Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

Fair Value Disclosures [Abstract]

Summary of Fair Value Hierarchy of Cash Equivalents and Investments

The following table presents the fair value hierarchy of cash equivalents and investments as of the following period:

	Fair Value Hierarchy as of June 30, 2024
($ in thousands)	Level 1		Level 2		Level 3		Total
Investments:
First lien senior secured debt investments	$	—	$	296,426	$	48,250	$	344,676
Cash equivalents		11,226		—		—		11,226
Total investments at fair value	$	11,226	$	296,426	$	48,250	$	355,902

Summary of Changes in Fair Value of Investments for Level 3 Inputs

The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the following periods:

	For the Three Months Ended June 30, 2024
($ in thousands)	First lien senior secured debt investments			Total
Fair value, beginning of period	$	—		$	—
Purchases of investments, net		48,250			48,250
Payment-in-kind		—			—
Proceeds from investments, net		—			—
Net change in unrealized appreciation (depreciation)		(4	)		(4	)
Net realized gains (losses)		—			—
Net amortization/accretion of premium/discount on    investments		4			4
Transfers between investment types		—			—
Transfers into (out of) Level 3(1)		—			—
Fair value, end of period	$	48,250		$	48,250
Net change in unrealized appreciation (depreciation) still    held at June 30, 2024		(4	)		(4	)

(1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended June 30, 2024, there were no transfers into (out of) Level 3.

	For the Six Months Ended June 30, 2024
($ in thousands)	First lien senior secured debt investments			Total
Fair value, beginning of period	$	—		$	—
Purchases of investments, net		48,250			48,250
Payment-in-kind		—			—
Proceeds from investments, net		—			—
Net change in unrealized appreciation (depreciation)		(4	)		(4	)
Net realized gains (losses)		—			—
Net amortization/accretion of premium/discount on    investments		4			4
Transfers between investment types		—			—
Transfers into (out of) Level 3(1)		—			—
Fair value, end of period	$	48,250		$	48,250
Net change in unrealized appreciation (depreciation) still    held at June 30, 2024		(4	)		(4	)

(1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the six months ended June 30, 2024, there were no transfers into (out of) Level 3.

Schedule of Quantitative Information About Significant Unobservable Inputs of Level 3 Assets

The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 assets as of the following period. The table is not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Company’s determination of fair value.

	As of June 30, 2024
($ in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)	Impact to Valuation from an Increase in Input
First lien senior secured debt investments	$	48,250	Recent Transaction	Transaction Price	N/A	N/A
	$	48,250