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Schedule of Investments
$ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
Schedule of Investments [Line Items]  
Total Cash Equivalents $ 9,242
Investment, Identifier [Axis]: Cash Equivalents  
Schedule of Investments [Line Items]  
Amortized Cost 9,242 [1],[2],[3],[4],[5],[6],[7]
Fair Value $ 9,242 [3],[4],[5],[6],[7]
Percentage of Net Assets Applicable to Common Stock 29.96% [3],[4],[5],[6],[7]
Investment, Identifier [Axis]: Company Total Investments Total Investments before Cash Equivalents BlackRock Liquidity Funds T-Fund Institutional Share Class Investment Type Money Market Fund Initial Acquisition Date 10/21/2024 Interest rate 4.36%  
Schedule of Investments [Line Items]  
Initial Acquisition Date Oct. 21, 2024 [3],[4],[5],[6],[7],[8]
Reference Rate and Spread 0.00% [3],[4],[5],[6],[7],[8]
Interest Rate 4.36% [3],[4],[5],[6],[7],[8]
Par Amount/Units $ 9,242 [3],[4],[5],[6],[7],[8],[9]
Amortized Cost 9,242 [1],[2],[3],[4],[5],[6],[7],[8]
Fair Value $ 9,242 [3],[4],[5],[6],[7],[8]
Percentage of Net Assets Applicable to Common Stock 29.96% [3],[4],[5],[6],[7],[8]
Investment, Identifier [Axis]: Investments after Cash Equivalents  
Schedule of Investments [Line Items]  
Amortized Cost $ 9,242 [1],[2],[3],[4],[5],[6],[7]
Fair Value $ 9,242 [3],[4],[5],[6],[7]
Percentage of Net Assets Applicable to Common Stock 29.96% [3],[4],[5],[6],[7]
[1] As of December 31, 2024, the estimated cost basis of investments for U.S. federal tax purposes was $9,242 resulting in estimated gross unrealized gains and losses of $0 and $0, respectively.
[2] The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method. The Company did not hold a debt investment as of December 31, 2024.
[3] Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of a portfolio company if the Company owns more than 5% of the portfolio company's outstanding voting securities. As of December 31, 2024, the Company does not identify any of its portfolio companies as affiliates.
[4] Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. Non-qualifying assets represented 0% of total assets as of December 31, 2024.
[5] Under the 1940 Act, the Company would “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities or has the power to exercise control over the management or policies of such portfolio company. As of December 31, 2024, the Company does not “control” any portfolio companies.
[6] Unless otherwise indicated, the Company’s portfolio companies are domiciled in the United States.
[7] Unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments in accordance with ASC Topic 820. See Note 5 “Fair Value Measurements” for additional details related to investments at fair value.
[8] This security is valued using observable inputs and is considered a Level 1 investment within the fair value hierarchy. See Note 5 “Fair Value Measurements” for additional details related to investments at fair value. This security is included in Cash and Cash Equivalents on the Statements of Assets and Liabilities.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

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