INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Tax Character of Distributions

The tax character of distributions made for the year ended December 31, 2023, and for the period from November 30, 2022 (inception) to December 31, 2022, were as follows:

	For the Year Ended December 31, 2023		For the period from November 30, 2022 (inception) to December 31, 2022
Distributions paid from:
Ordinary income (including net short-term capital gains)	$	1,340	$	—
Net long-term capital gains	—		—
Total taxable distributions	$	1,340	$	—

Schedule of Book-to-Tax Distributions

The following table shows the components of total distributable earnings (loss) as shown on the Consolidated Statements of Financial Condition:

	December 31, 2023		December 31, 2022
Total distributable earnings, beginning of period	$	(194)	$	—
Net investment income (loss)	1,527		(194)
Net unrealized appreciation (depreciation)	159		—
Distributions declared	(1,340)		—
Tax reclassification of unitholders' equity (Note 10)	202		—
Total distributable earnings, end of period	$	354	$	(194)

The book-to-tax differences relating to distributions made to the Company’s holders of Units resulted in reclassifications among certain capital accounts as follows:

	As of December 31, 2023		As of December 31, 2022
Paid-in capital in excess of par value	$	(202)	$	—
Total distributable earnings (loss)	$	202	—

Schedule of Cost of Investments

The cost and unrealized gain (loss) on the Company’s consolidated financial instruments, as calculated on a tax basis, at December 31, 2023 and December 31, 2022, were as follows:

	As of December 31, 2023		As of December 31, 2022
Gross unrealized appreciation	$	271	$	—
Gross unrealized depreciation	(112)		—
Net unrealized appreciation (depreciation)	$	159	$	—
Tax cost of investments at year end	$	51,386	$	—