KAYNE ANDERSON BDC, INC., 10-Q filed on 8/13/2024
Quarterly Report
v3.24.2.u1
Cover - shares
 6 Months Ended
Jun. 30, 2024
Aug. 08, 2024
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Transition Report false  
Entity Interactive Data Current Yes  
Amendment Flag false  
Document Period End Date Jun. 30, 2024  
Document Fiscal Year Focus 2024  
Document Fiscal Period Focus Q2  
Entity Information [Line Items]    
Entity Registrant Name Kayne Anderson BDC, Inc.  
Entity Central Index Key 0001747172  
Securities Act File Number 814-01363  
Entity Tax Identification Number 83-0531326  
Entity Incorporation, State or Country Code DE  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Shell Company false  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company true  
Entity Ex Transition Period false  
Entity Contact Personnel [Line Items]    
Entity Address, Address Line One 717 Texas Avenue  
Entity Address, Address Line Two Suite 2200  
Entity Address, City or Town Houston  
Entity Address, State or Province TX  
Entity Address, Postal Zip Code 77002  
Entity Phone Fax Numbers [Line Items]    
City Area Code (713)  
Local Phone Number 493-2020  
Entity Listings [Line Items]    
Title of 12(b) Security Common Stock, par value $0.001 per share  
Trading Symbol KBDC  
Security Exchange Name NYSE  
Entity Common Stock, Shares Outstanding   71,093,551
v3.24.2.u1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investments, at fair value:    
Long-term investments (amortized cost of $1,825,906 and $1,343,223) $ 1,847,058 $ 1,363,498
Short-term investments (amortized cost of $20,344 and $12,802) 20,344 12,802
Cash and cash equivalents 20,271 34,069
Receivable for principal payments on investments 5,280 104
Interest receivable 16,780 12,874
Prepaid expenses and other assets 117 319
Total Assets 1,909,850 1,423,666
Liabilities:    
Corporate Credit Facility (Note 6) 75,000 234,000
Unamortized Corporate Credit Facility issuance costs (1,321) (1,715)
Revolving Funding Facility (Note 6) 389,000 306,000
Unamortized Revolving Funding Facility issuance costs (5,808) (2,019)
Revolving Funding Facility II (Note 6) 83,000 70,000
Unamortized Revolving Funding Facility II issuance costs (1,571) (1,805)
Subscription Credit Agreement (Note 6) 10,750
Unamortized Subscription Credit Facility issuance costs (41)
Notes (Note 6) 75,000 75,000
Unamortized notes issuance costs (748) (851)
Payable for investments purchased 72,322
Distributions payable 28,446 22,050
Management fee payable (Note 3) 3,780 2,996
Incentive fee payable (Note 3)   14,195
Accrued expenses and other liabilities 14,574 11,949
Accrued excise tax expense 101
Total Liabilities 731,674 740,610
Commitments and contingencies (Note 8)
Net Assets:    
Common Shares, $0.001 par value; 100,000,000 shares authorized; 71,116,459 and 41,603,666 as of June 30, 2024 and December 31, 2023, respectively, issued and outstanding 71 42
Additional paid-in capital 1,154,108 669,990
Total distributable earnings (deficit) 23,997 13,024
Total Net Assets 1,178,176 683,056
Total Liabilities and Net Assets $ 1,909,850 $ 1,423,666
Net Asset Value Per Common Share (in Dollars per share) [1] $ 16.57 $ 16.42
[1] The per common share data was derived by using weighted average shares outstanding.
v3.24.2.u1
Consolidated Statements of Assets and Liabilities (Parentheticals) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Statement of Financial Position [Abstract]    
Long-term investments (amortized cost) (in Dollars) $ 1,825,906 $ 1,343,223
Short-term investments (amortized cost) (in Dollars) $ 20,344 $ 12,802
Common shares, par value (in Dollars per share) $ 0.001 $ 0.001
Common shares, shares authorized 100,000,000 100,000,000
Common shares, shares issued 71,116,459 41,603,666
Common shares, shares outstanding 71,116,459 41,603,666
v3.24.2.u1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Investment income from investments:        
Interest income $ 51,991 $ 40,746 $ 98,228 $ 77,112
Dividend income 462 719  
Total Investment Income 52,453 40,746 98,947 77,112
Expenses:        
Management fees 4,251 2,848 7,773 5,533
Incentive fees 4,109 2,420 6,740 4,558
Interest expense 13,239 13,002 28,895 24,525
Professional fees 375 143 639 293
Directors fees 158 178 305 317
Other general and administrative expenses 508 422 979 871
Total Expenses 22,640 19,013 45,331 36,097
Less: Management fee waiver (Note 3) (471) (471)
Less: Incentive fee waiver (Note 3) (4,109) (4,109)
Net expenses 18,060 19,013 40,751 36,097
Net Investment Income (Loss) 34,393 21,733 58,196 41,015
Net realized gains (losses):        
Investments (138) (138)
Total net realized gains (losses) (138) (138)
Net change in unrealized gains (losses):        
Investments (3,075) (731) 877 (606)
Total net change in unrealized gains (losses) (3,075) (731) 877 (606)
Total realized and unrealized gains (losses) (3,213) (731) 739 (606)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 31,180 $ 21,002 $ 58,935 $ 40,409
Per Common Share Data:        
Basic net investment income per common share (in Dollars per share) $ 0.51 $ 0.56 $ 1.03 $ 1.1
Basic net increase in net assets resulting from operations (in Dollars per share) $ 0.46 $ 0.54 $ 1.05 $ 1.08
Weighted Average Common Shares Outstanding - Basic (in Shares) 67,426,904 38,905,173 56,386,161 37,425,525
v3.24.2.u1
Consolidated Statements of Operations (Unaudited) (Parentheticals) - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Diluted net investment income per common share $ 0.51 $ 0.56 $ 1.03 $ 1.10
Diluted net increase in net assets resulting from operations $ 0.46 $ 0.54 $ 1.05 $ 1.08
Weighted Average Common Shares Outstanding - Diluted (in Shares) 67,426,904 38,905,173 56,386,161 37,425,525
v3.24.2.u1
Consolidated Statements of Changes in Net Assets (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Increase (Decrease) in Net Assets Resulting from Operations:        
Net investment income (loss) $ 34,393 $ 21,733 $ 58,196 $ 41,015
Net realized gains (losses) on investments (138) (138)
Net change in unrealized gains (losses) on investments (3,075) (731) 877 (606)
Net Increase (Decrease) in Net Assets Resulting from Operations 31,180 21,002 58,935 40,409
Decrease in Net Assets Resulting from Stockholder Dividends        
Dividends to stockholders (28,446) (20,678) (47,962) (37,568)
Net Decrease in Net Assets Resulting from Stockholder Dividends (28,446) (20,678) (47,962) (37,568)
Increase in Net Assets Resulting from Capital Share Transactions        
Issuance of common shares, net of underwriting and offering costs 362,308 50,000 480,997 50,000
Reinvestment of dividends 1,577 1,089 3,150 2,044
Net Increase in Net Assets Resulting from Capital Share Transactions 363,885 51,089 484,147 52,044
Total Increase (Decrease) in Net Assets 366,619 51,413 495,120 54,885
Net Assets, Beginning of Period 811,557 595,513 683,056 592,041
Net Assets, End of Period $ 1,178,176 $ 646,926 $ 1,178,176 $ 646,926
v3.24.2.u1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net increase (decrease) in net assets resulting from operations $ 58,935 $ 40,409
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:    
Net realized (gains)/losses on investments 138
Net change in unrealized (gains)/losses on investments (877) 606
Net accretion of discount on investments (5,289) (4,317)
Sales (purchases) of short-term investments, net (7,542) (5,247)
Purchases of portfolio investments (608,157) (177,629)
Proceeds from sales of investments and principal repayments 131,288 63,543
Paid-in-kind interest from portfolio investments (663) (1,035)
Amortization of deferred financing cost 1,824 1,184
Increase/(decrease) in operating assets and liabilities:    
(Increase)/decrease in interest and dividends receivable (3,906) (1,826)
(Increase)/decrease in receivable for principal payments on investments (5,176) (37)
Increase/(decrease) in excise tax payable (101)
(Increase)/decrease in prepaid expenses and other assets 202 140
Increase/(decrease) in payable for investments purchased 72,322 (956)
Increase/(decrease) in management fees payable 784 433
Increase/(decrease) in incentive fee payable (14,195) 4,558
Increase/(decrease) in accrued other general and administrative expenses 2,625 2,530
Net cash used in operating activities (377,788) (77,644)
Cash Flows from Financing Activities:    
Borrowings/(payments) on Corporate Credit Facility, net (159,000) (32,000)
Borrowings on Revolving Funding Facility, net 83,000 120,000
Borrowings on Revolving Funding Facility II, net 13,000
Borrowings/(payments) on Subscription Credit Agreement, net (10,750) (99,000)
Payments of debt issuance costs (4,841) (1,689)
Dividends paid in cash (38,416) (30,274)
Proceeds from issuance of common shares, net of underwriting & offering costs 480,997 50,000
Proceeds from issuance of Notes 75,000
Net cash provided by financing activities 363,990 82,037
Net increase (decrease) in cash and cash equivalents (13,798) 4,393
Cash and cash equivalents, beginning of period 34,069 8,526
Cash and cash equivalents, end of period 20,271 12,919
Supplemental and Non-Cash Information:    
Interest paid during the period 25,339 20,556
Non-cash financing activities not included herein consisted of reinvestment of dividends $ 3,150 $ 2,044
v3.24.2.u1
Consolidated Schedule of Investments (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.43%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Mar. 01, 2029  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Chemicals [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[4] $ 50,582  
Principal/ Par (in Dollars) [1],[4] 50,888  
Fair Value (in Dollars) [1],[4] $ 50,872  
Percentage of Net Assets [1],[4] 4.30%  
Debt Investments [Member] | Food products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 169,165  
Principal/ Par (in Dollars) [1] 172,585  
Fair Value (in Dollars) [1] $ 171,432  
Percentage of Net Assets [1] 14.50%  
Debt Investments [Member] | Aerospace & defense [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[4] $ 98,126  
Principal/ Par (in Dollars) [1],[4] 99,719  
Fair Value (in Dollars) [1],[4] $ 99,828  
Percentage of Net Assets [1],[4] 8.50%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured revolving loan [Member] | Basel U.S. Acquisition Co., Inc. (IAC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6]  
Interest Rate [1],[5],[6] 11.49%  
Principal/ Par (in Dollars) [1],[5],[6]  
Maturity Date [1],[5],[6] Dec. 05, 2028  
Fair Value (in Dollars) [1],[5],[6]  
Percentage of Net Assets [1],[5],[6] 0.00%  
Investment Interest Rate [1],[5],[6] 6.00%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Basel U.S. Acquisition Co., Inc. (IAC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 18,006  
Interest Rate [1] 11.49%  
Principal/ Par (in Dollars) [1] $ 18,401  
Maturity Date [1] Dec. 05, 2028  
Fair Value (in Dollars) [1] $ 18,401  
Percentage of Net Assets [1] 1.50%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Fastener Distribution Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 20,102  
Interest Rate [1],[6] 11.98%  
Principal/ Par (in Dollars) [1],[6] $ 20,391  
Maturity Date [1],[6] Oct. 01, 2025  
Fair Value (in Dollars) [1],[6] $ 20,456  
Percentage of Net Assets [1],[6] 1.70%  
Investment Interest Rate [1],[6] 6.50%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Precinmac (US) Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 5,264  
Interest Rate [1],[6] 11.43%  
Principal/ Par (in Dollars) [1],[6] $ 5,325  
Maturity Date [1],[6] Aug. 31, 2027  
Fair Value (in Dollars) [1],[6] $ 5,325  
Percentage of Net Assets [1],[6] 0.40%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | TransDigm Inc [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,086  
Interest Rate [1],[6] 8.08%  
Principal/ Par (in Dollars) [1],[6] $ 10,035  
Maturity Date [1],[6] Aug. 24, 2028  
Fair Value (in Dollars) [1],[6] $ 10,050  
Percentage of Net Assets [1],[6] 1.00%  
Investment Interest Rate [1],[6] 2.75%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Vitesse Systems Parent, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 30,341  
Interest Rate [1],[6] 12.46%  
Principal/ Par (in Dollars) [1],[6] $ 31,052  
Maturity Date [1],[6] Dec. 22, 2028  
Fair Value (in Dollars) [1],[6] $ 31,052  
Percentage of Net Assets [1],[6] 2.60%  
Investment Interest Rate [1],[6] 7.00%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Ruff Roofers Buyer, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 4,256  
Interest Rate [1] 12.44%  
Principal/ Par (in Dollars) [1],[6] $ 4,367  
Maturity Date [1],[6] Dec. 22, 2028  
Fair Value (in Dollars) [1],[6] $ 4,367  
Percentage of Net Assets [1],[6] 0.40%  
Investment Interest Rate [1] 7.00%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured delayed draw loan [Member] | Fastener Distribution Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 8,987  
Interest Rate [1] 11.98%  
Principal/ Par (in Dollars) [1] $ 9,052  
Maturity Date [1] Oct. 01, 2025  
Fair Value (in Dollars) [1] $ 9,081  
Percentage of Net Assets [1] 0.80%  
Investment Interest Rate [1] 6.50%  
Debt Investments [Member] | Aerospace & defense [Member] | First lien senior secured delayed draw loan [Member] | Precinmac (US) Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,084  
Interest Rate [1] 11.43%  
Principal/ Par (in Dollars) [1] $ 1,096  
Maturity Date [1] Aug. 31, 2027  
Fair Value (in Dollars) [1] $ 1,096  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Automobile components [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[4] $ 42,662  
Principal/ Par (in Dollars) [1],[4] 43,008  
Fair Value (in Dollars) [1],[4] $ 43,011  
Percentage of Net Assets [1],[4] 3.60%  
Debt Investments [Member] | Automobile components [Member] | First lien senior secured loan [Member] | Speedstar Holding LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 4,782  
Interest Rate [1],[6] 12.75%  
Principal/ Par (in Dollars) [1],[6] $ 4,832  
Maturity Date [1],[6] Jan. 22, 2027  
Fair Value (in Dollars) [1],[6] $ 4,832  
Percentage of Net Assets [1],[6] 0.40%  
Investment Interest Rate [1],[6] 7.25%  
Debt Investments [Member] | Automobile components [Member] | First lien senior secured loan [Member] | Clarios Global LP [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 10,101  
Interest Rate [1],[5],[6] 8.34%  
Principal/ Par (in Dollars) [1],[5],[6] $ 10,060  
Maturity Date [1],[5],[6] May 06, 2030  
Fair Value (in Dollars) [1],[5],[6] $ 10,063  
Percentage of Net Assets [1],[5],[6] 0.90%  
Investment Interest Rate [1],[5],[6] 3.00%  
Debt Investments [Member] | Automobile components [Member] | First lien senior secured loan [Member] | Speedstar Holding LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 264  
Interest Rate [1] 12.75%  
Principal/ Par (in Dollars) [1] $ 270  
Maturity Date [1] Jan. 22, 2027  
Fair Value (in Dollars) [1] $ 270  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 7.25%  
Debt Investments [Member] | Automobile components [Member] | First lien senior secured loan [Member] | Vehicle Accessories, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [2],[3],[6] $ 26,291  
Interest Rate [1],[6] 10.71%  
Principal/ Par (in Dollars) [6] $ 26,559  
Maturity Date [6] Nov. 30, 2026  
Fair Value (in Dollars) [6] $ 26,559  
Percentage of Net Assets [6] 2.20%  
Investment Interest Rate [1],[6] 5.25%  
Debt Investments [Member] | Automobile components [Member] | First lien senior secured loan One [Member] | Speedstar Holding LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,126  
Interest Rate [1] 12.72%  
Principal/ Par (in Dollars) [1] $ 1,149  
Maturity Date [1] Jan. 22, 2027  
Fair Value (in Dollars) [1] $ 1,149  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 7.25%  
Debt Investments [Member] | Automobile components [Member] | First lien senior secured revolving loan [Member] | Vehicle Accessories, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 98  
Interest Rate [1] 10.71%  
Principal/ Par (in Dollars) [1] $ 138  
Maturity Date [1] Nov. 30, 2026  
Fair Value (in Dollars) [1] $ 138  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.25%  
Debt Investments [Member] | Biotechnology [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[4] $ 12,081  
Principal/ Par (in Dollars) [1],[4] 12,442  
Fair Value (in Dollars) [1],[4] $ 12,690  
Percentage of Net Assets [1],[4] 1.10%  
Debt Investments [Member] | Biotechnology [Member] | First lien senior secured revolving loan [Member] | Alcami Corporation (Alcami) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 12.49%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Dec. 21, 2028  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 7.00%  
Debt Investments [Member] | Biotechnology [Member] | First lien senior secured loan [Member] | Alcami Corporation (Alcami) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 11,270  
Interest Rate [1] 12.49%  
Principal/ Par (in Dollars) [1] $ 11,589  
Maturity Date [1] Dec. 21, 2028  
Fair Value (in Dollars) [1] $ 11,820  
Percentage of Net Assets [1] 1.00%  
Investment Interest Rate [1] 7.00%  
Debt Investments [Member] | Biotechnology [Member] | First lien senior secured delayed draw loan [Member] | Alcami Corporation (Alcami) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 811  
Interest Rate [1],[6] 12.49%  
Principal/ Par (in Dollars) [1],[6] $ 853  
Maturity Date [1],[6] Dec. 21, 2028  
Fair Value (in Dollars) [1],[6] $ 870  
Percentage of Net Assets [1],[6] 0.10%  
Investment Interest Rate [1],[6] 7.00%  
Debt Investments [Member] | Building products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[4] $ 26,215  
Principal/ Par (in Dollars) [1],[4] 26,851  
Fair Value (in Dollars) [1],[4] $ 26,851  
Percentage of Net Assets [1],[4] 2.30%  
Debt Investments [Member] | Building products [Member] | First lien senior secured loan [Member] | Diverzify Intermediate LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6]  
Interest Rate [1],[6] 11.19%  
Principal/ Par (in Dollars) [1],[6]  
Maturity Date [1],[6] Apr. 04, 2026  
Fair Value (in Dollars) [1],[6]  
Percentage of Net Assets [1],[6] 0.00%  
Investment Interest Rate [1],[6] 5.75%  
Debt Investments [Member] | Building products [Member] | First lien senior secured loan [Member] | Ruff Roofers Buyer, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 6,895  
Interest Rate [1],[6] 11.08%  
Principal/ Par (in Dollars) [1],[6] $ 7,150  
Maturity Date [1],[6] Nov. 19, 2029  
Fair Value (in Dollars) [1],[6] $ 7,150  
Percentage of Net Assets [1],[6] 0.60%  
Investment Interest Rate [1],[6] 5.75%  
Debt Investments [Member] | Building products [Member] | First lien senior secured loan [Member] | Eastern Wholesale Fence [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 18,247  
Interest Rate [1],[6] 13.48%  
Principal/ Par (in Dollars) [1],[6] $ 18,624  
Maturity Date [1],[6] Oct. 30, 2025  
Fair Value (in Dollars) [1],[6] $ 18,624  
Percentage of Net Assets [1],[6] 1.60%  
Investment Interest Rate [1],[6] 8.00%  
Debt Investments [Member] | Building products [Member] | First lien senior secured loan [Member] | Diverzify Intermediate LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 5,878  
Interest Rate [1] 11.19%  
Principal/ Par (in Dollars) [1] $ 6,048  
Maturity Date [1] May 11, 2027  
Fair Value (in Dollars) [1] $ 6,048  
Percentage of Net Assets [1] 0.50%  
Investment Interest Rate [1] 5.75%  
Debt Investments [Member] | Building products [Member] | First lien senior secured revolving loan [Member] | Eastern Wholesale Fence [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,073  
Interest Rate [1] 13.48%  
Principal/ Par (in Dollars) [1] $ 1,077  
Maturity Date [1] Oct. 30, 2025  
Fair Value (in Dollars) [1] $ 1,077  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 8.00%  
Debt Investments [Member] | Building products [Member] | First lien senior secured delayed draw loan [Member] | Ruff Roofers Buyer, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.08%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Nov. 19, 2029  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.75%  
Debt Investments [Member] | Capital Markets [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[4] $ 8,237  
Principal/ Par (in Dollars) [1],[4] 8,263  
Fair Value (in Dollars) [1],[4] $ 8,263  
Percentage of Net Assets [1],[4] 0.70%  
Debt Investments [Member] | Capital Markets [Member] | First lien senior secured revolving loan [Member] | Phoenix YW Buyer, Inc. (Elida Beauty) | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 10.35%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] May 31, 2030  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.00%  
Debt Investments [Member] | Capital Markets [Member] | First lien senior secured loan [Member] | Phoenix YW Buyer, Inc. (Elida Beauty) | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 11,684  
Interest Rate [1],[6] 10.35%  
Principal/ Par (in Dollars) [1],[6] $ 11,995  
Maturity Date [1],[6] May 31, 2030  
Fair Value (in Dollars) [1],[6] $ 11,995  
Percentage of Net Assets [1],[6] 1.00%  
Investment Interest Rate [1],[6] 5.00%  
Debt Investments [Member] | Capital Markets [Member] | First lien senior secured loan [Member] | Atria Wealth Solutions, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 5,057  
Interest Rate [1],[6] 12.09%  
Principal/ Par (in Dollars) [1],[6] $ 5,061  
Maturity Date [1],[6] Nov. 29, 2024  
Fair Value (in Dollars) [1],[6] $ 5,061  
Percentage of Net Assets [1],[6] 0.40%  
Investment Interest Rate [1],[6] 6.50%  
Debt Investments [Member] | Capital Markets [Member] | First lien senior secured delayed draw loan [Member] | Atria Wealth Solutions, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3,180  
Interest Rate [1] 12.09%  
Principal/ Par (in Dollars) [1] $ 3,202  
Maturity Date [1] Nov. 29, 2024  
Fair Value (in Dollars) [1] $ 3,202  
Percentage of Net Assets [1] 0.30%  
Investment Interest Rate [1] 6.50%  
Debt Investments [Member] | Chemicals [Member] | First lien senior secured loan [Member] | Nouryon USA, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,093  
Interest Rate [1],[6] 8.83%  
Principal/ Par (in Dollars) [1],[6] $ 10,035  
Maturity Date [1],[6] Apr. 03, 2028  
Fair Value (in Dollars) [1],[6] $ 10,050  
Percentage of Net Assets [1],[6] 0.90%  
Investment Interest Rate [1],[6] 3.50%  
Debt Investments [Member] | Chemicals [Member] | First lien senior secured loan [Member] | Fralock Buyer LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 11,627  
Interest Rate [1],[6]  
Principal/ Par (in Dollars) [1],[6] $ 11,656  
Maturity Date [1],[6] Mar. 31, 2025  
Fair Value (in Dollars) [1],[6] $ 11,627  
Percentage of Net Assets [1],[6] 1.00%  
Investment Interest Rate [1],[6]  
Debt Investments [Member] | Chemicals [Member] | First lien senior secured loan [Member] | Shrieve Chemical Company, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 8,566  
Interest Rate [1],[6] 11.80%  
Principal/ Par (in Dollars) [1],[6] $ 8,608  
Maturity Date [1],[6] Dec. 02, 2024  
Fair Value (in Dollars) [1],[6] $ 8,608  
Percentage of Net Assets [1],[6] 0.70%  
Investment Interest Rate [1],[6] 6.38%  
Debt Investments [Member] | Chemicals [Member] | First lien senior secured loan [Member] | USALCO, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 18,627  
Interest Rate [1],[6] 11.60%  
Principal/ Par (in Dollars) [1],[6] $ 18,891  
Maturity Date [1],[6] Oct. 19, 2027  
Fair Value (in Dollars) [1],[6] $ 18,891  
Percentage of Net Assets [1],[6] 1.50%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Chemicals [Member] | First lien senior secured revolving loan [Member] | Fralock Buyer LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 643  
Interest Rate [1]  
Principal/ Par (in Dollars) [1] $ 649  
Maturity Date [1] Mar. 31, 2025  
Fair Value (in Dollars) [1] $ 647  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1]  
Debt Investments [Member] | Chemicals [Member] | First lien senior secured revolving loan [Member] | USALCO, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,026  
Interest Rate [1] 11.34%  
Principal/ Par (in Dollars) [1] $ 1,049  
Maturity Date [1] Oct. 19, 2026  
Fair Value (in Dollars) [1] $ 1,049  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 137,083  
Principal/ Par (in Dollars) [1] 138,843  
Fair Value (in Dollars) [1] $ 138,877  
Percentage of Net Assets [1] 11.80%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Advanced Environmental Monitoring [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6],[7] $ 10,033  
Interest Rate [1],[6],[7] 11.74%  
Principal/ Par (in Dollars) [1],[6],[7] $ 10,158  
Maturity Date [1],[6],[7] Jan. 29, 2026  
Fair Value (in Dollars) [1],[6],[7] $ 10,158  
Percentage of Net Assets [1],[6],[7] 0.90%  
Investment Interest Rate [1],[6],[7] 6.25%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Regiment Security Partners LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 6,304  
Interest Rate [1],[6] 15.48%  
Principal/ Par (in Dollars) [1],[6] $ 6,364  
Maturity Date [1],[6] Sep. 15, 2026  
Fair Value (in Dollars) [1],[6] $ 6,364  
Percentage of Net Assets [1],[6] 0.60%  
Investment Interest Rate [1],[6] 10.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Luxium Solutions LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 8,421  
Interest Rate [1],[6] 11.59%  
Principal/ Par (in Dollars) [1],[6] $ 8,555  
Maturity Date [1],[6] Dec. 01, 2027  
Fair Value (in Dollars) [1],[6] $ 8,555  
Percentage of Net Assets [1],[6] 0.70%  
Investment Interest Rate [1],[6] 6.25%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Alight Solutions (Tempo Acquisition LLC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,049  
Interest Rate [1],[6] 7.59%  
Principal/ Par (in Dollars) [1],[6] $ 10,010  
Maturity Date [1],[6] Aug. 31, 2028  
Fair Value (in Dollars) [1],[6] $ 10,044  
Percentage of Net Assets [1],[6] 0.90%  
Investment Interest Rate [1],[6] 2.25%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Allentown, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 7,504  
Interest Rate [1],[6] 11.50%  
Principal/ Par (in Dollars) [1],[6] $ 7,547  
