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Consolidated Statements of Operations - USD ($)
$ in Thousands
11 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Investment income    
Total investment income $ 224 [1] $ 13,744
Operating expenses    
Management fees 0 [1] 1,345
Subordinated income incentive fees [2] 0 [1] 1,218
Capital gains incentive fees [2] 0 [1] 390
Interest expense [3] 0 [1] 1,115
Administrative services expense 0 [1] 895
Accounting and administrative fees 3 [1] 59
Insurance expense 0 [1] 389
Audit expense 0 [1] 534
Other general and administrative expenses 286 [1] 391
Total operating expenses 289 [1] 6,336
Management and incentive fee waivers [2] 0 [1] (2,563)
Expense waiver [4] (289) [1] (147)
Net expenses 0 [1] 3,626
Net investment income before taxes 224 [1] 10,118
Excise taxes 0 [1] 73
Net investment income (loss) 224 [1],[5] 10,045
Realized and unrealized gain/loss    
Non-controlled/unaffiliated investments 0 [6] 12
Net realized gain (loss) on foreign currency 0 [1] 10
Net change in unrealized gain (loss) on foreign currency 0 [1],[5] (202)
Total net realized and unrealized gain (loss) 5 [1] 3,285
Net increase (decrease) in net assets resulting from operations $ 229 [1],[5] $ 13,330
Per share information—basic and diluted    
Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per Share) - basic $ 1.46 [1] $ 3.62
Net increase (decrease) in net assets resulting from operations (Earnings (Losses) per Share) - diluted $ 1.46 [1] $ 3.62
Weighted average shares outstanding - basic 156,250 [1] 3,667,293
Weighted average shares outstanding - diluted 156,250 [1] 3,667,293
Investment, Unaffiliated Issuer    
Investment income    
Interest income $ 130 [1] $ 11,208
Fee income 94 [1] 2,354
Dividend and other income 0 [1] 154
Realized and unrealized gain/loss    
Non-controlled/unaffiliated investments 0 [1] 12
Non-controlled/unaffiliated investments 5 [1] 3,386
Controlled/affiliated investments    
Investment income    
Fee income [7]   0
Dividend and other income 0 [1] 28 [7]
Realized and unrealized gain/loss    
Non-controlled/unaffiliated investments 0 [1] 0
Non-controlled/unaffiliated investments $ 0 [1] $ 79
[1] Represents the period from February 4, 2022 (Inception) through December 31, 2022.
[2] See Note 2 and 4 for a discussion of the methodology employed by the Company in calculating the capital gains incentive fees and subordinated income incentive fees.
[3] See Note 8 for a discussion of the Company’s financing arrangements.
[4] See Note 4 for a discussion of the Company’s expense support and conditional reimbursement.
[5] Represents the period from February 4, 2022 (Inception) through December 31, 2022
[6] Represents the period from February 4, 2022 (Inception) through December 31, 2022.
[7] Interest, fee and dividend and other income presented for the full year ended December 31, 2023.