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Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities      
Net increase (decrease) in net assets resulting from operations $ 9,573 $ 395  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Purchases of investments (194,867) (1,000)  
Paid-in-kind interest (150) 0  
Proceeds from sales and repayments of investments 16,663 7  
Net realized (gain) loss on investments (65) 0  
Net change in unrealized (appreciation) depreciation on investments (1,861) (162)  
Accretion of discount (166) (4)  
Amortization of deferred financing costs 228 0  
Unrealized (gain)/loss on borrowings in foreign currency (172) 0  
(Increase) decrease in receivable for investments sold and repaid (13,819) (2)  
(Increase) decrease in income receivable (822) (1)  
(Increase) decrease in expense support receivable 436 (148)  
(Increase) decrease in prepaid expenses and other assets (130) 54  
Increase (decrease) in payable for investments purchased 83,374 0  
Increase (decrease) in accrued capital gains incentive fee 266 0  
Increase (decrease) in administrative services expense payable 358 0  
Increase (decrease) in accrued accounting and administrative fees (2) 2  
Increase (decrease) in interest payable 647 0  
Increase (decrease) in other accrued expenses and liabilities (336) 90  
Net cash provided by (used in) operating activities (99,951) (768)  
Cash flows from financing activities      
Issuance of capital 45,800 9,000  
Distributions to common shareholders (6,090) 0  
Distributions to preferred shareholders (15) 0  
Borrowings under financing arrangements 102,037 0  
Repayments under financing arrangements (110,000) 0  
Deferred financing costs paid (323) 0  
Net cash provided by (used in) financing activities 31,409 9,000  
Total increase (decrease) in cash (68,542) 8,232  
Cash and foreign currency at beginning of period 78,991 465 $ 465
Cash and foreign currency at end of period 10,449 8,697 $ 78,991
Supplemental disclosure      
Income taxes paid 0 0  
Interest paid during the period 1,121 0  
Related Party | Expense Support Payable      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Increase (decrease) in related party payable 436 0  
Related Party | Organizational Costs Payable      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Increase (decrease) in related party payable $ 458 $ 0