Maturity Date [1],[6] Apr. 22, 2027  
Fair Value (in Dollars) [1],[6] $ 7,547  
Percentage of Net Assets [1],[6] 0.60%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 17,661  
Interest Rate [1],[6] 11.74%  
Principal/ Par (in Dollars) [1],[6] $ 17,868  
Maturity Date [1],[6] Nov. 05, 2026  
Fair Value (in Dollars) [1],[6] $ 17,868  
Percentage of Net Assets [1],[6] 1.50%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Arborworks Acquisition LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6],[8],[9],[10] $ 4,688  
Principal/ Par (in Dollars) [1],[6],[8],[9],[10] $ 4,688  
Maturity Date [1],[6],[8],[9],[10] Nov. 06, 2028  
Fair Value (in Dollars) [1],[6],[8],[9],[10] $ 4,688  
Percentage of Net Assets [1],[6],[8],[9],[10] 0.40%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | BLP Buyer, Inc. (Bishop Lifting Products) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [2],[3],[6] $ 26,822  
Interest Rate [1],[6] 11.09%  
Principal/ Par (in Dollars) [6] $ 27,322  
Maturity Date [6] Dec. 22, 2029  
Fair Value (in Dollars) [6] $ 27,322  
Percentage of Net Assets [6] 2.30%  
Investment Interest Rate [1],[6] 5.75%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Gusmer Enterprises, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 4,133  
Interest Rate [1],[6] 11.96%  
Principal/ Par (in Dollars) [1],[6] $ 4,181  
Maturity Date [1],[6] May 07, 2027  
Fair Value (in Dollars) [1],[6] $ 4,181  
Percentage of Net Assets [1],[6] 0.40%  
Investment Interest Rate [1],[6] 6.50%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | PMFC Holding, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 5,441  
Interest Rate [1],[6] 12.98%  
Principal/ Par (in Dollars) [1],[6] $ 5,533  
Maturity Date [1],[6] Jul. 31, 2025  
Fair Value (in Dollars) [1],[6] $ 5,533  
Percentage of Net Assets [1],[6] 0.50%  
Investment Interest Rate [1],[6] 7.50%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | Allentown, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,350  
Interest Rate [1] 11.50%  
Principal/ Par (in Dollars) [1] $ 1,363  
Maturity Date [1] Apr. 22, 2027  
Fair Value (in Dollars) [1] $ 1,363  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 6,123  
Interest Rate [1] 11.74%  
Principal/ Par (in Dollars) [1] $ 6,208  
Maturity Date [1] Nov. 05, 2026  
Fair Value (in Dollars) [1] $ 6,208  
Percentage of Net Assets [1] 0.50%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | BLP Buyer, Inc. (Bishop Lifting Products) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3,126  
Interest Rate [1] 11.09%  
Principal/ Par (in Dollars) [1] $ 3,186  
Maturity Date [1] Dec. 22, 2029  
Fair Value (in Dollars) [1] $ 3,186  
Percentage of Net Assets [1] 0.30%  
Investment Interest Rate [1] 5.75%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | Gusmer Enterprises, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 6,885  
Interest Rate [1] 11.96%  
Principal/ Par (in Dollars) [1] $ 7,005  
Maturity Date [1] May 07, 2027  
Fair Value (in Dollars) [1] $ 7,005  
Percentage of Net Assets [1] 0.60%  
Investment Interest Rate [1] 6.50%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | PMFC Holding, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,773  
Interest Rate [1] 12.98%  
Principal/ Par (in Dollars) [1] $ 2,775  
Maturity Date [1] Jul. 31, 2025  
Fair Value (in Dollars) [1] $ 2,775  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1] 7.50%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | Regiment Security Partners LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,585  
Interest Rate [1] 15.48%  
Principal/ Par (in Dollars) [1] $ 2,602  
Maturity Date [1] Sep. 15, 2026  
Fair Value (in Dollars) [1] $ 2,602  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1] 10.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | Luxium Solutions LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.59%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Nov. 10, 2025  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.25%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan One [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,049  
Interest Rate [1] 11.68%  
Principal/ Par (in Dollars) [1] $ 2,075  
Maturity Date [1] Nov. 05, 2026  
Fair Value (in Dollars) [1] $ 2,075  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | Allentown, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 357  
Interest Rate [1] 13.50%  
Principal/ Par (in Dollars) [1] $ 357  
Maturity Date [1] Apr. 22, 2027  
Fair Value (in Dollars) [1] $ 357  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,250  
Interest Rate [1] 11.71%  
Principal/ Par (in Dollars) [1] $ 1,288  
Maturity Date [1] Nov. 05, 2026  
Fair Value (in Dollars) [1] $ 1,288  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | Arborworks Acquisition LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,345  
Principal/ Par (in Dollars) [1] $ 2,345  
Maturity Date [1] Nov. 06, 2028  
Fair Value (in Dollars) [1] $ 2,345  
Percentage of Net Assets [1] 0.20%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | BLP Buyer, Inc. (Bishop Lifting Products) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 202  
Interest Rate [1] 11.09%  
Principal/ Par (in Dollars) [1] $ 273  
Maturity Date [1] Dec. 22, 2029  
Fair Value (in Dollars) [1] $ 273  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate 5.75%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | Gusmer Enterprises, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.96%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] May 07, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.50%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | PMFC Holding, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 616  
Interest Rate [1] 12.98%  
Principal/ Par (in Dollars) [1] $ 616  
Maturity Date [1] Jul. 31, 2025  
Fair Value (in Dollars) [1] $ 616  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 7.50%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | Regiment Security Partners LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,430  
Interest Rate [1] 15.48%  
Principal/ Par (in Dollars) [1] $ 1,448  
Maturity Date [1] Sep. 15, 2026  
Fair Value (in Dollars) [1] $ 1,448  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 10.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan Two [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,588  
Interest Rate [1] 11.70%  
Principal/ Par (in Dollars) [1] $ 2,639  
Maturity Date [1] Nov. 05, 2026  
Fair Value (in Dollars) [1] $ 2,639  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan One [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 4,891  
Interest Rate [1] 11.68%  
Principal/ Par (in Dollars) [1] $ 4,944  
Maturity Date [1] Nov. 05, 2026  
Fair Value (in Dollars) [1] $ 4,944  
Percentage of Net Assets [1] 0.40%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Construction materials [Member] | First lien senior secured loan [Member] | Quikrete Holdings Inc [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 14,925  
Interest Rate [1],[6] 7.59%  
Principal/ Par (in Dollars) [1],[6] $ 14,925  
Maturity Date [1],[6] Mar. 19, 2029  
Fair Value (in Dollars) [1],[6] $ 14,925  
Percentage of Net Assets [1],[6] 1.30%  
Investment Interest Rate [1],[6] 2.25%  
Debt Investments [Member] | Containers & packaging [Member] | First lien senior secured revolving loan [Member] | FCA, LLC (FCA Packaging) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 151  
Interest Rate [1] 14.00%  
Principal/ Par (in Dollars) [1] $ 178  
Maturity Date [1] Jul. 18, 2028  
Fair Value (in Dollars) [1] $ 180  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.50%  
Debt Investments [Member] | Containers & packaging [Member] | First lien senior secured loan [Member] | Drew Foam Companies, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 6,974  
Interest Rate [1],[6] 12.73%  
Principal/ Par (in Dollars) [1],[6] $ 7,015  
Maturity Date [1],[6] Nov. 05, 2025  
Fair Value (in Dollars) [1],[6] $ 7,015  
Percentage of Net Assets [1],[6] 0.60%  
Investment Interest Rate [1],[6] 7.25%  
Debt Investments [Member] | Containers & packaging [Member] | First lien senior secured loan [Member] | FCA, LLC (FCA Packaging) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 18,470  
Interest Rate [1],[6] 11.59%  
Principal/ Par (in Dollars) [1],[6] $ 18,673  
Maturity Date [1],[6] Jul. 18, 2028  
Fair Value (in Dollars) [1],[6] $ 18,860  
Percentage of Net Assets [1],[6] 1.60%  
Investment Interest Rate [1],[6] 6.50%  
Debt Investments [Member] | Containers & packaging [Member] | First lien senior secured loan [Member] | Carton Packaging Buyer, Inc. (Century Box) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 23,538  
Interest Rate [1],[6] 11.56%  
Principal/ Par (in Dollars) [1],[6] $ 24,140  
Maturity Date [1],[6] Oct. 30, 2028  
Fair Value (in Dollars) [1],[6] $ 24,140  
Percentage of Net Assets [1],[6] 2.00%  
Investment Interest Rate [1],[6] 6.25%  
Debt Investments [Member] | Containers & packaging [Member] | First lien senior secured loan [Member] | Innopak Industries, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 27,513  
Interest Rate [1],[6] 11.68%  
Principal/ Par (in Dollars) [1],[6] $ 28,083  
Maturity Date [1],[6] Mar. 05, 2027  
Fair Value (in Dollars) [1],[6] $ 28,364  
Percentage of Net Assets [1],[6] 2.40%  
Investment Interest Rate [1],[6] 6.25%  
Debt Investments [Member] | Containers & packaging [Member] | First lien senior secured loan One [Member] | Drew Foam Companies, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 19,749  
Interest Rate [1] 12.72%  
Principal/ Par (in Dollars) [1] $ 19,940  
Maturity Date [1] Nov. 05, 2025  
Fair Value (in Dollars) [1] $ 19,940  
Percentage of Net Assets [1] 1.70%  
Investment Interest Rate [1] 7.25%  
Debt Investments [Member] | Containers & packaging [Member] | First lien senior secured loan One [Member] | FCA, LLC (FCA Packaging) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,691  
Interest Rate [1] 11.05%  
Principal/ Par (in Dollars) [1] $ 1,724  
Maturity Date [1] Jul. 18, 2028  
Fair Value (in Dollars) [1] $ 1,732  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1] 5.75%  
Debt Investments [Member] | Containers & packaging [Member] | First lien senior secured revolving loan [Member] | Carton Packaging Buyer, Inc. (Century Box) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.56%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Oct. 30, 2028  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.25%  
Debt Investments [Member] | Packaging Manufacturer [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 109,261  
Principal/ Par (in Dollars) [1] 111,238  
Fair Value (in Dollars) [1] $ 111,716  
Percentage of Net Assets [1] 9.50%  
Debt Investments [Member] | Packaging Manufacturer [Member] | First lien senior secured revolving loan [Member] | The Robinette Company [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,098  
Interest Rate [1] 11.35%  
Principal/ Par (in Dollars) [1] $ 1,207  
Maturity Date [1] May 10, 2029  
Fair Value (in Dollars) [1] $ 1,207  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Packaging Manufacturer [Member] | First lien senior secured loan [Member] | The Robinette Company [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,077  
Interest Rate [1],[6] 11.35%  
Principal/ Par (in Dollars) [1],[6] $ 10,278  
Maturity Date [1],[6] May 10, 2029  
Fair Value (in Dollars) [1],[6] $ 10,278  
Percentage of Net Assets [1],[6] 0.90%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Packaging Manufacturer [Member] | First lien senior secured delayed draw loan [Member] | The Robinette Company [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.35%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Nov. 10, 2025  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Diversified consumer services [Member] | First lien senior secured loan [Member] | Fugue Finance B.V. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 3,001  
Interest Rate [1],[5],[6] 9.10%  
Principal/ Par (in Dollars) [1],[5],[6] $ 3,000  
Maturity Date [1],[5],[6] Feb. 26, 2031  
Fair Value (in Dollars) [1],[5],[6] $ 3,023  
Percentage of Net Assets [1],[5],[6] 0.30%  
Investment Interest Rate [1],[5],[6] 3.75%  
Debt Investments [Member] | Diversified telecommunication services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 32,402  
Principal/ Par (in Dollars) [1] 32,729  
Fair Value (in Dollars) [1] $ 31,836  
Percentage of Net Assets [1] 2.70%  
Debt Investments [Member] | Diversified telecommunication services [Member] | First lien senior secured loan [Member] | Network Connex (f/k/a NTI Connect, LLC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 5,123  
Interest Rate [1],[6] 10.94%  
Principal/ Par (in Dollars) [1],[6] $ 5,169  
Maturity Date [1],[6] Jan. 31, 2026  
Fair Value (in Dollars) [1],[6] $ 5,169  
Percentage of Net Assets [1],[6] 0.40%  
Investment Interest Rate [1],[6] 5.50%  
Debt Investments [Member] | Diversified telecommunication services [Member] | First lien senior secured loan [Member] | Liberty Global/Vodafone Ziggo [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 9,957  
Interest Rate [1],[5],[6] 7.94%  
Principal/ Par (in Dollars) [1],[5],[6] $ 10,060  
Maturity Date [1],[5],[6] Apr. 30, 2028  
Fair Value (in Dollars) [1],[5],[6] $ 9,714  
Percentage of Net Assets [1],[5],[6] 0.80%  
Investment Interest Rate [1],[5],[6] 2.50%  
Debt Investments [Member] | Diversified telecommunication services [Member] | First lien senior secured loan [Member] | Virgin Media Bristor LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 17,322  
Interest Rate [1],[6] 7.94%  
Principal/ Par (in Dollars) [1],[6] $ 17,500  
Maturity Date [1],[6] Jan. 31, 2028  
Fair Value (in Dollars) [1],[6] $ 16,953  
Percentage of Net Assets [1],[6] 1.50%  
Investment Interest Rate [1],[6] 2.50%  
Debt Investments [Member] | Electrical equipment [Member] | First lien senior secured loan [Member] | Energy Acquisition LP [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 24,600  
Interest Rate [1],[6] 11.83%  
Principal/ Par (in Dollars) [1],[6] $ 25,089  
Maturity Date [1],[2],[3],[6] May 10, 2029  
Fair Value (in Dollars) [1],[6] $ 25,089  
Percentage of Net Assets [1],[6] 2.10%  
Debt Investments [Member] | Electrical equipment [Member] | First lien senior secured loan [Member] | Energy Acquisition LP [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.50%  
Debt Investments [Member] | Electrical equipment [Member] | First lien senior secured loan [Member] | Westinghouse (Wec US Holdings LTD) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,072  
Interest Rate [1],[6] 8.09%  
Principal/ Par (in Dollars) [1],[6] $ 10,060  
Maturity Date [1],[6] Jan. 25, 2031  
Fair Value (in Dollars) [1],[6] $ 10,062  
Percentage of Net Assets [1],[6] 0.90%  
Investment Interest Rate [1],[6] 2.75%  
Debt Investments [Member] | Electrical equipment [Member] | First lien senior secured delayed draw loan [Member] | Energy Acquisition LP [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[3] $ 1,154  
Interest Rate [1] 11.84%  
Principal/ Par (in Dollars) [1] $ 1,192  
Maturity Date [1],[2],[3] May 10, 2029  
Fair Value (in Dollars) [1] $ 1,192  
Percentage of Net Assets [1] 0.10%  
Debt Investments [Member] | Electrical equipment [Member] | First lien senior secured delayed draw loan [Member] | Energy Acquisition LP [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.50%  
Debt Investments [Member] | Entertainment [Member] | First lien senior secured loan [Member] | UFC Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 17,489  
Interest Rate [1],[6] 8.34%  
Principal/ Par (in Dollars) [1],[6] $ 17,450  
Maturity Date [1],[6] Apr. 29, 2026  
Fair Value (in Dollars) [1],[6] $ 17,482  
Percentage of Net Assets [1],[6] 1.50%  
Investment Interest Rate [1],[6] 2.75%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | BC CS 2, L.P. (Cuisine Solutions) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[5],[6],[11] $ 21,117  
Interest Rate [1],[5],[6],[11] 13.35%  
Principal/ Par (in Dollars) [1],[5],[6],[11] $ 21,555  
Maturity Date [1],[5],[6],[11] Jul. 08, 2028  
Fair Value (in Dollars) [1],[2],[3],[5],[6],[11] $ 21,771  
Percentage of Net Assets [1],[5],[6],[11] 1.80%  
Investment Interest Rate [1],[5],[6],[11] 8.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | BR PJK Produce, LLC (Keany) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 28,965  
Interest Rate [1],[6] 11.45%  
Principal/ Par (in Dollars) [1],[6] $ 29,490  
Maturity Date [1],[6] Nov. 14, 2027  
Fair Value (in Dollars) [1],[6] $ 29,926  
Percentage of Net Assets [1],[6] 2.50%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | CCFF Buyer, LLC (California Custom Fruits & Flavors, Inc.) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 13,506  
Interest Rate [1],[6] 11.00%  
Principal/ Par (in Dollars) [1],[6] $ 13,966  
Maturity Date [1],[6] Feb. 26, 2030  
Fair Value (in Dollars) [1],[6] $ 14,245  
Percentage of Net Assets [1],[6] 1.20%  
Investment Interest Rate [1],[6] 5.75%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | City Line Distributors, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 8,660  
Interest Rate [1],[6] 11.46%  
Principal/ Par (in Dollars) [1],[6] $ 8,851  
Maturity Date [1],[6] Aug. 31, 2028  
Fair Value (in Dollars) [1],[6] $ 9,028  
Percentage of Net Assets [1],[6] 0.80%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | Gulf Pacific Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 19,775  
Interest Rate [1],[6] 11.48%  
Principal/ Par (in Dollars) [1],[6] $ 20,078  
Maturity Date [1],[6] Sep. 29, 2028  
Fair Value (in Dollars) [1],[6] $ 19,676  
Percentage of Net Assets [1],[6] 1.70%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | IF&P Foods, LLC (FreshEdge) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 26,597  
Interest Rate [1],[6] 10.99%  
Principal/ Par (in Dollars) [1],[6] $ 27,107  
Maturity Date [1],[6] Oct. 03, 2028  
Fair Value (in Dollars) [1],[6] $ 26,972  
Percentage of Net Assets [1],[6] 2.30%  
Investment Interest Rate [1],[6] 5.63%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | J&K Ingredients, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 11,263  
Interest Rate [1],[6] 11.84%  
Principal/ Par (in Dollars) [1],[6] $ 11,523  
Maturity Date [1],[6] Nov. 16, 2028  
Fair Value (in Dollars) [1],[6] $ 11,753  
Percentage of Net Assets [1],[6] 1.00%  
Investment Interest Rate [1],[6] 6.50%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | Worldwide Produce Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,777  
Interest Rate [1] 11.58%  
Principal/ Par (in Dollars) [1] $ 2,846  
Maturity Date [1] Jan. 18, 2029  
Fair Value (in Dollars) [1] $ 2,817  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1] 6.25%  
Debt Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | CCFF Buyer, LLC (California Custom Fruits & Flavors, Inc.) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.00%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Feb. 26, 2026  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.75%  
Debt Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | City Line Distributors, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3,530  
Interest Rate [1] 11.44%  
Principal/ Par (in Dollars) [1] $ 3,627  
Maturity Date [1] Aug. 31, 2028  
Fair Value (in Dollars) [1] $ 3,699  
Percentage of Net Assets [1] 0.30%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | Gulf Pacific Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,679  
Interest Rate [1] 11.45%  
Principal/ Par (in Dollars) [1] $ 1,693  
Maturity Date [1] Sep. 29, 2028  
Fair Value (in Dollars) [1] $ 1,659  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | IF&P Foods, LLC (FreshEdge) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3,952  
Interest Rate [1] 10.99%  
Principal/ Par (in Dollars) [1] $ 4,025  
Maturity Date [1] Oct. 03, 2028  
Fair Value (in Dollars) [1] $ 4,005  
Percentage of Net Assets [1] 0.40%  
Investment Interest Rate [1] 5.63%  
Debt Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | Worldwide Produce Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 544  
Interest Rate [1],[6] 11.58%  
Principal/ Par (in Dollars) [1],[6] $ 558  
Maturity Date [1],[6] Jan. 18, 2029  
Fair Value (in Dollars) [1],[6] $ 552  
Percentage of Net Assets [1],[6] 0.00%  
Investment Interest Rate [1],[6] 6.25%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan One [Member] | IF&P Foods, LLC (FreshEdge) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 210  
Interest Rate [1] 11.36%  
Principal/ Par (in Dollars) [1] $ 215  
Maturity Date [1] Oct. 03, 2028  
Fair Value (in Dollars) [1] $ 215  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured loan One [Member] | Siegel Egg Co., LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 14,443  
Interest Rate [1],[6]  
Principal/ Par (in Dollars) [1],[6] $ 14,582  
Maturity Date [1],[6] Dec. 29, 2026  
Fair Value (in Dollars) [1],[6] $ 12,978  
Percentage of Net Assets [1],[6] 1.10%  
Investment Interest Rate [1],[6]  
Debt Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | CCFF Buyer, LLC (California Custom Fruits & Flavors, Inc.) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.00%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Feb. 26, 2030  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.75%  
Debt Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | City Line Distributors, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.44%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Aug. 31, 2028  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | Gulf Pacific Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 4,110  
Interest Rate [1] 11.49%  
Principal/ Par (in Dollars) [1] $ 4,195  
Maturity Date [1] Sep. 29, 2028  
Fair Value (in Dollars) [1] $ 4,111  
Percentage of Net Assets [1] 0.30%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | IF&P Foods, LLC (FreshEdge) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,697  
Interest Rate [1] 10.99%  
Principal/ Par (in Dollars) [1] $ 1,759  
Maturity Date [1] Oct. 03, 2028  
Fair Value (in Dollars) [1] $ 1,750  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 5.63%  
Debt Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | Siegel Egg Co., LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,571  
Interest Rate [1]  
Principal/ Par (in Dollars) [1] $ 2,603  
Maturity Date [1] Dec. 29, 2026  
Fair Value (in Dollars) [1] $ 2,316  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1]  
Debt Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | Worldwide Produce Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.58%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Jan. 18, 2029  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.25%  
Debt Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | BR PJK Produce, LLC (Keany) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,964  
Interest Rate [1] 11.45%  
Principal/ Par (in Dollars) [1] $ 2,023  
Maturity Date [1] Nov. 14, 2027  
Fair Value (in Dollars) [1] $ 2,053  
Percentage of Net Assets [1] 0.20%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan One [Member] | BR PJK Produce, LLC (Keany) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,368  
Interest Rate [1] 11.45%  
Principal/ Par (in Dollars) [1] $ 1,426  
Maturity Date [1] Nov. 14, 2027  
Fair Value (in Dollars) [1] $ 1,447  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan One [Member] | Worldwide Produce Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 437  
Interest Rate [1] 11.58%  
Principal/ Par (in Dollars) [1] $ 463  
Maturity Date [1] Jan. 18, 2029  
Fair Value (in Dollars) [1] $ 459  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.25%  
Debt Investments [Member] | Health care providers & services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[4] $ 143,529  
Principal/ Par (in Dollars) [1],[4] 146,416  
Fair Value (in Dollars) [1],[4] $ 146,436  
Percentage of Net Assets [1],[4] 12.40%  
Debt Investments [Member] | Health care providers & services [Member] | Guided Practice Solutions: Dental, LLC (GPS) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 16,381  
Interest Rate [1],[6] 11.71%  
Principal/ Par (in Dollars) [1],[6] $ 16,738  
Maturity Date [1],[6] Dec. 29, 2025  
Fair Value (in Dollars) [1],[6] $ 16,738  
Percentage of Net Assets [1],[6] 1.40%  
Investment Interest Rate [1],[6] 6.25%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured revolving loan [Member] | Brightview, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,707  
Interest Rate [1] 11.46%  
Principal/ Par (in Dollars) [1] $ 1,710  
Maturity Date [1] Dec. 14, 2026  
Fair Value (in Dollars) [1] $ 1,693  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured revolving loan [Member] | Guardian Dentistry Partners [Member] | Debt Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 10.96%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Aug. 20, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.50%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | Brightview, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 577  
Interest Rate [1] 11.46%  
Principal/ Par (in Dollars) [1] $ 581  
Maturity Date [1] Dec. 14, 2026  
Fair Value (in Dollars) [1] $ 575  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | Light Wave Dental Management LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 21,762  
Interest Rate [1] 12.33%  
Principal/ Par (in Dollars) [1] $ 22,310  
Maturity Date [1] Jun. 30, 2029  
Fair Value (in Dollars) [1] $ 22,366  
Percentage of Net Assets [1] 1.90%  
Investment Interest Rate [1] 7.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | Guardian Dentistry Partners [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 5,834  
Interest Rate [1],[6] 10.96%  
Principal/ Par (in Dollars) [1],[6] $ 5,945  
Maturity Date [1],[6] Aug. 20, 2026  
Fair Value (in Dollars) [1],[6] $ 5,945  
Percentage of Net Assets [1],[6] 0.50%  
