CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2025
Investment Income
Interest income (excluding Payment-in-kind ("PIK") interest income)	$ 0	$ 44,165
PIK interest income	0	1,219
Dividend income	0	1,035
Other income	0	879
Total Investment Income	0	47,298
Expenses
Management fees	0	3,724
Administration fees	8	634
Trustee fees	0	147
Other general and administrative expenses	0	1,553
Organizational fees	20	237
Professional fees	65	0
Total Expenses	93	6,295
Net Investment Income/(Loss)	(93)	41,003
Net realized gains (losses):
Non-controlled/non-affiliated investments	0	1,481
Foreign currency transactions	0	(14)
Net realized gains (losses)	0	1,467
Net change in unrealized gains (losses):
Non-controlled/non-affiliated investments	0	1,513
Foreign currency translations	0	16
Net change in unrealized gains (losses)	0	1,529
Net Realized and Change in Unrealized Gains (Losses)	0	2,996
Net Increase (Decrease) in Net Assets Resulting from Operations	$ (93)	$ 43,999