913,381
Investments, Cost	[1],[4],[7],[19]	16,919,598
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components
Schedule of Investments [Line Items]
Investment at Fair Value		$ 73,853,402	[1],[2]	$ 9,395,481	[3]
Percentage of assets in investment		12.59%	[1]	2.32%
Investments, Cost		$ 73,325,539	[1],[4]	$ 9,281,727	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Astro Acquisition LLC Term Loan SOFR+5.50% Interest Rate 10.83% Maturity Date 12/13/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.83%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 24,812,813
Investments, Cost	[1],[4],[7],[19],[20]	$ 24,712,183
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Endurance PT Technology Buyer Corporation One Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 2/28/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.59%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 14,934,880
Investments, Cost	[1],[4],[7],[19],[20]	14,935,115
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Endurance PT Technology Buyer Corporation Revolving Credit Facility Maturity Date 2/28/2030
Schedule of Investments [Line Items]
Investments, Cost	[1],[4],[7],[18],[19]	(18,922)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Endurance PT Technology Buyer Corporation Revolving Credit Facility SOFR - Maturity Date 2/28/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	$ (7,500)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Endurance PT Technology Buyer Corporation Term Loan SOFR+5.25% Interest Rate 10.59% Maturity Date 2/28/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.59%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 18,017,254
Investments, Cost	[1],[4],[7],[19],[20]	$ 17,801,472
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Lake Air Products, LLC Term Loan SOFR+6.75% Interest Rate 12.23% Maturity Date 1/9/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	12.23%
Investment at Fair Value	[1],[2],[7],[19]	$ 9,389,648
Investments, Cost	[1],[4],[7],[19]	9,187,616
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components Lake Air Products, LLC Term Loan SOFR+6.75% Interest Rate 12.25% Maturity Date 1/9/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.25%
Investment at Fair Value	[3],[11],[17]			$ 9,395,481
Investments, Cost	[5],[11],[17]			9,281,727
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components MoboTrex, LLC Delayed Draw Term Loan Maturity Date 6/7/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(39,871)
Investments, Cost	[1],[4],[7],[18],[19]	(39,459)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components MoboTrex, LLC Revolving Credit Facility Maturity Date 6/7/2030
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[19]	(26,581)
Investments, Cost	[1],[4],[7],[18],[19]	$ (26,299)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Industrial Machinery & Supplies & Components MoboTrex, LLC Term Loan SOFR+5.50% Interest Rate 10.84% Maturity Date 6/7/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	10.84%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 6,772,759
Investments, Cost	[1],[4],[7],[19],[20]	6,773,833
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers
Schedule of Investments [Line Items]
Investment at Fair Value		$ 25,296,198	[1],[2]	$ 19,965,722	[3]
Percentage of assets in investment		4.32%	[1]	4.91%
Investments, Cost		$ 25,121,176	[1],[4]	$ 19,739,919	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Acrisure LLC Term Loan SOFR+3.25% Interest Rate 8.59% Maturity Date 11/6/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	8.59%
Investment at Fair Value	[1],[2],[7],[9]	$ 9,906,440
Investments, Cost	[1],[4],[7],[9]	$ 9,801,735
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Acrisure LLC Term Loan SOFR+3.50% Interest Rate 8.94% Maturity Date 2/15/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	8.94%
Investment at Fair Value	[1],[2],[7],[9]	$ 4,979,632
Investments, Cost	[1],[4],[7],[9]	$ 4,987,013
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Acrisure LLC Term Loan SOFR+4.50% Interest Rate 9.89% Maturity Date 11/6/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[13]			9.89%
Investment at Fair Value	[3],[11],[13]			$ 9,958,133
Investments, Cost	[5],[11],[13]			9,826,653
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Alera Group, Inc. Delayed Draw Term Loan Maturity Date 9/30/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[23]			(21,611)
Investments, Cost	[5],[11],[16],[23]			$ (13,202)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Alera Group, Inc. Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.08% Maturity Date 9/30/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[21],[22]	11.08%
Investment at Fair Value	[1],[2],[7],[18],[22]	$ 440,113
Investments, Cost	[1],[4],[7],[18],[22]	$ 426,392
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Jones Deslauriers Insurance Management Inc Term Loan SOFR+3.50% Interest Rate 8.83% Maturity Date 3/15/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21]	8.83%
Investment at Fair Value	[1],[2],[7],[8],[9]	$ 9,970,013
Investments, Cost	[1],[4],[7],[8],[9]	9,906,036
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Insurance Brokers Jones Deslauriers Insurance Management Inc Term Loan SOFR+4.25% Interest Rate 9.62% Maturity Date 3/15/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[13]			9.62%
Investment at Fair Value	[3],[11],[12],[13]			$ 10,029,200
Investments, Cost	[5],[11],[12],[13]			9,926,468
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Internet Services & Infrastructure
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 5,944,291
Percentage of assets in investment	[1]	1.02%
Investments, Cost	[1],[4]	$ 5,969,600
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Internet Services & Infrastructure Constant Contact Inc Term Loan SOFR+4.00% Interest Rate 0.00% Maturity Date 2/10/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[8],[9],[22],[25]	972,645
Investments, Cost	[1],[4],[8],[9],[22],[25]	$ 990,181
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Internet Services & Infrastructure Constant Contact Inc Term Loan SOFR+4.00% Interest Rate 9.57% Maturity Date 2/10/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[8],[9],[21],[22],[25]	9.57%
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Internet Services & Infrastructure Peraton Corp Term Loan SOFR+3.75% Interest Rate 9.19% Maturity Date 2/1/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[22]	9.19%
Investment at Fair Value	[1],[2],[7],[8],[9],[22]	$ 4,971,646
Investments, Cost	[1],[4],[7],[8],[9],[22]	4,979,419
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Life Sciences Tools & Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 27,275,101	[1],[2]	$ 26,985,980	[3]
Percentage of assets in investment		4.65%	[1]	6.65%
Investments, Cost		$ 26,612,016	[1],[4]	$ 26,707,426	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Life Sciences Tools & Services WCI-BXC Purchaser, LLC Revolving Credit Facility Maturity Date 11/6/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[5],[11],[23]			(15,000)
Investments, Cost		$ (22,346)	[1],[4],[7],[18],[22]	$ (24,388)	[5],[11],[23]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Life Sciences Tools & Services WCI-BXC Purchaser, LLC Term Loan SOFR+6.25% Interest Rate 11.59% Maturity Date 11/6/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[20],[21],[22]	11.59%
Investment at Fair Value	[1],[2],[7],[20],[22]	$ 27,275,101
Investments, Cost	[1],[4],[7],[20],[22]	26,634,362
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Life Sciences Tools & Services WCI-BXC Purchaser, LLC Term Loan SOFR+6.25% Interest Rate 11.64% Maturity Date 11/6/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			11.64%
Investment at Fair Value	[3],[11],[23]			$ 27,000,980
Investments, Cost	[5],[11],[23]			26,731,814
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Metal, Glass & Plastic Containers
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 3,979,344
Percentage of assets in investment	[1]	0.68%
Investments, Cost	[1],[4]	$ 3,977,427
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Metal, Glass & Plastic Containers AOT Packaging Products Acquisitionco LLC Term Loan SOFR+3.25% Interest Rate 8.71% Maturity Date 3/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21],[25]	8.71%
Investment at Fair Value	[1],[2],[7],[9],[25]	$ 3,979,344
Investments, Cost	[1],[4],[7],[9],[25]	3,977,427
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Oil & Gas Refining & Marketing
Schedule of Investments [Line Items]
Investment at Fair Value		$ 7,353,697	[1],[2]	$ 7,311,675	[3]
Percentage of assets in investment		1.25%	[1]	1.80%
Investments, Cost		$ 7,329,452	[1],[4]	$ 7,330,600	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Oil & Gas Refining & Marketing EG America LLC Term Loan SOFR+5.50% Interest Rate 11.07% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	11.07%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 7,353,697
Investments, Cost	[1],[4],[7],[8],[9],[25]	7,329,452
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Oil & Gas Refining & Marketing EG America LLC Term Loan SOFR+5.50% Interest Rate 11.24% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[13],[24]			11.24%
Investment at Fair Value	[3],[11],[12],[13],[24]			$ 5,376,525
Investments, Cost	[5],[11],[12],[13],[24]			$ 5,385,600
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Oil & Gas Refining & Marketing EG America LLC Term Loan SOFR+5.50% Interest Rate 9.66% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[12],[24]			9.66%
Investment at Fair Value	[3],[11],[12],[24]			$ 1,935,150
Investments, Cost	[5],[11],[12],[24]			1,945,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats
Schedule of Investments [Line Items]
Investment at Fair Value		$ 19,436,411	[1],[2]	$ 19,277,424	[3]
Percentage of assets in investment		3.32%	[1]	4.75%
Investments, Cost		$ 19,207,049	[1],[4]	$ 19,265,506	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats CCI Prime, LLC Delayed Draw Term Loan Maturity Date 10/18/2029
Schedule of Investments [Line Items]
Investment at Fair Value		(27,957)	[1],[2],[7],[18],[19]	(47,926)	[3],[16],[17],[23]
Investments, Cost		(44,295)	[1],[4],[7],[18],[19]	(48,327)	[5],[16],[17],[23]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats CCI Prime, LLC Revolving Credit Facility Maturity Date 10/18/2029
Schedule of Investments [Line Items]
Investment at Fair Value		(14,000)	[1],[2],[7],[18],[19]	(24,000)	[3],[16],[17],[23]
Investments, Cost		$ (22,142)	[1],[4],[7],[18],[19]	$ (24,181)	[5],[16],[17],[23]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats CCI Prime, LLC Term Loan SOFR+6.00% Interest Rate 11.33% Maturity Date 10/18/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.33%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 19,478,368
Investments, Cost	[1],[4],[7],[19],[20]	19,273,486
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Packaged Foods & Meats CCI Prime, LLC Term Loan SOFR+6.00% Interest Rate 11.35% Maturity Date 10/18/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[17],[23]			11.35%
Investment at Fair Value	[3],[17],[23]			$ 19,349,350
Investments, Cost	[5],[17],[23]			19,338,014
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Personal Care Products
Schedule of Investments [Line Items]
Investment at Fair Value		$ 2,477,706
Percentage of assets in investment		0.42%
Investments, Cost		$ 2,484,297
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Personal Care Products Conair Holdings LLC Delayed Draw Term Loan
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[7],[18],[19]	(295,577)
Investments, Cost	[1],[4],[7],[18],[19]	$ (113,716)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Personal Care Products Conair Holdings LLC Term Loan SOFR+3.75% Interest Rate 9.21% Maturity Date 5/17/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19]	11.93%
Investment at Fair Value	[1],[7],[19]	$ 12,144,938
Investments, Cost	[1],[4],[7],[19]	$ 12,219,042
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Personal Care Products Term Loan SOFR+3.75% Interest Rate 9.21% Maturity Date 5/17/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21],[25]	9.21%
Investment at Fair Value	[1],[2],[7],[9],[25]	$ 2,477,706
Investments, Cost	[1],[4],[7],[9],[25]	2,484,297
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Pharmaceuticals
Schedule of Investments [Line Items]
Investment at Fair Value		$ 9,875,000	[1]	$ 9,900,000	[3]
Percentage of assets in investment		1.68%	[1]	2.44%
Investments, Cost		$ 9,505,386	[1],[4]	$ 9,498,393	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Pharmaceuticals Alcami Corporation Term Loan SOFR+7.00% Interest Rate 12.46% Maturity Date 12/21/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			12.46%
Investment at Fair Value	[3],[11],[17]			$ 9,900,000
Investments, Cost	[5],[11],[17]			9,498,393
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Pharmaceuticals Alcami Corporation Term Loan SOFR+7.00% Interest Rate 12.49% Maturity Date 12/21/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20]	12.49%
Investment at Fair Value	[1],[7],[19],[20]	$ 9,875,000
Investments, Cost	[1],[4],[7],[19],[20]	9,505,386
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Property & Casualty Insurance
Schedule of Investments [Line Items]
Investment at Fair Value	[1]	$ 16,856,030
Percentage of assets in investment	[1]	2.88%
Investments, Cost	[1],[4]	$ 16,935,047
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Property & Casualty Insurance Amynta Agency Borrower Inc Term Loan SOFR+3.75% Interest Rate 9.09% Maturity Date 2/28/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9]	9.09%
Investment at Fair Value	[1],[7],[8],[9]	$ 7,010,010
Investments, Cost	[1],[4],[7],[8],[9]	$ 7,000,000
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Property & Casualty Insurance Asurion LLC Term Loan SOFR+4.00% Interest Rate 9.44% Maturity Date 8/19/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9]	9.69%
Investment at Fair Value	[1],[7],[9]	$ 4,931,978
Investments, Cost	[1],[4],[7],[9]	$ 4,970,498
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Property & Casualty Insurance Asurion LLC Term Loan SOFR+4.25% Interest Rate 9.69% Maturity Date 8/19/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9]	9.44%
Investment at Fair Value	[1],[7],[9]	$ 4,914,042
Investments, Cost	[1],[4],[7],[9]	4,964,549
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Research & Consulting Services
Schedule of Investments [Line Items]
Investment at Fair Value	[1]	$ 4,905,240
Percentage of assets in investment	[1]	0.84%
Investments, Cost	[1],[4]	$ 4,949,901
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Research & Consulting Services Corelogic Inc Term Loan SOFR+3.50% Interest Rate 8.96% Maturity Date 6/2/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[25]	8.96%
Investment at Fair Value	[1],[7],[8],[9],[25]	$ 4,905,240
Investments, Cost	[1],[4],[7],[8],[9],[25]	4,949,901
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Security & Alarm Services
Schedule of Investments [Line Items]
Investment at Fair Value	[1]	$ 5,926,438
Percentage of assets in investment	[1]	1.01%
Investments, Cost	[1],[4]	$ 5,941,856
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Security & Alarm Services Allied Universal, LLC Term Loan SOFR+3.75% Interest Rate 9.19% Maturity Date 5/14/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[25]	9.19%
Investment at Fair Value	[1],[7],[8],[9],[25]	$ 5,926,438
Investments, Cost	[1],[4],[7],[8],[9],[25]	5,941,856
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages
Schedule of Investments [Line Items]
Investment at Fair Value		$ 14,861,198	[1]	$ 11,012,677	[3]
Percentage of assets in investment		2.53%	[1]	2.72%
Investments, Cost		$ 14,850,129	[1],[4]	$ 11,003,808	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Naked Juice LLC Term Loan SOFR+3.25% Interest Rate 8.69% Maturity Date 1/24/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9]	8.69%
Investment at Fair Value	[1],[7],[8],[9]	$ 3,693,697
Investments, Cost	[1],[4],[7],[8],[9]	3,882,254
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Refresh Buyer LLC Delayed Draw Term Loan Maturity Date 12/23/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[16],[17],[23]			(47,820)
Investments, Cost	[5],[16],[17],[23]			$ (27,302)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Refresh Buyer LLC Term Loan SOFR+5.25% Interest Rate 10.60% Maturity Date 12/23/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			10.60%
Investment at Fair Value	[3],[11],[23]			$ 11,060,497
Investments, Cost	[5],[11],[23]			11,031,110
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Refresh Buyer, LLC Delayed Draw Term Loan Maturity Date 12/23/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[7],[18],[22]	(5,626)
Investments, Cost	[1],[4],[7],[18],[22]	$ (24,670)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Soft Drinks & Non-alcoholic Beverages Refresh Buyer, LLC Term Loan SOFR+5.50% Interest Rate 10.83% Maturity Date 12/23/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[20],[22]	10.83%
Investment at Fair Value	[1],[7],[20],[22]	$ 11,173,127
Investments, Cost	[1],[4],[7],[20],[22]	10,992,545
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services
Schedule of Investments [Line Items]
Investment at Fair Value		$ 73,272,108	[1],[2]	$ 71,695,776	[3]
Percentage of assets in investment		12.49%	[1]	17.66%
Investments, Cost		$ 73,222,209	[1],[4]	$ 71,493,879	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services COP Foundations Acquisitions Inc. Delayed Draw Term Loan Maturity Date 5/6/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[7],[18],[19]	(128,323)
Investments, Cost	[1],[4],[7],[18],[19]	(62,337)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services COP Foundations Acquisitions Inc. Revolving Credit Facility Maturity Date 5/6/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[7],[18],[19]	(32,081)
Investments, Cost	[1],[4],[7],[18],[19]	$ (31,133)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services COP Foundations Acquisitions Inc. Term Loan SOFR+5.00% Interest Rate 10.34% Maturity Date 5/6/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19]	10.34%
Investment at Fair Value	[1],[7],[19]	$ 5,763,556
Investments, Cost	[1],[4],[7],[19]	5,764,939
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Door Pro Buyer, LLC Delayed Draw Term Loan Maturity Date 11/2/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(254,808)
Investments, Cost	[5],[11],[16],[17]			(124,186)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Door Pro Buyer, LLC Revolving Credit Facility Maturity Date 11/2/2029
Schedule of Investments [Line Items]
Investment at Fair Value		(98,526)	[1],[2],[7],[18],[19]	(84,936)	[3],[11],[16],[17]
Investments, Cost		(75,770)	[1],[4],[7],[18],[19]	$ (82,709)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Door Pro Buyer, LLC Term Loan SOFR+6.00% Interest Rate 11.54% Maturity Date 11/2/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.54%
Investment at Fair Value	[3],[11],[17]			$ 12,256,250
Investments, Cost	[5],[11],[17]			12,260,010
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Mustang Prospects Purchaser LLC Delayed Draw Term Loan Maturity Date 06/13/2031
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[22]	(36,612)
Investments, Cost	[1],[4],[7],[18],[22]	(18,186)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Mustang Prospects Purchaser LLC Revolving Credit Facility Maturity Date 06/13/2031
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2],[7],[18],[22]	(22,883)
Investments, Cost	[1],[4],[7],[18],[22]	$ (22,729)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Mustang Prospects Purchaser LLC Term Loan SOFR+5.00% Interest Rate 10.33% Maturity Date 06/13/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[21],[22]	10.33%
Investment at Fair Value	[1],[2],[7],[22]	$ 15,404,506
Investments, Cost	[1],[4],[7],[22]	15,404,506
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Quick Roofing Acquisition, LLC Delayed Draw Term Loan Maturity Date 12/22/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(347,951)
Investments, Cost		(318,834)	[1],[4],[7],[18],[19]	(346,420)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Quick Roofing Acquisition, LLC Revolving Credit Facility Maturity Date 12/22/2029
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(25,000)
Investments, Cost		$ (22,874)	[1],[4],[7],[18],[19]	$ (24,888)	[5],[11],[16],[17]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Quick Roofing Acquisition, LLC Term Loan SOFR+0.0575 Interest Rate 11.21% Maturity Date 12/22/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.21%
Investment at Fair Value	[3],[11],[17]			$ 10,389,344
Investments, Cost	[5],[11],[17]			$ 10,389,935
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Quick Roofing Acquisition, LLC Term Loan SOFR+5.75 Interest Rate 11.18% Maturity Date 12/22/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.18%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 10,602,459
Investments, Cost	[1],[4],[7],[19],[20]	$ 10,353,430
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.08% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	11.08%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 5,173,019
Investments, Cost	[1],[4],[7],[18],[19]	$ 4,832,466
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Delayed Draw Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[16],[17]			11.10%
Investment at Fair Value	[3],[11],[16],[17]			$ 2,845,872
Investments, Cost	[5],[11],[16],[17]			2,784,807
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Revolving Credit Facility Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[11],[16],[17]			(18,000)
Investments, Cost	[5],[11],[16],[17]			$ (21,422)
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Revolving Credit Facility SOFR+5.75% Interest Rate 11.08% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	11.08%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 160,000
Investments, Cost	[1],[4],[7],[18],[19]	$ 140,798
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Term Loan SOFR+5.75% Interest Rate 11.08% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.08%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 7,638,213
Investments, Cost	[1],[4],[7],[19],[20]	$ 7,486,780
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services SCP WQS Buyer, LLC Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 10/2/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.10%
Investment at Fair Value	[3],[11],[17]			$ 7,538,417
Investments, Cost	[5],[11],[17]			$ 7,508,567
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Senske Lawn and Tree Care, LLC Term Loan CDOR+5.50% Interest Rate 10.93% Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			10.93%
Investment at Fair Value	[3],[11],[23]			$ 15,531,489
Investments, Cost	[5],[11],[23]			$ 15,532,010
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Senske Lawn and Tree Care, LLC Term Loan SOFR+5.25% Interest Rate 10.60% Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			10.60%
Investment at Fair Value	[3],[11],[23]			$ 4,920,300
Investments, Cost	[5],[11],[23]			$ 4,809,404
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Senske Lawn and Tree Care, LLC Term Loan SOFR+5.50% Interest Rate 10.85% Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			10.85%
Investment at Fair Value	[3],[11],[23]			$ 2,737,639
Investments, Cost	[5],[11],[23]			$ 2,690,188
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Senske Lawn and Tree Care, LLC Term Loan SOFR+5.75% Interest Rate 11.10% Maturity Date 12/15/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[23]			11.10%
Investment at Fair Value	[3],[11],[23]			$ 5,958,060
Investments, Cost	[5],[11],[23]			$ 5,830,442
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services Spin Holdco Inc Term Loan SOFR+4.00% Interest Rate 9.60% Maturity Date 03/4/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[22]	9.60%
Investment at Fair Value	[1],[2],[7],[8],[9],[22]	$ 4,215,713
Investments, Cost	[1],[4],[7],[8],[9],[22]	$ 4,446,224
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services USW Buyer, LLC Delayed Draw Term Loan SOFR+6.25% Interest Rate 11.68% Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[18],[19],[21]	11.68%
Investment at Fair Value	[1],[2],[7],[18],[19]	$ 8,095,106
Investments, Cost	[1],[4],[7],[18],[19]	$ 8,449,674
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services USW Buyer, LLC Delayed Draw Term Loan SOFR+6.25% Interest Rate 11.72% Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[16],[17]			11.72%
Investment at Fair Value	[3],[11],[16],[17]			$ 5,408,000
Investments, Cost	[5],[11],[16],[17]			$ 5,487,134
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services USW Buyer, LLC Term Loan SOFR+6.25% Interest Rate 11.68% Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[20],[21]	11.68%
Investment at Fair Value	[1],[2],[7],[19],[20]	$ 4,688,600
Investments, Cost	[1],[4],[7],[19],[20]	4,789,929
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Consumer Services USW Buyer, LLC Term Loan SOFR+6.25% Interest Rate 11.82% Maturity Date 11/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.82%
Investment at Fair Value	[3],[11],[17]			$ 4,841,100
Investments, Cost	[5],[11],[17]			4,801,007
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Finance
Schedule of Investments [Line Items]
Investment at Fair Value		$ 9,726,131	[1],[2]	$ 9,925,000	[3]
Percentage of assets in investment		1.66%	[1]	2.45%
Investments, Cost		$ 9,504,731	[1],[4]	$ 9,484,735	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Finance WH Borrower LLC Term Loan SOFR+5.50% Interest Rate 10.82% Maturity Date 2/15/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[21],[25]	10.82%
Investment at Fair Value	[1],[2],[7],[25]	$ 9,726,131
Investments, Cost	[1],[4],[7],[25]	9,504,731
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialized Finance WH Borrower LLC Term Loan SOFR+5.50% Interest Rate 10.89% Maturity Date 2/15/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[24]			10.89%
Investment at Fair Value	[3],[11],[24]			$ 9,925,000
Investments, Cost	[5],[11],[24]			9,484,735
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialty Chemicals
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 4,850,410
Percentage of assets in investment	[1]	0.83%
Investments, Cost	[1],[4]	$ 4,892,402
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialty Chemicals Aruba Investment Holdings LLC Term Loan SOFR+4.00% Interest Rate 9.44% Maturity Date 11/24/2027
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[22]	9.44%
Investment at Fair Value	[1],[2],[7],[8],[9],[22]	$ 988,289
Investments, Cost	[1],[4],[7],[8],[9],[22]	$ 990,030
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Specialty Chemicals Herens US Holdco Corp Term Loan SOFR+3.93% Interest Rate 9.36% Maturity Date 7/3/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[22]	9.36%
Investment at Fair Value	[1],[2],[7],[8],[9],[22]	$ 3,862,121
Investments, Cost	[1],[4],[7],[8],[9],[22]	3,902,372
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt System Software
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 4,975,639
Percentage of assets in investment	[1]	0.85%
Investments, Cost	[1],[4]	$ 4,981,076
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt System Software Mcafe Corp Term Loan SOFR+3.25% Interest Rate 8.58% Maturity Date 3/1/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	8.58%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 4,975,639
Investments, Cost	[1],[4],[7],[8],[9],[25]	4,981,076
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Trading Companies & Distributors
Schedule of Investments [Line Items]
Investment at Fair Value		$ 18,064,708	[1],[2]	$ 6,441,630	[3]
Percentage of assets in investment		3.07%	[1]	1.59%
Investments, Cost		$ 18,009,610	[1],[4]	$ 6,382,563	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Trading Companies & Distributors Belt Power Holdings LLC One Term Loan SOFR+6.00% Interest Rate 11.48% Maturity Date 8/22/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[19],[21]	11.48%
Investment at Fair Value	[1],[2],[19]	$ 1,725,732
Investments, Cost	[1],[4],[19]	$ 1,695,051
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Trading Companies & Distributors Belt Power Holdings LLC Term Loan SOFR+5.50% Interest Rate 11.00% Maturity Date 8/22/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[11],[17]			11.00%
Investment at Fair Value	[3],[11],[17]			$ 6,441,630
Investments, Cost	[5],[11],[17]			6,382,563
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Trading Companies & Distributors Belt Power Holdings LLC Term Loan SOFR+6.00% Interest Rate 11.48% Maturity Date 8/22/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[21]	11.48%
Investment at Fair Value	[1],[2]	$ 6,422,130
Investments, Cost	[1],[4]	6,359,615
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate First Lien Debt Transaction & Payment Processing Services
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 9,454,875
Percentage of assets in investment	[1]	1.61%
Investments, Cost	[1],[4]	$ 9,476,715
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Money Market Mutual Funds
Schedule of Investments [Line Items]
Investment at Fair Value		$ 119,443	[1],[2]	$ 15,328,417	[3]
Percentage of assets in investment		0.02%	[1]	3.78%
Investments, Cost		$ 119,443	[1],[4]	$ 15,328,417	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Money Market Mutual Funds Mutual Funds
Schedule of Investments [Line Items]
Investment at Fair Value		$ 119,443	[1],[2]	$ 15,328,417	[3]
Percentage of assets in investment		0.02%	[1]	3.78%
Investments, Cost		$ 119,443	[1],[4]	$ 15,328,417	[5]
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Money Market Mutual Funds Mutual Funds State Street Institutional Treasury Plus Money Market Fund - 5.17% Investor Class Units
Schedule of Investments [Line Items]
Investments, Interest Rate		5.17%
Investment at Fair Value	[1],[2],[9],[26],[27]	$ 119,443
Investments, Cost	[1],[4],[9],[26],[27]	119,443
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Money Market Mutual Funds Mutual Funds State Street Institutional Treasury Plus Money Market Fund - Investor Class, 5.23%
Schedule of Investments [Line Items]
Investment at Fair Value	[3],[13],[28]			15,328,417
Investments, Cost	[5],[13],[28]			15,328,417
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Second Lien Debt
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 9,236,750
Percentage of assets in investment	[1]	1.57%
Investments, Cost	[1],[4]	$ 9,621,642
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Second Lien Debt Property & Casualty Insurance
Schedule of Investments [Line Items]
Investment at Fair Value	[1],[2]	$ 9,236,750
Percentage of assets in investment	[1]	1.57%
Investments, Cost	[1],[4]	$ 9,621,642
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Second Lien Debt Property & Casualty Insurance Asurion, LLC Term Loan SOFR+5.25% Interest Rate 10.71% Maturity Date 1/20/2029
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	10.71%
Investment at Fair Value	[1],[2],[7],[9]	$ 4,598,450
Investments, Cost	[1],[4],[7],[9]	$ 4,779,506
Investment, Identifier [Axis]: Investments Investments - non-controlled / non-affiliate Second Lien Debt Property & Casualty Insurance Asurion, LLC Term Loan SOFR+5.25% Interest Rate 10.71% Maturity Date 1/31/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	10.71%
Investment at Fair Value	[1],[2],[7],[9]	$ 4,638,300
Investments, Cost	[1],[4],[7],[9]	$ 4,842,136
Investment, Identifier [Axis]: Investments Investments - non-controlled /non-affiliate First Lien Debt Environmental & Facilities Service Pavement Partners Interco, LLC Term Loan SOFR+6.75% Interest Rate 12.22% Maturity Date 2/7/2028
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[19],[21]	12.22%
Investment at Fair Value	[1],[2],[7],[19]	$ 10,396,982
Investments, Cost	[1],[4],[7],[19]	$ 10,129,224
Investment, Identifier [Axis]: Investments Investments - non-controlled non-affiliate First Lien Debt Trading Companies & Distributors Foundation Building Materials Inc Term Loan SOFR+4.00% Interest Rate 9.33% Maturity Date 1/29/2031
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[9],[21]	9.33%
Investment at Fair Value	[1],[2],[7],[9]	$ 9,916,846
Investments, Cost	[1],[4],[7],[9]	$ 9,954,944
Investment, Identifier [Axis]: Investments Investments - non-controlled non-affiliate First Lien Debt Transaction & Payment Processing Services MoneyGram International Inc Term Loan SOFR+4.75% Interest Rate 10.08% Maturity Date 6/3/2030
Schedule of Investments [Line Items]
Investments, Interest Rate	[1],[7],[8],[9],[21],[25]	10.08%
Investment at Fair Value	[1],[2],[7],[8],[9],[25]	$ 9,454,875
Investments, Cost	[1],[4],[7],[8],[9],[25]	9,476,715
Investment, Identifier [Axis]: Total Investment Portfolio
Schedule of Investments [Line Items]
Investment at Fair Value	[3]			$ 531,466,625
Percentage of assets in investment				130.98%
Investments, Cost	[5]			$ 524,521,191
Non Qualifying Assets [Member]
Schedule of Investments [Line Items]
Investment at Fair Value		$ 179,595,562
Interest Rate Floor One [Member]
Schedule of Investments [Line Items]
Investment, interest rate floor		1.00%		1.00%
Interest Rate Floor Two [Member]
Schedule of Investments [Line Items]
Investment, interest rate floor		0.75%		0.75%
Interest Rate Floor Three [Member]
Schedule of Investments [Line Items]
Investment, interest rate floor		0.50%		0.50%
MoboTrex Ultimate Holdings, LLC
Schedule of Investments [Line Items]
Investment acquisition date		Jun. 07, 2024
Investments, Cost		$ 443,011
Restricted Stock [Member]
Schedule of Investments [Line Items]
Investment at Fair Value		$ 4,701,979		$ 2,240,826
Percentage of assets in investment		0.80%		0.60%
Restricted Stock [Member] | Air Control Concepts Holdings, L.P
Schedule of Investments [Line Items]
Investment acquisition date		Apr. 11, 2023		Apr. 11, 2023
Investments, Cost		$ 220,070		$ 220,070
Restricted Stock [Member] | CCI Prime Holdings, LLC
Schedule of Investments [Line Items]
Investment acquisition date		Oct. 18, 2023		Oct. 18, 2023
Investments, Cost		$ 427,914		$ 427,914
Restricted Stock [Member] | COP Foundations Investment, LLC
Schedule of Investments [Line Items]
Investment acquisition date		Apr. 14, 2024
Investments, Cost		$ 366,638
Restricted Stock [Member] | Door Pro Holdings LLC
Schedule of Investments [Line Items]
Investment acquisition date		Nov. 02, 2023		Nov. 02, 2023
Investments, Cost		$ 339,744		$ 339,744
Restricted Stock [Member] | Endurance PT Technology Holdings LLC
Schedule of Investments [Line Items]
Investment acquisition date		Feb. 29, 2024
Investments, Cost		$ 46,374
Restricted Stock [Member] | Endurance PT Technology Holdings LLC One
Schedule of Investments [Line Items]
Investment acquisition date		Feb. 29, 2024
Investments, Cost		$ 417,367
Restricted Stock [Member] | FCA Partners LLC
Schedule of Investments [Line Items]
Investment acquisition date		Apr. 17, 2023
Investments, Cost		$ 2
Restricted Stock [Member] | FCA Partners LLC One
Schedule of Investments [Line Items]
Investment acquisition date		Apr. 17, 2023
Investments, Cost		$ 200,000
Restricted Stock [Member] | MFI Group Holdings, LLC [Member]
Schedule of Investments [Line Items]
Investment acquisition date		Apr. 08, 2024
Investments, Cost		$ 201,270
Restricted Stock [Member] | Quick Roofing Acquisition, LLC
Schedule of Investments [Line Items]
Investment acquisition date		Dec. 22, 2023
Investments, Cost		$ 426,230
Restricted Stock [Member] | Quick Roofing Topco, LLC
Schedule of Investments [Line Items]
Investment acquisition date				Dec. 22, 2023
Investments, Cost				$ 426,230
Restricted Stock [Member] | Tiger Healthcare Holdings, LLC
Schedule of Investments [Line Items]
Investment acquisition date		Feb. 27, 2024
Investments, Cost		$ 562,500
Restricted Stock [Member] | WCI-BXC Investment Holdings LP
Schedule of Investments [Line Items]
Investment acquisition date		Nov. 06, 2023		Nov. 06, 2023
Investments, Cost		$ 588,357		$ 588,357