Investment Interest Rate [1],[6] 5.50%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | MVP VIP Borrower, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 19,133  
Interest Rate [1],[6] 11.83%  
Principal/ Par (in Dollars) [1],[6] $ 19,578  
Maturity Date [1],[6] Jan. 03, 2029  
Fair Value (in Dollars) [1],[6] $ 19,676  
Percentage of Net Assets [1],[6] 1.70%  
Investment Interest Rate [1],[6] 6.50%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | Refocus Management Services, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 17,707  
Interest Rate [1],[6] 11.43%  
Principal/ Par (in Dollars) [1],[6] $ 18,313  
Maturity Date [1],[6] Feb. 14, 2029  
Fair Value (in Dollars) [1],[6] $ 18,313  
Percentage of Net Assets [1],[6] 1.60%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 11,647  
Interest Rate [1],[6] 11.56%  
Principal/ Par (in Dollars) [1],[6] $ 11,767  
Maturity Date [1],[6] Dec. 30, 2026  
Fair Value (in Dollars) [1],[6] $ 11,767  
Percentage of Net Assets [1],[6] 1.00%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | Guardian Dentistry Partners [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 11,444  
Interest Rate [1] 10.96%  
Principal/ Par (in Dollars) [1] $ 11,651  
Maturity Date [1] Aug. 20, 2026  
Fair Value (in Dollars) [1] $ 11,651  
Percentage of Net Assets [1] 1.00%  
Investment Interest Rate [1] 5.50%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | MVP VIP Borrower, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,543  
Interest Rate [1] 11.85%  
Principal/ Par (in Dollars) [1] $ 1,579  
Maturity Date [1] Jan. 03, 2029  
Fair Value (in Dollars) [1] $ 1,587  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.50%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | Refocus Management Services, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.43%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Aug. 14, 2025  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | Salt Dental Collective [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 2,188  
Interest Rate [1],[6] 12.18%  
Principal/ Par (in Dollars) [1],[6] $ 2,228  
Maturity Date [1],[6] Feb. 15, 2028  
Fair Value (in Dollars) [1],[6] $ 2,228  
Percentage of Net Assets [1],[6] 0.20%  
Investment Interest Rate [1],[6] 6.75%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 10,845  
Interest Rate [1] 11.61%  
Principal/ Par (in Dollars) [1] $ 10,968  
Maturity Date [1] Dec. 30, 2026  
Fair Value (in Dollars) [1] $ 10,968  
Percentage of Net Assets [1] 0.90%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured loan One [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,571  
Interest Rate [1] 11.60%  
Principal/ Par (in Dollars) [1] $ 1,673  
Maturity Date [1] Nov. 30, 2026  
Fair Value (in Dollars) [1] $ 1,673  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured revolving loan [Member] | Refocus Management Services, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.43%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Feb. 14, 2029  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured revolving loan [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 665  
Interest Rate [1] 11.56%  
Principal/ Par (in Dollars) [1] $ 690  
Maturity Date [1] Dec. 30, 2026  
Fair Value (in Dollars) [1] $ 690  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | Brightview, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 12,793  
Interest Rate [1],[6] 11.46%  
Principal/ Par (in Dollars) [1],[6] $ 12,804  
Maturity Date [1],[6] Dec. 14, 2026  
Fair Value (in Dollars) [1],[6] $ 12,676  
Percentage of Net Assets [1],[6] 1.10%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | Light Wave Dental Management LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 3,214  
Interest Rate [1],[6] 12.33%  
Principal/ Par (in Dollars) [1],[6] $ 3,336  
Maturity Date [1],[6] Jun. 30, 2029  
Fair Value (in Dollars) [1],[6] $ 3,345  
Percentage of Net Assets [1],[6] 0.30%  
Investment Interest Rate [1],[6] 7.00%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan One [Member] | Guardian Dentistry Partners [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 4,518  
Interest Rate [1] 10.96%  
Principal/ Par (in Dollars) [1] $ 4,545  
Maturity Date [1] Aug. 20, 2026  
Fair Value (in Dollars) [1] $ 4,545  
Percentage of Net Assets [1] 0.40%  
Investment Interest Rate [1] 5.50%  
Debt Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan One [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.61%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Dec. 31, 2024  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Healthcare Equipment & Supplies [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [2],[3],[4] $ 28,826  
Principal/ Par (in Dollars) [4] 29,465  
Fair Value (in Dollars) [4] $ 29,284  
Percentage of Net Assets [4] 2.50%  
Debt Investments [Member] | Healthcare Equipment & Supplies [Member] | First lien senior secured loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 18,747  
Interest Rate [1],[6] 12.44%  
Principal/ Par (in Dollars) [1],[6] $ 19,430  
Maturity Date [1],[6] Nov. 03, 2027  
Fair Value (in Dollars) [1],[6] $ 19,236  
Percentage of Net Assets [1],[6] 1.60%  
Investment Interest Rate [1],[6] 7.00%  
Debt Investments [Member] | Healthcare Equipment & Supplies [Member] | First lien senior secured loan [Member] | Medline Brorrower LP [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,079  
Interest Rate [1],[6] 8.09%  
Principal/ Par (in Dollars) [1],[6] $ 10,035  
Maturity Date [1],[6] Oct. 23, 2028  
Fair Value (in Dollars) [1],[6] $ 10,048  
Percentage of Net Assets [1],[6] 0.90%  
Investment Interest Rate [1],[6] 2.75%  
Debt Investments [Member] | Healthcare Equipment & Supplies [Member] | First lien senior secured delayed draw loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 12.44%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Nov. 03, 2024  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 7.00%  
Debt Investments [Member] | Health care equipment & supplies [Member] | First lien senior secured revolving loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 12.44%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Nov. 03, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 7.00%  
Debt Investments [Member] | Hotels, restaurants & leisure [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 27,535  
Principal/ Par (in Dollars) [1] 27,491  
Fair Value (in Dollars) [1] $ 27,418  
Percentage of Net Assets [1] 2.30%  
Debt Investments [Member] | Hotels, restaurants & leisure [Member] | First lien senior secured loan [Member] | Inspire Brands [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,059  
Interest Rate [1],[6] 8.19%  
Principal/ Par (in Dollars) [1],[6] $ 10,035  
Maturity Date [1],[6] Dec. 15, 2027  
Fair Value (in Dollars) [1],[6] $ 10,024  
Percentage of Net Assets [1],[6] 0.80%  
Debt Investments [Member] | Hotels, restaurants & leisure [Member] | First lien senior secured loan [Member] | Inspire Brands [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 2.75%  
Debt Investments [Member] | Hotels, restaurants & leisure [Member] | First lien senior secured loan [Member] | Restaurant Brands (1011778 BC ULC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 17,476  
Interest Rate [1],[5],[6] 7.09%  
Principal/ Par (in Dollars) [1],[5],[6] $ 17,456  
Maturity Date [1],[5],[6] Sep. 23, 2030  
Fair Value (in Dollars) [1],[5],[6] $ 17,394  
Percentage of Net Assets [1],[5],[6] 1.50%  
Debt Investments [Member] | Hotels, restaurants & leisure [Member] | First lien senior secured loan [Member] | Restaurant Brands (1011778 BC ULC) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[5],[6] 1.75%  
Debt Investments [Member] | Household durables [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 20,044  
Principal/ Par (in Dollars) [1] 20,308  
Fair Value (in Dollars) [1] $ 20,258  
Percentage of Net Assets [1] 1.70%  
Debt Investments [Member] | Household durables [Member] | First lien senior secured revolving loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 10.68%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Dec. 21, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Debt Investments [Member] | Household durables [Member] | First lien senior secured revolving loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 5.25%  
Debt Investments [Member] | Household durables [Member] | First lien senior secured revolving loan [Member] | Spinrite, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 850  
Interest Rate [1] 10.84%  
Principal/ Par (in Dollars) [1] $ 850  
Maturity Date [1],[2],[3] Jun. 30, 2025  
Fair Value (in Dollars) [1] $ 850  
Percentage of Net Assets [1] 0.10%  
Debt Investments [Member] | Household durables [Member] | First lien senior secured revolving loan [Member] | Spinrite, Inc. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 5.50%  
Debt Investments [Member] | Household durables [Member] | First lien senior secured loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 16,113  
Interest Rate [1],[6] 10.68%  
Principal/ Par (in Dollars) [1],[6] $ 16,377  
Maturity Date [1],[6] Dec. 21, 2027  
Fair Value (in Dollars) [1],[6] $ 16,336  
Percentage of Net Assets [1],[6] 1.40%  
Debt Investments [Member] | Household durables [Member] | First lien senior secured loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 5.25%  
Debt Investments [Member] | Household durables [Member] | First lien senior secured loan [Member] | Spinrite, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 5,145  
Interest Rate [1],[5],[6] 10.84%  
Principal/ Par (in Dollars) [1],[5],[6] $ 5,145  
Maturity Date [1],[2],[3],[5],[6] Jun. 30, 2025  
Fair Value (in Dollars) [1],[5],[6] $ 5,145  
Percentage of Net Assets [1],[5],[6] 0.40%  
Debt Investments [Member] | Household durables [Member] | First lien senior secured loan [Member] | Spinrite, Inc. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[5],[6] 5.50%  
Debt Investments [Member] | Household products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 16,137  
Principal/ Par (in Dollars) [1] 16,318  
Fair Value (in Dollars) [1] $ 16,318  
Percentage of Net Assets [1] 1.40%  
Debt Investments [Member] | Household products [Member] | First lien senior secured revolving loan [Member] | Home Brands Group Holdings, Inc. (ReBath) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 10.19%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Nov. 08, 2026  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Debt Investments [Member] | Household products [Member] | First lien senior secured revolving loan [Member] | Home Brands Group Holdings, Inc. (ReBath) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 4.75%  
Debt Investments [Member] | Household products [Member] | First lien senior secured loan [Member] | Home Brands Group Holdings, Inc. (ReBath) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 16,137  
Interest Rate [1],[6] 10.19%  
Principal/ Par (in Dollars) [1],[6] $ 16,318  
Maturity Date [1],[6] Nov. 08, 2026  
Fair Value (in Dollars) [1],[6] $ 16,318  
Percentage of Net Assets [1],[6] 1.40%  
Debt Investments [Member] | Household products [Member] | First lien senior secured loan [Member] | Home Brands Group Holdings, Inc. (ReBath) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 4.75%  
Debt Investments [Member] | Insurance [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 38,758  
Principal/ Par (in Dollars) [1] 39,182  
Fair Value (in Dollars) [1] $ 39,022  
Percentage of Net Assets [1] 3.30%  
Debt Investments [Member] | Insurance [Member] | First lien senior secured loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 7,534  
Interest Rate [1],[6] 11.44%  
Principal/ Par (in Dollars) [1],[6] $ 7,678  
Maturity Date [1],[6] Jul. 07, 2027  
Fair Value (in Dollars) [1],[6] $ 7,639  
Percentage of Net Assets [1],[6] 0.70%  
Debt Investments [Member] | Insurance [Member] | First lien senior secured loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Insurance [Member] | First lien senior secured loan [Member] | AmWINS Group Inc [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,024  
Interest Rate [1],[6] 7.71%  
Principal/ Par (in Dollars) [1],[6] $ 10,008  
Maturity Date [1],[6] Feb. 19, 2028  
Fair Value (in Dollars) [1],[6] $ 9,995  
Percentage of Net Assets [1],[6] 0.80%  
Debt Investments [Member] | Insurance [Member] | First lien senior secured loan [Member] | AmWINS Group Inc [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 2.25%  
Debt Investments [Member] | Insurance [Member] | First lien senior secured revolving loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.44%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Jul. 07, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Debt Investments [Member] | Insurance [Member] | First lien senior secured revolving loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Insurance [Member] | First lien senior secured delayed draw loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 21,200  
Interest Rate [1] 11.44%  
Principal/ Par (in Dollars) [1] $ 21,496  
Maturity Date [1] Jul. 07, 2027  
Fair Value (in Dollars) [1] $ 21,388  
Percentage of Net Assets [1] 1.80%  
Debt Investments [Member] | Insurance [Member] | First lien senior secured delayed draw loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | IT services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 51,458  
Principal/ Par (in Dollars) [1] 52,190  
Fair Value (in Dollars) [1] $ 52,032  
Percentage of Net Assets [1] 4.40%  
Debt Investments [Member] | IT services [Member] | First lien senior secured revolving loan [Member] | Improving Acquisition LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.93%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Jul. 26, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Debt Investments [Member] | IT services [Member] | First lien senior secured revolving loan [Member] | Improving Acquisition LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.50%  
Debt Investments [Member] | IT services [Member] | First lien senior secured loan [Member] | Domain Information Services Inc. (Integris) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 20,058  
Interest Rate [1],[6] 11.20%  
Principal/ Par (in Dollars) [1],[6] $ 20,340  
Maturity Date [1],[6] Jun. 30, 2026  
Fair Value (in Dollars) [1],[6] $ 20,339  
Percentage of Net Assets [1],[6] 1.70%  
Debt Investments [Member] | IT services [Member] | First lien senior secured loan [Member] | Domain Information Services Inc. (Integris) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 5.75%  
Debt Investments [Member] | IT services [Member] | First lien senior secured loan [Member] | Improving Acquisition LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 31,048  
Interest Rate [1],[6] 11.94%  
Principal/ Par (in Dollars) [1],[6] $ 31,491  
Maturity Date [1],[6] Jul. 26, 2027  
Fair Value (in Dollars) [1],[6] $ 31,334  
Percentage of Net Assets [1],[6] 2.70%  
Debt Investments [Member] | IT services [Member] | First lien senior secured loan [Member] | Improving Acquisition LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.50%  
Debt Investments [Member] | IT services [Member] | First lien senior secured loan One [Member] | Domain Information Services Inc. (Integris) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 352  
Interest Rate [1] 11.24%  
Principal/ Par (in Dollars) [1] $ 359  
Maturity Date [1] Jun. 30, 2026  
Fair Value (in Dollars) [1] $ 359  
Percentage of Net Assets [1] 0.00%  
Debt Investments [Member] | IT services [Member] | First lien senior secured loan One [Member] | Domain Information Services Inc. (Integris) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 5.75%  
Debt Investments [Member] | Leisure products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 75,528  
Principal/ Par (in Dollars) [1] 76,506  
Fair Value (in Dollars) [1] $ 73,527  
Percentage of Net Assets [1] 6.20%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 580  
Interest Rate [1],[6] 12.60%  
Principal/ Par (in Dollars) [1],[6] $ 599  
Maturity Date [1],[6] Apr. 22, 2026  
Fair Value (in Dollars) [1],[6] $ 587  
Percentage of Net Assets [1],[6] 0.00%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 7.00%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | Pixel Intermediate, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 4,246  
Interest Rate [1] 11.59%  
Principal/ Par (in Dollars) [1] $ 4,394  
Maturity Date [1] Feb. 01, 2029  
Fair Value (in Dollars) [1] $ 4,394  
Percentage of Net Assets [1] 0.40%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | Pixel Intermediate, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.25%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | Trademark Global LLC One [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,652  
Principal/ Par (in Dollars) [1] $ 2,654  
Maturity Date [1] Jul. 30, 2024  
Fair Value (in Dollars) [1] $ 2,163  
Percentage of Net Assets [1] 0.20%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.11%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Jun. 14, 2027
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 13,645  
Interest Rate [1],[6] 11.10%  
Principal/ Par (in Dollars) [1],[6] $ 13,766  
Maturity Date [1],[6] Dec. 14, 2027  
Fair Value (in Dollars) [1],[6] $ 13,766  
Percentage of Net Assets [1],[6] 1.20%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 5.50%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 8,163  
Interest Rate [1],[6] 12.60%  
Principal/ Par (in Dollars) [1],[6] $ 8,212  
Maturity Date [1],[6] Apr. 22, 2026  
Fair Value (in Dollars) [1],[6] $ 8,047  
Percentage of Net Assets [1],[6] 0.70%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 0.50%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | Pixel Intermediate, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 20,337  
Interest Rate [1],[5],[6] 11.56%  
Principal/ Par (in Dollars) [1],[5],[6] $ 20,828  
Maturity Date [1],[5],[6] Feb. 01, 2029  
Fair Value (in Dollars) [1],[5],[6] $ 20,828  
Percentage of Net Assets [1],[5],[6] 1.80%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | Pixel Intermediate, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[5],[6] 6.25%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | Trademark Global LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6],[8],[10] $ 11,900  
Principal/ Par (in Dollars) [1],[6],[8],[10] $ 11,903  
Maturity Date [1],[6],[8],[10] Jul. 30, 2024  
Fair Value (in Dollars) [1],[6],[8],[10] $ 9,701  
Percentage of Net Assets [1],[6],[8],[10] 0.80%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | VENUplus, Inc. (f/k/a CTM Group, Inc.) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 4,321  
Interest Rate [1],[6] 12.25%  
Principal/ Par (in Dollars) [1],[6] $ 4,398  
Maturity Date [1],[6] Nov. 30, 2026  
Fair Value (in Dollars) [1],[6] $ 4,354  
Percentage of Net Assets [1],[6] 0.30%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | VENUplus, Inc. (f/k/a CTM Group, Inc.) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.75%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured delayed draw loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3,222  
Interest Rate [1] 12.60%  
Principal/ Par (in Dollars) [1] $ 3,260  
Maturity Date [1] Apr. 22, 2026  
Fair Value (in Dollars) [1] $ 3,195  
Percentage of Net Assets [1] 0.30%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured delayed draw loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 0.50%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.10%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Jun. 14, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 5.50%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured delayed draw loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 467  
Interest Rate [1] 11.10%  
Principal/ Par (in Dollars) [1] $ 497  
Maturity Date [1] Dec. 14, 2027  
Fair Value (in Dollars) [1] $ 497  
Percentage of Net Assets [1] 0.00%  
Debt Investments [Member] | Leisure products [Member] | First lien senior secured delayed draw loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 5.50%  
Debt Investments [Member] | Machinery [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 57,473  
Principal/ Par (in Dollars) [1] 58,241  
Fair Value (in Dollars) [1] $ 58,241  
Percentage of Net Assets [1] 4.90%  
Debt Investments [Member] | Machinery [Member] | First lien senior secured loan [Member] | Eppinger Technologies, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 24,507  
Interest Rate [1],[5],[6] 13.98%  
Principal/ Par (in Dollars) [1],[5],[6] $ 24,846  
Maturity Date [1],[5],[6] Feb. 04, 2026  
Fair Value (in Dollars) [1],[5],[6] $ 24,846  
Percentage of Net Assets [1],[5],[6] 2.10%  
Investment Interest Rate [1],[5],[6] 0.75%  
Debt Investments [Member] | Machinery [Member] | First lien senior secured loan [Member] | PVI Holdings, Inc [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 23,512  
Interest Rate [1],[6] 11.82%  
Principal/ Par (in Dollars) [1],[6] $ 23,774  
Maturity Date [1],[6] Jan. 18, 2028  
Fair Value (in Dollars) [1],[6] $ 23,774  
Percentage of Net Assets [1],[6] 2.00%  
Investment Interest Rate [1],[6] 6.39%  
Debt Investments [Member] | Machinery [Member] | First lien senior secured revolving loan [Member] | Eppinger Technologies, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,033  
Interest Rate [1] 13.00%  
Principal/ Par (in Dollars) [1] $ 1,066  
Maturity Date [1] Feb. 04, 2026  
Fair Value (in Dollars) [1] $ 1,066  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 0.75%  
Debt Investments [Member] | Media [Member] | First lien senior secured loan [Member] | Directv Financing LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 16,227  
Interest Rate [1],[6] 10.46%  
Principal/ Par (in Dollars) [1],[6] $ 16,154  
Maturity Date [1],[6] Aug. 02, 2027  
Fair Value (in Dollars) [1],[6] $ 16,170  
Percentage of Net Assets [1],[6] 1.40%  
Investment Interest Rate [1],[6] 5.00%  
Debt Investments [Member] | Personal care products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 72,669  
Principal/ Par (in Dollars) [1] 74,561  
Fair Value (in Dollars) [1] $ 74,561  
Percentage of Net Assets [1] 6.30%  
Debt Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | DRS Holdings III, Inc. (Dr. Scholl's) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,884  
Interest Rate [1],[6] 11.69%  
Principal/ Par (in Dollars) [1],[6] $ 10,920  
Maturity Date [1],[6] Nov. 01, 2025  
Fair Value (in Dollars) [1],[6] $ 10,920  
Percentage of Net Assets [1],[6] 0.90%  
Investment Interest Rate [1],[6] 6.25%  
Debt Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | PH Beauty Holdings III, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,416  
Interest Rate [1],[6] 10.72%  
Principal/ Par (in Dollars) [1],[6] $ 10,540  
Maturity Date [1],[6] Sep. 25, 2025  
Fair Value (in Dollars) [1],[6] $ 10,540  
Percentage of Net Assets [1],[6] 0.90%  
Investment Interest Rate [1],[6] 5.00%  
Debt Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | Silk Holdings I I I Corp Suave [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 31,648  
Interest Rate [1],[6] 10.76%  
Principal/ Par (in Dollars) [1],[6] $ 32,773  
Maturity Date [1],[6] May 01, 2029  
Fair Value (in Dollars) [1],[6] $ 32,773  
Percentage of Net Assets [1],[6] 2.80%  
Investment Interest Rate [1],[6] 5.50%  
Debt Investments [Member] | Personal care products [Member] | First lien senior secured revolving loan [Member] | DRS Holdings III, Inc. (Dr. Scholl's) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.69%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Nov. 01, 2025  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.25%  
Debt Investments [Member] | Personal care products [Member] | First lien senior secured revolving loan [Member] | Silk Holdings I I I Corp Suave [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 8,037  
Interest Rate [1] 9.26%  
Principal/ Par (in Dollars) [1] $ 8,333  
Maturity Date [1] May 01, 2029  
Fair Value (in Dollars) [1] $ 8,333  
Percentage of Net Assets [1] 0.70%  
Investment Interest Rate [1] 4.00%  
Debt Investments [Member] | Pharmaceuticals [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 36,612  
Principal/ Par (in Dollars) [1] 36,550  
Fair Value (in Dollars) [1] $ 36,617  
Percentage of Net Assets [1] 3.10%  
Debt Investments [Member] | Pharmaceuticals [Member] | First lien senior secured revolving loan [Member] | Foundation Consumer Brands [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.73%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Feb. 12, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.25%  
Debt Investments [Member] | Pharmaceuticals [Member] | First lien senior secured loan [Member] | Foundation Consumer Brands [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 6,680  
Interest Rate [1],[6] 11.73%  
Principal/ Par (in Dollars) [1],[6] $ 6,710  
Maturity Date [1],[6] Feb. 12, 2027  
Fair Value (in Dollars) [1],[6] $ 6,777  
Percentage of Net Assets [1],[6] 0.60%  
Investment Interest Rate [1],[6] 6.25%  
Debt Investments [Member] | Pharmaceuticals [Member] | First lien senior secured loan [Member] | Jazz Pharmaceuticals [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 17,523  
Interest Rate [1],[5],[6] 8.46%  
Principal/ Par (in Dollars) [1],[5],[6] $ 17,400  
Maturity Date [1],[5],[6] May 05, 2028  
Fair Value (in Dollars) [1],[5],[6] $ 17,400  
Percentage of Net Assets [1],[5],[6] 1.50%  
Investment Interest Rate [1],[5],[6] 3.00%  
Debt Investments [Member] | Pharmaceuticals [Member] | First lien senior secured loan [Member] | Organon & Co [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 12,409  
Interest Rate [1],[5],[6] 7.83%  
Principal/ Par (in Dollars) [1],[5],[6] $ 12,440  
Maturity Date [1],[5],[6] May 17, 2031  
Fair Value (in Dollars) [1],[5],[6] $ 12,440  
Percentage of Net Assets [1],[5],[6] 1.00%  
Investment Interest Rate [1],[5],[6] 2.50%  
Debt Investments [Member] | Professional services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[4] $ 91,993  
