Investments at Fair Value

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Investments at Fair Value

4. Investments at Fair Value

The composition of the Company's investment portfolio at amortized cost and fair value was as follows:

	March 31, 2025				December 31, 2024 (1)
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
First Lien debt investments	$	51,352	$	51,324	$	—	$	—
Total Investments	$	51,352	$	51,324	$	—	$	—

(1)As of December 31, 2024, the Company had not yet commenced investment operations.

The industry composition of investments at amortized cost and fair value was as follows:

	March 31, 2025									December 31, 2024 (1)
	Amortized Cost			Fair Value			% of Total Investments at Fair Value			Amortized Cost		Fair Value		% of Total Investments at Fair Value
Financial Services	$	(116	)	$	(118	)		-0.2	%	$	—	$	—		0.0	%
Health Care Providers and Services		(87	)		(88	)		-0.2	%		—		—		0.0	%
Professional Services		25,944			25,930			50.5	%		—		—		0.0	%
Software		25,611			25,600			49.9	%		—		—		0.0	%
Total	$	51,352		$	51,324			100.0	%	$	—	$	—		0.0	%

(1)As of December 31, 2024, the Company had not yet commenced investment operations.

The geographic composition of investments at fair value was as follows:

	March 31, 2025			December 31, 2024(1)
United States		100.0	%		0.0	%
Total		100.0	%		0.0	%

(1)As of December 31, 2024, the Company had not yet commenced investment operations.