[1] All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted.

[2] Unless otherwise indicated, investments were valued using unobservable inputs and are considered Level 3 investments.

[3] Unless otherwise indicated, these investments were valued using unobservable inputs and are considered Level 3 investments.

[4] All debt investments are shown at amortized cost. All equity investments are shown at identified cost

[5] All debt investments are shown at amortized cost. All equity investments are shown at identified cost.

[6] Affiliated fund. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, the Fund's financial statements are available on the SEC's website or upon request.

[7] Security or portion of the security is pledged as collateral for JPMorgan Lending Facility

[8] The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Fund may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Fund’s total assets. As of June 30, 2024, non-qualifying assets amounted to $179,595,562 which represents 18.3% of total assets as calculated in accordance with regulatory requirements.

[9] These investments were not valued using unobservable inputs and are not considered Level 3 investments.

[10] Affiliated fund. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, the Fund's financial statements are available on the SEC's website or upon request.

[11] Security or portion of the security is pledged as collateral for JPMorgan Lending Facility.

[12] The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Fund may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Fund’s total assets. As of December 31, 2023, non-qualifying assets represented 14.4% of total assets as calculated in accordance with regulatory requirements.

[13] These investments were not valued using unobservable inputs and are not considered Level 3 investments.

[14] Restricted securities (including private placements) – Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $4,701,979 or 0.8% of net assets.

[15] Restricted securities (including private placements) – Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $2,240,826 or 0.6% of net assets. Additional information on each restricted holding is as follows:

[16] Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative cost and fair value results from unamortized fees, which are capitalized to the investment cost. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. See Notes to Consolidated Financial Statements for more information on the Fund’s unfunded commitments. The accompanying notes are an integral part of these consolidated financial statements

[17] The interest rate floor on these investments as of December 31, 2023 was 1.00%.

[18] Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative amortized cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. Negative fair value is the result of the unfunded commitment being valued below par and/or the capitalized discount on the loan. The unfunded loan commitment may be subject to a commitment termination date and may expire prior to the maturity date stated. See Notes to Financial Statements for more information on the Fund's unfunded commitments.

[19] The interest rate floor on these investments as of June 30, 2024 was 1.00%

[20] Security or portion of the security is pledged as collateral for BNP Lending Facility

[21] Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to Secured Overnight Funds Rate (SOFR), which reset monthly, quarterly, or semi-annually. For each loan, the Fund has indicated the reference rate used and provided the spread and the interest rate in effect as of June 30, 2024.

[22] The interest rate floor on these investments as of June 30, 2024 was 0.75%.

[23] The interest rate floor on these investments as of December 31, 2023 was 0.75%.

[24] The interest rate floor on these investments as of December 31, 2023 was 0.50%.

[25] The interest rate floor on these investments as of June 30, 2024 was 0.50%

[26] Security is classified as a short-term security.

[27] The rate quoted is the annualized seven-day yield of the fund at period end.

[28] The rate quoted is the annualized seven-day yield of the Fund at period end.

XML

N-2

6 Months Ended

Jun. 30, 2024

$ / shares

Cover [Abstract]

Entity Central Index Key

0001920453

Amendment Flag

false

Securities Act File Number

814-01571

Document Type

10-Q

Entity Registrant Name

Fidelity Private Credit Fund

Entity Address, Address Line One

245 Summer Street

Entity Address, City or Town

Boston

Entity Address, State or Province

MA

Entity Address, Postal Zip Code

02210

City Area Code

617

Local Phone Number

563-7000

Entity Emerging Growth Company

true

Entity Ex Transition Period

false

General Description of Registrant [Abstract]

Risk Factors [Table Text Block]

Item 1A. Risk Factors.

In addition to the other information set forth in this report, you should carefully consider the risk factors disclosed in our annual report on Form 10-K for the year ended December 31, 2023, filed with the SEC on March 22, 2024, as well as the risk factors set forth in our Post-Effective Amendment No. 2 to our registration statement on Form N-2, filed with the SEC on April 26, 2024.

Share Price

$ 25

XML

Organization

6 Months Ended

Jun. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

Note 1. Organization

Fidelity Private Credit Fund (the “Fund”) is a non-diversified, closed-end management investment company formed as a Delaware statutory trust on March 23, 2022. The Fund has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”) and also intends to elect to be treated for U.S. federal income tax purposes, and intends to qualify annually, as a regulated investment company (“RIC”) as defined under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Fund is externally managed by Fidelity Diversifying Solutions LLC (“FDS” or the “Adviser”), which is registered as an investment adviser with the U.S. Securities and Exchange Commission (the “SEC”) and is an affiliate of FMR LLC (“FMR”) and its subsidiaries. The Fund commenced operations on March 13, 2023.

The Fund’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in directly originated loans to private companies but also in liquid credit investments, like broadly syndicated loans, and other select private credit investments. The Fund generally seeks to invest in loans that carry variable (i.e., “floating”) interest rates. Under normal circumstances, the Fund will invest at least 80% of its total assets in private credit investments. Specific private investments may include: (a) directly originated first lien loans, senior secured revolving lines of credit, term loans and delayed draw term loans, (b) directly originated second lien, last out senior, secured or unsecured mezzanine term loans and delayed draw term loans, (c) club deals (investments generally comprised from a small group of lenders), and broadly syndicated leveraged loans (investments generally arranged or underwritten by investment banks or other intermediaries), and (d) other debt (collectively referred to as "Private Credit"). The Adviser may also invest to a lesser degree in equity linked instruments (may include debt with warrants, preferred equity investments, or equity co-investments). The Adviser may lead and structure the transaction as sole-lender, as the agent of a club credit facility (a group of similar direct lenders that invest in the same tranches), or may participate as a non-agent investor in a large club or syndicated transactions. In order to provide liquidity for share repurchases, the Fund intends to maintain an allocation to syndicated loans and other liquid investments.

The Fund will invest at least 70% of its total assets in investments that meet regulatory requirements of the BDC structure, which will generally include investments in companies that are private and may be backed by a Sponsor but may also include investments in small capitalization public companies or companies that are backed by a non-private equity sponsor ownership group. The majority of the Fund’s investments will be loans targeted at private U.S. operating companies whose securities are not listed on a national securities exchange or registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and public U.S. operating companies having a market capitalization of less than $250,000,000. The Fund may also invest to a lesser degree in non-U.S. companies.

The Fund offers on a continuous basis up to $1,000,000,000 of common shares of beneficial interest (the “Common Shares”) pursuant to an offering registered with the SEC (the “Offering”). The Fund offers to sell any combination of three classes of Common Shares, Class S shares, Class D shares, and Class I shares, with a dollar value up to the maximum offering amount. The share classes have different ongoing distribution and/or shareholder servicing fees. The initial offering price for the Common Shares was $25.00 per share. Thereafter, the purchase price per share for each class of Common Shares equals the net asset value (“NAV”) per share as of the effective date of the monthly share purchase date.

XML

Significant Accounting Policies

6 Months Ended

Jun. 30, 2024

Accounting Policies [Abstract]

Significant Accounting Policies

Note 2. Significant Accounting Policies

The following is a summary of the significant accounting and reporting policies used in preparing the consolidated financial statements.

Basis of Presentation

The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). The Fund is an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 and pursuant to Regulation S-X. The functional currency is the U.S. Dollar and these consolidated financial statements have been prepared in that currency. These consolidated financial statements reflect all adjustments considered necessary for the fair presentation of consolidated financial statements for the period presented. Certain prior period information has been reclassified to conform to the current period presentation and this had no effect on the Fund’s consolidated financial position or the consolidated results of operations as previously reported.

Consolidation

The Fund will generally consolidate any wholly-owned, or substantially wholly-owned, subsidiary when the design and purpose of the subsidiary is to act as an extension of the Fund’s investment operations and to facilitate the execution of the Fund’s investment strategy. Accordingly, as of June 30, 2024 and December 31, 2023, the Fund consolidated the financial position and results of its wholly-owned subsidiaries in its consolidated financial statements. All intercompany transactions and balances have been eliminated in consolidation. Since the Fund is an investment company, portfolio investments held by the Fund are not consolidated into the consolidated financial statements. The portfolio investments held by the Fund (including investments held by consolidated subsidiaries) are included on the consolidated statements of assets and liabilities as investments at fair value.

Use of Estimates

The preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts may ultimately differ from those estimates and the differences could be material.

Organization and Offering Expenses

Organization expenses include, among other things, the cost of incorporating the Fund and the cost of legal services and other fees pertaining to the Fund’s organization. These costs are expensed as incurred.

The Fund’s offering expenses include, among other things, legal fees, registration fees and other costs pertaining to the preparation of the Fund’s registration statement (and any amendments or supplements thereto) relating to the Offering and associated marketing materials. Offering expenses are recorded as deferred offering costs on the consolidated statements of assets and liabilities and amortized to expense on the Fund’s consolidated statements of operations on a straight line-basis over 12 months from the date of incurrence.

Income Taxes

The Fund intends to elect to be treated as a RIC under the Code for its taxable year ending December 31, 2023 and all periods thereafter. So long as the Fund maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Fund would represent obligations of the Fund’s investors and would not be reflected in the consolidated financial statements of the Fund.

The Fund evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof.

The Fund estimates tax liabilities for certain of the Fund’s investments held through wholly-owned subsidiaries taxed as corporations which may be subject to federal and state taxes. The tax liability may differ materially depending on conditions when these investments earn income or are disposed. The estimated tax liability of $298,615 and $0 as of June 30, 2024, and December 31, 2023, respectively, is included in other accounts payable and accrued liabilities in the consolidated statements of assets and liabilities. For the three and six months ended June 30, 2024, an increase in estimated tax liability of $298,615 is included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. For the three and six months ended June 30, 2023, there was no estimated tax liability.

The Fund files a U.S. federal income tax return, in addition to state and local tax returns as required. The Fund’s U.S. federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

To qualify for and maintain qualification as a RIC, the Fund must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Fund must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses.

In addition, based on the excise tax distribution requirements, the Fund will be subject to a 4% nondeductible U.S federal excise tax on undistributed income unless the Fund distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Fund that is subject to corporate income tax is considered to have been distributed.

For the six months ended June 30, 2024 and for the period from inception to June 30, 2023, the Fund did not incur any U.S. federal income taxes, including excise taxes.

As of June 30, 2024 and December 31, 2023, $0 and $66,312, respectively, was recorded in excise tax payable on the consolidated statements of assets and liabilities.

Deferred Financing Costs

The Fund records costs related to issuance of revolving credit facilities as deferred financing costs on the consolidated statements of assets and liabilities. These costs are deferred and amortized using the straight-line method through interest expense on the consolidated statements of operations over the life of the related credit facility.

Investment Valuation

The Fund values its investments, upon which its NAV is based, in accordance with ASC 820, Fair Value Measurement, which defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also provides a framework for measuring fair value, establishes a fair value hierarchy based on the observability of inputs used to measure fair value and prescribes disclosure requirements for fair value measurements.

Pursuant to Rule 2a-5, the Board has designated the Adviser as the valuation designee responsible for valuing all of the Fund’s investments, including making fair valuation determinations as needed. The Adviser has established a fair value committee (the “Fair Value Committee”) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern activities of the Fair Value Committee and the performance of functions required to determine the fair value of a fund’s investments in good faith. These functions include periodically assessing and managing material risks associated with fair value determinations, selecting, applying, reviewing, and testing fair value methodologies, monitoring for circumstances that may necessitate the use of fair value, and overseeing and evaluating pricing services used.

In accordance with the Adviser’s policies and procedures, which have been approved by the Board, investments, including debt securities, that are publicly traded but for which no readily available market quotations exist are generally valued on the basis of information furnished by an independent third-party pricing service that uses a valuation matrix which incorporates both dealer-supplied valuations and electronic data processing techniques. To assess the continuing appropriateness of pricing sources and methodologies, the Adviser regularly performs price verification procedures, engages in oversight activities with respect to third-party pricing sources used and issues challenges as necessary to independent pricing services or brokers, and any differences are reviewed in accordance with the valuation procedures. The Adviser does not adjust the prices unless it has a reason to believe market quotations or prices received from third-party pricing services are not reflective of the fair value of an investment.

Investments that are not publicly traded or whose current market prices or quotations are not readily available are valued at fair value as determined by the Adviser in good faith pursuant to the Adviser’s Board-approved policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. In determining fair value of the Fund’s loan investments the types of factors that the Fair Value Committee may take into account generally include comparison to publicly-traded securities including such factors as yield, maturity and measures of credit quality, the enterprise value of the portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business and other relevant factors.

The Fund has engaged an independent valuation firm to prepare month-end valuation recommendations for investments for which market quotations are not readily available as of the last calendar day of each month. The independent valuation firm undertakes a full analysis of the investments and provides estimated fair values for such investments to the Adviser. The independent valuation firm also provides analyses to support their valuation methodology and calculations. The Adviser’s Fair Value Committee reviews and approves each valuation recommendation and confirms it has been calculated in accordance with the Board-approved policies and procedures. The Fair Value Committee manages the Fund’s fair valuation practices and maintains the fair valuation policies and procedures. The Adviser reports to the Board information regarding the fair valuation process and related material matters. The Board may determine to modify its designation of the Adviser as valuation designee, relating to any or all Fund investments, at any time.

Investment Transactions

For financial reporting purposes, the Fund’s investment holdings include trades executed through the end of the last business day of the period. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method and is recorded within net realized gain (loss) on investments on the consolidated statements of operations.

Interest Income

Interest income is accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities. Commitment fees, loan origination fees, original issue discount (“OID”) and market discount or premium are capitalized into the cost of the investment to which it applies and accreted into interest income. For the Fund’s investments in revolving credit facilities and delayed draw term loans, the cost basis of the investment is adjusted for any market discount or OID on the total balance committed. The fair value is also adjusted for price appreciation or depreciation on the unfunded portion. As a result, the purchase of commitments not fully funded may result in a negative cost and fair value until funded. Upon prepayment of a loan or debt instrument, any prepayment premium and any unamortized discount or premium are recognized through interest income.

Dividend Income

Dividend income earned on the Fund’s equity and mutual fund investments is recorded on an accrual basis to the extent that such amounts are payable and are expected to be collected. Dividend income is recorded on the record date for private portfolio companies or on the ex-dividend date for mutual funds.

Fee Income

The Fund earns certain fees in connection with its direct lending underwriting activities. These fees are in addition to interest payments earned and may include amendment fees, consent fees and syndication fees. Certain fees such as structuring fees and syndication fees are recorded as other income when earned. Administrative agent fees received by the Fund are recorded as other income when received.

Non-Accrual Policy

Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured. As of June 30, 2024 and December 31, 2023, no loans in the portfolio were on non-accrual status.

Cash

Cash represents deposits maintained with the Fund’s custodian bank. At times, deposits may be in excess of federally insured limits. The Fund has not experienced any losses and does not believe it is exposed to any significant credit risk on such deposits.

Expenses

Expenses are recorded on the accrual basis. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Foreign Currency

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rate at period end. Purchases and sales of securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

Unrealized gains and losses on foreign currency holdings and non-investment assets and liabilities attributable to the changes in foreign currency exchange rates are included in the net change in unrealized appreciation/(depreciation) on foreign currency translation on the consolidated statements of operations. Net realized gains and losses on foreign currency holdings and non-investment assets and liabilities attributable to changes in foreign currency exchange rates are included in realized gain (loss) on foreign currency transactions on the consolidated statements of operations. The portion of both realized and unrealized gains and losses on investments that result from changes in foreign currency exchange rates is included in realized gain (loss) on investments and net change in unrealized appreciation (depreciation) on investments, respectively, on the consolidated statements of operations.

New Accounting Pronouncements

In November 2023, the FASB issued Accounting Standards Update (ASU) 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. Effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, the amendments enhance required disclosures of segment information for public entities on an annual and interim basis. The ASU allows for early adoption with updates applied retrospectively. Management is currently evaluating the impact on the consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024 for public business entities (PBEs), and December 15, 2025 for entities other than PBEs, the amendment requires greater disaggregation of income tax disclosures related to the income tax rate reconciliation for PBEs and income taxes paid for all entities. The ASU allows for early adoption and the Fund can elect to apply the amendments on a prospective or retrospective basis. Management is currently evaluating the impact on the consolidated financial statements.

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Related Party Agreements and Transactions

6 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

Related Party Agreements and Transactions

Note 3. Related Party Agreements and Transactions

Investment Advisory Agreement

The Fund has entered into an Investment Advisory Agreement (the “Advisory Agreement”) with the Adviser, pursuant to which the Adviser will manage the Fund on a day-to-day basis. The Adviser is responsible for determining the composition of the Fund’s portfolio, making investment decisions, monitoring the Fund’s investments, performing due diligence on prospective portfolio companies, exercising voting rights in respect of portfolio securities, obtaining and managing financing facilities and other forms of leverage and providing the Fund with such other investment advisory and related services as the Fund may, from time to time, reasonably require for the investment of capital.

The Fund will pay the Adviser a fee for its services under the Advisory Agreement consisting of two components, a management fee and an incentive fee. The cost of both the management fee and the incentive fee will ultimately be borne by the shareholders.

Management Fee

The management fee is payable monthly in arrears at an annual rate of 1.25% of the value of the Fund’s net assets as of the beginning of the first calendar day of the applicable month. For purposes of the Advisory Agreement, net assets mean the Fund’s total assets less liabilities determined on a consolidated basis in accordance with GAAP. For the first calendar month in which the Fund had operations, net assets was measured as the beginning net assets as of the date on which the Fund broke escrow, which was March 13, 2023. Fees payable for any partial period are appropriately prorated.

The Adviser agreed to waive the management fee for the first six months following the date on which the Fund broke escrow, which occurred on March 13, 2023. On August 9, 2023, the Adviser agreed to extend the waiver of the Fund's management fee until December 31, 2023.

For the three and six months ended June 30, 2024, management fees earned were $1,749,476 and $3,210,454, respectively, and there were no management fees waived. For the three and six months ended June 30, 2023, management fees earned were $481,257 and $546,448, respectively. All management fees incurred in the six months ended June 30, 2023 were voluntarily waived by the Adviser.

As of June 30, 2024 and December 31, 2023, $1,198,148 and $0, respectively, were payable to the Adviser for management fees.

Incentive Fees

The incentive fee will consist of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee is based on a percentage of the Fund’s income and a portion is based on a percentage of the Fund’s capital gains, each as described below.

Incentive Fee based on Income

The incentive fee based on the Fund’s income is based on Pre-Incentive Fee Net Investment Income Returns attributable to each class of the Fund’s Common Shares. “Pre-Incentive Fee Net Investment Income Returns” means dividends, cash interest or other distributions or other cash income and any third-party fees received from portfolio companies such as upfront fees, commitment fees, origination fee, amendment fees, ticking fees and break-up fees, as well as prepayments premiums, but excluding fees for providing managerial assistance and fees earned by the Adviser or an affiliate accrued during the month, minus operating expenses for the month (including the management fee, taxes, any expenses payable under the Advisory Agreement and an administration agreement with the Fund’s administrator, any expense of securitizations, and interest expense or other financing fees and any dividends paid on preferred stock, but excluding the incentive fee and shareholder servicing and /or distribution fees). Pre-Incentive Fee Net Investment Income Returns includes, in the case of investments with a deferred interest feature (such as OID, debt instruments with payment-in-kind (“PIK”) interest and zero-coupon securities), accrued income that the Fund has not yet received in cash. Pre-Incentive Fee Net Investment Income Returns do not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. The impact of expense support payments and recoupments are also excluded from Pre-Incentive Fee Net Investment Income Returns.

Pre-Incentive Fee Net Investment Income Returns, expressed as a rate of return on the value of the Fund’s net assets at the end of the immediately preceding quarter, is compared to a “hurdle rate” of return of 1.25% per quarter (5.00% annualized).

The Fund will pay the Adviser an income based incentive fee quarterly in arrears with respect to the Fund’s Pre-Incentive Fee Net Investment Income Returns in each calendar quarter as follows:

▪No incentive fee based on Pre-Incentive Fee Net Investment Income Returns in any calendar quarter in which the Fund’s Pre-Incentive Fee Net Investment Income Returns attributable to the applicable share class do not exceed the hurdle rate of 1.25% per quarter (5.00% annualized);

▪100% of the dollar amount of the Fund’s Pre-Incentive Fee Net Investment Income Returns with respect to that portion of such Pre-Incentive Fee Net Investment Income Returns attributable to the applicable share class, if any, that exceeds the hurdle rate but is less than a rate of return of 1.43% (5.72% annualized). This portion of the Fund’s Pre-Incentive Fee Net Investment Income Returns (which exceeds the hurdle rate but is less than 1.43%) is referred to as the “catch-up.” The “catch-up” is meant to provide the Adviser with approximately 12.5% of the Fund’s Pre-Incentive Fee Net Investment Income Returns as if a hurdle rate did not apply if this net investment income exceeds 1.43% in any calendar quarter; and

▪12.5% of the dollar amount of the Fund’s Pre-Incentive Fee Net Investment Income Returns attributable to the applicable share class, if any, that exceed a rate of return of 1.43% (5.72% annualized). This reflects that once the hurdle rate is reached and the catch-up is achieved, 12.5% of all Pre-Incentive Fee Net Investment Income Returns thereafter are allocated to the Adviser.