Principal/ Par (in Dollars) [1],[4] 94,137  
Fair Value (in Dollars) [1],[4] $ 94,016  
Percentage of Net Assets [1],[4] 8.00%  
Debt Investments [Member] | Professional services [Member] | First lien senior secured revolving loan [Member] | Envirotech Services, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.33%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Jan. 18, 2029  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | 4 Over International, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 18,564  
Interest Rate [1] 12.44%  
Principal/ Par (in Dollars) [1],[6] $ 19,145  
Maturity Date [1],[6] Dec. 07, 2026  
Fair Value (in Dollars) [1],[6] $ 19,024  
Percentage of Net Assets [1],[6] 1.60%  
Investment Interest Rate [1] 7.00%  
Debt Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | Dun & Bradstreet Corp [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,047  
Interest Rate [1],[6] 8.10%  
Principal/ Par (in Dollars) [1],[6] $ 10,035  
Maturity Date [1],[6] Jan. 18, 2029  
Fair Value (in Dollars) [1],[6] $ 10,035  
Percentage of Net Assets [1],[6] 0.90%  
Investment Interest Rate [1],[6] 2.75%  
Debt Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | Envirotech Services, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 32,379  
Interest Rate [1],[6] 11.33%  
Principal/ Par (in Dollars) [1],[6] $ 33,213  
Maturity Date [1],[6] Jan. 18, 2029  
Fair Value (in Dollars) [1],[6] $ 33,213  
Percentage of Net Assets [1],[6] 2.80%  
Investment Interest Rate [1],[6] 6.00%  
Debt Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,299  
Interest Rate [1] 10.35%  
Principal/ Par (in Dollars) [1] $ 1,317  
Maturity Date [1] Sep. 09, 2028  
Fair Value (in Dollars) [1] $ 1,317  
Percentage of Net Assets [1] 0.10%  
Investment Interest Rate [1] 5.00%  
Debt Investments [Member] | Professional services [Member] | First lien senior secured delayed draw loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 8,140  
Interest Rate [1],[6] 10.35%  
Principal/ Par (in Dollars) [1],[6] $ 8,362  
Maturity Date [1],[6] Sep. 09, 2028  
Fair Value (in Dollars) [1],[6] $ 8,362  
Percentage of Net Assets [1],[6] 0.70%  
Investment Interest Rate [1],[6] 5.00%  
Debt Investments [Member] | Professional services [Member] | First lien senior secured loan One [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 21,564  
Interest Rate [1] 10.35%  
Principal/ Par (in Dollars) [1] $ 22,065  
Maturity Date [1] Sep. 09, 2028  
Fair Value (in Dollars) [1] $ 22,065  
Percentage of Net Assets [1] 1.90%  
Investment Interest Rate [1] 5.00%  
Debt Investments [Member] | Professional services [Member] | First lien senior secured revolving loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 10.35%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Sep. 09, 2028  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 5.00%  
Debt Investments [Member] | Semiconductors & semiconductor equipment [Member] | First lien senior secured revolving loan [Member] | MKS Instruments [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[5],[6] $ 11,951  
Interest Rate [1],[5],[6] 7.83%  
Principal/ Par (in Dollars) [1],[5],[6] $ 11,908  
Maturity Date [1],[5],[6] Aug. 17, 2029  
Fair Value (in Dollars) [1],[5],[6] $ 11,906  
Percentage of Net Assets [1],[5],[6] 1.00%  
Debt Investments [Member] | Semiconductors & semiconductor equipment [Member] | First lien senior secured revolving loan [Member] | MKS Instruments [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[5],[6] 2.50%  
Debt Investments [Member] | Software [Member] | First lien senior secured loan [Member] | AIDC Intermediate Co 2, LLC (Peak Technologies) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 33,684  
Interest Rate [1],[6] 11.72%  
Principal/ Par (in Dollars) [1],[6] $ 34,475  
Maturity Date [1],[6] Jul. 22, 2027  
Fair Value (in Dollars) [1],[6] $ 34,475  
Percentage of Net Assets [1],[6] 2.90%  
Debt Investments [Member] | Software [Member] | First lien senior secured loan [Member] | AIDC Intermediate Co 2, LLC (Peak Technologies) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.25%  
Debt Investments [Member] | Specialty retail [Member] | First lien senior secured loan [Member] | Great Outdoors Group, LLC [Member] | Specialty retail [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 17,457  
Interest Rate [1],[6] 9.21%  
Principal/ Par (in Dollars) [1],[6] $ 17,410  
Maturity Date [1],[6] Mar. 06, 2028  
Fair Value (in Dollars) [1],[6] $ 17,382  
Percentage of Net Assets [1],[6] 1.50%  
Debt Investments [Member] | Specialty retail [Member] | First lien senior secured loan [Member] | Great Outdoors Group, LLC [Member] | Specialty retail [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 3.75%  
Debt Investments [Member] | Specialty retail [Member] | First lien senior secured delayed draw loan [Member] | Sundance Holdings Group, LLC One [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3  
Interest Rate [1] 14.98%  
Principal/ Par (in Dollars) [1] $ 4  
Maturity Date [1] Jun. 30, 2025  
Fair Value (in Dollars) [1] $ 5  
Percentage of Net Assets [1] 0.00%  
Investment Interest Rate [1] 0.00%  
Debt Investments [Member] | Specialty retail [Member] | First lien senior secured delayed draw loan [Member] | Sundance Holdings Group, LLC One [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 9.50%  
Debt Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3,017  
Interest Rate [1] 11.43%  
Principal/ Par (in Dollars) [1] $ 3,076  
Maturity Date [1] Nov. 01, 2027  
Fair Value (in Dollars) [1] $ 3,076  
Percentage of Net Assets [1] 0.30%  
Debt Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Debt Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.43%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Nov. 01, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Debt Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Curio Brands, LLC [Member] | Household durables [Member] | First lien senior secured delayed draw loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3,931  
Interest Rate [1] 10.68%  
Principal/ Par (in Dollars) [1] $ 3,931  
Maturity Date [1] Dec. 21, 2027  
Fair Value (in Dollars) [1] $ 3,922  
Percentage of Net Assets [1] 0.30%  
Curio Brands, LLC [Member] | Household durables [Member] | First lien senior secured delayed draw loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 5.25%  
Private Credit Investments [Member] | Aerospace & defense [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[6],[12],[13]   $ 83,963
Principal/ Par (in Dollars) [4],[6],[12]   85,748
Fair Value (in Dollars) [4],[6],[12]   $ 85,837
Percentage of Net Assets [4],[6],[12]   12.60%
Private Credit Investments [Member] | Aerospace & defense [Member] | First lien senior secured revolving loan [Member] | Basel U.S. Acquisition Co., Inc. (IAC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13],[14]  
Interest Rate   11.51%
Principal/ Par (in Dollars) [6],[12],[14]  
Maturity Date [6],[12],[14]   Dec. 05, 2028
Fair Value (in Dollars) [6],[12],[14]  
Percentage of Net Assets [6],[12],[14]   0.00%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Basel U.S. Acquisition Co., Inc. (IAC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 18,066
Interest Rate   11.51%
Principal/ Par (in Dollars) [6],[12]   $ 18,494
Maturity Date [6],[12]   Dec. 05, 2028
Fair Value (in Dollars) [6],[12]   $ 18,679
Percentage of Net Assets [6],[12]   2.70%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Fastener Distribution Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 20,090
Interest Rate   12.00%
Principal/ Par (in Dollars) [6],[12]   $ 20,494
Maturity Date [6],[12]   Oct. 01, 2025
Fair Value (in Dollars) [6],[12]   $ 20,494
Percentage of Net Assets [6],[12]   3.00%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Precinmac (US) Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 5,281
Interest Rate   11.46%
Principal/ Par (in Dollars) [6],[12]   $ 5,352
Maturity Date [6],[12]   Aug. 31, 2027
Fair Value (in Dollars) [6],[12]   $ 5,272
Percentage of Net Assets [6],[12]   0.80%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Aerospace & defense [Member] | First lien senior secured loan [Member] | Vitesse Systems Parent, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 30,430
Interest Rate   12.63%
Principal/ Par (in Dollars) [6],[12]   $ 31,208
Maturity Date [6],[12]   Dec. 22, 2028
Fair Value (in Dollars) [6],[12]   $ 31,208
Percentage of Net Assets [6],[12]   4.60%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Aerospace & defense [Member] | First lien senior secured delayed draw loan [Member] | Precinmac (US) Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 1,087
Interest Rate   11.46%
Principal/ Par (in Dollars) [6],[12]   $ 1,102
Maturity Date [6],[12]   Aug. 31, 2027
Fair Value (in Dollars) [6],[12]   $ 1,086
Percentage of Net Assets [6],[12]   0.20%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Aerospace & defense [Member] | First lien senior secured delayed draw loan [Member] | Fastener Distribution Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 9,009
Interest Rate   12.00%
Principal/ Par (in Dollars) [6],[12]   $ 9,098
Maturity Date [6],[12]   Oct. 01, 2025
Fair Value (in Dollars) [6],[12]   $ 9,098
Percentage of Net Assets [6],[12]   1.30%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Automobile components [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[6],[12],[13]   $ 26,960
Principal/ Par (in Dollars) [4],[6],[12]   27,294
Fair Value (in Dollars) [4],[6],[12]   $ 27,263
Percentage of Net Assets [4],[6],[12]   4.00%
Private Credit Investments [Member] | Automobile components [Member] | First lien senior secured revolving loan [Member] | Vehicle Accessories, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]  
Interest Rate   10.72%
Principal/ Par (in Dollars) [6],[12]  
Maturity Date [6],[12]   Nov. 30, 2026
Fair Value (in Dollars) [6],[12]  
Percentage of Net Assets [6],[12]   0.00%
Investment Interest Rate   5.25%
Private Credit Investments [Member] | Automobile components [Member] | First lien senior secured loan [Member] | Speedstar Holding LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 5,925
Interest Rate   12.79%
Principal/ Par (in Dollars) [6],[12]   $ 6,012
Maturity Date [6],[12]   Jan. 22, 2027
Fair Value (in Dollars) [6],[12]   $ 5,982
Percentage of Net Assets [6],[12]   0.90%
Investment Interest Rate   7.25%
Private Credit Investments [Member] | Automobile components [Member] | First lien senior secured loan [Member] | Vehicle Accessories, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 20,770
Interest Rate   10.72%
Principal/ Par (in Dollars) [6],[12]   $ 21,011
Maturity Date [6],[12]   Nov. 30, 2026
Fair Value (in Dollars) [6],[12]   $ 21,011
Percentage of Net Assets [6],[12]   3.10%
Investment Interest Rate   5.25%
Private Credit Investments [Member] | Automobile components [Member] | First lien senior secured delayed draw loan [Member] | Speedstar Holding LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 265
Interest Rate   12.78%
Principal/ Par (in Dollars) [6],[12]   $ 271
Maturity Date [6],[12]   Jan. 22, 2027
Fair Value (in Dollars) [6],[12]   $ 270
Percentage of Net Assets [6],[12]   0.00%
Investment Interest Rate   7.25%
Private Credit Investments [Member] | Biotechnology [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[6],[12],[13]   $ 11,197
Principal/ Par (in Dollars) [4],[6],[12]   11,618
Fair Value (in Dollars) [4],[6],[12]   $ 11,850
Percentage of Net Assets [4],[6],[12]   1.70%
Private Credit Investments [Member] | Biotechnology [Member] | First lien senior secured revolving loan [Member] | Alcami Corporation (Alcami) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]  
Interest Rate   12.46%
Principal/ Par (in Dollars) [6],[12]  
Maturity Date [6],[12]   Dec. 21, 2028
Fair Value (in Dollars) [6],[12]  
Percentage of Net Assets [6],[12]   0.00%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Biotechnology [Member] | First lien senior secured loan [Member] | Alcami Corporation (Alcami) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 11,197
Interest Rate   12.46%
Principal/ Par (in Dollars) [6],[12]   $ 11,618
Maturity Date [6],[12]   Dec. 21, 2028
Fair Value (in Dollars) [6],[12]   $ 11,850
Percentage of Net Assets [6],[12]   1.70%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Biotechnology [Member] | First lien senior secured delayed draw loan [Member] | Alcami Corporation (Alcami) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]  
Interest Rate   12.46%
Principal/ Par (in Dollars) [6],[12]  
Maturity Date [6],[12]   Jun. 30, 2024
Fair Value (in Dollars) [6],[12]  
Percentage of Net Assets [6],[12]   0.00%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Building products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[6],[12],[13]   $ 27,149
Principal/ Par (in Dollars) [4],[6],[12]   27,825
Fair Value (in Dollars) [4],[6],[12]   $ 27,620
Percentage of Net Assets [4],[6],[12]   4.00%
Private Credit Investments [Member] | Building products [Member] | First lien senior secured revolving loan [Member] | Eastern Wholesale Fence [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 364
Interest Rate   13.50%
Principal/ Par (in Dollars) [6],[12]   $ 368
Maturity Date [6],[12]   Oct. 30, 2025
Fair Value (in Dollars) [6],[12]   $ 365
Percentage of Net Assets [6],[12]   0.00%
Investment Interest Rate   8.00%
Private Credit Investments [Member] | Building products [Member] | First lien senior secured loan [Member] | Ruff Roofers Buyer, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 6,910
Interest Rate   11.08%
Principal/ Par (in Dollars) [6],[12]   $ 7,186
Maturity Date [6],[12]   Nov. 19, 2029
Fair Value (in Dollars) [6],[12]   $ 7,186
Percentage of Net Assets [6],[12]   1.10%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Building products [Member] | First lien senior secured loan [Member] | Eastern Wholesale Fence [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 19,875
Interest Rate   13.50%
Principal/ Par (in Dollars) [6],[12]   $ 20,271
Maturity Date [6],[12]   Oct. 30, 2025
Fair Value (in Dollars) [6],[12]   $ 20,069
Percentage of Net Assets [6],[12]   2.90%
Investment Interest Rate   8.00%
Private Credit Investments [Member] | Building products [Member] | First lien senior secured revolving loan [Member] | Ruff Roofers Buyer, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]  
Interest Rate   11.08%
Principal/ Par (in Dollars) [6],[12]  
Maturity Date [6],[12]   Nov. 19, 2029
Fair Value (in Dollars) [6],[12]  
Percentage of Net Assets [6],[12]   0.00%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Building products [Member] | First lien senior secured delayed draw loan [Member] | Ruff Roofers Buyer, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]  
Interest Rate   11.08%
Principal/ Par (in Dollars) [6],[12]  
Maturity Date [6],[12]   Nov. 17, 2024
Fair Value (in Dollars) [6],[12]  
Percentage of Net Assets [6],[12]   0.00%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Building products [Member] | First lien senior secured delayed draw loan One [Member] | Ruff Roofers Buyer, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[13]  
Interest Rate   11.08%
Principal/ Par (in Dollars) [6]  
Maturity Date [6]   Nov. 17, 2025
Fair Value (in Dollars) [6]  
Percentage of Net Assets [6]   0.00%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Capital Markets [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[6],[12],[13]   $ 8,291
Principal/ Par (in Dollars) [4],[6],[12]   8,305
Fair Value (in Dollars) [4],[6],[12]   $ 8,305
Percentage of Net Assets [4],[6],[12]   1.20%
Private Credit Investments [Member] | Capital Markets [Member] | First lien senior secured loan [Member] | Atria Wealth Solutions, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 5,080
Interest Rate   11.97%
Principal/ Par (in Dollars) [6],[12]   $ 5,087
Maturity Date [6],[12]   May 31, 2024
Fair Value (in Dollars) [6],[12]   $ 5,087
Percentage of Net Assets [6],[12]   0.70%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Capital Markets [Member] | First lien senior secured delayed draw loan [Member] | Atria Wealth Solutions, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 3,211
Interest Rate   11.97%
Principal/ Par (in Dollars) [6],[12]   $ 3,218
Maturity Date [6],[12]   May 31, 2024
Fair Value (in Dollars) [6],[12]   $ 3,218
Percentage of Net Assets [6],[12]   0.50%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Chemicals [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[6],[12],[13]   $ 41,681
Principal/ Par (in Dollars) [4],[6],[12]   42,135
Fair Value (in Dollars) [4],[6],[12]   $ 42,045
Percentage of Net Assets [4],[6],[12]   6.20%
Private Credit Investments [Member] | Chemicals [Member] | First lien senior secured revolving loan [Member] | Fralock Buyer LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 449
Interest Rate   11.61%
Principal/ Par (in Dollars) [6],[12]   $ 449
Maturity Date [6],[12]   Apr. 17, 2024
Fair Value (in Dollars) [6],[12]   $ 446
Percentage of Net Assets [6],[12]   0.10%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Chemicals [Member] | First lien senior secured revolving loan [Member] | USALCO, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 1,021
Interest Rate   11.47%
Principal/ Par (in Dollars) [6],[12]   $ 1,049
Maturity Date [6],[12]   Oct. 19, 2026
Fair Value (in Dollars) [6],[12]   $ 1,049
Percentage of Net Assets [6],[12]   0.10%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Chemicals [Member] | First lien senior secured loan [Member] | Fralock Buyer LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 11,628
Interest Rate   11.61%
Principal/ Par (in Dollars) [6],[12]   $ 11,654
Maturity Date [6],[12]   Apr. 17, 2024
Fair Value (in Dollars) [6],[12]   $ 11,567
Percentage of Net Assets [6],[12]   1.70%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Chemicals [Member] | First lien senior secured loan [Member] | USALCO, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 18,684
Interest Rate   11.61%
Principal/ Par (in Dollars) [6],[12]   $ 18,989
Maturity Date [6],[12]   Oct. 19, 2027
Fair Value (in Dollars) [6],[12]   $ 18,989
Percentage of Net Assets [6],[12]   2.80%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Chemicals [Member] | First lien senior secured loan [Member] | Shrieve Chemical Company, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 8,628
Interest Rate   11.90%
Principal/ Par (in Dollars) [6],[12]   $ 8,720
Maturity Date [6],[12]   Dec. 02, 2024
Fair Value (in Dollars) [6],[12]   $ 8,720
Percentage of Net Assets [6],[12]   1.30%
Investment Interest Rate   6.38%
Private Credit Investments [Member] | Chemicals [Member] | First lien senior secured loan [Member] | FAR Technologies Holdings, Inc.(f/k/a Cyalume Technologies Holdings, Inc.) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 1,271
Interest Rate   10.61%
Principal/ Par (in Dollars) [6],[12]   $ 1,274
Maturity Date [6],[12]   Aug. 30, 2024
Fair Value (in Dollars) [6],[12]   $ 1,274
Percentage of Net Assets [6],[12]   0.20%
Investment Interest Rate   5.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 115,924
Principal/ Par (in Dollars) [4],[12]   117,686
Fair Value (in Dollars) [4],[12]   $ 117,485
Percentage of Net Assets [4],[12]   17.20%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | Allentown, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 234
Interest Rate   13.50%
Principal/ Par (in Dollars) [6],[12]   $ 235
Maturity Date [6],[12]   Apr. 22, 2027
Fair Value (in Dollars) [6],[12]   $ 235
Percentage of Net Assets [6],[12]   0.00%
Investment Interest Rate   5.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,672
Interest Rate   11.74%
Principal/ Par (in Dollars) [12]   $ 2,736
Maturity Date [12]   Nov. 05, 2026
Fair Value (in Dollars) [12]   $ 2,723
Percentage of Net Assets [12]   0.40%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | Arborworks Acquisition LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,253
Principal/ Par (in Dollars) [12]   $ 1,253
Maturity Date [12]   Nov. 06, 2028
Fair Value (in Dollars) [12]   $ 1,253
Percentage of Net Assets [12]   0.20%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | BLP Buyer, Inc. (Bishop Lifting Products) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 196
Interest Rate   11.11%
Principal/ Par (in Dollars) [12]   $ 273
Maturity Date [12]   Dec. 22, 2029
Fair Value (in Dollars) [12]   $ 273
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | Gusmer Enterprises, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   12.47%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   May 07, 2027
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | Regiment Security Partners LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,427
Interest Rate   13.52%
Principal/ Par (in Dollars) [12]   $ 1,448
Maturity Date [12]   Sep. 15, 2026
Fair Value (in Dollars) [12]   $ 1,448
Percentage of Net Assets [12]   0.20%
Investment Interest Rate   8.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Advanced Environmental Monitoring [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[7],[12],[13]   $ 9,994
Interest Rate   12.01%
Principal/ Par (in Dollars) [6],[7],[12]   $ 10,158
Maturity Date [6],[7],[12]   Jan. 29, 2026
Fair Value (in Dollars) [6],[7],[12]   $ 10,158
Percentage of Net Assets [6],[7],[12]   1.50%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Arborworks Acquisition LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[9],[10],[12],[13],[15]   $ 4,688
Principal/ Par (in Dollars) [9],[10],[12],[15]   $ 4,688
Maturity Date [9],[10],[12],[15]   Nov. 06, 2028
Fair Value (in Dollars) [9],[10],[12],[15]   $ 4,688
Percentage of Net Assets [9],[10],[12],[15]   0.70%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | BLP Buyer, Inc. (Bishop Lifting Products) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 25,549
Interest Rate   11.11%
Principal/ Par (in Dollars) [12]   $ 26,099
Maturity Date [12]   Dec. 22, 2029
Fair Value (in Dollars) [12]   $ 26,099
Percentage of Net Assets [12]   3.80%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Gusmer Enterprises, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 4,682
Interest Rate   12.47%
Principal/ Par (in Dollars) [12]   $ 4,747
Maturity Date [12]   May 07, 2027
Fair Value (in Dollars) [12]   $ 4,735
Percentage of Net Assets [12]   0.70%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | Regiment Security Partners LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 6,309
Interest Rate   13.52%
Principal/ Par (in Dollars) [12]   $ 6,383
Maturity Date [12]   Sep. 15, 2026
Fair Value (in Dollars) [12]   $ 6,383
Percentage of Net Assets [12]   1.00%
Investment Interest Rate   8.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[13]   $ 19,812
Interest Rate   11.86%
Principal/ Par (in Dollars)   $ 20,045
Maturity Date   Nov. 05, 2026
Fair Value (in Dollars)   $ 19,945
Percentage of Net Assets   2.90%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan [Member] | PMFC Holding, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 5,427
Interest Rate   13.02%
Principal/ Par (in Dollars) [12]   $ 5,561
Maturity Date [12]   Jul. 31, 2025
Fair Value (in Dollars) [12]   $ 5,561
Percentage of Net Assets [12]   0.80%
Investment Interest Rate   7.50%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | PMFC Holding, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,787
Interest Rate   13.03%
Principal/ Par (in Dollars) [12]   $ 2,789
Maturity Date [12]   Jul. 31, 2025
Fair Value (in Dollars) [12]   $ 2,789
Percentage of Net Assets [12]   0.40%
Investment Interest Rate   7.50%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured loan One [Member] | Allentown, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 7,535
Interest Rate   11.46%
Principal/ Par (in Dollars) [6],[12]   $ 7,586
Maturity Date [6],[12]   Apr. 22, 2027
Fair Value (in Dollars) [6],[12]   $ 7,586
Percentage of Net Assets [6],[12]   1.10%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured revolving loan [Member] | PMFC Holding, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 547
Interest Rate   13.03%
Principal/ Par (in Dollars) [12]   $ 547
Maturity Date [12]   Jul. 31, 2025
Fair Value (in Dollars) [12]   $ 547
Percentage of Net Assets [12]   0.10%
Investment Interest Rate   7.50%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | Allentown, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[6],[12],[13]   $ 1,354
Interest Rate   11.46%
Principal/ Par (in Dollars) [6],[12]   $ 1,370
Maturity Date [6],[12]   Apr. 22, 2027
Fair Value (in Dollars) [6],[12]   $ 1,370
Percentage of Net Assets [6],[12]   0.20%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 6,167
Interest Rate   11.88%
Principal/ Par (in Dollars) [12]   $ 6,239
Maturity Date [12]   Nov. 05, 2026
Fair Value (in Dollars) [12]   $ 6,208
Percentage of Net Assets [12]   0.90%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | BLP Buyer, Inc. (Bishop Lifting Products) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.11%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Dec. 22, 2025
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | Gusmer Enterprises, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 7,798
Interest Rate   12.47%
Principal/ Par (in Dollars) [12]   $ 7,951
Maturity Date [12]   May 07, 2027
Fair Value (in Dollars) [12]   $ 7,931
Percentage of Net Assets [12]   1.20%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan [Member] | Regiment Security Partners LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,588
Interest Rate   13.52%
Principal/ Par (in Dollars) [12]   $ 2,609
Maturity Date [12]   Sep. 15, 2026
Fair Value (in Dollars) [12]   $ 2,609
Percentage of Net Assets [12]   0.40%
Investment Interest Rate   8.00%
Private Credit Investments [Member] | Commercial services & supplies [Member] | First lien senior secured delayed draw loan One [Member] | American Equipment Holdings LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 4,905
