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Statements of Assets and Liabilities (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Non-controlled, non-affiliated investments at fair value (amortized cost $51,352 and $0, respectively) $ 51,324 $ 0 [1]
Cash and cash equivalents 67,546 32,280
Deferred offering costs 925 1,226
Deferred financing costs 1,535 578
Interest receivable 594 0
Dividend receivable 37 35
Total Assets 121,961 34,119
Liabilities    
Debt 47,600 0 [2]
Due to affiliate 1,508 1,140
Interest payable 227 0
Management fee payable 42 0
Accrued expenses and other liabilities 246 588
Total Liabilities 49,623 1,728
Commitments and contingencies (Note 7)
Net Assets    
Preferred Stock, $0.001 par value; 1,000,000 shares authorized; 515 and 515 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively; liquidation preference of $3,000 per share [3] 0 0
Common Stock, $0.001 par value; 5,000,000,000 shares authorized; 2,857,196 and 1,242,991 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 3 1
Distributable earnings (Accumulated losses) (53) 0
Total Net Assets [4] 72,338 32,391
Total Liabilities and Net Assets $ 121,961 $ 34,119
Net Asset Value Per Share of Common Stock [5],[6] $ 24.78 $ 24.82
Common Stock [Member]    
Net Assets    
Additional paid-in capital $ 70,843 $ 30,845
Preferred Stock [Member]    
Net Assets    
Additional paid-in capital $ 1,545 $ 1,545
[1] As of December 31, 2024, the Company had not yet commenced investment operations.
[2] The Company did not have any outstanding debt as of December 31, 2024
[3]

(1) The par amount of Preferred Stock at March 31, 2025 and December 31, 2024 is zero due to rounding.

[4] The par amounts of Preferred Stock are zero due to rounding.
[5]

(2) Net asset value per share of Common Stock may not recalculate due to rounding.

[6] Financial highlights for the three months ended March 31, 2024 are not presented as this period was prior to August 30, 2024, the date on which the Company became subject to the reporting requirements under the 1934 Act.