These calculations are pro-rated for any period of less than three months and adjusted for any share issuances or repurchases during the relevant quarter. The Adviser agreed to waive the incentive fee based on income for the first six months following the date on which the Fund broke escrow, which occurred on March 13, 2023. For the three and six months ended June 30, 2024, incentive fees based on income were $2,108,026 and $3,785,319, respectively. For the three and six months ended June 30, 2023, incentive fees based on income were $442,889 and $489,804, respectively. All incentive fees based on income incurred in 2023 were voluntarily waived by the Adviser.

As of June 30, 2024 and December 31, 2023, $2,108,026 and $0, respectively, were payable to the Adviser for incentive fees based on income.

Incentive Fee based on Capital Gains

The second component of the incentive fee, the capital gains incentive fee, is payable at the end of each calendar year in arrears. The amount payable equals 12.5% of cumulative realized capital gains attributable to the applicable share class from inception through the end of such calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid incentive fee on capital gains as calculated in accordance with GAAP.

US GAAP requires that the incentive fee accrual consider the cumulative aggregate unrealized appreciation of investments in the calculation, as an incentive fee would be payable if such unrealized appreciation were realized, even though such unrealized capital appreciation is not permitted to be considered in calculating the fee actually payable under the Advisory Agreement (the “GAAP Incentive Fee”). There can be no assurance that such unrealized appreciation will be realized in the future. Accordingly, such fee, as calculated and accrued, would not necessarily be payable under the Advisory Agreement, and may never be paid based upon the computation of incentive fees in subsequent periods. The accrual for any capital gains incentive fee under U.S. GAAP in a given period may result in an additional expense if such cumulative amount is greater than in the prior period or a reduction of previously recorded expense if such cumulative amount is less than in the prior period. If such cumulative amount is negative, then there is no accrual. For the three and six months ended June 30, 2024, $122,376 and $18,474, respectively, of expense was recognized related to the GAAP Incentive Fee and is recorded in capital gains incentive fees on the consolidated statements of operations. For the three and six months ended June 30, 2023 $55,095 and $185,262, respectively, of expense was recognized related to the GAAP Incentive Fee and is recorded in capital gains incentive fees on the consolidated statements of operations.

As of June 30, 2024 and December 31, 2023, $886,652 and $868,178, respectively, related to the GAAP Incentive Fee is recorded in capital gains incentive fee payable on the consolidated statements of assets and liabilities, none of which is payable under the Advisory Agreement.

Administration Agreement

The Fund has entered into an Administration Agreement (the “Administration Agreement”) with FDS (the “Administrator”). Under the terms of the Administration Agreement, the Administrator provides, or oversees the performance of, administrative and compliance services necessary for the Fund's operations, including, but not limited to, maintaining financial records, overseeing the calculation of NAV, compliance monitoring (including diligence and oversight of our other service providers), preparing reports to shareholders and reports filed with the SEC and other regulators, preparing materials and coordinating meetings of our Board, managing the payment of expenses, the payment and receipt of funds for investments and the performance of administrative and professional services rendered by others and providing office space, equipment and office services. In consideration of the administrative services provided by the Administrator to the Fund, the Fund pays the Administrator a monthly fee of 0.02666% (0.32% on an annualized basis) of the Fund’s month-end NAV and reimburses the Administrator for the costs and expenses of the Fund incurred by the Administrator. The fee paid to the Administrator is an expense paid out of the Fund’s net assets and is computed based on the value of the net assets of the Fund as of the close of business on the last business day of each month (including any assets in respect of Common Shares that are repurchased as of the end of the quarter).

From time to time, FDS, in its capacity as both the Adviser and the Administrator or its affiliates may pay third-party providers of goods or services. Unless such expenses are specifically assumed by the Adviser, Administrator or its affiliates under the Advisory Agreement or Administration Agreement, the Fund will reimburse the Adviser, the Administrator or such affiliates thereof for any such amounts paid on the Fund’s behalf. From time to time, the Adviser or the Administrator may defer or waive fees and/or rights to be reimbursed for expenses.

Costs and expenses of FDS in its capacity as both the Administrator and the Adviser that are eligible for reimbursement by the Fund will be reasonably allocated to the Fund on the basis of time spent, assets under management, usage rates, proportionate holdings, a combination thereof or other reasonable methods determined by the Administrator.

For the three and six months ended June 30, 2024, the Fund incurred $453,724 and $831,925, respectively, in expenses under the Administration Agreement, which were recorded as Administration Fees on the consolidated statements of operations. For the three and six months ended June 30, 2023, the Fund incurred $124,127 and $140,941, respectively, in expenses under the Administration Agreement, pro-rated for the period March 13 (commencement of operations) through June 30, 2023, which were recorded as Administration Fees on the consolidated statements of operations.

As of June 30, 2024, $310,669 was unpaid and included in due to affiliates, net in the consolidated statements of assets and liabilities. As of December 31, 2023, $109,398 was unpaid and included in due from affiliates, net in the consolidated statements of assets and liabilities.

Certain Terms of the Advisory Agreement and Administration Agreement

Each of the Advisory Agreement and the Administration Agreement has been approved by the Board. Unless earlier terminated as described below, each of the Advisory Agreement and the Administration Agreement will remain in effect for a period of two years from the date it first becomes effective and will remain in effect from year-to-year thereafter if approved annually by a majority of the Board or by the holders of a majority of the Fund’s outstanding voting securities and, in each case, a majority of the Independent Trustees. The Fund may terminate the Advisory Agreement upon 60 days’ written notice, and the Administration Agreement upon 120 days’ written notice, without payment of any penalty. The decision to terminate either agreement may be made by a majority of the Board or the shareholders holding a majority of the Fund’s outstanding voting securities, which means the lesser of (1) 67% or more of the voting securities present at a meeting if more than 50% of the outstanding voting securities are present or represented by proxy, or (2) more than 50% of the outstanding voting securities. In addition, without payment of any penalty, the Adviser may terminate the Advisory Agreement upon 120 days’ written notice and the Administrator may terminate the Administration Agreement upon 120 days’ written notice. The Advisory Agreement will automatically terminate within the meaning of the 1940 Act and related SEC guidance and interpretations in the event of its assignment.

Transfer Agent Agreement

The Fund has entered into a Transfer Agent Agreement with Fidelity Investments Institutional Operations Company LLC (“FIIOC”), an affiliate of the Adviser. In accordance with the Transfer Agent Agreement, FIIOC is the Fund’s transfer agent, distribution paying agent and registrar. FIIOC receives an asset-based fee with respect to each class of Common Shares. Each class pays a fee for transfer agent services equal to 0.0125% (0.15% on an annualized basis) of class-level net assets as of the end of the last business day of the month. Such fees are payable in arrears.

For the three and six months ended June 30, 2024, the Fund incurred $212,696 and $389,978, respectively, for transfer agency services which were recorded in other general and administrative expenses. For the three and six months ended June 30, 2023, the Fund incurred $58,185 and $66,066, respectively, of fees were incurred for transfer agency services, pro-rated for the period March 13 (commencement of operations) through June 30, 2023, and are recorded in other general and administrative expenses.

As of June 30, 2024, $145,626 was unpaid and included in due to affiliates, net in the consolidated statements of assets and liabilities. As of December 31, 2023, $51,238 was unpaid and included in due from affiliates, net in the consolidated statements of assets and liabilities.

Managing Dealer Agreement

The Fund has entered into a Managing Dealer Agreement (the “Managing Dealer Agreement”) with Fidelity Distributors Company LLC (the “Managing Dealer”). Under the terms of the Managing Dealer Agreement, the Managing Dealer will serve as the managing dealer for the Offering. The Managing Dealer will be entitled to receive shareholder servicing and/or distribution fees monthly in arrears at a contractual rate of 0.85% per annum of the aggregate value of the Fund’s net assets attributable to Class S shares as of the beginning of the first calendar day of the month. The Managing Dealer will be entitled to receive shareholder servicing fees monthly in arrears at a contractual rate of 0.25% per annum of the aggregate value of the Fund’s net assets attributable to Class D shares as of the beginning of the first calendar day of the month. No shareholder servicing and/or distribution fees will be paid with respect to Class I. The shareholder servicing and/or distribution fees will be paid monthly in arrears. The shareholder servicing and/or distribution fees will be payable to the Managing Dealer, but the Managing Dealer will reallow (pay) all or a portion of the shareholder servicing fees to participating brokers and servicing brokers for ongoing shareholder services performed by such brokers and will waive shareholder servicing fees to the extent a broker is not eligible to receive it for failure to provide such services.

The Managing Dealer will cease receiving the distribution and/or shareholder servicing fee on Class S shares and Class D shares upon the earlier to occur of the following: (i) a listing of Class I shares, (ii) the merger or consolidation of the Fund with or into another entity, or the sale or other disposition of all or substantially all of the Fund’s assets, or (iii) the date following the completion of the primary portion of the Offering on which, in the aggregate, underwriting compensation from all sources in connection with such Offering is equal to 10% of the gross proceeds from our primary shares sold in such Offering, as determined in good faith by the Managing Dealer in its sole discretion.

In addition, at the end of the month in which the Managing Dealer in conjunction with the transfer agent determines that total transaction or other fees, including upfront placement fees or brokerage commissions, and shareholder servicing and/or distribution fees paid with respect to any single share held in a shareholder’s account would exceed, in the aggregate, 10% of the gross proceeds from the sale of such share (or a lower limit as determined by the Managing Dealer or the applicable broker), the Managing Dealer shall cease receiving the shareholder servicing and/or distribution fee on either (i) each such share that would exceed such limit or (ii) all Common Shares in such shareholder’s account, in the Managing Dealer’s discretion. At the end of such month, the applicable Distribution Shares in such shareholder’s account will convert into a number of Class I shares (including any fractional shares), with an equivalent aggregate NAV.

The Managing Dealer is a broker-dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority. The Managing Dealer Agreement may be terminated at any time, without the payment of any penalty, by vote of a majority of the Fund’s trustees who are not “interested persons,” as defined in the 1940 Act, of the Fund and who have no direct or indirect financial interest in the Fund’s distribution plan or the Managing Dealer Agreement or by vote a majority of the outstanding voting securities of the Fund, on not more than 60 days’ written notice to the Managing Dealer or the Adviser. This Agreement will automatically terminate in the event of its assignment, as defined in the 1940 Act.

Either party may terminate the Managing Dealer Agreement upon 60 days’ written notice to the other party or immediately upon notice to the other party in the event such other party failed to comply with a material provision of the Managing Dealer Agreement. Obligations under the Managing Dealer Agreement to pay the shareholder servicing and/or distribution fees with respect to the Class S and Class D shares distributed in our Offering as described therein shall survive termination of the agreement until such shares are no longer outstanding (including such shares that have been converted into Class I shares, as described above).

Shareholder Servicing and/or Distribution Fees

The following table shows the shareholder servicing and/or distribution fees the Fund pays the Managing Dealer with respect to the Class S, Class D and Class I Common Shares on an annualized basis as a percentage of NAV for such class:

	Shareholder Servicing and/ or Distribution Fee as a % of NAV
Class S shares		0.85	%
Class D shares		0.25	%
Class I shares		—

The shareholder servicing and/or distribution fees will be paid monthly in arrears, calculated using the NAV of the applicable class as of the beginning of the first calendar day of the month, subject to FINRA and other limitations on underwriting compensation.

The Managing Dealer will reallow (pay) all or a portion of the shareholder servicing and/or distribution fees to participating brokers and servicing brokers for ongoing shareholder services performed by such brokers, and will waive shareholder servicing and/or distribution fees to the extent a broker is not eligible to receive it for failure to provide such services. Because the shareholder servicing and/or distribution fees with respect to Class S shares and Class D shares are calculated based on the aggregate NAV for all of the outstanding shares of each such class, it reduces the NAV with respect to all shares of each such class, including shares issued under our distribution reinvestment plan.

Eligibility to receive the shareholder servicing and/or distribution fee is conditioned on a broker providing the following ongoing services with respect to the Class S or Class D shares: assistance with recordkeeping, answering investor inquiries regarding us, including regarding distribution payments and reinvestments, helping investors understand their investments upon their request, and assistance with share repurchase requests. If the applicable broker is not eligible to receive the shareholder servicing and/or distribution fee due to failure to provide these services, the Managing Dealer will waive the shareholder servicing fee and/or distribution that broker would have otherwise been eligible to receive. The shareholder servicing and/or distribution fees are ongoing fees that are not paid at the time of purchase.

For the three and six months ended June 30, 2024, the Fund incurred distribution and shareholder servicing fees for Class S of $56 and $78, respectively. For the three and six months ended June 30, 2024 the Fund incurred distribution and shareholder servicing fees for Class D of $7 and $13, respectively. For the three and six months ended June 30, 2023, the Fund did not incur any distribution and shareholder servicing fees for Class S and Class D.

As of June 30, 2024 and December 31, 2023 there was $0 and $9, respectively, payable and recorded in due to affiliates, net and shareholder servicing fee payable, respectively, in the consolidated statements of assets and liabilities.

Affiliate Ownership

As of June 30, 2024, an affiliate of the Adviser held 415 shares (100%) and 415 shares (18%) of the Fund’s Class D Common Shares and Class S Common Shares, respectively.

As of December 31, 2023, an affiliate of the Adviser held 395 shares (100%) and 395 shares (100%) of the Fund’s Class D Common Shares and Class S Common Shares, respectively.

Expense Support and Conditional Reimbursement Agreement

The Fund has entered into an Expense Support and Conditional Reimbursement Agreement (the “Expense Support Agreement”) with the Adviser. Pursuant to the Expense Support Agreement, for the twelve month period commencing the date of Agreement, September 23, 2022, and unless terminated, for each successive one year period, the Adviser is obligated to advance all of our Other Operating Expenses (including organizational and offering expenses) to the effect that such expenses do not exceed 0.70% (on an annualized basis) of the Fund’s NAV. Any Required Expense Payment must be paid by the Adviser to the Fund in any combination of cash or other immediately available funds and/or offset against amounts due from the Fund to the Adviser or its affiliates. “Other Operating Expenses” means the Fund’s organization and offering expenses, professional fees (including accounting, legal, and auditing fees), custodian and transfer agent fees, third party valuation agent fees, insurance costs, trustee fees, administration fees, and other general and administrative expenses.

Upon the termination of Adviser’s obligation to make Required Expense Payments, the Adviser may elect to pay, at such times as the Adviser determines, certain expenses on the Fund’s behalf, provided that no portion of the payment will be used to pay any interest expense or distribution and/or shareholder servicing fees of the Fund (referred to as “Voluntary Expense Payment” and together with a Required Expense Payment, the “Expense Payments”). Any Voluntary Expense Payment that the Adviser has committed to pay must be paid by the Adviser to the Fund in any combination of cash or other immediately available funds no later than 45 days after such commitment was made in writing, and/or offset against amounts due from the Fund to the Adviser or its affiliates.

Following any calendar month in which Available Operating Funds (as defined below) exceed the cumulative distributions accrued to the Fund’s shareholders based on distributions declared with respect to record dates occurring in such calendar month (the amount of such excess being hereinafter referred to as “Excess Operating Funds”), the Fund shall pay such Excess Operating Funds, or a portion thereof, to the Adviser until such time as all Expense Payments made by the Adviser to the Fund within 3 years prior to the last business day of such calendar month have been reimbursed. Any payments required to be made by the Fund shall be referred to herein as a “Reimbursement Payment.”

“Available Operating Funds” means the sum of (i) the Fund’s net investment company taxable income (including net short-term capital gains reduced by net long-term capital losses), (ii) the Fund’s net capital gains (including the excess of net long-term capital gains over net short-term capital losses) and (iii) dividends and other distributions paid to the Fund on account of investments in portfolio companies (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above).

No Reimbursement Payment for any month shall be made if: (1) the Effective Rate of Distributions Per Share declared by the Fund at the time of such Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the Expense Payment was made to which such Reimbursement Payment relates, (2) the Fund’s Operating Expense Ratio at the time of such Reimbursement Payment is greater than the Operating Expense Ratio at the time the Expense Payment was made to which such Reimbursement Payment relate, or (3) the Fund’s Other Operating Expenses at the time of such Reimbursement Payment exceeds 0.70% of the Fund’s NAV. “Effective Rate of Distributions Per Share” means the annualized rate (based on a 365-day year) of regular cash distributions per share exclusive of returns of capital, distribution rate reductions due to distribution and shareholder servicing fees, and declared special dividends or special distributions, if any. The “Operating Expense Ratio” is calculated by dividing Operating Expenses, less organizational and offering expenses, management and incentive fees owed to the Adviser, shareholder servicing and/or distribution fees, and interest expense, by the Fund’s net assets. “Operating Expenses” means all of the Fund’s operating costs and expenses incurred, as determined in accordance with generally accepted accounting principles for investment companies.

The Fund’s obligation to make a Reimbursement Payment shall automatically become a liability of the Fund on the last business day of the applicable calendar month, except to the extent the Adviser has waived its right to receive such payment for the applicable month.

Effective from the date the Fund broke escrow, which was March 13, 2023, FDS has voluntarily agreed to waive its right to receive any Reimbursement Payment for any Excess Operating Funds incurred in any month prior to a revocation. Any such amounts shall not be considered unreimbursed Expense Payments reimbursable in future months pursuant to the terms of the Expense Support Agreement. This voluntary arrangement can be terminated at any time, upon thirty days’ prior written notice to the Fund.

The following table presents a summary of Expense Payments and related Reimbursement Payments since the Fund’s commencement of operations:

For the three months ended	Amount of Expense Support		Amount of Reimbursement Payment		Amount of Unreimbursed Expense Support		Reimbursement Eligibility Expiration
September 30, 2022	$	497,933	$	—	$	—	*
December 31, 2022		349,999		—		—	*
March 31, 2023		677,518		—		—	*
June 30, 2023		694,335		—		—	*
September 30, 2023		651,125		—		—	*
December 31, 2023		521,434		—		—	*
March 31, 2024		454,648		—		—	*
June 30, 2024		136,913		—		—	*
Total	$	3,983,905	$	—	$	—

* Unreimbursed expense support incurred for these periods have been waived and are not eligible for reimbursement.

Administrative Agent Expense Allocation Agreement

Fidelity Direct Lending LLC (“FDL”), an affiliate of the Fund, acts as administrative agent for certain of the Fund’s loan investments. As an administrative agent, FDL is responsible for performing loan administrative services on behalf of borrowers and lenders and is entitled to fees for those services. FDL does not retain fees from portfolio companies for providing services with respect to loans in which the Fund has invested. Pursuant to the Amended and Restated Administrative Agent Expense Allocation Agreement (the “Agent Allocation Agreement”), all fees earned and expenses incurred by FDL are transferred pro rata to the Fund and other affiliated funds based on the amounts the funds invested or committed, provided that those expenses shall not exceed the fees received by the Fund by FDL. Any income received or expense incurred is included in Other income or Other general and administrative expenses, respectively, in the consolidated statements of operations.

Affiliated Investments

The table below presents the Fund’s affiliated investments as of June 30, 2024:

	Fair Value as of December 31, 2023		Gross Additions		Gross Reductions		Change in Unrealized Appreciation (Depreciation)			Realized Gains (Losses)		Fair Value as of June 30, 2024		Dividend and Interest Income
Non-controlled/ Affiliate Investments
Fidelity Floating Rate Central Fund	$	24,795,483	$	1,176,732	$	—	$	(149,760	)	$	—	$	25,822,455	$	1,211,130
Total	$	24,795,483	$	1,176,732	$	—	$	(149,760	)	$	—	$	25,822,455	$	1,211,130

The table below presents the Fund’s affiliated investments as of December 31, 2023:

	Fair Value as of December 31, 2022		Gross Additions		Gross Reductions			Change in Unrealized Appreciation (Depreciation)		Realized Gains (Losses)		Fair Value as of December 31, 2023		Dividend and Interest Income
Non-controlled/ Affiliate Investments
Fidelity Floating Rate Central Fund	$	—	$	24,436,874	$	—		$	358,609	$	—	$	24,795,483	$	949,591
Fidelity Investments Money Market Government Portfolio Class I		—		124,323,429		(124,323,429	)		—		—		—		179,725
Total	$	—	$	148,760,303	$	(124,323,429	)	$	358,609	$	—	$	24,795,483	$	1,129,316

Co-investment Relief

The Fund and the Adviser have received an exemptive order from the SEC that permits the Fund, among other things, to co-invest with certain other persons in negotiated transactions, including certain affiliates of the Adviser and certain funds managed and controlled by the Adviser and its affiliates, subject to certain terms and conditions. Pursuant to such order, the Fund’s Board may establish Board-Established Criteria clearly defining co-investment opportunities in which the Fund will have the opportunity to participate with other public or private affiliated funds that target similar assets. If an investment falls within the Board-Established Criteria, the Adviser must offer an opportunity for the Fund to participate. The Fund may determine to participate or not to participate, depending on whether the Adviser determines that the investment is appropriate for the Fund (e.g., based on investment strategy). The co-investment would generally be allocated to the Fund and the other affiliated funds that target similar assets in accordance with the Adviser’s allocation policies and procedures. If the Adviser determines that such investment is not appropriate for the Fund, the investment will not be allocated to the Fund, but the Adviser will be required to report such investment and the rationale for its determination for the Fund to not participate in the investment to the Board at the next quarterly board meeting.

Due to/from Affiliates

As of June 30, 2024, the Fund owed a net amount of $360,535 to various affiliates, including $456,348 for expenses paid for administration fees and transfer agent fees and $95,813 to be received for expense reimbursements. These amounts are included in due to affiliates, net in the consolidated statements of assets and liabilities. As of December 31, 2023, the Fund was owed a net amount of $561,250, including $622,620 for expenses paid for administration fees, distribution fees and transfer agent fees and $1,183,870 to be received for expense reimbursements. These amounts are included in due from affiliates, net in the consolidated statements of assets and liabilities.

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Investments

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Investments

Note 4. Investments

The composition of the Fund’s investment portfolio at cost and fair value was as follows:

	June 30, 2024							December 31, 2023
	Amortized Cost		Fair Value		% of Total Investments at Fair Value			Amortized Cost		Fair Value		% of Total Investments at Fair Value
Total First Lien Debt	$	869,879,837	$	877,159,756		95.7	%	$	482,753,585	$	489,101,899		92.0	%
Total Second Lien Debt		9,621,642		9,236,750		1.0	%		—		—		0.0	%
Total Equity		4,239,476		4,701,979		0.5	%		2,002,315		2,240,826		0.4	%
Total Mutual Funds		25,733,049		25,941,898		2.8	%		39,765,291		40,123,900		7.6	%
Total Investment Portfolio	$	909,474,004	$	917,040,383		100.0	%	$	524,521,191	$	531,466,625		100.0	%

The industry composition of investments at fair value was as follows:

	June 30, 2024			December 31, 2023
Application Software		14.7	%		19.4	%
Health Care Services		10.2	%		6.4	%
Industrial Machinery & Supplies & Components		8.3	%		1.8	%
Specialized Consumer Services		8.2	%		13.2	%
Diversified Support Services		6.8	%		8.0	%
Human Resource & Employment Services		3.5	%		0.0	%
Electrical Components & Equipment		3.1	%		0.0	%
Life Sciences Tools & Services		3.0	%		5.2	%
Insurance Brokers		2.8	%		3.8	%
Mutual Funds		2.8	%		7.6	%
Property & Casualty Insurance		2.8	%		0.0	%
Environmental & Facilities Services		2.7	%		3.7	%
Aerospace & Defense		2.6	%		1.7	%
Packaged Foods & Meats		2.2	%		3.7	%
Automotive Parts & Equipment		2.1	%		3.7	%
Trading Companies & Distributors		2.0	%		1.2	%
Building Products		1.7	%		1.2	%
Soft Drinks & Non-Alcoholic Beverages		1.6	%		2.1	%
Air Freight & Logistics		1.4	%		2.8	%
Health Care Facilities		1.3	%		2.4	%
Education Services		1.1	%		1.4	%
Pharmaceuticals		1.1	%		1.9	%
Specialized Finance		1.1	%		1.9	%
Transaction & Payment Processing Services		1.0	%		0.0	%
Advertising		0.9	%		1.6	%
Commodity Chemicals		0.9	%		1.6	%
Data Processing & Outsourced Services		0.8	%		0.0	%
Food Retail		0.8	%		1.4	%
Health Care Supplies		0.8	%		0.0	%
Oil & Gas Refining & Marketing		0.8	%		1.4	%
Fertilizers & Agricultural Chemicals		0.6	%		0.0	%
Internet Services & Infrastructure		0.6	%		0.0	%
Security & Alarm Services		0.6	%		0.0	%
Diversified Chemicals		0.5	%		0.0	%
Diversified Financial Services		0.5	%		0.9	%
Health Care Distributors		0.5	%		0.0	%
Health Care Technology		0.5	%		0.0	%
Research & Consulting Services		0.5	%		0.0	%
Specialty Chemicals		0.5	%		0.0	%
Systems Software		0.5	%		0.0	%
Food Distributors		0.4	%		0.0	%
Home Improvement Retail		0.4	%		0.0	%
Metal, Glass & Plastic Containers		0.4	%		0.0	%
Personal Care Products		0.3	%		0.0	%
Asset Management & Custody Banks		0.1	%		0.0	%
Construction Materials		0.0	%		0.0	%
Total		100.0	%		100.0	%

The geographic composition of investments at fair value was as follows:

	June 30, 2024								December 31, 2023
	Fair Value		% of Total Investments at Fair Value			Fair Value as % of Net Assets			Fair Value		% of Total Investments at Fair Value			Fair Value as % of Net Assets
United States	$	873,667,539		95.3	%		149.0	%	$	489,333,017		92.1	%		120.6	%
Australia		32,179,916		3.5	%		5.5	%		31,851,963		6.0	%		7.8	%
Canada		10,223,857		1.1	%		1.7	%		10,281,645		1.9	%		2.5	%
Luxembourg		969,071		0.1	%		0.2	%		—		0.0	%		0.0	%
Total	$	917,040,383		100.0	%		156.4	%	$	531,466,625		100.0	%		130.9	%

As of June 30, 2024 and December 31, 2023, on a fair value basis, 100% of debt investments bore interest at a floating rate and 0% of debt investments bore interest at a fixed rate. As of June 30, 2024 and December 31, 2023, there were no investments on non-accrual status.

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Fair Value Measurements

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value Measurements

Note 5. Fair Value Measurements

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 — unadjusted quoted prices in active markets for identical investments

Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 — unobservable inputs (including the Fund’s own assumptions based on the best information available)

The following is a summary of the inputs used, as of June 30, 2024 and December 31, 2023, involving the Fund’s assets carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities.