Interest Rate   11.81%
Principal/ Par (in Dollars) [12]   $ 4,969
Maturity Date [12]   Nov. 05, 2026
Fair Value (in Dollars) [12]   $ 4,944
Percentage of Net Assets [12]   0.70%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Containers & packaging [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 96,374
Principal/ Par (in Dollars) [4],[12]   98,255
Fair Value (in Dollars) [4],[12]   $ 98,427
Percentage of Net Assets [4],[12]   14.40%
Private Credit Investments [Member] | Containers & packaging [Member] | First lien senior secured revolving loan [Member] | Carton Packaging Buyer, Inc. (Century Box) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.39%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Oct. 30, 2028
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Containers & packaging [Member] | First lien senior secured revolving loan [Member] | FCA, LLC (FCA Packaging) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.90%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Jul. 18, 2028
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Containers & packaging [Member] | First lien senior secured loan [Member] | Carton Packaging Buyer, Inc. (Century Box) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 23,605
Interest Rate   11.39%
Principal/ Par (in Dollars) [12]   $ 24,261
Maturity Date [12]   Oct. 30, 2028
Fair Value (in Dollars) [12]   $ 24,262
Percentage of Net Assets [12]   3.60%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Containers & packaging [Member] | First lien senior secured loan [Member] | FCA, LLC (FCA Packaging) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 18,419
Interest Rate   11.90%
Principal/ Par (in Dollars) [12]   $ 18,673
Maturity Date [12]   Jul. 18, 2028
Fair Value (in Dollars) [12]   $ 19,047
Percentage of Net Assets [12]   2.80%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Containers & packaging [Member] | First lien senior secured loan [Member] | Innopak Industries, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12]   $ 27,564
Interest Rate   11.71%
Principal/ Par (in Dollars) [12]   $ 28,224
Maturity Date [12]   Mar. 05, 2027
Fair Value (in Dollars) [12]   $ 28,224
Percentage of Net Assets [12]   4.10%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Containers & packaging [Member] | First lien senior secured loan [Member] | Drew Foam Companies, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 6,997
Interest Rate   12.75%
Principal/ Par (in Dollars) [12]   $ 7,052
Maturity Date [12]   Nov. 05, 2025
Fair Value (in Dollars) [12]   $ 6,999
Percentage of Net Assets [12]   1.00%
Investment Interest Rate   7.25%
Private Credit Investments [Member] | Containers & packaging [Member] | First lien senior secured loan One [Member] | Drew Foam Companies, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 19,789
Interest Rate   12.80%
Principal/ Par (in Dollars) [12]   $ 20,045
Maturity Date [12]   Nov. 05, 2025
Fair Value (in Dollars) [12]   $ 19,895
Percentage of Net Assets [12]   2.90%
Investment Interest Rate   7.25%
Private Credit Investments [Member] | Diversified telecommunication services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 5,140
Principal/ Par (in Dollars) [4],[12]   5,195
Fair Value (in Dollars) [4],[12]   $ 5,196
Percentage of Net Assets [4],[12]   0.80%
Private Credit Investments [Member] | Diversified telecommunication services [Member] | First lien senior secured loan [Member] | Network Connex (f/k/a NTI Connect, LLC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 5,140
Interest Rate   11.00%
Principal/ Par (in Dollars) [12]   $ 5,195
Maturity Date [12]   Jan. 31, 2026
Fair Value (in Dollars) [12]   $ 5,196
Percentage of Net Assets [12]   0.80%
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Food products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 150,750
Principal/ Par (in Dollars) [4],[12]   154,125
Fair Value (in Dollars) [4],[12]   $ 152,556
Percentage of Net Assets [4],[12]   22.30%
Private Credit Investments [Member] | Food products [Member] | BC CS 2, L.P. (Cuisine Solutions) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[5],[11],[12],[13]   $ 21,063
Interest Rate   13.55%
Principal/ Par (in Dollars) [5],[11],[12]   $ 21,555
Maturity Date [5],[11],[12]   Jul. 08, 2028
Fair Value (in Dollars) [5],[11],[12]   $ 21,555
Percentage of Net Assets [5],[11],[12]   3.20%
Investment Interest Rate   8.00%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | City Line Distributors, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.47%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Aug. 31, 2028
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | Gulf Pacific Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,602
Interest Rate   11.29%
Principal/ Par (in Dollars) [12]   $ 2,697
Maturity Date [12]   Sep. 30, 2028
Fair Value (in Dollars) [12]   $ 2,683
Percentage of Net Assets [12]   0.40%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | IF&P Foods, LLC (FreshEdge) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,690
Interest Rate   10.91%
Principal/ Par (in Dollars) [12]   $ 1,759
Maturity Date [12]   Oct. 03, 2028
Fair Value (in Dollars) [12]   $ 1,737
Percentage of Net Assets [12]   0.30%
Investment Interest Rate   5.63%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | Siegel Egg Co., LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,557
Interest Rate   11.99%
Principal/ Par (in Dollars) [12]   $ 2,594
Maturity Date [12]   Dec. 29, 2026
Fair Value (in Dollars) [12]   $ 2,451
Percentage of Net Assets [12]   0.40%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured revolving loan [Member] | Worldwide Produce Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 190
Interest Rate   11.60%
Principal/ Par (in Dollars) [12]   $ 198
Maturity Date [12]   Jan. 18, 2029
Fair Value (in Dollars) [12]   $ 196
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | BR PJK Produce, LLC (Keany) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 28,973
Interest Rate   11.50%
Principal/ Par (in Dollars) [12]   $ 29,564
Maturity Date [12]   Nov. 14, 2027
Fair Value (in Dollars) [12]   $ 29,564
Percentage of Net Assets [12]   4.30%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | City Line Distributors, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 8,576
Interest Rate   11.47%
Principal/ Par (in Dollars) [12]   $ 8,895
Maturity Date [12]   Aug. 31, 2028
Fair Value (in Dollars) [12]   $ 8,895
Percentage of Net Assets [12]   1.30%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | Gulf Pacific Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 19,847
Interest Rate   11.25%
Principal/ Par (in Dollars) [12]   $ 20,180
Maturity Date [12]   Sep. 30, 2028
Fair Value (in Dollars) [12]   $ 20,079
Percentage of Net Assets [12]   2.90%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | IF&P Foods, LLC (FreshEdge) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 26,684
Interest Rate   11.07%
Principal/ Par (in Dollars) [12]   $ 27,245
Maturity Date [12]   Oct. 03, 2028
Fair Value (in Dollars) [12]   $ 26,904
Percentage of Net Assets [12]   4.00%
Investment Interest Rate   5.63%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | Siegel Egg Co., LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 15,290
Interest Rate   11.99%
Principal/ Par (in Dollars) [12]   $ 15,466
Maturity Date [12]   Dec. 29, 2026
Fair Value (in Dollars) [12]   $ 14,616
Percentage of Net Assets [12]   2.10%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | Worldwide Produce Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,786
Interest Rate   11.60%
Principal/ Par (in Dollars) [12]   $ 2,860
Maturity Date [12]   Jan. 18, 2029
Fair Value (in Dollars) [12]   $ 2,832
Percentage of Net Assets [12]   0.40%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured loan [Member] | J&K Ingredients, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 11,295
Interest Rate   11.63%
Principal/ Par (in Dollars) [12]   $ 11,581
Maturity Date [12]   Nov. 16, 2028
Fair Value (in Dollars) [12]   $ 11,581
Percentage of Net Assets [12]   1.70%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured loan One [Member] | IF&P Foods, LLC (FreshEdge) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 211
Interest Rate   11.48%
Principal/ Par (in Dollars) [12]   $ 216
Maturity Date [12]   Oct. 03, 2028
Fair Value (in Dollars) [12]   $ 213
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | BR PJK Produce, LLC (Keany) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,812
Interest Rate   11.46%
Principal/ Par (in Dollars) [12]   $ 2,938
Maturity Date [12]   Nov. 14, 2027
Fair Value (in Dollars) [12]   $ 2,938
Percentage of Net Assets [12]   0.40%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | City Line Distributors, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.47%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Mar. 03, 2025
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | Gulf Pacific Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,618
Interest Rate   11.38%
Principal/ Par (in Dollars) [12]   $ 1,701
Maturity Date [12]   Sep. 30, 2028
Fair Value (in Dollars) [12]   $ 1,693
Percentage of Net Assets [12]   0.20%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | IF&P Foods, LLC (FreshEdge) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 3,969
Interest Rate   11.07%
Principal/ Par (in Dollars) [12]   $ 4,045
Maturity Date [12]   Oct. 03, 2028
Fair Value (in Dollars) [12]   $ 3,994
Percentage of Net Assets [12]   0.60%
Investment Interest Rate   5.63%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan [Member] | Worldwide Produce Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 587
Interest Rate   11.60%
Principal/ Par (in Dollars) [12]   $ 631
Maturity Date [12]   Jan. 18, 2029
Fair Value (in Dollars) [12]   $ 625
Percentage of Net Assets [12]   0.10%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Food products [Member] | First lien senior secured delayed draw loan One [Member] | Worldwide Produce Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.60%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Apr. 18, 2024
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Health care providers & services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 98,635
Principal/ Par (in Dollars) [4],[12]   100,522
Fair Value (in Dollars) [4],[12]   $ 100,254
Percentage of Net Assets [4],[12]   14.70%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured revolving loan [Member] | Brightview, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 774
Interest Rate   11.47%
Principal/ Par (in Dollars) [12]   $ 774
Maturity Date [12]   Dec. 14, 2026
Fair Value (in Dollars) [12]   $ 761
Percentage of Net Assets [12]   0.10%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured revolving loan [Member] | Light Wave Dental Management LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,099
Interest Rate   12.35%
Principal/ Par (in Dollars) [12]   $ 2,181
Maturity Date [12]   Jun. 30, 2029
Fair Value (in Dollars) [12]   $ 2,181
Percentage of Net Assets [12]   0.30%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured revolving loan [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.67%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Dec. 30, 2026
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | Brightview, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 12,855
Interest Rate   11.47%
Principal/ Par (in Dollars) [12]   $ 12,870
Maturity Date [12]   Dec. 14, 2026
Fair Value (in Dollars) [12]   $ 12,645
Percentage of Net Assets [12]   1.90%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | Guardian Dentistry Partners [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 7,929
Interest Rate   11.97%
Principal/ Par (in Dollars) [12]   $ 8,057
Maturity Date [12]   Aug. 20, 2026
Fair Value (in Dollars) [12]   $ 8,057
Percentage of Net Assets [12]   1.20%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | Light Wave Dental Management LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 21,834
Interest Rate   12.35%
Principal/ Par (in Dollars) [12]   $ 22,423
Maturity Date [12]   Jun. 30, 2029
Fair Value (in Dollars) [12]   $ 22,423
Percentage of Net Assets [12]   3.30%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured loan [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 11,683
Interest Rate   11.67%
Principal/ Par (in Dollars) [12]   $ 11,828
Maturity Date [12]   Dec. 30, 2026
Fair Value (in Dollars) [12]   $ 11,828
Percentage of Net Assets [12]   1.70%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | Guided Practice Solutions: Dental, LLC (GPS) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12]   $ 6,056
Interest Rate   11.72%
Principal/ Par (in Dollars) [12]   $ 6,475
Maturity Date [12]   Dec. 29, 2025
Fair Value (in Dollars) [12]   $ 6,475
Percentage of Net Assets [12]   0.90%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured loan One [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,563
Interest Rate   11.61%
Principal/ Par (in Dollars) [12]   $ 1,681
Maturity Date [12]   Dec. 30, 2026
Fair Value (in Dollars) [12]   $ 1,681
Percentage of Net Assets [12]   0.20%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | Brightview, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,714
Interest Rate   11.47%
Principal/ Par (in Dollars) [12]   $ 1,719
Maturity Date [12]   Dec. 14, 2026
Fair Value (in Dollars) [12]   $ 1,689
Percentage of Net Assets [12]   0.30%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | Guardian Dentistry Partners [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 15,464
Interest Rate   11.97%
Principal/ Par (in Dollars) [12]   $ 15,682
Maturity Date [12]   Aug. 20, 2026
Fair Value (in Dollars) [12]   $ 15,682
Percentage of Net Assets [12]   2.30%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 10,856
Interest Rate   11.67%
Principal/ Par (in Dollars) [12]   $ 11,024
Maturity Date [12]   Dec. 30, 2026
Fair Value (in Dollars) [12]   $ 11,024
Percentage of Net Assets [12]   1.60%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan One [Member] | SGA Dental Partners Holdings, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.67%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Apr. 19, 2024
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Health care providers & services [Member] | First lien senior secured delayed draw loan One [Member] | ­Guardian­ Dentistry­ Partners Two [­Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 5,808
Interest Rate   11.97%
Principal/ Par (in Dollars) [12]   $ 5,808
Maturity Date [12]   Aug. 20, 2026
Fair Value (in Dollars) [12]   $ 5,808
Percentage of Net Assets [12]   0.90%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Healthcare Equipment & Supplies [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[3],[13]   $ 18,911
Principal/ Par (in Dollars) [1]   19,529
Fair Value (in Dollars) [1]   $ 19,334
Percentage of Net Assets [1]   2.80%
Private Credit Investments [Member] | Health care equipment & supplies [Member] | First lien senior secured revolving loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   12.15%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Nov. 03, 2027
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Health care equipment & supplies [Member] | First lien senior secured revolving loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Health care equipment & supplies [Member] | First lien senior secured loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 18,911
Interest Rate   12.15%
Principal/ Par (in Dollars) [12]   $ 19,529
Maturity Date [12]   Nov. 03, 2027
Fair Value (in Dollars) [12]   $ 19,334
Percentage of Net Assets [12]   2.80%
Private Credit Investments [Member] | Health care equipment & supplies [Member] | First lien senior secured loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Health care equipment & supplies [Member] | First lien senior secured delayed draw loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   12.15%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Nov. 03, 2024
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Health care equipment & supplies [Member] | First lien senior secured delayed draw loan [Member] | LSL Industries, LLC (LSL Healthcare) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Household durables [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 20,980
Principal/ Par (in Dollars) [4],[12]   21,294
Fair Value (in Dollars) [4],[12]   $ 20,869
Percentage of Net Assets [4],[12]   3.10%
Private Credit Investments [Member] | Household durables [Member] | First lien senior secured revolving loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   10.96%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Dec. 21, 2027
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Household durables [Member] | First lien senior secured revolving loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Household durables [Member] | First lien senior secured loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 16,859
Interest Rate   10.96%
Principal/ Par (in Dollars) [12]   $ 17,173
Maturity Date [12]   Dec. 21, 2027
Fair Value (in Dollars) [12]   $ 16,830
Percentage of Net Assets [12]   2.50%
Private Credit Investments [Member] | Household durables [Member] | First lien senior secured loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Household durables [Member] | First lien senior secured delayed draw loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 4,121
Interest Rate   10.96%
Principal/ Par (in Dollars) [12]   $ 4,121
Maturity Date [12]   Dec. 21, 2027
Fair Value (in Dollars) [12]   $ 4,039
Percentage of Net Assets [12]   0.60%
Private Credit Investments [Member] | Household durables [Member] | First lien senior secured delayed draw loan [Member] | Curio Brands, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Household products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 16,826
Principal/ Par (in Dollars) [4],[12]   17,052
Fair Value (in Dollars) [4],[12]   $ 16,967
Percentage of Net Assets [4],[12]   2.50%
Private Credit Investments [Member] | Household products [Member] | First lien senior secured revolving loan [Member] | Home Brands Group Holdings, Inc. (ReBath) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   10.29%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Nov. 08, 2026
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Household products [Member] | First lien senior secured revolving loan [Member] | Home Brands Group Holdings, Inc. (ReBath) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   4.75%
Private Credit Investments [Member] | Household products [Member] | First lien senior secured loan [Member] | Home Brands Group Holdings, Inc. (ReBath) [Member[ | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 16,826
Interest Rate   10.29%
Principal/ Par (in Dollars) [12]   $ 17,052
Maturity Date [12]   Nov. 08, 2026
Fair Value (in Dollars) [12]   $ 16,967
Percentage of Net Assets [12]   2.50%
Private Credit Investments [Member] | Household products [Member] | First lien senior secured loan [Member] | Home Brands Group Holdings, Inc. (ReBath) [Member[ | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   4.75%
Private Credit Investments [Member] | Insurance [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 28,817
Principal/ Par (in Dollars) [4],[12]   29,322
Fair Value (in Dollars) [4],[12]   $ 29,322
Percentage of Net Assets [4],[12]   4.30%
Private Credit Investments [Member] | Insurance [Member] | First lien senior secured revolving loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.53%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Jul. 07, 2027
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Insurance [Member] | First lien senior secured revolving loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Insurance [Member] | First lien senior secured loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 7,551
Interest Rate   11.53%
Principal/ Par (in Dollars) [12]   $ 7,717
Maturity Date [12]   Jul. 07, 2027
Fair Value (in Dollars) [12]   $ 7,717
Percentage of Net Assets [12]   1.10%
Private Credit Investments [Member] | Insurance [Member] | First lien senior secured loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Insurance [Member] | First lien senior secured delayed draw loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 21,266
Interest Rate   11.53%
Principal/ Par (in Dollars) [12]   $ 21,605
Maturity Date [12]   Jul. 07, 2027
Fair Value (in Dollars) [12]   $ 21,605
Percentage of Net Assets [12]   3.20%
Private Credit Investments [Member] | Insurance [Member] | First lien senior secured delayed draw loan [Member] | Allcat Claims Service, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.00%
Private Credit Investments [Member] | IT services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 51,262
Principal/ Par (in Dollars) [4],[12]   52,094
Fair Value (in Dollars) [4],[12]   $ 51,834
Percentage of Net Assets [4],[12]   7.60%
Private Credit Investments [Member] | IT services [Member] | First lien senior secured revolving loan [Member] | Improving Acquisition LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   12.22%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Jul. 26, 2027
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | IT services [Member] | First lien senior secured revolving loan [Member] | Improving Acquisition LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.50%
Private Credit Investments [Member] | IT services [Member] | First lien senior secured loan [Member] | Domain Information Services Inc. (Integris) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 20,122
Interest Rate   11.29%
Principal/ Par (in Dollars) [12]   $ 20,444
Maturity Date [12]   Sep. 30, 2025
Fair Value (in Dollars) [12]   $ 20,342
Percentage of Net Assets [12]   3.00%
Private Credit Investments [Member] | IT services [Member] | First lien senior secured loan [Member] | Domain Information Services Inc. (Integris) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.75%
Private Credit Investments [Member] | IT services [Member] | First lien senior secured loan [Member] | Improving Acquisition LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 31,140
Interest Rate   12.22%
Principal/ Par (in Dollars) [12]   $ 31,650
Maturity Date [12]   Jul. 26, 2027
Fair Value (in Dollars) [12]   $ 31,492
Percentage of Net Assets [12]   4.60%
Private Credit Investments [Member] | IT services [Member] | First lien senior secured loan [Member] | Improving Acquisition LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Leisure products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 45,911
Principal/ Par (in Dollars) [4],[12]   46,330
Fair Value (in Dollars) [4],[12]   $ 45,103
Percentage of Net Assets [4],[12]   6.60%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | Trademark Global LLC One [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,627
Interest Rate   12.97%
Principal/ Par (in Dollars) [12]   $ 2,630
Maturity Date [12]   Jul. 30, 2024
Fair Value (in Dollars) [12]   $ 2,393
Percentage of Net Assets [12]   0.30%
Investment Interest Rate   7.50%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | Trademark Global LLC One [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   1.50%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.86%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Apr. 22, 2026
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured revolving loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | Trademark Global LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 11,776
Interest Rate   12.97%
Principal/ Par (in Dollars) [12]   $ 11,798
Maturity Date [12]   Jul. 30, 2024
Fair Value (in Dollars) [12]   $ 10,736
Percentage of Net Assets [12]   1.60%
Investment Interest Rate   7.50%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | Trademark Global LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   1.50%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 15,219
Interest Rate   11.11%
Principal/ Par (in Dollars) [12]   $ 15,373
Maturity Date [12]   Dec. 14, 2027
Fair Value (in Dollars) [12]   $ 15,603
Percentage of Net Assets [12]   2.30%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | VENUplus, Inc. (f/k/a CTM Group, Inc.) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 4,325
Interest Rate   12.29%
Principal/ Par (in Dollars) [12]   $ 4,420
Maturity Date [12]   Nov. 30, 2026
Fair Value (in Dollars) [12]   $ 4,398
Percentage of Net Assets [12]   0.60%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | VENUplus, Inc. (f/k/a CTM Group, Inc.) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.75%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 8,198
Interest Rate   11.86%
Principal/ Par (in Dollars) [12]   $ 8,254
Maturity Date [12]   Apr. 22, 2026
Fair Value (in Dollars) [12]   $ 8,151
Percentage of Net Assets [12]   1.20%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured delayed draw loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 545
Interest Rate   11.11%
Principal/ Par (in Dollars) [12]   $ 578
Maturity Date [12]   Dec. 14, 2027
Fair Value (in Dollars) [12]   $ 586
Percentage of Net Assets [12]   0.10%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured delayed draw loan [Member] | BCI Burke Holding Corp. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured delayed draw loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 3,221
Interest Rate   11.86%
Principal/ Par (in Dollars) [12]   $ 3,277
Maturity Date [12]   Apr. 22, 2026
Fair Value (in Dollars) [12]   $ 3,236
Percentage of Net Assets [12]   0.50%
Private Credit Investments [Member] | Leisure products [Member] | First lien senior secured delayed draw loan [Member] | MacNeill Pride Group [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Machinery [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 50,969
Principal/ Par (in Dollars) [4],[12]   51,665
Fair Value (in Dollars) [4],[12]   $ 51,715
Percentage of Net Assets [4],[12]   7.60%
