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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
2 Months Ended 3 Months Ended 6 Months Ended 14 Months Ended
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2025
Cash flows from operating activities:        
Net increase (decrease) in net assets resulting from operations $ 12,805 $ 11,924 $ 27,402  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:        
Purchases of investments (506,441)   (254,570)  
Paid-in-kind interest (161)   (1,278)  
Proceeds from sale and repayments of investments 10,737   63,366  
Net realized gains (losses) on investments and foreign currencies (89)   (707)  
Net change in unrealized appreciation (depreciation) on investments and foreign currencies (7,111)   1,808  
Amortization of deferred financing costs 0   647  
Net accretion/amortization of premiums/discounts (289)   (319)  
Changes in operating assets and liabilities:        
(Increase) decrease in interest receivable (6,215)   (989)  
(Increase) decrease in other assets (10,032)   (4,837)  
Increase (decrease) in interest payable 4,347   1,386  
Increase (decrease) in other accrued expenses 6,253   2,030  
Increase (decrease) in deferred tax liability     (57) $ 1,046
Increase (decrease) in administration and custody fees payable 64   141  
Increase (decrease) in payable for investments purchased 8,751   42  
Increase (decrease) in due to Adviser 54   (31)  
Increase (decrease) in Directors’ fees payable     0 19
Net cash provided by (used in) operating activities (486,262)   (165,966)  
Cash flows from financing activities:        
Subscription for shares 225,001   105,000  
Distributions paid to shareholders 0   (10,891)  
Proceeds from credit facilities 306,562   305,500  
Repayments of credit facilities (30,000)   (236,900)  
Deferred financing costs paid 0   (5)  
Net cash provided by (used in) financing activities 501,563   162,704  
Effect of exchange rate changes on cash 16   32  
Net Increase (Decrease) in Cash and Cash Equivalents 15,317   (3,230)  
Cash and Cash Equivalents:        
Beginning balance 0   21,517 0
Ending balance 15,317 $ 18,287 18,287 $ 18,287
Supplemental disclosure of cash flow information and non-cash financing activities        
Cash paid for interest expense 0   13,313  
Reinvestment of distributions $ 0   $ 17,143