	June 30, 2024
	Level 1		Level 2		Level 3		Total
First lien debt	$	—	$	209,214,632	$	667,945,124	$	877,159,756
Second lien debt		—		9,236,750		—		9,236,750
Equity investments		—		—		4,701,979		4,701,979
Mutual Funds		25,941,898		—		—		25,941,898
Total Investments	$	25,941,898	$	218,451,382	$	672,647,103	$	917,040,383

	December 31, 2023
	Level 1		Level 2		Level 3		Total
First lien debt	$	—	$	63,355,799	$	425,746,100	$	489,101,899
Second lien debt		—		—		—		—
Equity investments		—		—		2,240,826		2,240,826
Mutual Funds		40,123,900		—		—		40,123,900
Total Investments	$	40,123,900	$	63,355,799	$	427,986,926	$	531,466,625

The following tables provide a reconciliation of the beginning and ending balances for investments for which fair value was determined using Level 3 inputs for the six months ended June 30, 2024 and 2023:

	Six Months Ended June 30, 2024
	First Lien Debt			Equity		Total Investments
Fair value, beginning of period	$	425,746,100		$	2,240,826	$	427,986,926
Purchases of investments		349,793,514			2,237,161		352,030,675
Proceeds from principal repayments and sales of investments		(110,113,669	)		—		(110,113,669	)
Accretion of discount/ amortization of premium		1,050,078			—		1,050,078
Net realized gain (loss)		(244,920	)		—		(244,920	)
Net change in unrealized appreciation (depreciation)		1,714,021			223,992		1,938,013
Fair value, end of period	$	667,945,124		$	4,701,979	$	672,647,103
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2024	$	1,989,614		$	223,992	$	2,213,606

	Six Months Ended June 30, 2023
	First Lien Debt			Equity		Total Investments
Fair value, beginning of period	$	—		$	—	$	—
Purchases of investments		160,111,422			220,070		160,331,492
Proceeds from principal repayments and sales of investments		(427,574	)		—		(427,574	)
Accretion of discount/ amortization of premium		232,064			—		232,064
Net change in unrealized appreciation (depreciation)		947,294			4,622		951,916
Fair value, end of period	$	160,863,206		$	224,692	$	161,087,898
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2023	$	947,294		$	4,622	$	951,916

The information used in the above reconciliation represents period to date activity for any investments identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represent the beginning value of any security or instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases may include securities received through corporate actions or exchanges.

The following provides information on Level 3 securities held by the Fund that were valued at June 30, 2024 and December 31, 2023 based on unobservable inputs:

	June 30, 2024
					Range
	Fair Value		Valuation Technique	Unobservable Input	Low			High			Weighted Average			Impact to Valuation from an Increase in Input*
First Lien Debt	$	667,945,124	Market approach	Transaction price	$	98.00		$	99.25		$	98.57		Increase
			Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		9.80			9.80			9.80		Increase
			Discounted cash flow	Yield		8.8	%		13.8	%		10.6	%	Decrease
			Indicative market price	Evaluated bid	$	98.00		$	98.00		$	98.00		Increase
Equities		4,701,979	Market approach	Transaction price	$	1.00		$	1.00		$	1.00		Increase
			Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		3.80			17.50			9.80		Increase
Total	$	672,647,103

	December 31, 2023
					Range
	Fair Value		Valuation Technique	Unobservable Input	Low			High			Weighted Average			Impact to Valuation from an Increase in Input*
First Lien Debt	$	425,746,100	Market approach	Transaction price	$	73.96		$	97.50		$	83.19		Increase
			Indicative market price	Evaluated bid	$	97.00		$	99.50		$	99.09		Increase
			Discounted cash flow	Yield		9.4	%		13.0	%		10.9	%	Decrease
Equities		2,240,826	Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		7.50			17.50			11.60		Increase
			Market approach	Transaction price	$	1.00		$	1.00		$	1.00		Increase
Total	$	427,986,926

* Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

Financial Instruments Not Carried at Fair Value:

Debt

The carrying value of the Fund’s debt, which would be categorized as Level 3 within the fair value hierarchy, as of June 30, 2024 and December 31, 2023, approximates fair value.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 6. Commitments and Contingencies

In the normal course of business, the Fund enters into contracts that provide a variety of general indemnifications. Any exposure to the Fund under these arrangements could involve future claims that may be made against the Fund. Currently, no such claims exist or are expected to arise and, accordingly, the Fund has not accrued any liability in connection with such indemnifications.

Commitments

In the normal course of business, the Fund may become party to financial instruments with off-balance sheet risk to fund investments that have unfunded commitments associated with such instruments. These financial instruments may include commitments to extend credit on the unused portions of the Fund’s commitments pursuant to the terms of certain of the Fund’s investments in revolving credit facilities, delayed draw and other loan financing agreements in connection with the Fund’s investments in direct lending instruments. The unfunded commitments are carried at fair value with the unrealized appreciation or depreciation on the unfunded portion being included in fair value for each such position disclosed on the schedule of investments, and changes in those fair values are recorded in the change in net unrealized appreciation (depreciation) on investments on the consolidated statements of operations. The following table details the unfunded loan commitments at June 30, 2024:

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
AB Centers Acquisition Corporation	Revolving Credit Facility	9/6/2028	$	2,068,966
AB Centers Acquisition Corporation	Delayed Draw Term Loan	9/6/2028		2,482,759
ACP Avenu Buyer, LLC	Revolving Credit Facility	10/2/2029		877,500
ACP Avenu Buyer, LLC	Delayed Draw Term Loan	10/2/2029		5,500,583
ACP Falcon Buyer, Inc.	Revolving Credit Facility	8/1/2029		1,000,000
Alera Group, Inc.	Delayed Draw Term Loan	9/30/2028		2,260,105
Aptean, Inc.	Revolving Credit Facility	1/30/2031		728,200
Aptean, Inc.	Delayed Draw Term Loan	1/30/2031		1,350,132
BeBright MSO, LLC	Delayed Draw Term Loan	6/3/2030		6,890,015
BeBright MSO, LLC	Revolving Credit Facility	6/3/2030		1,867,213
C2DX, Inc	Revolving Credit Facility	3/19/2030		1,748,285
C2DX, Inc	Delayed Draw Term Loan	3/19/2030		4,924,746
Cadence - Southwick, Inc.	Revolving Credit Facility	5/3/2028		1,000,309
CCI Prime, LLC	Delayed Draw Term Loan	10/18/2029		1,996,933
CCI Prime, LLC	Revolving Credit Facility	10/18/2029		1,000,000
COP Foundations Acquisitions Inc.	Delayed Draw Term Loan	5/6/2029		7,332,769
COP Foundations Acquisitions Inc.	Revolving Credit Facility	5/6/2029		1,833,192
Door Pro Buyer, LLC	Delayed Draw Term Loan	11/2/2029		10,192,308
Door Pro Buyer, LLC	Revolving Credit Facility	11/2/2029		3,397,436
EDS Buyer, LLC	Revolving Credit Facility	1/10/2029		780,539
Endurance PT Technology Buyer Corporation	Revolving Credit Facility	2/28/2030		1,000,000
Eversmith Brands Intermediate Holding Company	Delayed Draw Term Loan	6/17/2030		3,206,687
Eversmith Brands Intermediate Holding Company	Revolving Credit Facility	6/17/2030		897,872
Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc.	Delayed Draw Term Loan	1/3/2029		9,090,909
Hobbs & Associates Inc	Delayed Draw Term Loan	4/11/2029		7,760,982
Houseworks Holdings, LLC	Revolving Credit Facility	12/16/2028		510,204
Houseworks Holdings, LLC	Delayed Draw Term Loan	12/16/2028		1,428,571

At June 30, 2024 continued:

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
Infusion Services Management, LLC	Delayed Draw Term Loan	7/7/2028		4,405,014
Infusion Services Management, LLC	Revolving Credit Facility	7/7/2028		1,000,000
Midas Foods International, LLC	Delayed Draw Term Loan	4/30/2029		6,038,082
Midas Foods International, LLC	Revolving Credit Facility	4/30/2029		2,012,694
MMGY Global LLC	Revolving Credit Facility	4/25/2029		2,044,291
MoboTrex, LLC	Delayed Draw Term Loan	6/7/2030		3,987,103
MoboTrex, LLC	Revolving Credit Facility	6/7/2030		1,329,034
Mustang Prospects Purchaser LLC	Delayed Draw Term Loan	6/13/2031		3,661,202
Mustang Prospects Purchaser LLC	Revolving Credit Facility	6/13/2031		2,288,251
Neptune Platform Buyer, LLC	Delayed Draw Term Loan	1/20/2031		4,285,714
Pavement Partners Interco, LLC	Revolving Credit Facility	2/7/2028		517,943
Quick Roofing Acquisition, LLC	Revolving Credit Facility	12/22/2029		1,000,000
Quick Roofing Acquisition, LLC	Delayed Draw Term Loan	12/22/2029		13,918,033
Refresh Buyer LLC	Delayed Draw Term Loan	12/23/2028		2,812,944
Ruppert Landscape, LLC	Revolving Credit Facility	12/1/2028		289,520
Ruppert Landscape, LLC	Delayed Draw Term Loan	12/1/2028		5,428,489
SCP WQS Buyer, LLC	Delayed Draw Term Loan	10/2/2028		12,532,979
SCP WQS Buyer, LLC	Revolving Credit Facility	10/2/2028		840,000
Soteria Flexibles Corporation	Delayed Draw Term Loan	8/15/2029		6,527,725
Soteria Flexibles Corporation	Revolving Credit Facility	8/15/2029		1,000,000
The Smilist DSO, LLC	Revolving Credit Facility	4/4/2029		926,306
The Smilist DSO, LLC	Delayed Draw Term Loan	4/4/2029		3,705,226
The Smilist DSO, LLC	Delayed Draw Term Loan	4/4/2029		565,047
Tiger Healthcare Buyer, LLC	Delayed Draw Term Loan	2/27/2030		9,687,500
Tiger Healthcare Buyer, LLC	Revolving Credit Facility	2/27/2030		1,000,000
USW Buyer, LLC	Delayed Draw Term Loan	11/3/2028		2,350,000
VRC Companies LLC	Delayed Draw Term Loan	6/29/2027		12,866,667
WCI-BXC Purchaser, LLC	Revolving Credit Facility	11/6/2029		1,000,000
Total Unfunded Commitments			$	191,146,979

The following table details the unfunded loan commitments at December 31, 2023:

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
AB Centers Acquisition Corporation	Revolving Credit Facility	9/6/2028	$	2,068,966
AB Centers Acquisition Corporation	Delayed Draw Term Loan	9/6/2028		6,724,138
ACP Avenu Buyer, LLC	Delayed Draw Term Loan	10/2/2029		9,312,500
ACP Avenu Buyer, LLC	Revolving Credit Facility	10/2/2029		1,000,000
ACP Falcon Buyer, Inc.	Revolving Credit Facility	8/1/2029		1,000,000
Alera Group, Inc.	Delayed Draw Term Loan	9/30/2028		2,701,321
Cadence - Southwick, Inc.	Revolving Credit Facility	5/3/2028		733,333
CCI Prime, LLC	Delayed Draw Term Loan	10/18/2029		1,996,933
CCI Prime, LLC	Revolving Credit Facility	10/18/2029		1,000,000
Door Pro Buyer, LLC	Delayed Draw Term Loan	11/2/2029		10,192,308
Door Pro Buyer, LLC	Revolving Credit Facility	11/2/2029		3,397,436
Hobbs & Associates Inc	Delayed Draw Term Loan	4/11/2029		2,185,718
Houseworks Holdings, LLC	Revolving Credit Facility	12/16/2028		510,204
Houseworks Holdings, LLC	Delayed Draw Term Loan	12/16/2028		1,428,571
Infusion Services Management, LLC	Delayed Draw Term Loan	7/7/2028		4,405,014
Infusion Services Management, LLC	Revolving Credit Facility	7/7/2028		4,969
MMGY Global LLC	Revolving Credit Facility	4/25/2029		2,044,291
Omnia Partners LLC	Delayed Draw Term Loan	7/25/2030		637,604
Pavement Partners Interco, LLC	Revolving Credit Facility	2/7/2028		753,769
Quick Roofing Acquisition, LLC	Delayed Draw Term Loan	12/22/2029		13,918,033
Quick Roofing Acquisition, LLC	Revolving Credit Facility	12/22/2029		1,000,000
Refresh Buyer LLC	Delayed Draw Term Loan	12/23/2028		2,812,944
SCP WQS Buyer, LLC	Delayed Draw Term Loan	10/2/2028		14,558,511
SCP WQS Buyer, LLC	Revolving Credit Facility	10/2/2028		1,000,000
Soteria Flexibles Corporation	Delayed Draw Term Loan	8/15/2029		6,527,725
Soteria Flexibles Corporation	Revolving Credit Facility	8/15/2029		1,000,000
USW Buyer, LLC	Delayed Draw Term Loan	11/3/2028		5,350,000
WCI-BXC Purchaser, LLC	Revolving Credit Facility	11/6/2029		1,000,000
Total Unfunded Commitments			$	99,264,288

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Borrowings

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Borrowings

Note 7. Borrowings

In accordance with the 1940 Act, with certain limitations, the Fund is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. As of June 30, 2024 and December 31, 2023, the Fund’s asset coverage was 261% and 483%, respectively.

The Fund’s average outstanding debt and weighted average interest rate paid for the three and six months ended June 30, 2024 were $287,374,923 and 7.28% and $242,835,593 and 7.29%, respectively. The Fund’s average outstanding debt and weighted average interest rate paid for the three and six months ended June 30, 2023 were $17,569,231 and 6.91% and $17,068,493 and 6.90%, respectively. The Fund’s outstanding borrowings at June 30, 2024 and December 31, 2023 were as follows:

	June 30, 2024
	Aggregate Principal Committed		Outstanding Principal		Carrying Value
JPMorgan Lending Facility	$	500,000,000	$	330,000,000	$	330,000,000
BSPV Facility		250,000,000		35,000,000		35,000,000
Total	$	750,000,000	$	365,000,000	$	365,000,000

	December 31, 2023
	Aggregate Principal Committed		Outstanding Principal		Carrying Value
JPMorgan Lending Facility (1)	$	460,000,000	$	105,848,459	$	105,848,459
Total	$	460,000,000	$	105,848,459	$	105,848,459

(1)Under the JPMorgan Lending Facility, the Fund is permitted to borrow in USD or certain other currencies. As of December 31, 2023, the Fund had borrowings denominated in CAD of $21 million, translated to USD of $15.8 million. In connection with the preparation of the Fund’s financial statements for the quarter ended March 31, 2024, the reported amount of $481 million of Aggregate Principal Committed for the year ended December 31, 2023, was revised to $460 million of Aggregate Principal Committed, noted above, to correct the prior disclosure.

For the three and six months ended June 30, 2024 and 2023 the components of interest expense were as follows:

	Three Months Ended June 30,
	2024		2023
Borrowing interest expense	$	5,589,634	$	214,653
Facility unused fees		169,706		424,396
Amortization of financing costs		305,908		231,528
Total Interest Expense	$	6,065,248	$	870,577

	Six Months Ended June 30,
	2024		2023
Borrowing interest expense	$	9,089,362	$	234,177
Facility unused fees		423,403		495,188
Amortization of financing costs		551,839		268,871
Total Interest Expense	$	10,064,604	$	998,236

Revolving Credit Facilities

On March 17, 2023, the Fund entered into a senior secured revolving credit facility (“JPMorgan Lending Facility”) with JPMorgan Chase Bank, NA (“JPM”) and the lender parties. JPM serves as administrative agent and collateral agent under the JPMorgan Lending Facility.

The Fund may borrow amounts in U.S. dollars or certain other permitted currencies under the Facility. Advances under the Facility drawn in U.S. dollars will initially bear interest at a per annum rate equal to 0.75% or 0.875% plus an “alternate base rate” (as described in the Agreement) in the case of any ABR Loan and 1.75% or 1.875% plus the Adjusted Term SOFR Rate in the case of any other Loan, in each case, depending on the Fund’s rate option election and borrowing base (as of the most recently delivered borrowing base certificate delivered under the Agreement). Advances under the Facility drawn in currencies other than U.S. dollars will initially bear interest at a per annum rate equal to 1.75% or 1.875%, in each case depending on the Fund’s borrowing base (as of the most recently delivered borrowing base certificate delivered under the Agreement), plus any applicable credit spread adjustment, plus certain local rates consistent with market standards, each as specified in the Agreement. The Fund will also pay a fee of 0.375% on average daily undrawn amounts under the Facility.

The initial principal commitment amount of the Facility was $460 million. On June 13, 2024, the Fund entered into a commitment increase agreement, which provided for an increase in the principal commitment amount to $500 million. The principal commitment amount is subject to availability under the borrowing base, which is based on the Fund’s portfolio investments and other outstanding indebtedness, with an accordion provision to permit increases to the total facility amount up to $1 billion, subject to the satisfaction of certain conditions.

The Facility is guaranteed by certain subsidiaries of the Fund, and will be guaranteed by certain domestic subsidiaries of the Fund that are formed or acquired by the Fund in the future (collectively, the “Guarantors”). Proceeds of the Facility may be used for general corporate purposes, including, without limitation, repaying outstanding indebtedness, making distributions, contributions and investments, and acquisition and funding, and such other uses as permitted under the Agreement.

The Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Fund and each Guarantor, subject to certain exceptions, and includes a $60,000,000 limit for swingline loans.

The availability period under the Facility will terminate on March 17, 2027 (the “Commitment Termination Date”) and the Facility will mature on March 17, 2028 (the “Maturity Date”). During the period from the Commitment Termination Date to the Maturity Date, the Fund will be obligated to make mandatory prepayments under the Facility out of the proceeds of certain asset sales, other recovery events and equity and debt issuances.

The Agreement includes customary affirmative and negative covenants, including financial covenants requiring the Fund to maintain a minimum shareholders’ equity and asset coverage ratio, and certain limitations on the incurrence of additional indebtedness and liens, as well as usual and customary events of default for revolving credit facilities of this nature.

The Fund had $330,000,000 and $105,848,459 outstanding on the JPMorgan Lending Facility as of June 30, 2024 and December 31, 2023, respectively. Under the JPMorgan Lending Facility, the Company is permitted to borrow in USD or certain other currencies. As of June 30, 2024 and December 31, 2023, the Company had borrowings denominated in the following non-USD currencies: Canadian Dollars (CAD) $0 and $15,848,459, respectively. The borrowings denominated in foreign currencies were translated into U.S. dollars based on the spot rate at the relevant balance sheet date. For the three and six months ended June 30, 2024, $371,512 and $26,357, of change in unrealized depreciation resulting from changes in foreign exchange rates on foreign denominated JPMorgan Lending Facility borrowings is included in net change in unrealized appreciation (depreciation) on foreign currency translation in the Fund’s consolidated statements of operations. For the three and six months ended June 30, 2024, the Fund had a net realized gain due to foreign exchange rates of $580,507 due to repayment of outstanding borrowings denominated in foreign currencies under the JPMorgan Lending Facility recorded in realized gain (loss) on foreign currency transactions.

Fidelity Private Credit Fund BSPV LLC

On May 2, 2024, Fidelity Private Credit Fund BSPV LLC (the “BSPV”), a wholly-owned subsidiary of the Fund, entered into a revolving credit facility (the “BSPV Facility”) with BNP Paribas (“BNP”). BNP serves as administrative agent, State Street Bank and Trust Company serves as collateral agent, and Virtus Group, LP serves as collateral administrator under the BSPV Facility.

The principal commitment amount under the BSPV Facility is $250 million, subject to availability under the borrowing base, which is based on the BSPV’s portfolio investments and outstanding indebtedness, subject to the satisfaction of certain conditions. Proceeds from borrowings under the credit facility may be used for general corporate purposes, including, without limitation, repaying outstanding indebtedness, making distributions, contributions and investments, and acquisition and funding, and such other uses as permitted. The Fund can draw on the BSPV Facility until May 2, 2027, and the facility will mature on May 2, 2029. During the period from May 3, 2027 to May 2, 2029, the Fund will be obligated to make equal monthly payments such that the final monthly payment renders the loan fully paid.

Advances under the BSPV Facility currently bear interest at a per annum rate equal to the benchmark in effect for the currency of the applicable advance (which is Term SOFR in the case of U.S. dollar advances), plus an applicable margin of 2.55% per annum prior to May 2, 2027 and 3.05% per annum subsequent to May 2, 2027. The BSPV will also pay an unused fee of up to the applicable margin on average daily undrawn amounts under the BSPV Facility.

In connection with the BSPV Facility, the BSPV has made certain customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar facilities. The BSPV Facility contains customary events of default for similar financing transactions. Upon the occurrence and during the continuation of an event of default, the lender under BSPV Facility may declare the outstanding advances and all other obligations under the BSPV Facility immediately due and payable. The BSPV Facility is secured by a first-priority interest in substantially all of the portfolio investments held by the BSPV, subject to certain exceptions.

The BSPV had $35,000,000 outstanding on the BSPV Facility as of June 30, 2024. There was no balance outstanding as of December 31, 2023.

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Net Assets

6 Months Ended

Jun. 30, 2024

Net Assets [Abstract]

Net Assets

Note 8. Net Assets

In connection with its formation, the Fund has the authority to issue an unlimited number of Common Shares at $0.01 per share par value.

On March 13, 2023, the Fund satisfied the minimum offering requirement for the Offering and the Fund’s Board authorized the release of proceeds from escrow. As of such date, the Fund issued and sold 4,084,292 Class I Common Shares, and the escrow agent released net proceeds of $102,107,308 as payment for such shares, of which $32,000,044 was from an affiliate of the adviser. Under the Fund’s Declaration of Trust, all Common Shares have equal rights as to voting and, when they are issued, will be duly authorized, validly issued, fully paid and nonassessable.

The following table summarizes transactions in Common Shares during the three and six months ended June 30, 2024:

	Three Months Ended June 30, 2024						Six Months Ended June 30, 2024
	Shares			Amount			Shares			Amount
CLASS I
Subscriptions		3,431,569		$	88,659,304			6,709,773		$	173,401,943
Share transfers between classes		—			—			—			—
Distributions reinvested		298,681			7,722,148			544,209			14,069,401
Share repurchases		(267,690	)		(6,920,455	)		(290,266	)		(7,502,429	)
Early repurchase deduction		—			2,098			—			6,648
Net increase (decrease)		3,462,560		$	89,463,095			6,963,716		$	179,975,563
CLASS S
Subscriptions		1,863			48,250			1,863			48,250
Share transfers between classes		—			—			—			—
Distributions reinvested		10			243			19			480
Share repurchases		—			—			—			—
Early repurchase deduction		—			—			—			—
Net increase (decrease)		1,873		$	48,493			1,882		$	48,730
CLASS D
Subscriptions		—			—			—			—
Share transfers between classes		—			—			—			—
Distributions reinvested		11			259			20			512
Share repurchases		—			—			—			—
Early repurchase deduction		—			—			—			—
Net increase (decrease)		11		$	259			20		$	512
Total net increase (decrease)		3,464,444		$	89,511,847			6,965,618		$	180,024,805

The following table summarizes transactions in Common Shares the three and six months ended June 30, 2023:

	Three Months Ended June 30, 2023						Six Months Ended June 30, 2023
	Shares			Amount			Shares			Amount
CLASS I
Subscriptions		3,435,378		$	86,794,592			7,519,670		$	188,901,900
Share transfers between classes		—			—			—			—
Distributions reinvested		44,626			1,126,903			44,626			1,126,903
Share repurchases		(2,049	)		(51,039	)		(2,049	)		(51,039	)
Early repurchase deduction		—			1,020			—			1,020
Net increase (decrease)		3,477,955		$	87,871,476			7,562,247		$	189,978,784

Net Asset Value per Share and Offering Price

The Administrator determines NAV for each class of shares as of the last day of each calendar month. Share issuances related to monthly subscriptions are effective the first calendar day of each month. Shares are issued at an offering price equivalent to the most recent NAV per share available for each share class, which will be the prior calendar day NAV per share (i.e. the prior month-end NAV). The following table summarizes each month-end NAV per share for Class I, Class S, and Class D Common Shares of beneficial interest during the six months ended June 30, 2024 and 2023:

	NAV Per Share
For the Months Ended	Class I		Class S		Class D
January 31, 2024	$	25.82	$	25.82	$	25.82
February 29, 2024		25.92		25.92		25.92
March 31, 2024		25.78		25.78		25.78
April 30, 2024		25.84		25.84		25.84
May 31, 2024		25.89		25.89		25.89
June 30, 2024		25.85		25.85		25.85

	NAV Per Share
For the Months Ended	Class I		Class S		Class D
March 31, 2023	$	25.31	$	—	$	—
April 30, 2023		25.27		—		—
May 31, 2023		25.24		—		—
June 30, 2023		25.32		—		—

Distributions and Distribution Reinvestment

For the six months ended June 30, 2024 the Fund made distributions as detailed in the table below:

			Class I
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.2175	$	3,699,830
February 29, 2024	February 29, 2024	March 22, 2024		0.2175		3,913,427
March 29, 2024	March 31, 2024	April 22, 2024		0.2175		4,186,257
April 26, 2024	April 30, 2024	May 22, 2024		0.2175		4,465,411
May 29, 2024	May 31, 2024	June 25, 2024		0.2175		4,678,992
June 28, 2024	June 28, 2024	July 23, 2024		0.2175		4,992,714
			$	1.3050	$	25,936,631

			Class S
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.1992	$	80
February 29, 2024	February 29, 2024	March 22, 2024		0.1992		80
March 29, 2024	March 31, 2024	April 22, 2024		0.1991		80
April 26, 2024	April 30, 2024	May 22, 2024		0.1995		81
May 29, 2024	May 31, 2024	June 25, 2024		0.1989		82
June 28, 2024	June 28, 2024	July 23, 2024		0.1995		454
			$	1.1954	$	857

			Class D
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.2121	$	84
February 29, 2024	February 29, 2024	March 22, 2024		0.2121		85
March 29, 2024	March 31, 2024	April 22, 2024		0.2121		86
April 26, 2024	April 30, 2024	May 22, 2024		0.2122		87
May 29, 2024	May 31, 2024	June 25, 2024		0.2120		87
June 28, 2024	June 28, 2024	July 23, 2024		0.2122		88
			$	1.2727	$	517

For the six months ended June 30, 2023 the Fund made distributions as detailed in the table below.

			Class I
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
April 26, 2023	April 28, 2023	May 18, 2023	$	0.2000	$	950,534
May 25, 2023	May 31, 2023	June 23, 2023		0.2050		1,223,097
June 27, 2023	June 30, 2023	July 25, 2023		0.2050		1,550,697
			$	0.6100	$	3,724,328

For the three and six months ended June 30, 2023 there were no Class S or Class D distributions.

Character of Distributions

The following table reflects the sources of cash distributions on a U.S. GAAP basis that we declared on our shares of common stock during the six months ended June 30, 2024:

	Class I				Class S				Class D
Source of Distribution	Per Share		Amount		Per Share		Amount		Per Share		Amount
Net investment income	$	1.31	$	25,936,631	$	1.20	$	857	$	1.27	$	517
Net realized gains		—		—		—		—		—		—
Total	$	1.31	$	25,936,631	$	1.20	$	857	$	1.27	$	517

The following table reflects the sources of cash distributions on a U.S. GAAP basis that we declared on our shares of common stock during the six months ended June 30, 2023.