Private Credit Investments [Member] | Machinery [Member] | First lien senior secured loan [Member] | Pennsylvania Machine Works, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,896
Interest Rate   11.61%
Principal/ Par (in Dollars) [12]   $ 1,908
Maturity Date [12]   Mar. 06, 2027
Fair Value (in Dollars) [12]   $ 1,908
Percentage of Net Assets [12]   0.30%
Private Credit Investments [Member] | Machinery [Member] | First lien senior secured loan [Member] | Pennsylvania Machine Works, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Machinery [Member] | First lien senior secured loan [Member] | PVI Holdings, Inc [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 23,602
Interest Rate   12.16%
Principal/ Par (in Dollars) [12]   $ 23,895
Maturity Date [12]   Jan. 18, 2028
Fair Value (in Dollars) [12]   $ 24,074
Percentage of Net Assets [12]   3.50%
Private Credit Investments [Member] | Machinery [Member] | First lien senior secured loan [Member] | PVI Holdings, Inc [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.77%
Private Credit Investments [Member] | Machinery [Member] | First lien senior secured loan [Member] | Techniks Holdings, LLC / Eppinger Holdings Germany GMBH [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13],[14]   $ 24,468
Interest Rate   12.75%
Principal/ Par (in Dollars) [12],[14]   $ 24,812
Maturity Date [12],[14]   Feb. 04, 2025
Fair Value (in Dollars) [12],[14]   $ 24,688
Percentage of Net Assets [12],[14]   3.60%
Private Credit Investments [Member] | Machinery [Member] | First lien senior secured loan [Member] | Techniks Holdings, LLC / Eppinger Holdings Germany GMBH [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.25%
Private Credit Investments [Member] | Machinery [Member] | First lien senior secured revolving loan [Member] | Techniks Holdings, LLC / Eppinger Holdings Germany GMBH [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,003
Interest Rate   11.80%
Principal/ Par (in Dollars) [12]   $ 1,050
Maturity Date [12]   Feb. 04, 2025
Fair Value (in Dollars) [12]   $ 1,045
Percentage of Net Assets [12]   0.20%
Private Credit Investments [Member] | Machinery [Member] | First lien senior secured revolving loan [Member] | Techniks Holdings, LLC / Eppinger Holdings Germany GMBH [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Personal care products [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 39,583
Principal/ Par (in Dollars) [4],[12]   40,346
Fair Value (in Dollars) [4],[12]   $ 40,485
Percentage of Net Assets [4],[12]   5.90%
Private Credit Investments [Member] | Personal care products [Member] | First lien senior secured revolving loan [Member] | DRS Holdings III, Inc. (Dr. Scholl’s) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.71%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Nov. 01, 2025
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Personal care products [Member] | First lien senior secured revolving loan [Member] | DRS Holdings III, Inc. (Dr. Scholl’s) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | DRS Holdings III, Inc. (Dr. Scholl’s) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 10,954
Interest Rate   11.71%
Principal/ Par (in Dollars) [12]   $ 11,004
Maturity Date [12]   Nov. 01, 2025
Fair Value (in Dollars) [12]   $ 11,004
Percentage of Net Assets [12]   1.60%
Private Credit Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | DRS Holdings III, Inc. (Dr. Scholl’s) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | PH Beauty Holdings III, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 9,278
Interest Rate   10.65%
Principal/ Par (in Dollars) [12]   $ 9,442
Maturity Date [12]   Sep. 28, 2025
Fair Value (in Dollars) [12]   $ 9,183
Percentage of Net Assets [12]   1.30%
Private Credit Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | PH Beauty Holdings III, Inc. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.00%
Private Credit Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | Silk Holdings I I I Corp Suave [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 19,351
Interest Rate   13.10%
Principal/ Par (in Dollars) [12]   $ 19,900
Maturity Date [12]   May 01, 2029
Fair Value (in Dollars) [12]   $ 20,298
Percentage of Net Assets [12]   3.00%
Private Credit Investments [Member] | Personal care products [Member] | First lien senior secured loan [Member] | Silk Holdings I I I Corp Suave [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.75%
Private Credit Investments [Member] | Pharmaceuticals [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 6,744
Principal/ Par (in Dollars) [4],[12]   6,781
Fair Value (in Dollars) [4],[12]   $ 6,832
Percentage of Net Assets [4],[12]   1.00%
Private Credit Investments [Member] | Pharmaceuticals [Member] | First lien senior secured revolving loan [Member] | Foundation Consumer Brands [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.79%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Feb. 12, 2027
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Pharmaceuticals [Member] | First lien senior secured revolving loan [Member] | Foundation Consumer Brands [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Pharmaceuticals [Member] | First lien senior secured loan [Member] | Foundation Consumer Brands [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 6,744
Interest Rate   11.79%
Principal/ Par (in Dollars) [12]   $ 6,781
Maturity Date [12]   Feb. 12, 2027
Fair Value (in Dollars) [12]   $ 6,832
Percentage of Net Assets [12]   1.00%
Private Credit Investments [Member] | Pharmaceuticals [Member] | First lien senior secured loan [Member] | Foundation Consumer Brands [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Professional services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4],[12],[13]   $ 60,054
Principal/ Par (in Dollars) [4],[12]   61,792
Fair Value (in Dollars) [4],[12]   $ 61,792
Percentage of Net Assets [4],[12]   9.00%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured revolving loan [Member] | Universal Marine Medical Supply International, LLC (Unimed) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,494
Interest Rate   13.00%
Principal/ Par (in Dollars) [12]   $ 2,544
Maturity Date [12]   Dec. 05, 2027
Fair Value (in Dollars) [12]   $ 2,544
Percentage of Net Assets [12]   0.40%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured revolving loan [Member] | Universal Marine Medical Supply International, LLC (Unimed) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.50%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | 4 Over International, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 18,757
Interest Rate   12.46%
Principal/ Par (in Dollars) [12]   $ 19,438
Maturity Date [12]   Dec. 07, 2026
Fair Value (in Dollars) [12]   $ 19,438
Percentage of Net Assets [12]   2.80%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | 4 Over International, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | Universal Marine Medical Supply International, LLC (Unimed) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 13,253
Interest Rate   13.01%
Principal/ Par (in Dollars) [12]   $ 13,527
Maturity Date [12]   Dec. 05, 2027
Fair Value (in Dollars) [12]   $ 13,527
Percentage of Net Assets [12]   2.00%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | Universal Marine Medical Supply International, LLC (Unimed) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.50%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 21,625
Interest Rate   10.84%
Principal/ Par (in Dollars) [12]   $ 22,177
Maturity Date [12]   Sep. 09, 2028
Fair Value (in Dollars) [12]   $ 22,177
Percentage of Net Assets [12]   3.20%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured delayed draw loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 3,578
Interest Rate   10.84%
Principal/ Par (in Dollars) [12]   $ 3,714
Maturity Date [12]   Sep. 09, 2028
Fair Value (in Dollars) [12]   $ 3,714
Percentage of Net Assets [12]   0.50%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured delayed draw loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured revolving loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 347
Interest Rate   10.84%
Principal/ Par (in Dollars) [12]   $ 392
Maturity Date [12]   Sep. 09, 2028
Fair Value (in Dollars) [12]   $ 392
Percentage of Net Assets [12]   0.10%
Private Credit Investments [Member] | Professional services [Member] | First lien senior secured revolving loan [Member] | DISA Holdings Corp. (DISA) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Software [Member] | First lien senior secured loan [Member] | AIDC Intermediate Co 2, LLC (Peak Technologies) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 33,736
Interest Rate   11.80%
Principal/ Par (in Dollars) [12]   $ 34,650
Maturity Date [12]   Jul. 22, 2027
Fair Value (in Dollars) [12]   $ 34,650
Percentage of Net Assets [12]   5.10%
Private Credit Investments [Member] | Software [Member] | First lien senior secured loan [Member] | AIDC Intermediate Co 2, LLC (Peak Technologies) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Specialty retail [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 44,266 [1],[2] $ 9,022 [4],[12],[13]
Principal/ Par (in Dollars) 44,269 [1] 9,210 [4],[12]
Fair Value (in Dollars) $ 43,736 [1] $ 8,911 [4],[12]
Percentage of Net Assets 3.70% [1] 1.30% [4],[12]
Private Credit Investments [Member] | Specialty retail [Member] | First lien senior secured loan [Member] | Sundance Holdings Group, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[7] $ 9,349 [1],[2],[6] $ 9,022 [12],[13]
Interest Rate 14.93% [1],[6],[7] 15.03%
Principal/ Par (in Dollars) [7] $ 9,355 [1],[6] $ 9,210 [12]
Maturity Date [7] Jun. 30, 2025 [1],[6] May 01, 2024 [12]
Fair Value (in Dollars) [7] $ 8,911 [1],[6] $ 8,911 [12]
Percentage of Net Assets [7] 0.80% [1],[6] 1.30% [12]
Investment Interest Rate 8.00% [1],[6],[7] 9.50%
Private Credit Investments [Member] | Specialty retail [Member] | First lien senior secured loan [Member] | Sundance Holdings Group, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate 1.50% [1],[6],[7] 1.50%
Private Credit Investments [Member] | Specialty retail [Member] | First lien senior secured loan [Member] | Harbor Freight Tools USA Inc [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 17,457  
Interest Rate [1],[6] 7.84%  
Principal/ Par (in Dollars) [1],[6] $ 17,500  
Maturity Date [1],[6] Jun. 05, 2031  
Fair Value (in Dollars) [1],[6] $ 17,438  
Percentage of Net Assets [1],[6] 1.40%  
Private Credit Investments [Member] | Specialty retail [Member] | First lien senior secured loan [Member] | Harbor Freight Tools USA Inc [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 2.50%  
Private Credit Investments [Member] | Specialty retail [Member] | First lien senior secured delayed draw loan [Member] | Sundance Holdings Group, LLC One [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   15.03%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   May 01, 2024
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   9.50%
Private Credit Investments [Member] | Specialty retail [Member] | First lien senior secured delayed draw loan [Member] | Sundance Holdings Group, LLC One [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   1.50%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4] $ 45,649 [2] $ 44,011 [12],[13]
Principal/ Par (in Dollars) [4] 46,290 44,693 [12]
Fair Value (in Dollars) [4] $ 45,190 $ 43,854 [12]
Percentage of Net Assets [4] 3.80% 6.40% [12]
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | BEL USA, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 5,575  
Interest Rate [1],[6] 12.49%  
Principal/ Par (in Dollars) [1],[6] $ 5,661  
Maturity Date [1],[6] Jun. 02, 2026  
Fair Value (in Dollars) [1],[6] $ 5,661  
Percentage of Net Assets [1],[6] 0.50%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | BEL USA, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 7.00%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | YS Garments, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 6,310  
Interest Rate [1],[6] 12.92%  
Principal/ Par (in Dollars) [1],[6] $ 6,378  
Maturity Date [1],[6] Aug. 09, 2026  
Fair Value (in Dollars) [1],[6] $ 6,218  
Percentage of Net Assets [1],[6] 0.50%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | YS Garments, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 7.50%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | BEL USA, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 5,774
Interest Rate   12.53%
Principal/ Par (in Dollars) [12]   $ 5,804
Maturity Date [12]   Jun. 02, 2026
Fair Value (in Dollars) [12]   $ 5,804
Percentage of Net Assets [12]   0.80%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | BEL USA, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | YS Garments, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 6,758
Interest Rate   13.00%
Principal/ Par (in Dollars) [12]   $ 6,849
Maturity Date [12]   Aug. 09, 2026
Fair Value (in Dollars) [12]   $ 6,729
Percentage of Net Assets [12]   1.00%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | YS Garments, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.50%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | American Soccer Company, Incorporated (SCORE) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 4,440  
Interest Rate [1] 12.73%  
Principal/ Par (in Dollars) [1] $ 4,493  
Maturity Date [1] Jul. 20, 2027  
Fair Value (in Dollars) [1] $ 4,370  
Percentage of Net Assets [1] 0.40%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | American Soccer Company, Incorporated (SCORE) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 7.25%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | American Soccer Company, Incorporated (SCORE) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 29,317
Interest Rate   12.75%
Principal/ Par (in Dollars) [12]   $ 29,816
Maturity Date [12]   Jul. 20, 2027
Fair Value (in Dollars) [12]   $ 29,145
Percentage of Net Assets [12]   4.30%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | American Soccer Company, Incorporated (SCORE) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.25%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | BEL USA, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 95
Interest Rate   12.53%
Principal/ Par (in Dollars) [12]   $ 96
Maturity Date [12]   Jun. 02, 2026
Fair Value (in Dollars) [12]   $ 96
Percentage of Net Assets [12]   0.00%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan [Member] | BEL USA, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan One [Member] | BEL USA, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 92  
Interest Rate [1] 12.49%  
Principal/ Par (in Dollars) [1] $ 93  
Maturity Date [1] Jun. 02, 2026  
Fair Value (in Dollars) [1] $ 93  
Percentage of Net Assets [1] 0.00%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured loan One [Member] | BEL USA, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 7.00%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured revolving loan [Member] | American Soccer Company, Incorporated (SCORE) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 29,232  
Interest Rate [1],[6] 12.73%  
Principal/ Par (in Dollars) [1],[6] $ 29,665  
Maturity Date [1],[6] Jul. 20, 2027  
Fair Value (in Dollars) [1],[6] $ 28,848  
Percentage of Net Assets [1],[6] 2.40%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured revolving loan [Member] | American Soccer Company, Incorporated (SCORE) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 7.25%  
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured revolving loan [Member] | American Soccer Company, Incorporated (SCORE) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 2,067
Interest Rate   12.75%
Principal/ Par (in Dollars) [12]   $ 2,128
Maturity Date [12]   Jul. 20, 2027
Fair Value (in Dollars) [12]   $ 2,080
Percentage of Net Assets [12]   0.30%
Private Credit Investments [Member] | Textiles, apparel & luxury goods [Member] | First lien senior secured revolving loan [Member] | American Soccer Company, Incorporated (SCORE) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[4] $ 233,290 [1],[2] $ 203,709 [12],[13]
Principal/ Par (in Dollars) [4] 237,648 [1] 208,619 [12]
Fair Value (in Dollars) [4] $ 238,494 [1] $ 208,750 [12]
Percentage of Net Assets [4] 20.20% [1] 30.60% [12]
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.24%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Nov. 01, 2027
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.75%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Jul. 30, 2026
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.20%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Mar. 01, 2029
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.61%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Dec. 27, 2029
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 244
Interest Rate   12.61%
Principal/ Par (in Dollars) [12]   $ 327
Maturity Date [12]   Dec. 17, 2026
Fair Value (in Dollars) [12]   $ 327
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | United Safety & Survivability Corporation (USSC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 860
Interest Rate   11.79%
Principal/ Par (in Dollars) [12]   $ 870
Maturity Date [12]   Sep. 30, 2027
Fair Value (in Dollars) [12]   $ 870
Percentage of Net Assets [12]   0.10%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | BCDI Meteor Acquisition, LLC (Meteor) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 18,091  
Interest Rate [1],[6] 12.43%  
Principal/ Par (in Dollars) [1],[6] $ 18,449  
Maturity Date [1],[6] Jun. 29, 2028  
Fair Value (in Dollars) [1],[6] $ 18,449  
Percentage of Net Assets [1],[6] 1.60%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | BCDI Meteor Acquisition, LLC (Meteor) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 7.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Broder Bros., Co. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 4,406  
Interest Rate [1],[6] 11.60%  
Principal/ Par (in Dollars) [1],[6] $ 4,553  
Maturity Date [1],[6] Dec. 04, 2025  
Fair Value (in Dollars) [1],[6] $ 4,553  
Percentage of Net Assets [1],[6] 0.40%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Broder Bros., Co. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 17,838
Interest Rate   11.24%
Principal/ Par (in Dollars) [12]   $ 18,079
Maturity Date [12]   Nov. 01, 2027
Fair Value (in Dollars) [12]   $ 18,079
Percentage of Net Assets [12]   2.60%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Engineered Fastener Company, LLC (EFC International) [Member} | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 23,113
Interest Rate   12.00%
Principal/ Par (in Dollars) [12]   $ 23,604
Maturity Date [12]   Nov. 01, 2027
Fair Value (in Dollars) [12]   $ 23,899
Percentage of Net Assets [12]   3.50%
Investment Interest Rate   6.50%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Genuine Cable Group, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 28,309 [1],[2],[6] $ 28,336 [12],[13]
Interest Rate 11.25% [1],[6] 10.96%
Principal/ Par (in Dollars) $ 28,910 [1],[6] $ 29,057 [12]
Maturity Date Nov. 01, 2026 [1],[6] Nov. 01, 2026 [12]
Fair Value (in Dollars) $ 28,910 [1],[6] $ 28,984 [12]
Percentage of Net Assets 2.40% [1],[6] 4.20% [12]
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Genuine Cable Group, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 5.75%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 13,487 [1],[2],[6] $ 13,538 [12],[13]
Interest Rate 11.73% [1],[6] 11.75%
Principal/ Par (in Dollars) $ 13,579 [1],[6] $ 13,651 [12]
Maturity Date Jul. 30, 2027 [1],[6] Jul. 30, 2026 [12]
Fair Value (in Dollars) $ 13,579 [1],[6] $ 13,651 [12]
Percentage of Net Assets 1.20% [1],[6] 2.00% [12]
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.25%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 20,979
Interest Rate   11.61%
Principal/ Par (in Dollars) [12]   $ 21,370
Maturity Date [12]   Dec. 27, 2029
Fair Value (in Dollars) [12]   $ 21,370
Percentage of Net Assets [12]   3.10%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | BCDI Meteor Acquisition, LLC (Meteor) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 15,955
Interest Rate   12.45%
Principal/ Par (in Dollars) [12]   $ 16,297
Maturity Date [12]   Jun. 29, 2028
Fair Value (in Dollars) [12]   $ 16,297
Percentage of Net Assets [12]   2.40%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | BCDI Meteor Acquisition, LLC (Meteor) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Broder Bros., Co. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 4,439
Interest Rate   11.61%
Principal/ Par (in Dollars) [12]   $ 4,640
Maturity Date [12]   Dec. 04, 2025
Fair Value (in Dollars) [12]   $ 4,640
Percentage of Net Assets [12]   0.70%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Broder Bros., Co. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 19,849
Interest Rate   12.61%
Principal/ Par (in Dollars) [12]   $ 20,510
Maturity Date [12]   Dec. 17, 2026
Fair Value (in Dollars) [12]   $ 20,459
Percentage of Net Assets [12]   3.00%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | United Safety & Survivability Corporation (USSC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 12,147
Interest Rate   11.79%
Principal/ Par (in Dollars) [12]   $ 12,436
Maturity Date [12]   Sep. 30, 2027
Fair Value (in Dollars) [12]   $ 12,436
Percentage of Net Assets [12]   1.80%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 19,700  
Interest Rate [1],[6] 12.60%  
Principal/ Par (in Dollars) [1],[6] $ 20,244  
Maturity Date [1],[6] Dec. 17, 2026  
Fair Value (in Dollars) [1],[6] $ 20,396  
Percentage of Net Assets [1],[6] 1.70%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 7.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 17,699 [1],[2],[6] $ 9,356 [12],[13]
Interest Rate 11.45% [1],[6] 11.27%
Principal/ Par (in Dollars) $ 17,958 [1],[6] $ 9,666 [12]
Maturity Date Nov. 01, 2027 [1],[6] Nov. 01, 2027 [12]
Fair Value (in Dollars) $ 17,958 [1],[6] $ 9,666 [12]
Percentage of Net Assets 1.50% [1],[6] 1.40% [12]
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Engineered Fastener Company, LLC (EFC International) [Member} | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 23,048  
Interest Rate [1],[6] 11.98%  
Principal/ Par (in Dollars) [1],[6] $ 23,485  
Maturity Date [1],[6] Nov. 01, 2027  
Fair Value (in Dollars) [1],[6] $ 23,591  
Percentage of Net Assets [1],[6] 2.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Engineered Fastener Company, LLC (EFC International) [Member} | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.50%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 4,445 [1],[2] $ 4,457 [12],[13]
Interest Rate 11.69% [1] 11.70%
Principal/ Par (in Dollars) $ 4,498 [1] $ 4,522 [12]
Maturity Date Jul. 30, 2027 [1] Jul. 30, 2026 [12]
Fair Value (in Dollars) $ 4,498 [1] $ 4,522 [12]
Percentage of Net Assets 0.40% [1] 0.70% [12]
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.25%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 9,132  
Interest Rate [1] 11.43%  
Principal/ Par (in Dollars) [1] $ 9,443  
Maturity Date [1] Mar. 01, 2029  
Fair Value (in Dollars) [1] $ 9,443  
Percentage of Net Assets [1] 0.80%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Univar (Windsor Holdings LLC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 10,074  
Interest Rate [1],[6] 9.34%  
Principal/ Par (in Dollars) [1],[6] $ 10,010  
Maturity Date [1],[6] Aug. 01, 2030  
Fair Value (in Dollars) [1],[6] $ 10,062  
Percentage of Net Assets [1],[6] 0.80%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | Univar (Windsor Holdings LLC) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 4.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 6,559
Interest Rate   12.61%
Principal/ Par (in Dollars) [12]   $ 6,681
Maturity Date [12]   Dec. 17, 2026
Fair Value (in Dollars) [12]   $ 6,664
Percentage of Net Assets [12]   1.00%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 3,482  
Interest Rate [1] 12.60%  
Principal/ Par (in Dollars) [1] $ 3,569  
Maturity Date [1] Dec. 17, 2026  
Fair Value (in Dollars) [1] $ 3,596  
Percentage of Net Assets [1] 0.30%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 7.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,462  
Interest Rate [1] 11.73%  
Principal/ Par (in Dollars) [1] $ 2,473  
Maturity Date [1] Jul. 30, 2027  
Fair Value (in Dollars) [1] $ 2,473  
Percentage of Net Assets [1] 0.20%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.25%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] [1],[2],[6] [12],[13]
Interest Rate 11.43% [1],[6] 11.20%
Principal/ Par (in Dollars) [1],[6] [12]
Maturity Date Mar. 01, 2025 [1],[6] Mar. 01, 2025 [12]
Fair Value (in Dollars) [1],[6] [12]
Percentage of Net Assets 0.00% [1],[6] 0.00% [12]
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 745  
Interest Rate [1] 11.58%  
Principal/ Par (in Dollars) [1] $ 810  
Maturity Date [1] Dec. 27, 2029  
Fair Value (in Dollars) [1] $ 826  
Percentage of Net Assets [1] 0.10%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.25%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan One [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 6,494  
Interest Rate [1] 12.60%  
Principal/ Par (in Dollars) [1] $ 6,594  
Maturity Date [1] Dec. 17, 2026  
Fair Value (in Dollars) [1] $ 6,644  
Percentage of Net Assets [1] 0.60%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan One [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 7.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan One [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 4,024  
Interest Rate [1] 11.43%  
Principal/ Par (in Dollars) [1] $ 4,104  
Maturity Date [1] Nov. 01, 2027  
Fair Value (in Dollars) [1] $ 4,104  
Percentage of Net Assets [1] 0.30%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan One [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan One [Member] | Genuine Cable Group, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 5,348 [1],[2] $ 5,347 [12],[13]
Interest Rate 11.25% [1] 10.96%
