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Debt Obligations
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt Obligations Debt Obligations
On April 1, 2024, KKR Enhanced US EVDL Funding LLC ("KKR Funding I"), a wholly-owned subsidiary of the Company, entered into a secured revolving credit facility agreement (as amended, restated, supplemented or otherwise modified from time, the “Citibank Credit Facility”) with Citibank, N.A. ("Citibank"), as lender, to borrow up to
$500.0 million. In the absence of any events of default, the borrowing and repayment period will terminate on April 1, 2027. Subsequent to this period, outstanding borrowings are subject to periodic mandatory repayments through the final maturity date of March 30, 2029.

The Citibank Credit Facility accrues interest based on the Secured Overnight Financing Rate, or a base rate applicable to each currency’s borrowing, plus a spread of 1.85%. Commitment fees accrue at a rate of 0.50%, 1.25%, or 1.50%, depending on the utilization levels. The Citibank Credit Facility contains certain financial, collateral, and operating covenants that require the maintenance of ratios and benchmarks throughout the borrowing period. As of December 31, 2025, the Company was in compliance with these covenants. The fair value of the Citibank Credit Facility approximates its carrying value due to variable interest rates that periodically reset to market rates. The fair value was determined using Level 2 inputs in the fair value hierarchy.

On October 7, 2024, KKR Funding I entered into Amendment No. 1 to the Citibank Credit Facility, amending the spread from 2.65% to 2.15%. No other material terms were altered as a result of this amendment.

On March 31, 2025, KKR Funding I entered into Amendment No. 2 to the Citibank Credit Facility, amending the spread from 2.15% to 1.85% and increasing the maximum commitment fees from 1.25% to 1.50%. No other material terms were altered as a result of this amendment.

On December 18, 2025, KKR Funding I entered into a commitment adjustment notice (the “Commitment Adjustment Notice”) pursuant to the Citibank Credit Facility. The Commitment Adjustment Notice provides for an increase in Citibank’s commitment by $100.0 million, thereby bringing aggregate commitments of the lenders under the Citibank Credit Facility from $500.0 million to $600.0 million. The accordion feature in the Citibank Credit Facility allows KKR Funding I to increase the total size of the facility to a maximum aggregate commitment of $1.25 billion.

On April 11, 2025, KKR Enhanced US EvDL Funding II LLC ("KKR Funding II"), a wholly-owned subsidiary of the Company, entered into a revolving credit facility (as amended, restated, supplemented or otherwise modified from time, the "BNP Credit Facility") with BNP Paribas, as administrative agent, to borrow up to $200.0 million. The revolving period during which KKR Funding II is permitted to borrow, repay and re-borrow advances will terminate on April 11, 2028. Any amounts borrowed under the BNP Credit Facility will mature, and all accrued and unpaid interest thereunder will be due and payable, on April 11, 2030.

Borrowings under the BNP Credit Facility accrue interest at a rate per annum equal to the floating rate applicable to the currency of such borrowing (which, for U.S. dollar-denominated borrowings, is three-month term SOFR, subject to a floor of 0% per annum), plus an applicable margin of 1.85% per annum. From and after April 11, 2028, the applicable margin will be 2.35% per annum. In addition, during the revolving period, KKR Funding II will pay a non-usage fee on the unused commitments under the facility ranging from 0.50% per annum to 1.00% per annum depending on utilization levels. The fair value of the BNP Credit Facility approximates its carrying value due to variable interest rates that periodically reset to market rates. The fair value was determined using Level 2 inputs in the fair value hierarchy.

On December 18, 2025, KKR Funding II entered into Amendment No. 1 to the BNP Credit Facility increasing the borrowing limit to $300.0 million. No other material terms were altered as a result of this amendment.

The components of interest expense and average interest rates (i.e., base interest rate in effect plus the spread) for the Citibank Credit Facility and BNP Credit Facility for the year ended December 31, 2025 and the period from the Company's commencement of operations to December 31, 2024 were as follows:
For the Year Ended December 31, 2025For the Period from April 19, 2024 (Commencement of Operations) to December 31, 2024
Stated interest expense$30,723 $16,660 
Unused commitment fees807 661 
Amortization of deferred financing costs1,488 774 
Total interest expense$33,018 $18,095 
Weighted average interest rate5.6 %6.9 %
Average Borrowings Outstanding493,658 314,719 

In accordance with the 1940 Act, the Company is allowed to borrow amounts such that its asset coverage equals at least 150% after such borrowing. The following table sets forth certain information regarding the Company’s senior securities as of December 31, 2025. The Company’s senior securities are comprised solely of outstanding indebtedness of the Citibank Credit Facility, which constitutes a “senior security” as defined in the 1940 Act.

Period EndedTotal Amount Outstanding
Asset Coverage per $1,000(1)
December 31, 2025$726,230 $1,975 
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(1)Asset covered per $1,000 of debt is calculated by subtracting the Company’s liabilities and indebtedness not representing senior securities from the Company’s total assets, dividing the result by the aggregate amount of the Company’s senior securities representing indebtedness then outstanding, and multiplying the result by 1,000.