	Class I				Class S				Class D
Source of Distribution	Per Share		Amount		Per Share		Amount		Per Share		Amount
Net investment income	$	0.61	$	3,724,328	$	—	$	—	$	—	$	—
Net realized gains		—		—		—		—		—		—
Total	$	0.61	$	3,724,328	$	—	$	—	$	—	$	—

Share Repurchase Program

At the discretion of the Board, the Fund has commenced a share repurchase program in which the Fund may repurchase, in each quarter, up to 5% of the NAV of the Fund’s Common Shares outstanding (either by number of shares or aggregate NAV) as of the close of the previous calendar quarter. The Board may amend, suspend or terminate the share repurchase program if it deems such action to be in the Fund’s best interest and the best interest of the Fund’s shareholders. As a result, share repurchases may not be available each quarter.

The Fund expects to repurchase shares pursuant to tender offers each quarter using a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter, except that shares that have not been outstanding for at least one year will be repurchased at 98% of such NAV (an “Early Repurchase Deduction”). The one-year holding period is measured as of the subscription closing date immediately following the prospective repurchase date. The Early Repurchase Deduction may be waived, at the Fund’s discretion, in the case of repurchase requests arising from the death, divorce or qualified disability of the holder. The Early Repurchase Deduction will be retained by the Fund for the benefit of remaining shareholders.

The Fund intends to conduct the repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the 1940 Act. All shares purchased by the Fund pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares.

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2024:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
February 29, 2024	5%	$	25.78	March 29, 2024	$	577,424		22,576	0.14%
May 31, 2024	5%	$	25.85	June 28, 2024	$	6,918,357		267,690	1.18%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2023:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
May 31, 2023	5%	$	25.32	June 30, 2023	$	50,019		2,049	0.05%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

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Financial Highlights

6 Months Ended

Jun. 30, 2024

Investment Company, Financial Highlights [Abstract]

Financial Highlights

Note 9. Financial Highlights

The financial highlights for the six months ended June 30, 2024 and 2023 are as follows:

	Six Months Ended June 30, 2024
	Class I			Class S			Class D
Per Share Activity
Net asset value, beginning of period	$	25.81		$	25.81		$	25.81
Net investment income (loss) A		1.35			1.25			1.32
Net realized and unrealized gain (loss) A		—			(0.01	)		(0.01	)
Net increase (decrease) in net assets resulting from operations		1.35			1.24			1.31
Distributions		(1.31	)		(1.20	)		(1.27	)
Net asset value, end of period	$	25.85		$	25.85		$	25.85
Total return B		5.32	%		4.88	%		5.19	%
Ratios to Average Net Assets: C,G
Net investment income (loss) D		11.27	%		10.42	%		11.02	%
Expenses, gross D		6.84	%		7.69	%		7.09	%
Expenses, net of waivers D,E		6.67	%		7.52	%		6.92	%
Portfolio turnover F		15.15	%		15.15	%		15.15	%
Supplemental Data:
Expenses, net of waivers, excluding interest expense D,E,G		2.72	%		3.57	%		2.97	%
Expenses, net of waivers, excluding management and incentive fees and interest expense D,E,G		0.72	%		1.57	%		0.97	%

	Six Months Ended June 30, 2023
	Class I			Class S			Class D
Per Share Activity
Net asset value, beginning of period	$	25.00		$	—		$	—
Net investment income (loss) A		0.67			—			—
Net realized and unrealized gain (loss) A		0.26			—			—
Net increase (decrease) in net assets resulting from operations		0.93			—			—
Distributions		(0.61	)		—			—
Net asset value, end of period	$	25.32		$	—		$	—
Total return B		3.74	%		—	%		—	%
Ratios to Average Net Assets: C,G
Net investment income (loss) D		9.06	%		—	%		—	%
Expenses, gross D		8.02	%		—	%		—	%
Expenses, net of waivers D,E		3.18	%		—	%		—	%
Portfolio turnover F,G		0.13	%		—	%		—	%
Supplemental Data:
Expenses, net of waivers, excluding interest expense D,E,G		0.83	%		—	%		—	%
Expenses, net of waivers, excluding management and incentive fees and interest expense D,E,G		0.70	%		—	%		—	%

A. Calculated based on weighted average shares outstanding during the period.

B. Total returns of less than 1 year are not annualized.

C. Expense ratios reflect operating expenses of the Fund.

D. For the six months ended June 30, 2024 and 2023, amounts are annualized except for incentive fees, escrow fees, and organizational costs.

E. Waivers include expense support, management fees waived and income based incentive fees waived.

F. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities year to date divided by the weighted average fair value of the portfolio securities, excluding short-term securities.

G. Annualized.

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Subsequent Events

6 Months Ended

Jun. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

Note 10. Subsequent Events

In preparation of these financial statements, management has evaluated the events and transactions subsequent to June 30, 2024, through the date when the financial statements were issued, and determined that there are no subsequent events or transactions that would require adjustments to or disclosures in the Fund’s financial statements except as disclosed below.

Subscriptions

The Fund received $27.3 million of net proceeds from the issuance of Class I, Class D, and Class S shares for subscriptions effective July 1, 2024, including $2.8 million of shares purchased through the dividend reinvestment plan.

The Fund received $26.3 million of net proceeds from the issuance of Class I, Class D, and Class S shares for subscriptions effective August 1, 2024, not including any shares purchased through the dividend reinvestment plan.

Distributions

On July 29, 2024, the Fund declared net distributions of $0.1750 per Class I share, $0.1564 per Class S share, and $0.1695 per Class D share, all of which are payable to shareholders of record as of the open of business on July 31, 2024, and will be paid on or about August 30, 2024.

Additionally, on July 29, 2024, the Fund declared variable supplemental distributions for Class I, Class S, and Class D common shares in the amount of $0.0425 per share. The variable supplemental distributions are payable to shareholders of record as of the open of business on July 31, 2024 and will be paid on or about August 30, 2024.

These distributions will be paid in cash or reinvested in shares of the Fund for shareholders participating in the Fund’s distribution reinvestment plan.

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Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2024

Basis of Presentation

Basis of Presentation

The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). The Fund is an investment company under GAAP and follows the accounting and reporting guidance applicable to investment companies in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 and pursuant to Regulation S-X. The functional currency is the U.S. Dollar and these consolidated financial statements have been prepared in that currency. These consolidated financial statements reflect all adjustments considered necessary for the fair presentation of consolidated financial statements for the period presented. Certain prior period information has been reclassified to conform to the current period presentation and this had no effect on the Fund’s consolidated financial position or the consolidated results of operations as previously reported.

Consolidation

Consolidation

The Fund will generally consolidate any wholly-owned, or substantially wholly-owned, subsidiary when the design and purpose of the subsidiary is to act as an extension of the Fund’s investment operations and to facilitate the execution of the Fund’s investment strategy. Accordingly, as of June 30, 2024 and December 31, 2023, the Fund consolidated the financial position and results of its wholly-owned subsidiaries in its consolidated financial statements. All intercompany transactions and balances have been eliminated in consolidation. Since the Fund is an investment company, portfolio investments held by the Fund are not consolidated into the consolidated financial statements. The portfolio investments held by the Fund (including investments held by consolidated subsidiaries) are included on the consolidated statements of assets and liabilities as investments at fair value.

Use of Estimates

Use of Estimates

The preparation of the consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts may ultimately differ from those estimates and the differences could be material.

Organization and Offering Expenses

Organization and Offering Expenses

Organization expenses include, among other things, the cost of incorporating the Fund and the cost of legal services and other fees pertaining to the Fund’s organization. These costs are expensed as incurred.

The Fund’s offering expenses include, among other things, legal fees, registration fees and other costs pertaining to the preparation of the Fund’s registration statement (and any amendments or supplements thereto) relating to the Offering and associated marketing materials. Offering expenses are recorded as deferred offering costs on the consolidated statements of assets and liabilities and amortized to expense on the Fund’s consolidated statements of operations on a straight line-basis over 12 months from the date of incurrence.

Income Taxes

Income Taxes

The Fund intends to elect to be treated as a RIC under the Code for its taxable year ending December 31, 2023 and all periods thereafter. So long as the Fund maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Fund would represent obligations of the Fund’s investors and would not be reflected in the consolidated financial statements of the Fund.

The Fund evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof.

The Fund estimates tax liabilities for certain of the Fund’s investments held through wholly-owned subsidiaries taxed as corporations which may be subject to federal and state taxes. The tax liability may differ materially depending on conditions when these investments earn income or are disposed. The estimated tax liability of $298,615 and $0 as of June 30, 2024, and December 31, 2023, respectively, is included in other accounts payable and accrued liabilities in the consolidated statements of assets and liabilities. For the three and six months ended June 30, 2024, an increase in estimated tax liability of $298,615 is included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. For the three and six months ended June 30, 2023, there was no estimated tax liability.

The Fund files a U.S. federal income tax return, in addition to state and local tax returns as required. The Fund’s U.S. federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

To qualify for and maintain qualification as a RIC, the Fund must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Fund must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses.

In addition, based on the excise tax distribution requirements, the Fund will be subject to a 4% nondeductible U.S federal excise tax on undistributed income unless the Fund distributes in a timely manner in each taxable year an amount at least equal to the sum of (1) 98% of its ordinary income for the calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ending October 31 in that calendar year and (3) any income realized, but not distributed, in prior years. For this purpose, however, any ordinary income or capital gain net income retained by the Fund that is subject to corporate income tax is considered to have been distributed.

For the six months ended June 30, 2024 and for the period from inception to June 30, 2023, the Fund did not incur any U.S. federal income taxes, including excise taxes.

As of June 30, 2024 and December 31, 2023, $0 and $66,312, respectively, was recorded in excise tax payable on the consolidated statements of assets and liabilities.

Deferred Financing Costs

Deferred Financing Costs

The Fund records costs related to issuance of revolving credit facilities as deferred financing costs on the consolidated statements of assets and liabilities. These costs are deferred and amortized using the straight-line method through interest expense on the consolidated statements of operations over the life of the related credit facility.

Investment Valuation

Investment Valuation

The Fund values its investments, upon which its NAV is based, in accordance with ASC 820, Fair Value Measurement, which defines fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also provides a framework for measuring fair value, establishes a fair value hierarchy based on the observability of inputs used to measure fair value and prescribes disclosure requirements for fair value measurements.

Pursuant to Rule 2a-5, the Board has designated the Adviser as the valuation designee responsible for valuing all of the Fund’s investments, including making fair valuation determinations as needed. The Adviser has established a fair value committee (the “Fair Value Committee”) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern activities of the Fair Value Committee and the performance of functions required to determine the fair value of a fund’s investments in good faith. These functions include periodically assessing and managing material risks associated with fair value determinations, selecting, applying, reviewing, and testing fair value methodologies, monitoring for circumstances that may necessitate the use of fair value, and overseeing and evaluating pricing services used.

In accordance with the Adviser’s policies and procedures, which have been approved by the Board, investments, including debt securities, that are publicly traded but for which no readily available market quotations exist are generally valued on the basis of information furnished by an independent third-party pricing service that uses a valuation matrix which incorporates both dealer-supplied valuations and electronic data processing techniques. To assess the continuing appropriateness of pricing sources and methodologies, the Adviser regularly performs price verification procedures, engages in oversight activities with respect to third-party pricing sources used and issues challenges as necessary to independent pricing services or brokers, and any differences are reviewed in accordance with the valuation procedures. The Adviser does not adjust the prices unless it has a reason to believe market quotations or prices received from third-party pricing services are not reflective of the fair value of an investment.

Investments that are not publicly traded or whose current market prices or quotations are not readily available are valued at fair value as determined by the Adviser in good faith pursuant to the Adviser’s Board-approved policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. In determining fair value of the Fund’s loan investments the types of factors that the Fair Value Committee may take into account generally include comparison to publicly-traded securities including such factors as yield, maturity and measures of credit quality, the enterprise value of the portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flows, the markets in which the portfolio company does business and other relevant factors.

The Fund has engaged an independent valuation firm to prepare month-end valuation recommendations for investments for which market quotations are not readily available as of the last calendar day of each month. The independent valuation firm undertakes a full analysis of the investments and provides estimated fair values for such investments to the Adviser. The independent valuation firm also provides analyses to support their valuation methodology and calculations. The Adviser’s Fair Value Committee reviews and approves each valuation recommendation and confirms it has been calculated in accordance with the Board-approved policies and procedures. The Fair Value Committee manages the Fund’s fair valuation practices and maintains the fair valuation policies and procedures. The Adviser reports to the Board information regarding the fair valuation process and related material matters. The Board may determine to modify its designation of the Adviser as valuation designee, relating to any or all Fund investments, at any time.

Investment Transactions

For financial reporting purposes, the Fund’s investment holdings include trades executed through the end of the last business day of the period. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method and is recorded within net realized gain (loss) on investments on the consolidated statements of operations.

Non-Accrual Policy

Non-Accrual Policy

Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured. As of June 30, 2024 and December 31, 2023, no loans in the portfolio were on non-accrual status.

Cash

Cash

Cash represents deposits maintained with the Fund’s custodian bank. At times, deposits may be in excess of federally insured limits. The Fund has not experienced any losses and does not believe it is exposed to any significant credit risk on such deposits.

Expenses

Expenses

Expenses are recorded on the accrual basis. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Foreign Currency

Foreign Currency

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rate at period end. Purchases and sales of securities, income and dividends received and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

Unrealized gains and losses on foreign currency holdings and non-investment assets and liabilities attributable to the changes in foreign currency exchange rates are included in the net change in unrealized appreciation/(depreciation) on foreign currency translation on the consolidated statements of operations. Net realized gains and losses on foreign currency holdings and non-investment assets and liabilities attributable to changes in foreign currency exchange rates are included in realized gain (loss) on foreign currency transactions on the consolidated statements of operations. The portion of both realized and unrealized gains and losses on investments that result from changes in foreign currency exchange rates is included in realized gain (loss) on investments and net change in unrealized appreciation (depreciation) on investments, respectively, on the consolidated statements of operations.

New Accounting Pronouncement

New Accounting Pronouncements

In November 2023, the FASB issued Accounting Standards Update (ASU) 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. Effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024, the amendments enhance required disclosures of segment information for public entities on an annual and interim basis. The ASU allows for early adoption with updates applied retrospectively. Management is currently evaluating the impact on the consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024 for public business entities (PBEs), and December 15, 2025 for entities other than PBEs, the amendment requires greater disaggregation of income tax disclosures related to the income tax rate reconciliation for PBEs and income taxes paid for all entities. The ASU allows for early adoption and the Fund can elect to apply the amendments on a prospective or retrospective basis. Management is currently evaluating the impact on the consolidated financial statements.

Interest Income [Member]

Revenue

Interest Income

Interest income is accrued as earned. Interest income includes coupon interest and amortization of premium and accretion of discount on debt securities. Commitment fees, loan origination fees, original issue discount (“OID”) and market discount or premium are capitalized into the cost of the investment to which it applies and accreted into interest income. For the Fund’s investments in revolving credit facilities and delayed draw term loans, the cost basis of the investment is adjusted for any market discount or OID on the total balance committed. The fair value is also adjusted for price appreciation or depreciation on the unfunded portion. As a result, the purchase of commitments not fully funded may result in a negative cost and fair value until funded. Upon prepayment of a loan or debt instrument, any prepayment premium and any unamortized discount or premium are recognized through interest income.

Dividend Income [Member]

Revenue

Dividend Income

Dividend income earned on the Fund’s equity and mutual fund investments is recorded on an accrual basis to the extent that such amounts are payable and are expected to be collected. Dividend income is recorded on the record date for private portfolio companies or on the ex-dividend date for mutual funds.

Fee Income [Member]

Revenue

Fee Income

The Fund earns certain fees in connection with its direct lending underwriting activities. These fees are in addition to interest payments earned and may include amendment fees, consent fees and syndication fees. Certain fees such as structuring fees and syndication fees are recorded as other income when earned. Administrative agent fees received by the Fund are recorded as other income when received.

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Related Party Agreements and Transactions (Tables)

6 Months Ended

Jun. 30, 2024

Related Party Transactions [Abstract]

Schedule of Shareholder Servicing and/or Distribution Fees

The following table shows the shareholder servicing and/or distribution fees the Fund pays the Managing Dealer with respect to the Class S, Class D and Class I Common Shares on an annualized basis as a percentage of NAV for such class:

	Shareholder Servicing and/ or Distribution Fee as a % of NAV
Class S shares		0.85	%
Class D shares		0.25	%
Class I shares		—

Summary of Expense Payments and Related Reimbursement Payments

The following table presents a summary of Expense Payments and related Reimbursement Payments since the Fund’s commencement of operations:

For the three months ended	Amount of Expense Support		Amount of Reimbursement Payment		Amount of Unreimbursed Expense Support		Reimbursement Eligibility Expiration
September 30, 2022	$	497,933	$	—	$	—	*
December 31, 2022		349,999		—		—	*
March 31, 2023		677,518		—		—	*
June 30, 2023		694,335		—		—	*
September 30, 2023		651,125		—		—	*
December 31, 2023		521,434		—		—	*
March 31, 2024		454,648		—		—	*
June 30, 2024		136,913		—		—	*
Total	$	3,983,905	$	—	$	—

* Unreimbursed expense support incurred for these periods have been waived and are not eligible for reimbursement.

Summary of Company's Affiliated Investments

The table below presents the Fund’s affiliated investments as of June 30, 2024:

	Fair Value as of December 31, 2023		Gross Additions		Gross Reductions		Change in Unrealized Appreciation (Depreciation)			Realized Gains (Losses)		Fair Value as of June 30, 2024		Dividend and Interest Income
Non-controlled/ Affiliate Investments
Fidelity Floating Rate Central Fund	$	24,795,483	$	1,176,732	$	—	$	(149,760	)	$	—	$	25,822,455	$	1,211,130
Total	$	24,795,483	$	1,176,732	$	—	$	(149,760	)	$	—	$	25,822,455	$	1,211,130

The table below presents the Fund’s affiliated investments as of December 31, 2023:

	Fair Value as of December 31, 2022		Gross Additions		Gross Reductions			Change in Unrealized Appreciation (Depreciation)		Realized Gains (Losses)		Fair Value as of December 31, 2023		Dividend and Interest Income
Non-controlled/ Affiliate Investments
Fidelity Floating Rate Central Fund	$	—	$	24,436,874	$	—		$	358,609	$	—	$	24,795,483	$	949,591
Fidelity Investments Money Market Government Portfolio Class I		—		124,323,429		(124,323,429	)		—		—		—		179,725
Total	$	—	$	148,760,303	$	(124,323,429	)	$	358,609	$	—	$	24,795,483	$	1,129,316

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Investments (Tables)

6 Months Ended

Jun. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Investment Fund's Investment Portfolio

The composition of the Fund’s investment portfolio at cost and fair value was as follows:

	June 30, 2024							December 31, 2023
	Amortized Cost		Fair Value		% of Total Investments at Fair Value			Amortized Cost		Fair Value		% of Total Investments at Fair Value
Total First Lien Debt	$	869,879,837	$	877,159,756		95.7	%	$	482,753,585	$	489,101,899		92.0	%
Total Second Lien Debt		9,621,642		9,236,750		1.0	%		—		—		0.0	%
Total Equity		4,239,476		4,701,979		0.5	%		2,002,315		2,240,826		0.4	%
Total Mutual Funds		25,733,049		25,941,898		2.8	%		39,765,291		40,123,900		7.6	%
Total Investment Portfolio	$	909,474,004	$	917,040,383		100.0	%	$	524,521,191	$	531,466,625		100.0	%

Schedule of the Industry and Geographic Composition

The industry composition of investments at fair value was as follows:

	June 30, 2024			December 31, 2023
Application Software		14.7	%		19.4	%
Health Care Services		10.2	%		6.4	%
Industrial Machinery & Supplies & Components		8.3	%		1.8	%
Specialized Consumer Services		8.2	%		13.2	%
Diversified Support Services		6.8	%		8.0	%
Human Resource & Employment Services		3.5	%		0.0	%
Electrical Components & Equipment		3.1	%		0.0	%
Life Sciences Tools & Services		3.0	%		5.2	%
Insurance Brokers		2.8	%		3.8	%
Mutual Funds		2.8	%		7.6	%
Property & Casualty Insurance		2.8	%		0.0	%
Environmental & Facilities Services		2.7	%		3.7	%
Aerospace & Defense		2.6	%		1.7	%
Packaged Foods & Meats		2.2	%		3.7	%
Automotive Parts & Equipment		2.1	%		3.7	%
Trading Companies & Distributors		2.0	%		1.2	%
Building Products		1.7	%		1.2	%
Soft Drinks & Non-Alcoholic Beverages		1.6	%		2.1	%
Air Freight & Logistics		1.4	%		2.8	%
Health Care Facilities		1.3	%		2.4	%
Education Services		1.1	%		1.4	%
Pharmaceuticals		1.1	%		1.9	%
Specialized Finance		1.1	%		1.9	%
Transaction & Payment Processing Services		1.0	%		0.0	%
Advertising		0.9	%		1.6	%
Commodity Chemicals		0.9	%		1.6	%
Data Processing & Outsourced Services		0.8	%		0.0	%
Food Retail		0.8	%		1.4	%
Health Care Supplies		0.8	%		0.0	%
Oil & Gas Refining & Marketing		0.8	%		1.4	%
Fertilizers & Agricultural Chemicals		0.6	%		0.0	%
Internet Services & Infrastructure		0.6	%		0.0	%
Security & Alarm Services		0.6	%		0.0	%
Diversified Chemicals		0.5	%		0.0	%
Diversified Financial Services		0.5	%		0.9	%
Health Care Distributors		0.5	%		0.0	%
Health Care Technology		0.5	%		0.0	%
Research & Consulting Services		0.5	%		0.0	%
Specialty Chemicals		0.5	%		0.0	%
Systems Software		0.5	%		0.0	%
Food Distributors		0.4	%		0.0	%
Home Improvement Retail		0.4	%		0.0	%
Metal, Glass & Plastic Containers		0.4	%		0.0	%
Personal Care Products		0.3	%		0.0	%
Asset Management & Custody Banks		0.1	%		0.0	%
Construction Materials		0.0	%		0.0	%
Total		100.0	%		100.0	%

The geographic composition of investments at fair value was as follows:

	June 30, 2024								December 31, 2023
	Fair Value		% of Total Investments at Fair Value			Fair Value as % of Net Assets			Fair Value		% of Total Investments at Fair Value			Fair Value as % of Net Assets
United States	$	873,667,539		95.3	%		149.0	%	$	489,333,017		92.1	%		120.6	%
Australia		32,179,916		3.5	%		5.5	%		31,851,963		6.0	%		7.8	%
Canada		10,223,857		1.1	%		1.7	%		10,281,645		1.9	%		2.5	%
Luxembourg		969,071		0.1	%		0.2	%		—		0.0	%		0.0	%
Total	$	917,040,383		100.0	%		156.4	%	$	531,466,625		100.0	%		130.9	%

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Fund's assets carried at fair value

The following is a summary of the inputs used, as of June 30, 2024 and December 31, 2023, involving the Fund’s assets carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities.

	June 30, 2024
	Level 1		Level 2		Level 3		Total
First lien debt	$	—	$	209,214,632	$	667,945,124	$	877,159,756
Second lien debt		—		9,236,750		—		9,236,750
Equity investments		—		—		4,701,979		4,701,979
Mutual Funds		25,941,898		—		—		25,941,898
Total Investments	$	25,941,898	$	218,451,382	$	672,647,103	$	917,040,383

	December 31, 2023
	Level 1		Level 2		Level 3		Total
First lien debt	$	—	$	63,355,799	$	425,746,100	$	489,101,899
Second lien debt		—		—		—		—
Equity investments		—		—		2,240,826		2,240,826
Mutual Funds		40,123,900		—		—		40,123,900
Total Investments	$	40,123,900	$	63,355,799	$	427,986,926	$	531,466,625

Summary of Reconciliation of Investments in Securities

The following tables provide a reconciliation of the beginning and ending balances for investments for which fair value was determined using Level 3 inputs for the six months ended June 30, 2024 and 2023:

	Six Months Ended June 30, 2024
	First Lien Debt			Equity		Total Investments
Fair value, beginning of period	$	425,746,100		$	2,240,826	$	427,986,926
Purchases of investments		349,793,514			2,237,161		352,030,675
Proceeds from principal repayments and sales of investments		(110,113,669	)		—		(110,113,669	)
Accretion of discount/ amortization of premium		1,050,078			—		1,050,078
Net realized gain (loss)		(244,920	)		—		(244,920	)
Net change in unrealized appreciation (depreciation)		1,714,021			223,992		1,938,013
Fair value, end of period	$	667,945,124		$	4,701,979	$	672,647,103
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2024	$	1,989,614		$	223,992	$	2,213,606

	Six Months Ended June 30, 2023
	First Lien Debt			Equity		Total Investments
Fair value, beginning of period	$	—		$	—	$	—
Purchases of investments		160,111,422			220,070		160,331,492
Proceeds from principal repayments and sales of investments		(427,574	)		—		(427,574	)
Accretion of discount/ amortization of premium		232,064			—		232,064
Net change in unrealized appreciation (depreciation)		947,294			4,622		951,916
Fair value, end of period	$	160,863,206		$	224,692	$	161,087,898
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2023	$	947,294		$	4,622	$	951,916

Summary of Level 3 securities held by the Fundbased on unobservable inputs

The following provides information on Level 3 securities held by the Fund that were valued at June 30, 2024 and December 31, 2023 based on unobservable inputs:

	June 30, 2024
					Range
	Fair Value		Valuation Technique	Unobservable Input	Low			High			Weighted Average			Impact to Valuation from an Increase in Input*
First Lien Debt	$	667,945,124	Market approach	Transaction price	$	98.00		$	99.25		$	98.57		Increase
			Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		9.80			9.80			9.80		Increase
			Discounted cash flow	Yield		8.8	%		13.8	%		10.6	%	Decrease
			Indicative market price	Evaluated bid	$	98.00		$	98.00		$	98.00		Increase
Equities		4,701,979	Market approach	Transaction price	$	1.00		$	1.00		$	1.00		Increase
			Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		3.80			17.50			9.80		Increase
Total	$	672,647,103

	December 31, 2023
					Range
	Fair Value		Valuation Technique	Unobservable Input	Low			High			Weighted Average			Impact to Valuation from an Increase in Input*
First Lien Debt	$	425,746,100	Market approach	Transaction price	$	73.96		$	97.50		$	83.19		Increase
			Indicative market price	Evaluated bid	$	97.00		$	99.50		$	99.09		Increase
			Discounted cash flow	Yield		9.4	%		13.0	%		10.9	%	Decrease
Equities		2,240,826	Market comparable	Enterprise value/EBITDA multiple (EV/EBITDA)		7.50			17.50			11.60		Increase
			Market approach	Transaction price	$	1.00		$	1.00		$	1.00		Increase
Total	$	427,986,926

* Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end.