Principal/ Par (in Dollars) $ 5,478 [1] $ 5,506 [12]
Maturity Date Nov. 01, 2026 [1] Nov. 01, 2026 [12]
Fair Value (in Dollars) $ 5,478 [1] $ 5,492 [12]
Percentage of Net Assets 0.50% [1] 0.80% [12]
Investment Interest Rate   5.50%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan One [Member] | Genuine Cable Group, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 5.75%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan One [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 1,011 [1],[2] $ 1,033 [12],[13]
Interest Rate 11.73% [1] 11.75%
Principal/ Par (in Dollars) $ 1,038 [1] $ 1,043 [12]
Maturity Date Jul. 30, 2027 [1] Jul. 30, 2026 [12]
Fair Value (in Dollars) $ 1,038 [1] $ 1,043 [12]
Percentage of Net Assets 0.10% [1] 0.20% [12]
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan One [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.25%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 2,092  
Interest Rate [1] 12.60%  
Principal/ Par (in Dollars) [1] $ 2,161  
Maturity Date [1] Dec. 17, 2026  
Fair Value (in Dollars) [1] $ 2,178  
Percentage of Net Assets [1] 0.20%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 7.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.73%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Jul. 30, 2027  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.25%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 9,099
Interest Rate   11.20%
Principal/ Par (in Dollars) [12]   $ 9,491
Maturity Date [12]   Mar. 01, 2029
Fair Value (in Dollars) [12]   $ 9,491
Percentage of Net Assets [12]   1.40%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3]  
Interest Rate [1] 11.58%  
Principal/ Par (in Dollars) [1]  
Maturity Date [1] Dec. 27, 2029  
Fair Value (in Dollars) [1]  
Percentage of Net Assets [1] 0.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured revolving loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.25%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.24%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Apr. 20, 2025
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | I.D. Images Acquisition, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [2],[3],[12]   $ 2,450
Interest Rate   11.75%
Principal/ Par (in Dollars) [12]   $ 2,486
Maturity Date [12]   Jul. 30, 2026
Fair Value (in Dollars) [12]   $ 2,486
Percentage of Net Assets [12]   0.40%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]  
Interest Rate   11.61%
Principal/ Par (in Dollars) [12]  
Maturity Date [12]   Dec. 27, 2025
Fair Value (in Dollars) [12]  
Percentage of Net Assets [12]   0.00%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 3,510
Interest Rate   12.61%
Principal/ Par (in Dollars) [12]   $ 3,616
Maturity Date [12]   Dec. 17, 2026
Fair Value (in Dollars) [12]   $ 3,607
Percentage of Net Assets [12]   0.50%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | CGI Automated Manufacturing, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate   7.00%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan [Member] | United Safety & Survivability Corporation (USSC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 3,110
Interest Rate   11.79%
Principal/ Par (in Dollars) [12]   $ 3,160
Maturity Date [12]   Sep. 30, 2027
Fair Value (in Dollars) [12]   $ 3,160
Percentage of Net Assets [12]   0.50%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan Two [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 9,453  
Interest Rate [1] 11.42%  
Principal/ Par (in Dollars) [1] $ 9,618  
Maturity Date [1] Nov. 01, 2027  
Fair Value (in Dollars) [1] $ 9,618  
Percentage of Net Assets [1] 0.80%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan Two [Member] | EIS Legacy, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan One [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] [1],[2] [12],[13]
Interest Rate 11.43% [1] 11.20%
Principal/ Par (in Dollars) [1] [12]
Maturity Date Mar. 01, 2025 [1] Mar. 01, 2025 [12]
Fair Value (in Dollars) [1] [12]
Percentage of Net Assets 0.00% [1] 0.00% [12]
Investment Interest Rate   5.75%
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured delayed draw loan One [Member] | Krayden Holdings, Inc. [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 6.00%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3],[6] $ 21,017  
Interest Rate [1],[6] 11.58%  
Principal/ Par (in Dollars) [1],[6] $ 21,317  
Maturity Date [1],[6] Dec. 27, 2029  
Fair Value (in Dollars) [1],[6] $ 21,743  
Percentage of Net Assets [1],[6] 1.80%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | OAO Acquisitions, Inc. (BearCom) [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 6.25%  
Private Credit Investments [Member] | Trading companies & distributors [Member] | First lien senior secured loan [Member] | United Safety & Survivability Corporation (USSC) [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,490
Interest Rate   11.79%
Principal/ Par (in Dollars) [12]   $ 1,607
Maturity Date [12]   Sep. 28, 2027
Fair Value (in Dollars) [12]   $ 1,607
Percentage of Net Assets [12]   0.30%
Investment Interest Rate   6.25%
Private Credit Investments [Member] | Wireless telecommunication services [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 31,413 [1],[2] $ 30,591 [4],[12],[13]
Principal/ Par (in Dollars) 31,869 [1] 31,011 [4],[12]
Fair Value (in Dollars) $ 29,862 [1] $ 28,918 [4],[12]
Percentage of Net Assets 2.70% [1] 4.20% [4],[12]
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured revolving loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 1,778
Interest Rate   11.53%
Principal/ Par (in Dollars) [12]   $ 1,800
Maturity Date [12]   Aug. 10, 2027
Fair Value (in Dollars) [12]   $ 1,679
Percentage of Net Assets [12]   0.20%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 5,786 [1],[2],[6] $ 14,751 [12],[13]
Interest Rate 12.49% [1],[6] 11.53%
Principal/ Par (in Dollars) $ 5,865 [1],[6] $ 14,945 [12]
Maturity Date Aug. 10, 2027 [1],[6] Aug. 10, 2027 [12]
Fair Value (in Dollars) $ 5,469 [1],[6] $ 13,936 [12]
Percentage of Net Assets 0.50% [1],[6] 2.00% [12]
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1],[6] 1.00%  
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 996 [1],[2] $ 996 [12],[13]
Interest Rate 12.49% [1] 11.53%
Principal/ Par (in Dollars) $ 1,020 [1] $ 1,020 [12]
Maturity Date Aug. 10, 2027 [1] Aug. 10, 2027 [12]
Fair Value (in Dollars) $ 951 [1] $ 952 [12]
Percentage of Net Assets 0.10% [1] 0.10% [12]
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 1.00%  
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured delayed draw loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 6,949 [1],[2] $ 6,112 [12],[13]
Interest Rate 12.49% [1] 11.53%
Principal/ Par (in Dollars) $ 7,044 [1] $ 6,202 [12]
Maturity Date Aug. 10, 2027 [1] Aug. 10, 2027 [12]
Fair Value (in Dollars) $ 6,568 [1] $ 5,783 [12]
Percentage of Net Assets 0.60% [1] 0.90% [12]
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured delayed draw loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 1.00%  
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured loan One [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 9,788  
Interest Rate [1] 12.49%  
Principal/ Par (in Dollars) [1] $ 9,932  
Maturity Date [1] Aug. 10, 2027  
Fair Value (in Dollars) [1] $ 9,262  
Percentage of Net Assets [1] 0.80%  
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured loan One [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 1.00%  
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured revolving loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 1,786  
Interest Rate [1] 12.49%  
Principal/ Par (in Dollars) [1] $ 1,808  
Maturity Date [1] Aug. 10, 2027  
Fair Value (in Dollars) [1] $ 1,830  
Percentage of Net Assets [1] 0.20%  
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured revolving loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 1.00%  
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured delayed draw loan [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3],[12],[13]   $ 6,954
Interest Rate   11.53%
Principal/ Par (in Dollars) [12]   $ 7,044
Maturity Date [12]   Aug. 10, 2027
Fair Value (in Dollars) [12]   $ 6,568
Percentage of Net Assets [12]   1.00%
Investment Interest Rate   6.00%
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured delayed draw loan One [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [1],[2],[3] $ 6,108  
Interest Rate [1] 12.49%  
Principal/ Par (in Dollars) [1] $ 6,200  
Maturity Date [1] Aug. 10, 2027  
Fair Value (in Dollars) [1] $ 5,782  
Percentage of Net Assets [1] 0.50%  
Private Credit Investments [Member] | Wireless telecommunication services [Member] | First lien senior secured delayed draw loan One [Member] | Centerline Communications, LLC [Member] | Debt and Equity Investments [Member] | Paid In Kind [Member]    
Investment Interest Rate [1] 1.00%  
Private Credit Investments [Member] | Total Private Credit Debt Investments [Member] | Debt and Equity Investments [Member]    
Amortized Cost (in Dollars) [3] $ 1,808,343 [1],[2] $ 1,327,190 [4],[12],[13]
Principal/ Par (in Dollars) 1,835,979 [1] 1,353,096 [4],[12]
Fair Value (in Dollars) $ 1,828,431 [1] $ 1,346,174 [4],[12]
Percentage of Net Assets 155.20% [1] 197.10% [4],[12]
[1] As of June 30, 2024, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
[2] As of June 30, 2024, the tax cost of the Company’s investments approximates their amortized cost.
[3] The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.
[4] Debt investments are pledged to the Company’s credit facilities, and a single debt investment may be divided into parts that are individually pledged to separate credit facilities.
[5] Non-qualifying investment as defined by Section 55(a) of the Investment Company Act of 1940.  The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Company’s total assets. As of June 30, 2024, 9.5% of the Company’s total assets were in non-qualifying investments.
[6] Loan contains a variable rate structure, that may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Funding Rate (“SOFR” or “S”) (which can include one-, three- or six-month SOFR), or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate or “P”).
[7] The Company may be entitled to receive additional interest as a result of an arrangement with other lenders in the syndication. In exchange for the higher interest rate, the “last-out” portion is at a greater risk of loss.  Certain lenders represent a “first out” portion of the investment and have priority to the “last-out” portion with respect to payments of principal and interest.
[8] Debt investment on non-accrual status as of June 30, 2024.
[9] In November 2023, the Company completed a restructure of the investment in Arborworks Acquisition LLC whereby the existing term loan and revolver were restructured to a new term loan and preferred and common equity. KABDC Corp II, LLC, a wholly owned subsidiary of the Company, holds the preferred and common equity of Arborworks Acquisition LLC that the Company owns following this restructure.
[10] Non-income producing investment.
[11] The Company has a senior secured loan in an investment vehicle (BC CS 2, L.P.) that is collateralized by a preferred stock investment in Cuisine Solutions, Inc..
[12] As of December 31, 2023, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
[13] As of December 31, 2023, the tax cost of the Company’s investments approximates their amortized cost.
[14] Non-qualifying investment as defined by Section 55(a) of the Investment Company Act of 1940. The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2023, 4.8% of the Company’s total assets were in non-qualifying investments.
[15] Debt investment on non-accrual status as of December 31, 2023.
v3.24.2.u1
Consolidated Schedule of Investments II (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Automobile components    
Fair Value $ 1,867,402 $ 1,376,300
Total Private Investments [Member]    
Automobile components    
Cost $ 1,825,906 $ 1,343,223
Percentage of Net Assets 156.80% 199.60%
Fair Value $ 1,847,058 $ 1,363,498
Short-Term Investments [Member]    
Automobile components    
Fair Value 20,344 12,802
Short-Term Investments [Member] | Total Short-Term Investments [Member]    
Automobile components    
Cost $ 20,344  
Number of Shares/Units (in Shares) 20,343,897  
Percentage of Net Assets 1.70%  
Fair Value $ 20,344  
Total Investments [Member]    
Automobile components    
Cost $ 1,846,250 $ 1,356,025
Percentage of Net Assets 158.50% 201.50%
Fair Value $ 1,867,402 $ 1,376,300
Liabilities in Excess of Other Assets [Member]    
Automobile components    
Percentage of Net Assets (58.50%) (101.50%)
Liabilities in Excess of Other Assets $ (689,226) $ (693,244)
Net Assets [Member]    
Automobile components    
Percentage of Net Assets 100.00% 100.00%
Net Assets $ 1,178,176 $ 683,056
Total Short-Term Investments [Member]    
Automobile components    
Cost   $ 12,802
Number of Shares/Units (in Shares)   12,802,362
Percentage of Net Assets   1.90%
Fair Value   $ 12,802
Auto components [Member] | Equity Investments [Member]    
Automobile components    
Cost $ 250  
Percentage of Net Assets 0.10%  
Fair Value $ 730  
Auto components [Member] | Equity Investments [Member] | Vehicle Accessories, Inc. - Class A common [Member]    
Automobile components    
Cost [1]  
Number of Shares/Units (in Shares) [1] 128,250  
Percentage of Net Assets [1] 0.10%  
Fair Value [1] $ 425  
Auto components [Member] | Equity Investments [Member] | Vehicle Accessories, Inc. - preferred [Member]    
Automobile components    
Cost [1] $ 250  
Number of Shares/Units (in Shares) [1] 250,000  
Percentage of Net Assets [1] 0.00%  
Fair Value [1] $ 305  
Commercial services & supplies [Member] | Equity Investments [Member]    
Automobile components    
Cost $ 10,115 $ 10,115
Number of Shares/Units (in Shares)   628,931
Percentage of Net Assets 0.90% 1.60%
Fair Value $ 10,796 $ 10,995
Commercial services & supplies [Member] | Equity Investments [Member] | American Equipment Holdings LLC - Class A units [Member]    
Automobile components    
Cost [2] $ 284  
Number of Shares/Units (in Shares) [2] 426  
Percentage of Net Assets [2] 0.00%  
Fair Value [2] $ 518  
Commercial services & supplies [Member] | Equity Investments [Member] | Arborworks Acquisition LLC – Class A Preferred Units [Member]    
Automobile components    
Cost $ 9,179 [3] $ 9,179 [4]
Number of Shares/Units (in Shares) 21,716 [3] 21,716 [4]
Percentage of Net Assets 0.80% [3] 1.40% [4]
Fair Value $ 9,078 [3] $ 9,287 [4]
Commercial services & supplies [Member] | Equity Investments [Member] | Arborworks Acquisition LLC – Class B Preferred Units [Member]    
Automobile components    
Cost [3] [4]
Number of Shares/Units (in Shares) 21,716 [3] 21,716 [4]
Percentage of Net Assets 0.00% [3] 0.00% [4]
Fair Value [3] [4]
Commercial services & supplies [Member] | Equity Investments [Member] | Arborworks Acquisition LLC – Class A Common Units [Member]    
Automobile components    
Cost [3] [4]
Number of Shares/Units (in Shares) 2,604 [3] 2,604 [4]
Percentage of Net Assets 0.00% [3] 0.00% [4]
Fair Value [3] [4]
Commercial services & supplies [Member] | Equity Investments [Member] | BLP Buyer, Inc. (Bishop Lifting Products) - Class A common [Member]    
Automobile components    
Cost [5] $ 652 $ 652
Number of Shares/Units (in Shares) [5] 582,469 582,469
Percentage of Net Assets [5] 0.10% 0.10%
Fair Value [5] $ 1,200 $ 1,200
Commercial services & supplies [Member] | Equity Investments [Member] | American Equipment Holdings LLC- Class A units [Member]    
Automobile components    
Cost [6]   $ 284
Number of Shares/Units (in Shares) [6]   426
Percentage of Net Assets [6]   0.10%
Fair Value [6]   $ 508
Containers & packaging [Member] | Equity Investments [Member]    
Automobile components    
Cost $ 500  
Percentage of Net Assets 0.00%  
Fair Value $ 500  
Containers & packaging [Member] | Equity Investments [Member] | Robinette Company Acquisition, LLC [Member]    
Automobile components    
Cost [7]  
Number of Shares/Units (in Shares) [7] 9  
Percentage of Net Assets [7] 0.00%  
Fair Value [7]  
Containers & packaging [Member] | Equity Investments [Member] | Robinette Company Acquisition, LLC [Member]    
Automobile components    
Cost [7] $ 500  
Number of Shares/Units (in Shares) [7] 500  
Percentage of Net Assets [7] 0.00%  
Fair Value [7] $ 500  
Food products [Member] | Equity Investments [Member] | BC CS 2, L.P. (Cuisine Solutions) [Member]    
Automobile components    
Cost [8],[9] $ 2,000  
Number of Shares/Units (in Shares) [8],[9] 2,000,000  
Percentage of Net Assets [8],[9] 0.30%  
Fair Value [8],[9] $ 2,834  
Food products [Member] | Equity Investments [Member] | CCFF Parent, LLC (California Custom Fruits & Flavors, LLC) [Member]    
Automobile components    
Cost [7] $ 750  
Number of Shares/Units (in Shares) [7] 750  
Percentage of Net Assets [7] 0.10%  
Fair Value [7] $ 875  
Food products [Member] | Equity Investments [Member] | City Line Distributors, LLC - Class A units [Member]    
Automobile components    
Cost [7] $ 670 $ 418
Number of Shares/Units (in Shares) [7] 669,866 418,416
Percentage of Net Assets [7] 0.10% 0.10%
Fair Value [7] $ 777 $ 418
Food products [Member] | Equity Investments [Member] | Gulf Pacific Holdings, LLC - Class A common [Member]    
Automobile components    
Cost $ 250 [2] $ 250 [6]
Number of Shares/Units (in Shares) 250 [2] 250 [6]
Percentage of Net Assets 0.00% [2] 0.00% [6]
Fair Value $ 46 [2] $ 189 [6]
Food products [Member] | Equity Investments [Member] | Gulf Pacific Holdings, LLC - Class C common [Member]    
Automobile components    
Cost [2] [6]
Number of Shares/Units (in Shares) 250 [2] 250 [6]
Percentage of Net Assets 0.00% [2] 0.00% [6]
Fair Value [2] [6]
Food products [Member] | Equity Investments [Member] | IF&P Foods, LLC (FreshEdge) - Class A preferred [Member]    
Automobile components    
Cost $ 750 [2] $ 750 [6]
Number of Shares/Units (in Shares) 750 [2] 750 [6]
Percentage of Net Assets 0.10% [2] 0.10% [6]
Fair Value $ 907 [2] $ 905 [6]
Food products [Member] | Equity Investments [Member] | IF&P Foods, LLC (FreshEdge) - Class B common [Member]    
Automobile components    
Cost [2] [6]
Number of Shares/Units (in Shares) 750 [2] 750 [6]
Percentage of Net Assets 0.00% [2] 0.00% [6]
Fair Value [2] [6]
Food products [Member] | Equity Investments [Member] | Siegel Parent, LLC [Member]    
Automobile components    
Cost $ 250 [10] $ 250 [11]
Number of Shares/Units (in Shares) 250 [10] 250 [11]
Percentage of Net Assets 0.00% [10] 0.00% [11]
Fair Value $ 35 [10] $ 72 [11]
Food products [Member] | Equity Investments [Member] | Siegel Egg Co., LLC - Convertible Note [Member]    
Automobile components    
Cost [10] $ 28  
Number of Shares/Units (in Shares) [10] 28  
Percentage of Net Assets [10] 0.00%  
Fair Value [10] $ 28  
Food products [Member] | Equity Investments [Member] | BC CS 2, L.P. (Cuisine Solutions) [Member]    
Automobile components    
Cost [8],[9]   $ 2,000
Number of Shares/Units (in Shares) [8],[9]   2,000,000
Percentage of Net Assets [8],[9]   0.40%
Fair Value [8],[9]   $ 2,611
Food products [Member] | Equity Investments [Member] | BC CS 2, L.P. (Cuisine Solutions) [Member]    
Automobile components    
Cost $ 4,698  
Percentage of Net Assets 0.60%  
Fair Value $ 5,502  
Food products [Member] | Equity Investments [Member] | BC CS 2, L.P. (Cuisine Solutions) [Member]    
Automobile components    
Cost   $ 3,668
Number of Shares/Units (in Shares)   2,420,666
Percentage of Net Assets   0.60%
Fair Value   $ 4,195
Healthcare Equipment & Supplies [Member] | Equity Investments [Member] | LSL Industries, LLC (LSL Healthcare) [Member]    
Automobile components    
Cost $ 750 [2] $ 750 [6]
Number of Shares/Units (in Shares) 7,500 [2] 7,500 [6]
Percentage of Net Assets 0.00% [2] 0.10% [6]
Fair Value $ 314 [2] $ 552 [6]
IT services [Member] | Equity Investments [Member] | Domain Information Services Inc. (Integris) [Member]    
Automobile components    
Cost $ 250 $ 250
Number of Shares/Units (in Shares) 250,000 250,000
Percentage of Net Assets 0.00% 0.00%
Fair Value $ 344 $ 344
Specialty retail [Member] | Equity Investments [Member] | Sundance Direct Holdings, Inc. - common [Member]    
Automobile components    
Cost
Number of Shares/Units (in Shares) 21,479 21,479
Percentage of Net Assets 0.00% 0.00%
Fair Value
Textiles, apparel & luxury goods [Member] | Equity Investments [Member]    
Automobile components    
Cost $ 17,563  
Percentage of Net Assets 1.60%  
Fair Value $ 18,627  
Textiles, apparel & luxury goods [Member] | Equity Investments [Member] | American Soccer Company, Incorporated (SCORE) [Member]    
Automobile components    
Cost $ 1,000 [10] $ 1,000 [11]
Number of Shares/Units (in Shares) 1,000,000 [10] 1,000,000 [11]
Percentage of Net Assets 0.00% [10] 0.10% [11]
Fair Value $ 441 [10] $ 620 [11]
Textiles, apparel & luxury goods [Member] | Equity Investments [Member]    
Automobile components    
Cost   $ 16,033
Percentage of Net Assets   2.50%
Fair Value   $ 17,324
Morgan Stanley Institutional Liquidity Fund, Institutional Class, 5.14% [Member] | Short-Term Investments [Member]    
Automobile components    
Cost [12] $ 20,344  
Number of Shares/Units (in Shares) [12] 20,343,897  
Percentage of Net Assets [12] 1.70%  
Fair Value [12] $ 20,344  
Automobile components [Member] | Equity Investments [Member]    
Automobile components    
Cost   $ 250
Number of Shares/Units (in Shares)   378,250
Percentage of Net Assets   0.10%
Fair Value   $ 618
Automobile components [Member] | Equity Investments [Member] | Vehicle Accessories, Inc. - Class A common [Member]    
Automobile components    
Cost [1]  
Number of Shares/Units (in Shares) [1]   128,250
Percentage of Net Assets [1]   0.00%
Fair Value [1]   $ 326
Automobile components [Member] | Equity Investments [Member] | Vehicle Accessories, Inc. - preferred [Member]    
Automobile components    
Cost [1]   $ 250
Number of Shares/Units (in Shares) [1]   250,000
Percentage of Net Assets [1]   0.10%
Fair Value [1]   $ 292
First American Treasury Obligations Fund - Institutional Class Z, 5.21% [Member] | Short-Term Investments [Member]    
Automobile components    
Cost [13]   $ 12,802
Number of Shares/Units (in Shares) [13]   12,802,362
Percentage of Net Assets [13]   1.90%
Fair Value [13]   $ 12,802
[1] The Company owns 0.19% of the common equity and 0.43% of the preferred equity of Vehicle Accessories, Inc.
[2] The Company owns 26.62% of a pass-through, taxable limited liability company, KSCF IV Equity Aggregator Blocker, LLC (the “Aggregator Blocker”), which holds the Company’s equity investments in American Equipment Holdings LLC, Gulf Pacific Holdings, LLC, IF&P Foods, LLC (FreshEdge) and LSL Industries, LLC (LSL Healthcare). Through the Company’s ownership of the Aggregator Blocker, the Company owns the respective units of each company listed above in the Schedule of Investments.
[3] In November 2023, the Company completed a restructure of the investment in Arborworks Acquisition LLC whereby the existing term loan and revolver were restructured to a new term loan and preferred and common equity. KABDC Corp II, LLC, a wholly owned subsidiary of the Company, holds the preferred and common equity of Arborworks Acquisition LLC that the Company owns following this restructure.
[4] In November 2023, the Company completed a restructure of the investment in Arborworks Acquisition LLC whereby the existing term loan and revolver were restructured to a new term loan and preferred and common equity. KABDC Corp II, LLC, a wholly owned subsidiary of the Company, holds the preferred and common equity of Arborworks Acquisition LLC that the Company owns following this restructure.
[5] The Company owns 0.53% of the common equity BLP Buyer, Inc. (Bishop Lifting Products).
[6] The Company owns 27.15% of a pass-through, taxable limited liability company, KSCF IV Equity Aggregator Blocker, LLC (the “Aggregator Blocker”), which holds the Company’s equity investments in American Equipment Holdings LLC, Gulf Pacific Holdings, LLC, IF&P Foods, LLC (FreshEdge) and LSL Industries, LLC (LSL Healthcare). Through the Company’s ownership of the Aggregator Blocker, the Company owns the respective units of each company listed above in the Schedule of Investments.
[7] KABDC Corp, LLC, a wholly owned subsidiary of the Company, owns 0.62% of the common equity of City Line Distributors, LLC, 0.75% of the common equity of CCFF Parent, LLC (California Custom Fruits & Flavors, LLC) and 0.89% of the equity interest of Robinette Company Acquisition, LLC.
[8] Non-qualifying investment as defined by Section 55(a) of the Investment Company Act of 1940.  The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2023, 4.8% of the Company’s total assets were in non-qualifying investments.
[9] The Company has a senior secured loan in an investment vehicle (BC CS 2, L.P.) that is collateralized by a preferred stock investment in Cuisine Solutions, Inc..
[10] The Company owns 23.34% of a pass-through limited liability company, KSCF IV Equity Aggregator, LLC (the “Aggregator”), which holds the Company’s equity investments in Siegel Parent, LLC and American Soccer Company, Incorporated (SCORE).  The Aggregator’s ownership of Siegel Parent, LLC is 1.1442%. Through the Company’s ownership of the Aggregator, the Company owns the respective units of each company listed above in the Schedule of Investments.
[11] The Company owns 33.95% of a pass-through limited liability company, KSCF IV Equity Aggregator, LLC (the “Aggregator”), which holds the Company’s equity investments in Siegel Parent, LLC and American Soccer Company, Incorporated (SCORE).  The Aggregator’s ownership of Siegel Parent, LLC is 1.1442%. Through the Company’s ownership of the Aggregator, the Company owns the respective units of each company listed above in the Schedule of Investments.
[12] The indicated rate is the yield as of June 30, 2024.
[13] The indicated rate is the yield as of December 31, 2023.
v3.24.2.u1
Organization
 6 Months Ended
Jun. 30, 2024
Organization [Abstract]  
Organization