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Share Repurchase Program (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Summarizes the Share Repurchases Completed

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2024:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
February 29, 2024	5%	$	25.78	March 29, 2024	$	577,424		22,576	0.14%
May 31, 2024	5%	$	25.85	June 28, 2024	$	6,918,357		267,690	1.18%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2023:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
May 31, 2023	5%	$	25.32	June 30, 2023	$	50,019		2,049	0.05%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Unfunded Loan Commitments

The following table details the unfunded loan commitments at June 30, 2024:

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
AB Centers Acquisition Corporation	Revolving Credit Facility	9/6/2028	$	2,068,966
AB Centers Acquisition Corporation	Delayed Draw Term Loan	9/6/2028		2,482,759
ACP Avenu Buyer, LLC	Revolving Credit Facility	10/2/2029		877,500
ACP Avenu Buyer, LLC	Delayed Draw Term Loan	10/2/2029		5,500,583
ACP Falcon Buyer, Inc.	Revolving Credit Facility	8/1/2029		1,000,000
Alera Group, Inc.	Delayed Draw Term Loan	9/30/2028		2,260,105
Aptean, Inc.	Revolving Credit Facility	1/30/2031		728,200
Aptean, Inc.	Delayed Draw Term Loan	1/30/2031		1,350,132
BeBright MSO, LLC	Delayed Draw Term Loan	6/3/2030		6,890,015
BeBright MSO, LLC	Revolving Credit Facility	6/3/2030		1,867,213
C2DX, Inc	Revolving Credit Facility	3/19/2030		1,748,285
C2DX, Inc	Delayed Draw Term Loan	3/19/2030		4,924,746
Cadence - Southwick, Inc.	Revolving Credit Facility	5/3/2028		1,000,309
CCI Prime, LLC	Delayed Draw Term Loan	10/18/2029		1,996,933
CCI Prime, LLC	Revolving Credit Facility	10/18/2029		1,000,000
COP Foundations Acquisitions Inc.	Delayed Draw Term Loan	5/6/2029		7,332,769
COP Foundations Acquisitions Inc.	Revolving Credit Facility	5/6/2029		1,833,192
Door Pro Buyer, LLC	Delayed Draw Term Loan	11/2/2029		10,192,308
Door Pro Buyer, LLC	Revolving Credit Facility	11/2/2029		3,397,436
EDS Buyer, LLC	Revolving Credit Facility	1/10/2029		780,539
Endurance PT Technology Buyer Corporation	Revolving Credit Facility	2/28/2030		1,000,000
Eversmith Brands Intermediate Holding Company	Delayed Draw Term Loan	6/17/2030		3,206,687
Eversmith Brands Intermediate Holding Company	Revolving Credit Facility	6/17/2030		897,872
Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc.	Delayed Draw Term Loan	1/3/2029		9,090,909
Hobbs & Associates Inc	Delayed Draw Term Loan	4/11/2029		7,760,982
Houseworks Holdings, LLC	Revolving Credit Facility	12/16/2028		510,204
Houseworks Holdings, LLC	Delayed Draw Term Loan	12/16/2028		1,428,571

At June 30, 2024 continued:

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
Infusion Services Management, LLC	Delayed Draw Term Loan	7/7/2028		4,405,014
Infusion Services Management, LLC	Revolving Credit Facility	7/7/2028		1,000,000
Midas Foods International, LLC	Delayed Draw Term Loan	4/30/2029		6,038,082
Midas Foods International, LLC	Revolving Credit Facility	4/30/2029		2,012,694
MMGY Global LLC	Revolving Credit Facility	4/25/2029		2,044,291
MoboTrex, LLC	Delayed Draw Term Loan	6/7/2030		3,987,103
MoboTrex, LLC	Revolving Credit Facility	6/7/2030		1,329,034
Mustang Prospects Purchaser LLC	Delayed Draw Term Loan	6/13/2031		3,661,202
Mustang Prospects Purchaser LLC	Revolving Credit Facility	6/13/2031		2,288,251
Neptune Platform Buyer, LLC	Delayed Draw Term Loan	1/20/2031		4,285,714
Pavement Partners Interco, LLC	Revolving Credit Facility	2/7/2028		517,943
Quick Roofing Acquisition, LLC	Revolving Credit Facility	12/22/2029		1,000,000
Quick Roofing Acquisition, LLC	Delayed Draw Term Loan	12/22/2029		13,918,033
Refresh Buyer LLC	Delayed Draw Term Loan	12/23/2028		2,812,944
Ruppert Landscape, LLC	Revolving Credit Facility	12/1/2028		289,520
Ruppert Landscape, LLC	Delayed Draw Term Loan	12/1/2028		5,428,489
SCP WQS Buyer, LLC	Delayed Draw Term Loan	10/2/2028		12,532,979
SCP WQS Buyer, LLC	Revolving Credit Facility	10/2/2028		840,000
Soteria Flexibles Corporation	Delayed Draw Term Loan	8/15/2029		6,527,725
Soteria Flexibles Corporation	Revolving Credit Facility	8/15/2029		1,000,000
The Smilist DSO, LLC	Revolving Credit Facility	4/4/2029		926,306
The Smilist DSO, LLC	Delayed Draw Term Loan	4/4/2029		3,705,226
The Smilist DSO, LLC	Delayed Draw Term Loan	4/4/2029		565,047
Tiger Healthcare Buyer, LLC	Delayed Draw Term Loan	2/27/2030		9,687,500
Tiger Healthcare Buyer, LLC	Revolving Credit Facility	2/27/2030		1,000,000
USW Buyer, LLC	Delayed Draw Term Loan	11/3/2028		2,350,000
VRC Companies LLC	Delayed Draw Term Loan	6/29/2027		12,866,667
WCI-BXC Purchaser, LLC	Revolving Credit Facility	11/6/2029		1,000,000
Total Unfunded Commitments			$	191,146,979

The following table details the unfunded loan commitments at December 31, 2023:

Investments--non-controlled/ non-affiliate	Commitment Type	Commitment Expiration Date	Unfunded Commitment ($)
First Lien Debt
AB Centers Acquisition Corporation	Revolving Credit Facility	9/6/2028	$	2,068,966
AB Centers Acquisition Corporation	Delayed Draw Term Loan	9/6/2028		6,724,138
ACP Avenu Buyer, LLC	Delayed Draw Term Loan	10/2/2029		9,312,500
ACP Avenu Buyer, LLC	Revolving Credit Facility	10/2/2029		1,000,000
ACP Falcon Buyer, Inc.	Revolving Credit Facility	8/1/2029		1,000,000
Alera Group, Inc.	Delayed Draw Term Loan	9/30/2028		2,701,321
Cadence - Southwick, Inc.	Revolving Credit Facility	5/3/2028		733,333
CCI Prime, LLC	Delayed Draw Term Loan	10/18/2029		1,996,933
CCI Prime, LLC	Revolving Credit Facility	10/18/2029		1,000,000
Door Pro Buyer, LLC	Delayed Draw Term Loan	11/2/2029		10,192,308
Door Pro Buyer, LLC	Revolving Credit Facility	11/2/2029		3,397,436
Hobbs & Associates Inc	Delayed Draw Term Loan	4/11/2029		2,185,718
Houseworks Holdings, LLC	Revolving Credit Facility	12/16/2028		510,204
Houseworks Holdings, LLC	Delayed Draw Term Loan	12/16/2028		1,428,571
Infusion Services Management, LLC	Delayed Draw Term Loan	7/7/2028		4,405,014
Infusion Services Management, LLC	Revolving Credit Facility	7/7/2028		4,969
MMGY Global LLC	Revolving Credit Facility	4/25/2029		2,044,291
Omnia Partners LLC	Delayed Draw Term Loan	7/25/2030		637,604
Pavement Partners Interco, LLC	Revolving Credit Facility	2/7/2028		753,769
Quick Roofing Acquisition, LLC	Delayed Draw Term Loan	12/22/2029		13,918,033
Quick Roofing Acquisition, LLC	Revolving Credit Facility	12/22/2029		1,000,000
Refresh Buyer LLC	Delayed Draw Term Loan	12/23/2028		2,812,944
SCP WQS Buyer, LLC	Delayed Draw Term Loan	10/2/2028		14,558,511
SCP WQS Buyer, LLC	Revolving Credit Facility	10/2/2028		1,000,000
Soteria Flexibles Corporation	Delayed Draw Term Loan	8/15/2029		6,527,725
Soteria Flexibles Corporation	Revolving Credit Facility	8/15/2029		1,000,000
USW Buyer, LLC	Delayed Draw Term Loan	11/3/2028		5,350,000
WCI-BXC Purchaser, LLC	Revolving Credit Facility	11/6/2029		1,000,000
Total Unfunded Commitments			$	99,264,288

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Borrowings (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Outstanding Borrowing

The Fund’s outstanding borrowings at June 30, 2024 and December 31, 2023 were as follows:

	June 30, 2024
	Aggregate Principal Committed		Outstanding Principal		Carrying Value
JPMorgan Lending Facility	$	500,000,000	$	330,000,000	$	330,000,000
BSPV Facility		250,000,000		35,000,000		35,000,000
Total	$	750,000,000	$	365,000,000	$	365,000,000

	December 31, 2023
	Aggregate Principal Committed		Outstanding Principal		Carrying Value
JPMorgan Lending Facility (1)	$	460,000,000	$	105,848,459	$	105,848,459
Total	$	460,000,000	$	105,848,459	$	105,848,459

(1)Under the JPMorgan Lending Facility, the Fund is permitted to borrow in USD or certain other currencies. As of December 31, 2023, the Fund had borrowings denominated in CAD of $21 million, translated to USD of $15.8 million. In connection with the preparation of the Fund’s financial statements for the quarter ended March 31, 2024, the reported amount of $481 million of Aggregate Principal Committed for the year ended December 31, 2023, was revised to $460 million of Aggregate Principal Committed, noted above, to correct the prior disclosure.

Schedule of Components of Interest Expense

For the three and six months ended June 30, 2024 and 2023 the components of interest expense were as follows:

	Three Months Ended June 30,
	2024		2023
Borrowing interest expense	$	5,589,634	$	214,653
Facility unused fees		169,706		424,396
Amortization of financing costs		305,908		231,528
Total Interest Expense	$	6,065,248	$	870,577

	Six Months Ended June 30,
	2024		2023
Borrowing interest expense	$	9,089,362	$	234,177
Facility unused fees		423,403		495,188
Amortization of financing costs		551,839		268,871
Total Interest Expense	$	10,064,604	$	998,236

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Net Assets (Tables)

6 Months Ended

Jun. 30, 2024

Net Assets [Abstract]

Schedule of Transactions in Common Shares of Beneficial Interest

The following table summarizes transactions in Common Shares during the three and six months ended June 30, 2024:

	Three Months Ended June 30, 2024						Six Months Ended June 30, 2024
	Shares			Amount			Shares			Amount
CLASS I
Subscriptions		3,431,569		$	88,659,304			6,709,773		$	173,401,943
Share transfers between classes		—			—			—			—
Distributions reinvested		298,681			7,722,148			544,209			14,069,401
Share repurchases		(267,690	)		(6,920,455	)		(290,266	)		(7,502,429	)
Early repurchase deduction		—			2,098			—			6,648
Net increase (decrease)		3,462,560		$	89,463,095			6,963,716		$	179,975,563
CLASS S
Subscriptions		1,863			48,250			1,863			48,250
Share transfers between classes		—			—			—			—
Distributions reinvested		10			243			19			480
Share repurchases		—			—			—			—
Early repurchase deduction		—			—			—			—
Net increase (decrease)		1,873		$	48,493			1,882		$	48,730
CLASS D
Subscriptions		—			—			—			—
Share transfers between classes		—			—			—			—
Distributions reinvested		11			259			20			512
Share repurchases		—			—			—			—
Early repurchase deduction		—			—			—			—
Net increase (decrease)		11		$	259			20		$	512
Total net increase (decrease)		3,464,444		$	89,511,847			6,965,618		$	180,024,805

The following table summarizes transactions in Common Shares the three and six months ended June 30, 2023:

	Three Months Ended June 30, 2023						Six Months Ended June 30, 2023
	Shares			Amount			Shares			Amount
CLASS I
Subscriptions		3,435,378		$	86,794,592			7,519,670		$	188,901,900
Share transfers between classes		—			—			—			—
Distributions reinvested		44,626			1,126,903			44,626			1,126,903
Share repurchases		(2,049	)		(51,039	)		(2,049	)		(51,039	)
Early repurchase deduction		—			1,020			—			1,020
Net increase (decrease)		3,477,955		$	87,871,476			7,562,247		$	189,978,784

Schedule of Month-End NAV Per Share for Common Shares

The following table summarizes each month-end NAV per share for Class I, Class S, and Class D Common Shares of beneficial interest during the six months ended June 30, 2024 and 2023:

	NAV Per Share
For the Months Ended	Class I		Class S		Class D
January 31, 2024	$	25.82	$	25.82	$	25.82
February 29, 2024		25.92		25.92		25.92
March 31, 2024		25.78		25.78		25.78
April 30, 2024		25.84		25.84		25.84
May 31, 2024		25.89		25.89		25.89
June 30, 2024		25.85		25.85		25.85

	NAV Per Share
For the Months Ended	Class I		Class S		Class D
March 31, 2023	$	25.31	$	—	$	—
April 30, 2023		25.27		—		—
May 31, 2023		25.24		—		—
June 30, 2023		25.32		—		—

Schedule of the Fund Made Distributions as Detailed

For the six months ended June 30, 2024 the Fund made distributions as detailed in the table below:

			Class I
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.2175	$	3,699,830
February 29, 2024	February 29, 2024	March 22, 2024		0.2175		3,913,427
March 29, 2024	March 31, 2024	April 22, 2024		0.2175		4,186,257
April 26, 2024	April 30, 2024	May 22, 2024		0.2175		4,465,411
May 29, 2024	May 31, 2024	June 25, 2024		0.2175		4,678,992
June 28, 2024	June 28, 2024	July 23, 2024		0.2175		4,992,714
			$	1.3050	$	25,936,631

			Class S
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.1992	$	80
February 29, 2024	February 29, 2024	March 22, 2024		0.1992		80
March 29, 2024	March 31, 2024	April 22, 2024		0.1991		80
April 26, 2024	April 30, 2024	May 22, 2024		0.1995		81
May 29, 2024	May 31, 2024	June 25, 2024		0.1989		82
June 28, 2024	June 28, 2024	July 23, 2024		0.1995		454
			$	1.1954	$	857

			Class D
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
January 29, 2024	January 31, 2024	February 23, 2024	$	0.2121	$	84
February 29, 2024	February 29, 2024	March 22, 2024		0.2121		85
March 29, 2024	March 31, 2024	April 22, 2024		0.2121		86
April 26, 2024	April 30, 2024	May 22, 2024		0.2122		87
May 29, 2024	May 31, 2024	June 25, 2024		0.2120		87
June 28, 2024	June 28, 2024	July 23, 2024		0.2122		88
			$	1.2727	$	517

For the six months ended June 30, 2023 the Fund made distributions as detailed in the table below.

			Class I
Declaration Date	Record Date	Payment Date	Distribution Per Share		Distribution Amount
April 26, 2023	April 28, 2023	May 18, 2023	$	0.2000	$	950,534
May 25, 2023	May 31, 2023	June 23, 2023		0.2050		1,223,097
June 27, 2023	June 30, 2023	July 25, 2023		0.2050		1,550,697
			$	0.6100	$	3,724,328

Schedule of Character of Distributions

The following table reflects the sources of cash distributions on a U.S. GAAP basis that we declared on our shares of common stock during the six months ended June 30, 2024:

	Class I				Class S				Class D
Source of Distribution	Per Share		Amount		Per Share		Amount		Per Share		Amount
Net investment income	$	1.31	$	25,936,631	$	1.20	$	857	$	1.27	$	517
Net realized gains		—		—		—		—		—		—
Total	$	1.31	$	25,936,631	$	1.20	$	857	$	1.27	$	517

The following table reflects the sources of cash distributions on a U.S. GAAP basis that we declared on our shares of common stock during the six months ended June 30, 2023.

	Class I				Class S				Class D
Source of Distribution	Per Share		Amount		Per Share		Amount		Per Share		Amount
Net investment income	$	0.61	$	3,724,328	$	—	$	—	$	—	$	—
Net realized gains		—		—		—		—		—		—
Total	$	0.61	$	3,724,328	$	—	$	—	$	—	$	—

Schedule of Summarizes the Share Repurchases Completed

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2024:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
February 29, 2024	5%	$	25.78	March 29, 2024	$	577,424		22,576	0.14%
May 31, 2024	5%	$	25.85	June 28, 2024	$	6,918,357		267,690	1.18%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

The following table summarizes the share repurchases completed during the three and six months ended June 30, 2023:

Repurchase Deadline Request	Percentage of Outstanding Shares the Fund Offered to Repurchase	Price Paid Per Share		Repurchase Pricing Date	Amount Repurchased (all classes) (1)		Number of Shares Repurchased (all classes)		Percentage of Outstanding Shares Repurchased (2)
May 31, 2023	5%	$	25.32	June 30, 2023	$	50,019		2,049	0.05%

(1)Amount shown net of Early Repurchase Deduction.

(2)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

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Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2024

Investment Company, Financial Highlights [Abstract]

Schedule of Financial Highlights

The financial highlights for the six months ended June 30, 2024 and 2023 are as follows:

	Six Months Ended June 30, 2024
	Class I			Class S			Class D
Per Share Activity
Net asset value, beginning of period	$	25.81		$	25.81		$	25.81
Net investment income (loss) A		1.35			1.25			1.32
Net realized and unrealized gain (loss) A		—			(0.01	)		(0.01	)
Net increase (decrease) in net assets resulting from operations		1.35			1.24			1.31
Distributions		(1.31	)		(1.20	)		(1.27	)
Net asset value, end of period	$	25.85		$	25.85		$	25.85
Total return B		5.32	%		4.88	%		5.19	%
Ratios to Average Net Assets: C,G
Net investment income (loss) D		11.27	%		10.42	%		11.02	%
Expenses, gross D		6.84	%		7.69	%		7.09	%
Expenses, net of waivers D,E		6.67	%		7.52	%		6.92	%
Portfolio turnover F		15.15	%		15.15	%		15.15	%
Supplemental Data:
Expenses, net of waivers, excluding interest expense D,E,G		2.72	%		3.57	%		2.97	%
Expenses, net of waivers, excluding management and incentive fees and interest expense D,E,G		0.72	%		1.57	%		0.97	%

	Six Months Ended June 30, 2023
	Class I			Class S			Class D
Per Share Activity
Net asset value, beginning of period	$	25.00		$	—		$	—
Net investment income (loss) A		0.67			—			—
Net realized and unrealized gain (loss) A		0.26			—			—
Net increase (decrease) in net assets resulting from operations		0.93			—			—
Distributions		(0.61	)		—			—
Net asset value, end of period	$	25.32		$	—		$	—
Total return B		3.74	%		—	%		—	%
Ratios to Average Net Assets: C,G
Net investment income (loss) D		9.06	%		—	%		—	%
Expenses, gross D		8.02	%		—	%		—	%
Expenses, net of waivers D,E		3.18	%		—	%		—	%
Portfolio turnover F,G		0.13	%		—	%		—	%
Supplemental Data:
Expenses, net of waivers, excluding interest expense D,E,G		0.83	%		—	%		—	%
Expenses, net of waivers, excluding management and incentive fees and interest expense D,E,G		0.70	%		—	%		—	%

A. Calculated based on weighted average shares outstanding during the period.

B. Total returns of less than 1 year are not annualized.

C. Expense ratios reflect operating expenses of the Fund.

D. For the six months ended June 30, 2024 and 2023, amounts are annualized except for incentive fees, escrow fees, and organizational costs.

E. Waivers include expense support, management fees waived and income based incentive fees waived.

F. The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities year to date divided by the weighted average fair value of the portfolio securities, excluding short-term securities.

G. Annualized.

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Organization (Additional Information) (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of assets in investment	156.40%	130.90%
Initial share offering price	$ 25
Offered to the public new issue common stock shares, amount	$ 1,000,000,000
Minimum [Member] | Investments that meet regulatory requirements of the BDC structure [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Percentage of assets in investment	70.00%

XML

Significant Accounting Policies (Additional Information) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Summary of significant accounting principles and policies [Line Item]
Percentage of investment company taxable income			90.00%
Non deductible federal excise tax			4.00%
Percentage of ordinary income			98.00%
Percentage of capital gain net income			98.20%
Estimated Tax Liability	$ 298,615		$ 298,615		$ 0
Increase in estimated tax liability	298,615	$ 0	298,615	$ 0
U.S. federal income tax, including excise tax			0
Excise tax payable	$ 0		$ 0		$ 66,312

XML

Related Party Agreements and Transactions (Additional Information) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Management fee, description			The management fee is payable monthly in arrears at an annual rate of 1.25% of the value of the Fund’s net assets as of the beginning of the first calendar day of the applicable month.
Management fees	$ 1,749,476	$ 481,257	$ 3,210,454	$ 546,448
Management fee payable	1,198,148		1,198,148		$ 0
Administration fees	453,724	124,127	831,925	140,941
Shareholder servicing fee payable	0		$ 0		$ 9
Percentage of other operating expenses exceeds			0.70%
Other general and administrative expenses	$ 415,509	143,461	$ 812,594	233,769
Common stock, shares outstanding	22,690,013		22,690,013		15,724,395
Due to affiliates	$ 0		$ 0		$ 9
Receivable to other affiliates	0		$ 0		561,250
Hurdle Rate [Member]
Related Party Transaction [Line Items]
Management and service fees, incentive rate			1.25%
Capital Gains Incentive Fees [Member]
Related Party Transaction [Line Items]
Income based incentive fees	122,376	55,095	$ 18,474	185,262
Payable to adviser for incentive fees based on income	886,652		886,652		868,178
Income Based Fees [Member]
Related Party Transaction [Line Items]
Income based incentive fees	2,108,026	442,889	3,785,319	489,804
Capital Gains Incentive Fee Payable [Member]
Related Party Transaction [Line Items]
Payable to adviser for incentive fees based on income	886,652		$ 886,652		868,178
Incentive Fee based on Capital Gains [Member]
Related Party Transaction [Line Items]
Management and service fees, incentive rate			12.50%
Management Fees [Member]
Related Party Transaction [Line Items]
Management fees waived	0	481,257	$ 0	546,448
Affiliates of the Adviser [Member]
Related Party Transaction [Line Items]
Receivable to other affiliates					561,250
Payable to other affiliates	360,535		360,535
Expenses paid for administration fees, distribution fees and transfer agent fees			456,348		622,620
Received for expense reimbursements			95,813		1,183,870
Affiliates of the Adviser [Member] | Income Based Fees [Member]
Related Party Transaction [Line Items]
Payable to adviser for incentive fees based on income	$ 2,108,026		$ 2,108,026		$ 0
Class D Common Shares [Member] | Affiliates of the Adviser [Member]
Related Party Transaction [Line Items]
Common stock, shares outstanding	415		415		395
Related party ownership percentage	100.00%		100.00%		100.00%
Class S Common Shares [Member] | Affiliates of the Adviser [Member]
Related Party Transaction [Line Items]
Common stock, shares outstanding	415		415		395
Related party ownership percentage	18.00%		18.00%		100.00%
Class S shares [Member]
Related Party Transaction [Line Items]
Distribution and shareholder servicing fees	$ 56		$ 78
Class D shares [Member]
Related Party Transaction [Line Items]
Distribution and shareholder servicing fees	7		$ 13
Investment Advisory Agreement [Member]
Related Party Transaction [Line Items]
Incentive fees, description			No incentive fee based on Pre-Incentive Fee Net Investment Income Returns in any calendar quarter in which the Fund’s Pre-Incentive Fee Net Investment Income Returns attributable to the applicable share class do not exceed the hurdle rate of 1.25% per quarter (5.00% annualized);
Investment Advisory Agreement [Member] | Affiliates of the Adviser [Member]
Related Party Transaction [Line Items]
Incentive fees, description			The Managing Dealer is a broker-dealer registered with the SEC and is a member of the Financial Industry Regulatory Authority. The Managing Dealer Agreement may be terminated at any time, without the payment of any penalty, by vote of a majority of the Fund’s trustees who are not “interested persons,” as defined in the 1940 Act, of the Fund and who have no direct or indirect financial interest in the Fund’s distribution plan or the Managing Dealer Agreement or by vote a majority of the outstanding voting securities of the Fund, on not more than 60 days’ written notice to the Managing Dealer or the Adviser. This Agreement will automatically terminate in the event of its assignment, as defined in the 1940 Act.
Administration Agreement [Member]
Related Party Transaction [Line Items]
Administrative fees ,description			the Fund pays the Administrator a monthly fee of 0.02666% (0.32% on an annualized basis) of the Fund’s month-end NAV and reimburses the Administrator for the costs and expenses of the Fund incurred by the Administrator.
Termination of agreement, description			The Fund may terminate the Advisory Agreement upon 60 days’ written notice, and the Administration Agreement upon 120 days’ written notice, without payment of any penalty. The decision to terminate either agreement may be made by a majority of the Board or the shareholders holding a majority of the Fund’s outstanding voting securities, which means the lesser of (1) 67% or more of the voting securities present at a meeting if more than 50% of the outstanding voting securities are present or represented by proxy, or (2) more than 50% of the outstanding voting securities. In addition, without payment of any penalty, the Adviser may terminate the Advisory Agreement upon 120 days’ written notice and the Administrator may terminate the Administration Agreement upon 120 days’ written notice. The Advisory Agreement will automatically terminate within the meaning of the 1940 Act and related SEC guidance and interpretations in the event of its assignment.
Due to affiliates	310,669		$ 310,669		$ 109,398
Transfer Agent Agreement [Member]
Related Party Transaction [Line Items]
Transfer fees, description			Each class pays a fee for transfer agent services equal to 0.0125% (0.15% on an annualized basis) of class-level net assets as of the end of the last business day of the month. Such fees are payable in arrears.
Other general and administrative expenses	212,696	$ 58,185	$ 389,978	$ 66,066
Payable to other affiliates	$ 145,626		$ 145,626		$ 51,238
Managing Dealer Agreement [Member]
Related Party Transaction [Line Items]
Management fee, description			The Managing Dealer will be entitled to receive shareholder servicing and/or distribution fees monthly in arrears at a contractual rate of 0.85% per annum of the aggregate value of the Fund’s net assets attributable to Class S shares as of the beginning of the first calendar day of the month. The Managing Dealer will be entitled to receive shareholder servicing fees monthly in arrears at a contractual rate of 0.25% per annum of the aggregate value of the Fund’s net assets attributable to Class D shares as of the beginning of the first calendar day of the month.
Expense Support Agreement [Member]
Related Party Transaction [Line Items]
Percentage of other operating expenses			0.70%

XML

Related Party Agreements and Transactions - Schedule of Shareholder Servicing and/or Distribution Fee (Details)	Jun. 30, 2024
Class S shares [Member]
Related Party Transaction [Line Items]
Shareholder Servicing and/or Distribution Fee	0.85%
Class D shares [Member]
Related Party Transaction [Line Items]
Shareholder Servicing and/or Distribution Fee	0.25%
Class I Shares [Member]
Related Party Transaction [Line Items]
Shareholder Servicing and/or Distribution Fee	0.00%

XML

Related Party Agreements and Transactions - Summary of Expense Payments and Related Reimbursement Payments (Details) - USD ($)	3 Months Ended								24 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2024
Amount of Expense Support [Member]
Related Party Transaction [Line Items]
Expense payments and related reimbursement payments	$ 136,913	$ 454,648	$ 521,434	$ 651,125	$ 694,335	$ 677,518	$ 349,999	$ 497,933	$ 3,983,905
Amount of Reimbursement Payment [Member]
Related Party Transaction [Line Items]
Expense payments and related reimbursement payments	0	0	0	0	0	0	0	0	0
Amount of Unreimbursed Expense Support [Member]
Related Party Transaction [Line Items]
Expense payments and related reimbursement payments	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0

XML

Related Party Agreements and Transactions - Summary of Company's Affiliated Investments (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Investment Owned, at Fair Value, Beginning Balance			$ 531,466,625
Realized Gain (Losses)			(1,027,779)	$ 0
Investment Owned, at Fair Value, Ending Balance	$ 917,040,383		917,040,383		$ 531,466,625
Fidelity Investments Money Market Government Portfolio Class I [Member]
Related Party Transaction [Line Items]
Investment Owned, at Fair Value, Beginning Balance			0	0	0
Gross Additions					124,323,429
Gross Reductions					(124,323,429)
Net change in unrealized appreciation (depreciation)					0
Realized Gain (Losses)					0
Investment Owned, at Fair Value, Ending Balance					0
Dividend and Interest Income					179,725
Fidelity Floating Rate Central Fund [Member]
Related Party Transaction [Line Items]
Investment Owned, at Fair Value, Beginning Balance			24,795,483	0	0
Gross Additions			1,176,732		24,436,874
Gross Reductions			0		0
Net change in unrealized appreciation (depreciation)			(149,760)		358,609
Realized Gain (Losses)					0
Investment Owned, at Fair Value, Ending Balance	25,822,455		25,822,455		24,795,483
Dividend and Interest Income			1,211,130		949,591
Investment, Unaffiliated Issuer [Member]
Related Party Transaction [Line Items]
Investment Owned, at Fair Value, Beginning Balance			506,671,142
Net change in unrealized appreciation (depreciation)	1,674,840	$ 351,901	472,090	1,393,238
Investment Owned, at Fair Value, Ending Balance	891,217,928		891,217,928		506,671,142
Investment, Affiliated Issuer, Noncontrolled [Member]
Related Party Transaction [Line Items]
Investment Owned, at Fair Value, Beginning Balance			24,795,483
Net change in unrealized appreciation (depreciation)	(178,332)	$ 88,865	(149,760)	88,865
Investment Owned, at Fair Value, Ending Balance	25,822,455		25,822,455		24,795,483
Non-controlled / Affiliate Investments
Related Party Transaction [Line Items]
Investment Owned, at Fair Value, Beginning Balance			24,795,483	$ 0	0
Gross Additions			1,176,732		148,760,303
Gross Reductions			0		(124,323,429)
Net change in unrealized appreciation (depreciation)			(149,760)		358,609
Realized Gain (Losses)					0
Investment Owned, at Fair Value, Ending Balance	$ 25,822,455		25,822,455		24,795,483
Dividend and Interest Income			$ 1,211,130		$ 1,129,316

XML

Investments - Schedule of Composition of the Fund Investment Portfolio at Cost and Fair Value (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Fair Value	$ 917,040,383	$ 531,466,625
First Lien Debt [Member]
Summary of Investment Holdings [Line Items]
Amortized Cost	869,879,837	482,753,585
Fair Value	877,159,756	489,101,899
Second Lien Debt [Member]
Summary of Investment Holdings [Line Items]
Amortized Cost	9,621,642	0
Fair Value	9,236,750	0
Equity [Member]
Summary of Investment Holdings [Line Items]
Amortized Cost	4,239,476	2,002,315
Fair Value	4,701,979	2,240,826
Mutual Funds [Member]
Summary of Investment Holdings [Line Items]
Amortized Cost	25,733,049	39,765,291
Fair Value	25,941,898	40,123,900
Investment Portfolio, Total [Member]
Summary of Investment Holdings [Line Items]
Amortized Cost	909,474,004	524,521,191
Fair Value	$ 917,040,383	$ 531,466,625
Investment [Member] | Securities Investment Concentration Risk [Member] | First Lien Debt [Member]
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	95.70%	92.00%
Investment [Member] | Securities Investment Concentration Risk [Member] | Second Lien Debt [Member]
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	1.00%	0.00%
Investment [Member] | Securities Investment Concentration Risk [Member] | Equity [Member]
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	0.50%	0.40%
Investment [Member] | Securities Investment Concentration Risk [Member] | Mutual Funds [Member]
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	2.80%	7.60%
Investment [Member] | Securities Investment Concentration Risk [Member] | Investment Portfolio, Total [Member]
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	100.00%	100.00%

XML

Investments - Summary of Industry Composition of Investments at Fair Value (Details) - Investment [Member] - Industry Concentration Risk [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Application Software
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	14.70%	19.40%
Specialized Consumer Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	8.20%	13.20%
Diversified Support Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	6.80%	8.00%
Human Resource & Employment Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	3.50%	0.00%
Health Care Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	10.20%	6.40%
Mutual Funds
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	2.80%	7.60%
Industrial Machinery & Supplies & Components
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	8.30%	1.80%
Life Sciences Tools & Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	3.00%	5.20%
Insurance Brokers
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	2.80%	3.80%
Aerospace & Defense
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	2.60%	1.70%
Electrical Components & Equipment
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	3.10%	0.00%
Packaged Foods & Meats
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	2.20%	3.70%
Environmental & Facilities Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	2.70%	3.70%
Automotive Parts & Equipment
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	2.10%	3.70%
Property & Casualty Insurance
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	2.80%	0.00%
Specialty Chemicals
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.50%	0.00%
Building Products
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	1.70%	1.20%
Trading Companies & Distributors
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	2.00%	1.20%
Health Care Facilities
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	1.30%	2.40%
Air Freight & Logistics
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	1.40%	2.80%
Soft Drinks & Non-Alcoholic Beverages
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	1.60%	2.10%
Education Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	1.10%	1.40%
Specialized Finance
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	1.10%	1.90%
Transaction & Payment Processing Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	1.00%	0.00%
Pharmaceuticals
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	1.10%	1.90%
Commodity Chemicals
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.90%	1.60%
Advertising
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.90%	1.60%
Health Care Supplies
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.80%	0.00%
Food Retail
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.80%	1.40%
Oil & Gas Refining & Marketing
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.80%	1.40%
Data Processing & Outsourced Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.80%	0.00%
Fertilizers & Agricultural Chemicals
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.60%	0.00%
Security & Alarm Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.60%	0.00%
Internet Services & Infrastructure
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.60%	0.00%
Systems Software
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.50%	0.00%
Research & Consulting Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.50%	0.00%
Health Care Technology
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.50%	0.00%
Diversified Chemicals
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.50%	0.00%
Health Care Distributors
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.50%	0.00%
Diversified Financial Services
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.50%	0.90%
Food Distributors
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.40%	0.00%
Home Improvement Retail
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.40%	0.00%
Metal, Glass & Plastic Containers
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.40%	0.00%
Personal Care Products
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.30%	0.00%
Asset Management & Custody Banks
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.10%	0.00%
Construction Materials
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	0.00%	0.00%
Investment Portfolio, Total [Member]
SEC Schedule, 12-15, Insurance Companies, Summary of Investments, Other than Investments in Related Parties [Line Items]
% of Total Investments at Fair Value	100.00%	100.00%

XML

Investments - Summary of Geographic Composition of Investments at Fair Value (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Summary of Investment Holdings [Line Items]
Fair Value	$ 917,040,383	$ 531,466,625
Fair Value as % of Net Assets	156.40%	130.90%
United States
Summary of Investment Holdings [Line Items]
Fair Value	$ 873,667,539	$ 489,333,017
Fair Value as % of Net Assets	149.00%	120.60%
Australia
Summary of Investment Holdings [Line Items]
Fair Value	$ 32,179,916	$ 31,851,963
Fair Value as % of Net Assets	5.50%	7.80%
Canada
Summary of Investment Holdings [Line Items]
Fair Value	$ 10,223,857	$ 10,281,645
Fair Value as % of Net Assets	1.70%	2.50%
Luxembourg
Summary of Investment Holdings [Line Items]
Fair Value	$ 969,071	$ 0
Fair Value as % of Net Assets	0.20%	0.00%
Investment [Member] | Geographic Concentration Risk [Member] | United States
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	95.30%	92.10%
Investment [Member] | Geographic Concentration Risk [Member] | Australia
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	3.50%	6.00%
Investment [Member] | Geographic Concentration Risk [Member] | Canada
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	1.10%	1.90%
Investment [Member] | Geographic Concentration Risk [Member] | Luxembourg
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	0.10%	0.00%
Investment [Member] | Geographic Concentration Risk [Member] | Investment Portfolio, Total
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	100.00%	100.00%

XML

Investments (Additional Information) (Details) - Investments Owned At Fair Value [Member] - Investment Type Concentration Risk [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt Securities Fixed Rate [Member]
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	0.00%	0.00%
Debt Securities Variable Rate [Member]
Summary of Investment Holdings [Line Items]
% of Total Investments at Fair Value	100.00%	100.00%

XML

Fair Value Measurements - Summary of Fund's assets carried at fair value (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	$ 917,040,383	$ 531,466,625
First Lien Debt
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	877,159,756	489,101,899
Second Lien Debt [Member]
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	9,236,750
Equity investments
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	4,701,979	2,240,826
Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	25,941,898	40,123,900
Level 1
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	25,941,898	40,123,900
Level 1 | First Lien Debt
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	0	0
Level 1 | Second Lien Debt [Member]
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	0
Level 1 | Equity investments
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	0	0
Level 1 | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	25,941,898	40,123,900
Level 2
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	218,451,382	63,355,799
Level 2 | First Lien Debt
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	209,214,632	63,355,799
Level 2 | Second Lien Debt [Member]
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	9,236,750
Level 2 | Equity investments
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	0	0
Level 2 | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	0	0
Level 3
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	672,647,103	427,986,926
Level 3 | First Lien Debt
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	667,945,124	425,746,100
Level 3 | Second Lien Debt [Member]
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	0
Level 3 | Equity investments
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	4,701,979	2,240,826
Level 3 | Mutual Funds
Defined Benefit Plan Disclosure [Line Items]
Investment at Fair Value	$ 0	$ 0

XML

Fair Value Measurements - Summary of Reconciliation of Investments in Securities (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Accretion of discount/ amortization of premium	$ 1,277,144	$ 195,592
Fair Value, Inputs, Level 3 [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value, beginning of period	427,986,926	0
Purchases of investments	352,030,675	160,331,492
Proceeds from principal repayments and sales of investments	(110,113,669)	(427,574)
Accretion of discount/ amortization of premium	1,050,078	232,064
Net realized gain (loss)	(244,920)
Net change in unrealized appreciation (depreciation)	1,938,013	951,916
Fair value, end of period	672,647,103	161,087,898
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2024	2,213,606	951,916
Fair Value, Inputs, Level 3 [Member] | First Lien Debt [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value, beginning of period	425,746,100	0
Purchases of investments	349,793,514	160,111,422
Proceeds from principal repayments and sales of investments	(110,113,669)	(427,574)
Accretion of discount/ amortization of premium	1,050,078	232,064
Net realized gain (loss)	(244,920)
Net change in unrealized appreciation (depreciation)	1,714,021	947,294
Fair value, end of period	667,945,124	160,863,206
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2024	1,989,614	947,294
Fair Value, Inputs, Level 3 [Member] | Equity [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair value, beginning of period	2,240,826	0
Purchases of investments	2,237,161	220,070
Proceeds from principal repayments and sales of investments	0	0
Accretion of discount/ amortization of premium	0	0
Net realized gain (loss)	0
Net change in unrealized appreciation (depreciation)	223,992	4,622
Fair value, end of period	4,701,979	224,692
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments still held as of June 30, 2024	$ 223,992	$ 4,622

XML

Fair Value Measurements - Summary of Level 3 securities held by the Fundbased on unobservable inputs (Details)		6 Months Ended	12 Months Ended
		Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Summary of Investment Holdings [Line Items]
Investment at Fair Value		$ 917,040,383	$ 531,466,625
Fair Value, Inputs, Level 3 [Member]
Summary of Investment Holdings [Line Items]
Investment at Fair Value		672,647,103	427,986,926
First Lien Debt
Summary of Investment Holdings [Line Items]
Investment at Fair Value		877,159,756	489,101,899
First Lien Debt | Fair Value, Inputs, Level 3 [Member]
Summary of Investment Holdings [Line Items]
Investment at Fair Value		$ 667,945,124	$ 425,746,100
First Lien Debt | Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Yield [Member]
Summary of Investment Holdings [Line Items]
Impact on Valuation From Increase inInput	[1]	Decrease	Decrease
First Lien Debt | Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Yield [Member] | Minimum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		8.8	9.4
First Lien Debt | Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Yield [Member] | Maximum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		13.8	13
First Lien Debt | Discounted Cash Flow [Member] | Fair Value, Inputs, Level 3 [Member] | Yield [Member] | Weighted Average [Member]
Summary of Investment Holdings [Line Items]
Discount rate		10.6	10.9
First Lien Debt | Market approach [Member] | Fair Value, Inputs, Level 3 [Member] | Transaction Price [Member]
Summary of Investment Holdings [Line Items]
Impact on Valuation From Increase inInput	[1]	Increase	Increase
First Lien Debt | Market approach [Member] | Fair Value, Inputs, Level 3 [Member] | Transaction Price [Member] | Minimum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		98	73.96
First Lien Debt | Market approach [Member] | Fair Value, Inputs, Level 3 [Member] | Transaction Price [Member] | Maximum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		99.25	97.5
First Lien Debt | Market approach [Member] | Fair Value, Inputs, Level 3 [Member] | Transaction Price [Member] | Weighted Average [Member]
Summary of Investment Holdings [Line Items]
Discount rate		98.57	83.19
First Lien Debt | Indicative Market Price [Member] | Fair Value, Inputs, Level 3 [Member] | Evaluated Bid [Member]
Summary of Investment Holdings [Line Items]
Impact on Valuation From Increase inInput	[1]	Increase	Increase
First Lien Debt | Indicative Market Price [Member] | Fair Value, Inputs, Level 3 [Member] | Evaluated Bid [Member] | Minimum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		98	97
First Lien Debt | Indicative Market Price [Member] | Fair Value, Inputs, Level 3 [Member] | Evaluated Bid [Member] | Maximum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		98	99.5
First Lien Debt | Indicative Market Price [Member] | Fair Value, Inputs, Level 3 [Member] | Evaluated Bid [Member] | Weighted Average [Member]
Summary of Investment Holdings [Line Items]
Discount rate		98	99.09
First Lien Debt | Market Comparable [Member] | Fair Value, Inputs, Level 3 [Member] | Enterprise value/EBITDA multiple (EV/EBITDA) [Member]
Summary of Investment Holdings [Line Items]
Impact on Valuation From Increase inInput	[1]	Increase
First Lien Debt | Market Comparable [Member] | Fair Value, Inputs, Level 3 [Member] | Enterprise value/EBITDA multiple (EV/EBITDA) [Member] | Minimum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		9.8
First Lien Debt | Market Comparable [Member] | Fair Value, Inputs, Level 3 [Member] | Enterprise value/EBITDA multiple (EV/EBITDA) [Member] | Maximum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		9.8
First Lien Debt | Market Comparable [Member] | Fair Value, Inputs, Level 3 [Member] | Enterprise value/EBITDA multiple (EV/EBITDA) [Member] | Weighted Average [Member]
Summary of Investment Holdings [Line Items]
Discount rate		9.8
Second Lien Debt [Member]
Summary of Investment Holdings [Line Items]
Investment at Fair Value		$ 9,236,750
Second Lien Debt [Member] | Fair Value, Inputs, Level 3 [Member]
Summary of Investment Holdings [Line Items]
Investment at Fair Value		0
Equities [Member]
Summary of Investment Holdings [Line Items]
Investment at Fair Value		4,701,979	$ 2,240,826
Equities [Member] | Fair Value, Inputs, Level 3 [Member]
Summary of Investment Holdings [Line Items]
Investment at Fair Value		$ 4,701,979	$ 2,240,826
Equities [Member] | Market approach [Member] | Fair Value, Inputs, Level 3 [Member] | Transaction Price [Member]
Summary of Investment Holdings [Line Items]
Impact on Valuation From Increase inInput	[1]	Increase	Increase
Equities [Member] | Market approach [Member] | Fair Value, Inputs, Level 3 [Member] | Transaction Price [Member] | Minimum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		1	1
Equities [Member] | Market approach [Member] | Fair Value, Inputs, Level 3 [Member] | Transaction Price [Member] | Maximum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		1	1
Equities [Member] | Market approach [Member] | Fair Value, Inputs, Level 3 [Member] | Transaction Price [Member] | Weighted Average [Member]
Summary of Investment Holdings [Line Items]
Discount rate		1	1
Equities [Member] | Market Comparable [Member] | Fair Value, Inputs, Level 3 [Member] | Enterprise value/EBITDA multiple (EV/EBITDA) [Member]
Summary of Investment Holdings [Line Items]
Impact on Valuation From Increase inInput	[1]	Increase	Increase
Equities [Member] | Market Comparable [Member] | Fair Value, Inputs, Level 3 [Member] | Enterprise value/EBITDA multiple (EV/EBITDA) [Member] | Minimum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		3.8	7.5
Equities [Member] | Market Comparable [Member] | Fair Value, Inputs, Level 3 [Member] | Enterprise value/EBITDA multiple (EV/EBITDA) [Member] | Maximum [Member]
Summary of Investment Holdings [Line Items]
Discount rate		17.5	17.5
Equities [Member] | Market Comparable [Member] | Fair Value, Inputs, Level 3 [Member] | Enterprise value/EBITDA multiple (EV/EBITDA) [Member] | Weighted Average [Member]
Summary of Investment Holdings [Line Items]
Discount rate		9.8	11.6

[1] * Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end.

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Share Repurchase Program - Schedule of Summarizes the Share Repurchases Completed (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Repurchase Deadline Request Date February 29, 2024 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Deadline Request		Feb. 29, 2024		Feb. 29, 2024
Percentage of Outstanding Shares the Fund Offered to Repurchase		5.00%		5.00%
Price Paid Per Share		$ 25.78		$ 25.78
Repurchase Pricing Date		Mar. 29, 2024		Mar. 29, 2024
Amount Repurchased (all classes)	[1]	$ 577,424		$ 577,424
Number of Shares Repurchased (all classes)		$ 22,576		$ 22,576
Percentage of Outstanding Shares Repurchase	[2]	0.14%		0.14%
Repurchase Deadline Request Date May 31, 2023 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Deadline Request			May 31, 2023		May 31, 2023
Percentage of Outstanding Shares the Fund Offered to Repurchase			5.00%		5.00%
Price Paid Per Share			$ 25.32		$ 25.32
Repurchase Pricing Date			Jun. 30, 2023		Jun. 30, 2023
Amount Repurchased (all classes)	[3]		$ 50,019		$ 50,019
Number of Shares Repurchased (all classes)			$ 2,049		$ 2,049
Percentage of Outstanding Shares Repurchase	[4]		0.05%		0.05%

[1] Amount shown net of Early Repurchase Deduction.

[2] Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

[3] Amount shown net of Early Repurchase Deduction.

[4] Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

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Share Repurchase Program (Additional Information) (Details)	6 Months Ended
	Jun. 30, 2024
Equity, Class of Treasury Stock [Line Items]
Percentage of Shares Repurchased	5.00%
Shares Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Percentage of NAV - Repurchase Value	98.00%

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Commitments and Contingencies - Schedule of Unfunded Loan Commitments (Details) - Unfunded Loan Commitment - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Total Unfunded Commitments	$ 191,146,979	$ 99,264,288
AB Centers Acquisition Corporation | Revolving Credit Facility
Commitment Expiration Date	9/6/2028
Total Unfunded Commitments	$ 2,068,966	2,068,966
AB Centers Acquisition Corporation | Delayed Draw Term Loan
Commitment Expiration Date	9/6/2028
Total Unfunded Commitments	$ 2,482,759	6,724,138
Aptean, Inc. | Revolving Credit Facility
Commitment Expiration Date	1/30/2031
Total Unfunded Commitments	$ 728,200
Aptean, Inc. | Delayed Draw Term Loan
Commitment Expiration Date	1/30/2031
Total Unfunded Commitments	$ 1,350,132
BeBright MSO, LLC | Revolving Credit Facility
Commitment Expiration Date	6/3/2030
Total Unfunded Commitments	$ 1,867,213
BeBright MSO, LLC | Delayed Draw Term Loan
Commitment Expiration Date	6/3/2030
Total Unfunded Commitments	$ 6,890,015
ACP Avenu Buyer, LLC | Revolving Credit Facility
Commitment Expiration Date	10/2/2029
Total Unfunded Commitments	$ 877,500	1,000,000
ACP Avenu Buyer, LLC | Delayed Draw Term Loan
Commitment Expiration Date	10/2/2029
Total Unfunded Commitments		9,312,500
ACP Avenu Buyer LLC 1 | Delayed Draw Term Loan
Total Unfunded Commitments	$ 5,500,583
ACP Falcon Buyer, Inc. | Revolving Credit Facility
Commitment Expiration Date	8/1/2029
Total Unfunded Commitments	$ 1,000,000	1,000,000
Alera Group, Inc | Delayed Draw Term Loan
Commitment Expiration Date	9/30/2028
Total Unfunded Commitments	$ 2,260,105	2,701,321
Cadence - Southwick, Inc. | Revolving Credit Facility
Commitment Expiration Date	5/3/2028
Total Unfunded Commitments	$ 1,000,309	733,333
CCI Prime, LLC | Revolving Credit Facility
Commitment Expiration Date	10/18/2029
Total Unfunded Commitments	$ 1,000,000	1,000,000
CCI Prime, LLC | Delayed Draw Term Loan
Commitment Expiration Date	10/18/2029
Total Unfunded Commitments	$ 1,996,933	1,996,933
COP Foundations Acquisitions Inc. | Revolving Credit Facility
Commitment Expiration Date	5/6/2029
Total Unfunded Commitments	$ 1,833,192
COP Foundations Acquisitions Inc. | Delayed Draw Term Loan
Commitment Expiration Date	5/6/2029
Total Unfunded Commitments	$ 7,332,769
C2DX, Inc | Revolving Credit Facility
Commitment Expiration Date	3/19/2030
Total Unfunded Commitments	$ 1,748,285
C2DX, Inc | Delayed Draw Term Loan
Commitment Expiration Date	3/19/2030
Total Unfunded Commitments	$ 4,924,746
Door Pro Buyer, LLC | Revolving Credit Facility
Commitment Expiration Date	11/2/2029
Total Unfunded Commitments	$ 3,397,436	3,397,436
Door Pro Buyer, LLC | Delayed Draw Term Loan
Commitment Expiration Date	11/2/2029
Total Unfunded Commitments	$ 10,192,308	10,192,308
EDS Buyer, LLC | Revolving Credit Facility
Commitment Expiration Date	1/10/2029
Total Unfunded Commitments	$ 780,539
Endurance PT Technology Buyer Corporation | Revolving Credit Facility
Commitment Expiration Date	2/28/2030
Total Unfunded Commitments	$ 1,000,000
Eversmith Brands Intermediate Holding Company | Revolving Credit Facility
Commitment Expiration Date	6/17/2030
Total Unfunded Commitments	$ 897,872
Eversmith Brands Intermediate Holding Company | Delayed Draw Term Loan
Commitment Expiration Date	6/17/2030
Total Unfunded Commitments	$ 3,206,687
Fertility (ITC) Investment Holdco, LLC / Fertility (ITC) Buyer, Inc. | Delayed Draw Term Loan
Commitment Expiration Date	1/3/2029
Total Unfunded Commitments	$ 9,090,909
Hobbs & Associates Inc | Delayed Draw Term Loan
Commitment Expiration Date	4/11/2029
Total Unfunded Commitments	$ 7,760,982	2,185,718
Houseworks Holdings, LLC | Revolving Credit Facility
Commitment Expiration Date	12/16/2028
Total Unfunded Commitments	$ 510,204	510,204
Houseworks Holdings, LLC | Delayed Draw Term Loan
Commitment Expiration Date	12/16/2028
Total Unfunded Commitments	$ 1,428,571	1,428,571
Infusion Services Management, LLC | Revolving Credit Facility
Commitment Expiration Date	7/7/2028
Total Unfunded Commitments	$ 1,000,000	4,969
Infusion Services Management, LLC | Delayed Draw Term Loan
Commitment Expiration Date	7/7/2028
Total Unfunded Commitments	$ 4,405,014	4,405,014
Midas Foods International, LLC | Revolving Credit Facility
Commitment Expiration Date	4/30/2029
Total Unfunded Commitments	$ 2,012,694
Midas Foods International, LLC | Delayed Draw Term Loan
Commitment Expiration Date	4/30/2029
Total Unfunded Commitments	$ 6,038,082
Omnia Partners LLC | Delayed Draw Term Loan
Commitment Expiration Date	7/25/2030
Total Unfunded Commitments		637,604
MMGY Global LLC | Revolving Credit Facility
Commitment Expiration Date	4/25/2029
Total Unfunded Commitments	$ 2,044,291	2,044,291
MoboTrex, LLC | Revolving Credit Facility
Commitment Expiration Date	6/7/2030
Total Unfunded Commitments	$ 1,329,034
MoboTrex, LLC | Delayed Draw Term Loan
Commitment Expiration Date	6/7/2030
Total Unfunded Commitments	$ 3,987,103
Mustang Prospects Purchaser LLC | Revolving Credit Facility
Commitment Expiration Date	6/13/2031
Total Unfunded Commitments	$ 2,288,251
Mustang Prospects Purchaser LLC | Delayed Draw Term Loan
Commitment Expiration Date	6/13/2031
Total Unfunded Commitments	$ 3,661,202
Neptune Platform Buyer, LLC | Delayed Draw Term Loan
Commitment Expiration Date	1/20/2031
Total Unfunded Commitments	$ 4,285,714
Pavement Partners Interco, LLC | Revolving Credit Facility
Commitment Expiration Date	2/7/2028
Total Unfunded Commitments	$ 517,943	753,769
Quick Roofing Acquisition, LLC | Revolving Credit Facility
Commitment Expiration Date	12/22/2029
Total Unfunded Commitments	$ 1,000,000	1,000,000
Quick Roofing Acquisition, LLC | Delayed Draw Term Loan
Commitment Expiration Date	12/22/2029
Total Unfunded Commitments	$ 13,918,033	13,918,033
Refresh Buyer LLC | Delayed Draw Term Loan
Commitment Expiration Date	12/23/2028
Total Unfunded Commitments	$ 2,812,944	2,812,944
Ruppert Landscape, LLC | Revolving Credit Facility
Commitment Expiration Date	12/1/2028
Total Unfunded Commitments	$ 289,520
Ruppert Landscape, LLC | Delayed Draw Term Loan
Commitment Expiration Date	12/1/2028
Total Unfunded Commitments	$ 5,428,489
SCP WQS Buyer, LLC | Revolving Credit Facility
Commitment Expiration Date	10/2/2028
Total Unfunded Commitments	$ 840,000	1,000,000
SCP WQS Buyer, LLC | Delayed Draw Term Loan
Commitment Expiration Date	10/2/2028
Total Unfunded Commitments	$ 12,532,979	14,558,511
Soteria Flexibles Corporation | Revolving Credit Facility
Commitment Expiration Date	8/15/2029
Total Unfunded Commitments	$ 1,000,000	1,000,000
Soteria Flexibles Corporation | Delayed Draw Term Loan
Commitment Expiration Date	8/15/2029
Total Unfunded Commitments	$ 6,527,725	6,527,725
The Smilist DSO, LLC | Revolving Credit Facility
Commitment Expiration Date	4/4/2029
Total Unfunded Commitments	$ 926,306
The Smilist DSO, LLC | Delayed Draw Term Loan
Commitment Expiration Date	4/4/2029
Total Unfunded Commitments	$ 3,705,226
The Smilist DSO, LLC 1 | Delayed Draw Term Loan
Commitment Expiration Date	4/4/2029
Total Unfunded Commitments	$ 565,047
Tiger Healthcare Buyer, LLC | Revolving Credit Facility
Commitment Expiration Date	2/27/2030
Total Unfunded Commitments	$ 1,000,000
Tiger Healthcare Buyer, LLC | Delayed Draw Term Loan
Commitment Expiration Date	2/27/2030
Total Unfunded Commitments	$ 9,687,500
USW Buyer, LLC | Delayed Draw Term Loan
Commitment Expiration Date	11/3/2028
Total Unfunded Commitments	$ 2,350,000	5,350,000
VRC Companies LLC | Delayed Draw Term Loan
Commitment Expiration Date	6/29/2027
Total Unfunded Commitments	$ 12,866,667
WCI-BXC Purchaser, LLC | Revolving Credit Facility
Commitment Expiration Date	11/6/2029
Total Unfunded Commitments	$ 1,000,000	$ 1,000,000

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Borrowings (Additional Information) (Details) $ in Millions			3 Months Ended		6 Months Ended
	May 02, 2024 USD ($)	Mar. 17, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 13, 2024 USD ($)	Dec. 31, 2023 USD ($)		Dec. 31, 2023 CAD ($)
Line of Credit Facility [Line Items]
Line of credit facility, asset coverage ratio			261.00%		261.00%			483.00%		483.00%
Average outstanding debt			$ 287,374,923	$ 17,569,231	$ 242,835,593	$ 17,068,493
Debt weighted average interest rate			7.28%	6.91%	7.29%	6.90%
Line of credit facility, maximum borrowing capacity							$ 500,000,000	$ 460,000,000
Net realized gain (loss)					$ (1,027,779)	$ 0
Minimum [Member]
Line of Credit Facility [Line Items]
Line of credit facility, asset coverage ratio			150.00%		150.00%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, commitment fee		0.375%
Line of credit facility, maximum borrowing capacity		$ 460,000,000	$ 500,000,000		$ 500,000,000		$ 1,000,000,000	460,000,000	[1]
Line of credit facility, description					The Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Fund and each Guarantor, subject to certain exceptions, and includes a $60,000,000 limit for swingline loans.
Line of credit facility, outstanding			330,000,000		$ 330,000,000			105,848,459	[1]
Line of credit facility, current borrowing			0		0			$ 15,848,459		$ 21
Revolving Credit Facility | Minimum [Member]
Line of Credit Facility [Line Items]
Line of credit facility, basis spread on variable rate		0.75%
Revolving Credit Facility | Maximum [Member]
Line of Credit Facility [Line Items]
Line of credit facility, basis spread on variable rate		0.875%
Revolving Credit Facility | Foreign Currency Gain (Loss) [Member]
Line of Credit Facility [Line Items]
Net Increase or Decrease in Unrealized Appreciation (Depreciation) on Assets and Liabilities in Foreign Currencies			371,512		26,357
Net realized gain due to foreign exchange					580,507
Revolving Credit Facility | Foreign Currency Gain (Loss) [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line of credit facility, basis spread on variable rate		1.75%
Revolving Credit Facility | Foreign Currency Gain (Loss) [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line of credit facility, basis spread on variable rate		1.875%
Revolving Credit Facility | SOFR [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Line of credit facility, basis spread on variable rate		1.75%
Revolving Credit Facility | SOFR [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Line of credit facility, basis spread on variable rate		1.875%
BSPV Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			250,000,000		250,000,000
Line of credit facility, outstanding			$ 35,000,000		$ 35,000,000
Line of credit facility commitment amount	$ 250,000,000
Line of credit facility commitment fee description	The Fund can draw on the BSPV Facility until May 2, 2027, and the facility will mature on May 2, 2029. During the period from May 3, 2027 to May 2, 2029, the Fund will be obligated to make equal monthly payments such that the final monthly payment renders the loan fully paid.
Line of credit facility maturity date	May 02, 2029
Prior to May 2, 2027 [Member]
Line of Credit Facility [Line Items]
Line of credit facility, basis spread on variable rate	2.55%
Subsequent to May 2, 2027 [Member]
Line of Credit Facility [Line Items]
Line of credit facility, basis spread on variable rate	3.05%

[1] Under the JPMorgan Lending Facility, the Fund is permitted to borrow in USD or certain other currencies. As of December 31, 2023, the Fund had borrowings denominated in CAD of $21 million, translated to USD of $15.8 million. In connection with the preparation of the Fund’s financial statements for the quarter ended March 31, 2024, the reported amount of $481 million of Aggregate Principal Committed for the year ended December 31, 2023, was revised to $460 million of Aggregate Principal Committed, noted above, to correct the prior disclosure.

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Borrowings - Schedule of Outstanding Borrowing (Details) - USD ($)	Jun. 30, 2024	Jun. 13, 2024	Dec. 31, 2023		Mar. 17, 2023
Line of Credit Facility [Line Items]
Aggregate Principal Committed		$ 500,000,000	$ 460,000,000
Debt [Member]
Line of Credit Facility [Line Items]
Aggregate Principal Committed	$ 750,000,000		460,000,000
Outstanding Principal	365,000,000		105,848,459
Carrying Value	365,000,000		105,848,459
Revolving Credit Facility
Line of Credit Facility [Line Items]
Aggregate Principal Committed	500,000,000	$ 1,000,000,000	460,000,000	[1]	$ 460,000,000
Outstanding Principal	330,000,000		105,848,459	[1]
Carrying Value	330,000,000		$ 105,848,459	[1]
BSPV Facility [Member]
Line of Credit Facility [Line Items]
Aggregate Principal Committed	250,000,000
Outstanding Principal	35,000,000
Carrying Value	$ 35,000,000

[1] Under the JPMorgan Lending Facility, the Fund is permitted to borrow in USD or certain other currencies. As of December 31, 2023, the Fund had borrowings denominated in CAD of $21 million, translated to USD of $15.8 million. In connection with the preparation of the Fund’s financial statements for the quarter ended March 31, 2024, the reported amount of $481 million of Aggregate Principal Committed for the year ended December 31, 2023, was revised to $460 million of Aggregate Principal Committed, noted above, to correct the prior disclosure.

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Borrowings - Schedule of Outstanding Borrowing (Parenthetical) (Details) $ in Millions	Jun. 30, 2024 USD ($)	Jun. 13, 2024 USD ($)	Dec. 31, 2023 USD ($)		Dec. 31, 2023 CAD ($)	Mar. 17, 2023 USD ($)
Line of Credit Facility [Line Items]
Aggregate Principal Committed		$ 500,000,000	$ 460,000,000
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Aggregate Principal Committed	$ 500,000,000	$ 1,000,000,000	460,000,000	[1]		$ 460,000,000
Line of credit facility, current borrowing	$ 0		$ 15,848,459		$ 21

[1] Under the JPMorgan Lending Facility, the Fund is permitted to borrow in USD or certain other currencies. As of December 31, 2023, the Fund had borrowings denominated in CAD of $21 million, translated to USD of $15.8 million. In connection with the preparation of the Fund’s financial statements for the quarter ended March 31, 2024, the reported amount of $481 million of Aggregate Principal Committed for the year ended December 31, 2023, was revised to $460 million of Aggregate Principal Committed, noted above, to correct the prior disclosure.

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Borrowings - Schedule of Components of Interest Expense (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest Expense, Operating and Nonoperating [Abstract]
Borrowing interest expense	$ 5,589,634	$ 214,653	$ 9,089,362	$ 234,177
Facility unused fees	169,706	424,396	423,403	495,188
Amortization of financing costs	305,908	231,528	551,839	268,871
Total Interest Expense	$ 6,065,248	$ 870,577	$ 10,064,604	$ 998,236

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Net Assets - Schedule of Transactions in Common Shares of Beneficial Interest (Details) - USD ($)		3 Months Ended		6 Months Ended
	Mar. 13, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net increase (decrease) Share		3,464,444		6,965,618
Distribution reinvested, value				$ 14,070,393	$ 1,126,903
Net increase (decrease), Value		$ 89,511,847		$ 180,024,805
Class I Common Shares [Member]
Subscriptions, shares	4,084,292	3,431,569	3,435,378	6,709,773	7,519,670
Shares transfer between classes, shares		0	0	0	0
Distribution reinvested, shares		298,681	44,626	544,209	44,626
Share repurchases, shares		(267,690)	(2,049)	(290,266)	(2,049)
Early repurchase deduction, shares		0	0	0	0
Net increase (decrease) Share		3,462,560	3,477,955	6,963,716	7,562,247
Proceeds from shares sold		$ 88,659,304	$ 86,794,592	$ 173,401,943	$ 188,901,900
Shares transfers between classes, value		0	0	0	0
Distribution reinvested, value		7,722,148	1,126,903	14,069,401	1,126,903
Share repurchases, value		(6,920,455)	(51,039)	(7,502,429)	(51,039)
Early repurchase deduction, value		2,098	1,020	6,648	1,020
Net increase (decrease), Value		$ 89,463,095	$ 87,871,476	$ 179,975,563	$ 189,978,784
Class S Common Shares [Member]
Subscriptions, shares		1,863		1,863
Shares transfer between classes, shares		0		0
Distribution reinvested, shares		10		19
Share repurchases, shares		0		0
Early repurchase deduction, shares		0		0
Net increase (decrease) Share		1,873		1,882
Proceeds from shares sold		$ 48,250		$ 48,250
Shares transfers between classes, value		0		0
Distribution reinvested, value		243		480
Share repurchases, value		0		0
Net increase (decrease), Value		$ 48,493		$ 48,730
Class D Common Shares [Member]
Subscriptions, shares		0		0
Shares transfer between classes, shares		0		0
Distribution reinvested, shares		11		20
Share repurchases, shares		0		0
Early repurchase deduction, shares		0		0
Net increase (decrease) Share		11		20
Proceeds from shares sold		$ 0		$ 0
Shares transfers between classes, value		0		0
Distribution reinvested, value		259		512
Share repurchases, value		0		0
Early repurchase deduction, value		0		0
Net increase (decrease), Value		$ 259		$ 512

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Net Assets - Schedule of Month-End NAV Per Share for Class of Common Shares (Details) - $ / shares	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Mar. 31, 2024	Feb. 29, 2024	Jan. 31, 2024	Jun. 30, 2023	May 31, 2023	Apr. 30, 2023	Mar. 31, 2023
Class I Common Shares [Member]
Net asset value per share	$ 25.85	$ 25.89	$ 25.84	$ 25.78	$ 25.92	$ 25.82	$ 25.32	$ 25.24	$ 25.27	$ 25.31
Class S Common Shares [Member]
Net asset value per share	25.85	25.89	25.84	25.78	25.92	25.82	0	0	0	0
Class D Common Shares [Member]
Net asset value per share	$ 25.85	$ 25.89	$ 25.84	$ 25.78	$ 25.92	$ 25.82	$ 0	$ 0	$ 0	$ 0

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Net Assets - Schedule of the Fund Made Distributions as Detailed (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Class I Common Shares [Member]
Distribution Per Share	$ 1.305	$ 0.61
Distribution Amount	$ 25,936,631	$ 3,724,328
Class I Common Shares [Member] | Declaration Date January 29, 2024 [Member]
Declaration Date	Jan. 29, 2024
Record Date	Jan. 31, 2024
Payment Date	Feb. 23, 2024
Distribution Per Share	$ 0.2175
Distribution Amount	$ 3,699,830
Class I Common Shares [Member] | Declaration Date February 29, 2024 [Member]
Declaration Date	Feb. 29, 2024
Record Date	Feb. 29, 2024
Payment Date	Mar. 22, 2024
Distribution Per Share	$ 0.2175
Distribution Amount	$ 3,913,427
Class I Common Shares [Member] | Declaration Date March 29, 2024 [Member]
Declaration Date	Mar. 29, 2024
Record Date	Mar. 31, 2024
Payment Date	Apr. 22, 2024
Distribution Per Share	$ 0.2175
Distribution Amount	$ 4,186,257
Class I Common Shares [Member] | Declaration date April 26, 2024 [Member]
Declaration Date	Apr. 26, 2024
Record Date	Apr. 30, 2024
Payment Date	May 22, 2024
Distribution Per Share	$ 0.2175
Distribution Amount	$ 4,465,411
Class I Common Shares [Member] | Declaration date May 29, 2024 [Member]
Declaration Date	May 29, 2024
Record Date	May 31, 2024
Payment Date	Jun. 25, 2024
Distribution Per Share	$ 0.2175
Distribution Amount	$ 4,678,992
Class I Common Shares [Member] | Declaration Date June 28, 2024 [Member]
Declaration Date	Jun. 28, 2024
Record Date	Jun. 28, 2024
Payment Date	Jul. 23, 2024
Distribution Per Share	$ 0.2175
Distribution Amount	$ 4,992,714
Class I Common Shares [Member] | Declaration Date April 26, 2023 [Member]
Declaration Date		Apr. 26, 2023
Record Date		Apr. 28, 2023
Payment Date		May 18, 2023
Distribution Per Share		$ 0.2
Distribution Amount		$ 950,534
Class I Common Shares [Member] | Declaration Date May 25, 2023 [Member]
Declaration Date		May 25, 2023
Record Date		May 31, 2023
Payment Date		Jun. 23, 2023
Distribution Per Share		$ 0.205
Distribution Amount		$ 1,223,097
Class I Common Shares [Member] | Declaration Date June 27, 2023 [Member]
Declaration Date		Jun. 27, 2023
Record Date		Jun. 30, 2023
Payment Date		Jul. 25, 2023
Distribution Per Share		$ 0.205
Distribution Amount		$ 1,550,697
Class S Common Shares [Member]
Distribution Per Share	$ 1.1954
Distribution Amount	$ 857
Class S Common Shares [Member] | Declaration Date January 29, 2024 [Member]
Declaration Date	Jan. 29, 2024
Record Date	Jan. 31, 2024
Payment Date	Feb. 23, 2024
Distribution Per Share	$ 0.1992
Distribution Amount	$ 80
Class S Common Shares [Member] | Declaration Date February 29, 2024 [Member]
Declaration Date	Feb. 29, 2024
Record Date	Feb. 29, 2024
Payment Date	Mar. 22, 2024
Distribution Per Share	$ 0.1992
Distribution Amount	$ 80
Class S Common Shares [Member] | Declaration Date March 29, 2024 [Member]
Declaration Date	Mar. 29, 2024
Record Date	Mar. 31, 2024
Payment Date	Apr. 22, 2024
Distribution Per Share	$ 0.1991
Distribution Amount	$ 80
Class S Common Shares [Member] | Declaration date April 26, 2024 [Member]
Declaration Date	Apr. 26, 2024
Record Date	Apr. 30, 2024
Payment Date	May 22, 2024
Distribution Per Share	$ 0.1995
Distribution Amount	$ 81
Class S Common Shares [Member] | Declaration date May 29, 2024 [Member]
Declaration Date	May 29, 2024
Record Date	May 31, 2024
Payment Date	Jun. 25, 2024
Distribution Per Share	$ 0.1989
Distribution Amount	$ 82
Class S Common Shares [Member] | Declaration Date June 28, 2024 [Member]
Declaration Date	Jun. 28, 2024
Record Date	Jun. 28, 2024
Payment Date	Jul. 23, 2024
Distribution Per Share	$ 0.1995
Distribution Amount	$ 454
Class D Common Shares [Member]
Distribution Per Share	$ 1.2727
Distribution Amount	$ 517
Class D Common Shares [Member] | Declaration Date January 29, 2024 [Member]
Declaration Date	Jan. 29, 2024
Record Date	Jan. 31, 2024
Payment Date	Feb. 23, 2024
Distribution Per Share	$ 0.2121
Distribution Amount	$ 84
Class D Common Shares [Member] | Declaration Date February 29, 2024 [Member]
Declaration Date	Feb. 29, 2024
Record Date	Feb. 29, 2024
Payment Date	Mar. 22, 2024
Distribution Per Share	$ 0.2121
Distribution Amount	$ 85
Class D Common Shares [Member] | Declaration Date March 29, 2024 [Member]
Declaration Date	Mar. 29, 2024
Record Date	Mar. 31, 2024
Payment Date	Apr. 22, 2024
Distribution Per Share	$ 0.2121
Distribution Amount	$ 86
Class D Common Shares [Member] | Declaration date April 26, 2024 [Member]
Declaration Date	Apr. 26, 2024
Record Date	Apr. 30, 2024
Payment Date	May 22, 2024
Distribution Per Share	$ 0.2122
Distribution Amount	$ 87
Class D Common Shares [Member] | Declaration date May 29, 2024 [Member]
Declaration Date	May 29, 2024
Record Date	May 31, 2024
Payment Date	Jun. 25, 2024
Distribution Per Share	$ 0.212
Distribution Amount	$ 87
Class D Common Shares [Member] | Declaration Date June 28, 2024 [Member]
Declaration Date	Jun. 28, 2024
Record Date	Jun. 28, 2024
Payment Date	Jul. 23, 2024
Distribution Per Share	$ 0.2122
Distribution Amount	$ 88

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Net Assets - Schedule of Character of Distributions (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net realized gain (loss)	$ (1,027,779)	$ 0
Class I Common Shares [Member] | Cash Distribution [Member]
Net Investment Income	25,936,631	3,724,328
Net realized gain (loss)	0	0
Total source of distribution	$ 25,936,631	$ 3,724,328
Class I Common Shares [Member] | Share Distribution [Member]
Net investment income, Per Share	$ 1.31	$ 0.61
Net realized gains, Per Share	0	0
Total source of distribution, Per Share	$ 1.31	$ 0.61
Class S Common Shares [Member] | Cash Distribution [Member]
Net Investment Income	$ 857	$ 0
Net realized gain (loss)	0	0
Total source of distribution	$ 857	$ 0
Class S Common Shares [Member] | Share Distribution [Member]
Net investment income, Per Share	$ 1.2	$ 0
Net realized gains, Per Share	0	0
Total source of distribution, Per Share	$ 1.2	$ 0
Class D Common Shares [Member] | Cash Distribution [Member]
Net Investment Income	$ 517	$ 0
Net realized gain (loss)	0	0
Total source of distribution	$ 517	$ 0
Class D Common Shares [Member] | Share Distribution [Member]
Net investment income, Per Share	$ 1.27	$ 0
Net realized gains, Per Share	0	0
Total source of distribution, Per Share	$ 1.27	$ 0

XML

Net Assets (Additional Information) (Details) - USD ($)		3 Months Ended		6 Months Ended
	Mar. 13, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Common stock, par value		$ 0.01		$ 0.01		$ 0.01
Proceeds from issuance of common shares				$ 173,450,193	$ 188,901,900
Percentage of Shares Repurchased				5.00%
Shares Repurchase Program [Member]
Percentage of NAV - Repurchase Value				98.00%
Class I Common Shares [Member]
Shares issued, shares	4,084,292	3,431,569	3,435,378	6,709,773	7,519,670
Proceeds from issuance of common shares	$ 102,107,308
Class I Common Shares [Member] | Affiliates of the Adviser [Member]
Proceeds from issuance of common shares	$ 32,000,044

XML

Net Assets - Schedule of Summarizes the Share Repurchases Completed (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Repurchase Deadline Request Date February 29, 2024 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Deadline Request		Feb. 29, 2024		Feb. 29, 2024
Percentage of Outstanding Shares the Fund Offered to Repurchase		5.00%		5.00%
Price Paid Per Share		$ 25.78		$ 25.78
Repurchase Pricing Date		Mar. 29, 2024		Mar. 29, 2024
Amount Repurchased (all classes)	[1]	$ 577,424		$ 577,424
Number of Shares Repurchased (all classes)		$ 22,576		$ 22,576
Percentage of Outstanding Shares Repurchase	[2]	0.14%		0.14%
Repurchase Deadline Request Date May 31, 2024 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Deadline Request		May 31, 2024		May 31, 2024
Percentage of Outstanding Shares the Fund Offered to Repurchase		5.00%		5.00%
Price Paid Per Share		$ 25.85		$ 25.85
Repurchase Pricing Date		Jun. 28, 2024		Jun. 28, 2024
Amount Repurchased (all classes)	[1]	$ 6,918,357		$ 6,918,357
Number of Shares Repurchased (all classes)		$ 267,690		$ 267,690
Percentage of Outstanding Shares Repurchase	[2]	1.18%		1.18%
Repurchase Deadline Request Date May 31, 2023 [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Deadline Request			May 31, 2023		May 31, 2023
Percentage of Outstanding Shares the Fund Offered to Repurchase			5.00%		5.00%
Price Paid Per Share			$ 25.32		$ 25.32
Repurchase Pricing Date			Jun. 30, 2023		Jun. 30, 2023
Amount Repurchased (all classes)	[3]		$ 50,019		$ 50,019
Number of Shares Repurchased (all classes)			$ 2,049		$ 2,049
Percentage of Outstanding Shares Repurchase	[4]		0.05%		0.05%

[1] Amount shown net of Early Repurchase Deduction.

[2] Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

[3] Amount shown net of Early Repurchase Deduction.

[4] Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.

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Income Taxes - Schedule of Increase in Net Assets Resulting from Operations to Taxable Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Net increase (decrease) in net assets resulting from operations	$ 15,539,291	$ 3,928,779	$ 26,643,663	$ 5,215,271
Net unrealized (appreciation) depreciation	$ 1,129,971	$ 440,766	$ 296,493	$ 1,482,103

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Income Taxes - Schedule of Accumulated Gains/Losses as Calculated on a Tax Basis (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Net change in unrealized (appreciation) depreciation on investments	$ (1,129,971)	$ (440,766)	$ (296,493)	$ (1,482,103)

XML

Financial Highlights - Schedule of Financial Highlights (Details) - $ / shares		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Class I
Investment Company, Financial Highlights [Line Items]
Net asset value, beginning of period		$ 25.81	$ 25
Net investment income (loss)	[1]	1.35	0.67
Net realized and unrealized gain (loss)	[1]	0	0.26
Net increase (decrease) in net assets resulting from operations		1.35	0.93
Distributions		(1.31)	(0.61)
Net asset value, end of period		$ 25.85	$ 25.32
Total return	[2]	5.32%	3.74%
Net investment income (loss)	[3],[4],[5]	11.27%	9.06%
Expenses, gross	[3],[4],[5]	6.84%	8.02%
Expenses, net of waivers	[3],[4],[5],[6]	6.67%	3.18%
Portfolio turnover	[3],[4],[7]	15.15%	0.13%
Expenses, net of waivers, excluding interest expense	[3],[5],[6]	2.72%	0.83%
Expenses, net of waivers , excluding management and incentive fees and interest expense	[3],[5],[6]	0.72%	0.70%
Class S
Investment Company, Financial Highlights [Line Items]
Net asset value, beginning of period		$ 25.81	$ 0
Net investment income (loss)	[1]	1.25	0
Net realized and unrealized gain (loss)	[1]	(0.01)	0
Net increase (decrease) in net assets resulting from operations		1.24	0
Distributions		(1.2)	0
Net asset value, end of period		$ 25.85	$ 0
Total return	[2]	4.88%	0.00%
Net investment income (loss)	[3],[4],[5]	10.42%	0.00%
Expenses, gross	[3],[4],[5]	7.69%	0.00%
Expenses, net of waivers	[3],[4],[5],[6]	7.52%	0.00%
Portfolio turnover	[3],[4],[7]	15.15%	0.00%
Expenses, net of waivers, excluding interest expense	[3],[5],[6]	3.57%	0.00%
Expenses, net of waivers , excluding management and incentive fees and interest expense	[3],[5],[6]	1.57%	0.00%
Class D
Investment Company, Financial Highlights [Line Items]
Net asset value, beginning of period		$ 25.81	$ 0
Net investment income (loss)	[1]	1.32	0
Net realized and unrealized gain (loss)	[1]	(0.01)	0
Net increase (decrease) in net assets resulting from operations		1.31	0
Distributions		(1.27)	0
Net asset value, end of period		$ 25.85	$ 0
Total return	[2]	5.19%	0.00%
Net investment income (loss)	[3],[4],[5]	11.02%	0.00%
Expenses, gross	[3],[4],[5]	7.09%	0.00%
Expenses, net of waivers	[3],[4],[5],[6]	6.92%	0.00%
Portfolio turnover	[3],[4],[7]	15.15%	0.00%
Expenses, net of waivers, excluding interest expense	[3],[5],[6]	2.97%	0.00%
Expenses, net of waivers , excluding management and incentive fees and interest expense	[3],[5],[6]	0.97%	0.00%

[1] Calculated based on weighted average shares outstanding during the period.

[2] Total returns of less than 1 year are not annualized.

[3] Annualized.

[4] Expense ratios reflect operating expenses of the Fund.

[5] For the six months ended June 30, 2024 and 2023, amounts are annualized except for incentive fees, escrow fees, and organizational costs.

[6] Waivers include expense support, management fees waived and income based incentive fees waived.

[7] The portfolio turnover rate is calculated based on the lesser of purchases or sales of securities year to date divided by the weighted average fair value of the portfolio securities, excluding short-term securities.

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Subsequent Events (Additional Information) (Details) - USD ($) $ / shares in Units, $ in Millions	Jul. 29, 2024	Aug. 01, 2024	Jul. 01, 2024
Common Class I [Member]
Subsequent Event [Line Items]
Net proceeds from the issuance		$ 26.3	$ 27.3
Dividend reinvestment plan			2.8
Declared distributions per share	$ 0.175
Declared variable supplemental distributions Per Share	0.0425
Common Class D [Member]
Subsequent Event [Line Items]
Net proceeds from the issuance		26.3	27.3
Declared distributions per share	0.1695
Declared variable supplemental distributions Per Share	0.0425
Common Class S [Member]
Subsequent Event [Line Items]
Net proceeds from the issuance		$ 26.3	$ 27.3
Declared distributions per share	0.1564
Declared variable supplemental distributions Per Share	$ 0.0425