Note 1. Organization

 

Organization

 

Kayne Anderson BDC, Inc. (the “Company”) is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for U.S. federal income tax purposes, the Company intends to qualify as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”).

 

The Company was formed as a Delaware corporation to make investments in middle-market companies and commenced operations on February 5, 2021.

 

The Company is managed by KA Credit Advisors, LLC (the “Advisor”), an indirect controlled subsidiary of Kayne Anderson Capital Advisors, L.P. (“Kayne Anderson”), a prominent alternative investment management firm. The Advisor is registered with the United States Securities and Exchange Commission (the “SEC”) under the Investment Advisers Act of 1940, as amended. Subject to the overall supervision of the Company’s board of directors (the “Board”), the Advisor is responsible for originating prospective investments, conducting research and due diligence investigations on potential investments, analyzing investment opportunities, negotiating and structuring investments, determining the value of the investments and monitoring its investments and portfolio companies on an ongoing basis. The Board consists of seven directors, four of whom are independent.

 

The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through debt investments in middle-market companies.

 

On May 24, 2024, the Company closed its initial public offering (“IPO”), issuing 6,000,000 shares of its common stock at a public offering price of $16.63 per share. Net of underwriting fees, the Company received net cash proceeds, before offering expenses, of $93,793. The Company’s common stock began trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “KBDC” on May 22, 2024.

 

Prior to its IPO, the Company conducted private offerings of its common stock to investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). At the closing of any private offering, each investor made a capital commitment to purchase shares of its common stock pursuant to a subscription agreement entered into with the Company. From its initial closing of the private offering (the “Initial Closing”) on February 5, 2021 through its final capital call closing on April 2, 2024, the Company issued shares of its common stock equal to the aggregate capital commitment of $1,046,928. Following the final closing on April 2, 2024, the Company had no remaining undrawn capital commitments.
v3.24.2.u1
Significant Accounting Policies
 6 Months Ended
Jun. 30, 2024
Significant Accounting Policies [Abstract]  
Significant Accounting Policies

Note 2. Significant Accounting Policies

 

A. Basis of Presentation—the accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company is an investment company and follows accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946 — “Financial Services — Investment Companies.” In the opinion of management, all adjustments, which are of a normal recurring nature, considered necessary for the fair statement of the consolidated financial statements for the periods presented, have been included.

 

B. Consolidation—As provided under Regulation S-X and ASC Topic 946 – “Financial Services – Investment Companies”, the Company will generally not consolidate its investment in a company other than a wholly-owned investment company or controlled operating company whose business consists of providing services to the Company.

 

Accordingly, the Company consolidated the accounts of the Company’s wholly-owned subsidiaries, Kayne Anderson BDC Financing, LLC, (“KABDCF”); Kayne Anderson BDC Financing II, LLC (“KABDCF II”); KABDC Corp, LLC and KABDC Corp II, LLC in its consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation. KABDC Corp, LLC and KABDC Corp II, LLC are Delaware LLCs that have elected to be treated as corporations for U.S. tax purposes and were formed to facilitate compliance with the requirements to be treated as a RIC under the Code by holding (directly or indirectly through a subsidiary) equity or equity related investments in portfolio companies organized as limited liability companies or limited partnerships.

 

C. Use of Estimates—the preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Actual results could differ materially from those estimates.

 

D. Cash and Cash Equivalents—cash and cash equivalents include short-term, liquid investments with an original maturity of three months or less and include money market fund accounts. Cash equivalents, which are the Company’s investments in money market fund accounts, are presented on the Company’s consolidated schedule of investments, and within investments on the Company’s consolidated statement of assets and liabilities.

 

E. Investment Valuation, Fair Value—the Company conducts the valuation of its investments consistent with GAAP and the 1940 Act. The Company’s investments will be valued no less frequently than quarterly, in accordance with the terms of Topic 820 of the Financial Accounting Standards Board’s Accounting Standards Codification, Fair Value Measurement and Disclosures (“ASC 820”).

 

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Directors has designated the Advisor as the “valuation designee” to perform fair value determinations of the Company’s portfolio holdings, subject to oversight by and periodic reporting to the Board. The valuation designee performs fair valuation of the Company’s portfolio holdings in accordance with the Advisor’s Valuation Program, as approved by the Board.

 

Traded Investments (Level 1 or Level 2)

 

Investments for which market quotations are readily available will typically be valued at those market quotations. Traded investments such as corporate bonds, preferred stock, bank notes, broadly syndicated loans or loan participations are valued by using the bid price provided by an independent pricing service, by an independent broker, the agent bank, syndicate bank or principal market maker. When price quotes for investments are not available, or such prices are stale or do not represent fair value in the judgment of the Company’s Advisor, fair market value will be determined using the Advisor’s valuation process for investments that are privately issued or otherwise restricted as to resale.

 

The Company may also invest, to a lesser extent, in equity securities purchased in conjunction with debt investments. While the Company anticipates these equity securities to be issued by privately held companies, the Company may hold equity securities that are publicly traded. Equity securities listed on any exchange other than the NASDAQ Stock Market, Inc. (“NASDAQ”) are valued, except as indicated below, at the last sale price on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the most recent bid and ask prices on such day. Securities admitted to trade on the NASDAQ are valued at the NASDAQ official closing price. Equity securities traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined at the close of the exchange representing the principal market for such securities. Equity securities traded in the over-the-counter market, but excluding securities admitted to trading on the NASDAQ, are valued at the closing bid prices.

 

Non-Traded Investments (Level 3)

 

Investments that are privately issued or otherwise restricted as to resale, as well as any security for which (a) reliable market quotations are not available in the judgment of the Company’s Advisor, or (b) the independent pricing service or independent broker does not provide prices or provides a price that in the judgment of the Company’s Advisor is stale or does not represent fair value, shall each be valued in a manner that most fairly reflects fair value of the security on the valuation date. The Company expects that a significant majority of its investments will be Level 3 investments. Unless otherwise determined by the Advisor, the following valuation process is used for the Company’s Level 3 investments:

 

●Valuation Designee. The applicable investments will be valued no less frequently than quarterly by the Advisor, with new investments valued at the time such investment was made. The value of each Level 3 investment will be initially reviewed by the persons responsible for such portfolio company or investment. The Advisor will use a standardized template designed to approximate fair market value based on observable market inputs, updated credit statistics and unobservable inputs to determine a preliminary value. The Advisor will specify the titles of the persons responsible for determining the fair value of Company investments, including by specifying the particular functions for which they are responsible, and will reasonably segregate fair value determinations from the portfolio management of the Company such that the portfolio manager(s) may not determine, or effectively determine by exerting substantial influence on, the fair values ascribed to portfolio investments.

 

●Valuation Firm. Quarterly, a third-party valuation firm engaged by the Advisor reviews the valuation methodologies and calculations employed for each of the Company’s investments that the Advisor has placed on the “watch list” and approximately 25% of the Company’s remaining investments. The third-party valuation firm will review and independently value all of the Level 3 investments at least once per year, on a rolling twelve-month basis. The quarterly report issued by the third-party valuation firm will provide positive assurance on the fair values of the investments reviewed.

 

●Oversight. The Board has appointed the Advisor as the valuation designee for the Company for purposes of making determinations of fair value as permitted by Rule 2a-5 under the 1940 Act. The Audit Committee shall aid the Board in overseeing the Advisor’s fair valuation of securities that are not publicly traded or for which current market values are not readily available. The Audit Committee shall meet quarterly to review the fair value determinations, processes and written reports of the Advisor as part of the Board’s oversight responsibilities.

 

Determination of fair value involves subjective judgments and estimates. Accordingly, the notes to the Company’s financial statements will express the uncertainty with respect to the possible effect of such valuations, and any change in such valuations, on the Company’s financial statements.

 

F. Interest Income Recognition— Interest income is recorded on an accrual basis and includes the accretion of discounts, amortization of premiums and payment-in-kind (“PIK”) interest. Discounts from and premiums to par value on investments purchased are accreted/amortized into interest income over the life of the respective security using the effective yield method. To the extent loans contain PIK provisions, PIK interest, computed at the contractual rate specified in each applicable agreement, is accrued and recorded as interest income and added to the principal balance of the loan. PIK interest income added to the principal balance is generally collected upon repayment of the outstanding principal. The Company does not accrue PIK interest if, in the opinion of the Advisor, the portfolio company valuation indicates that the PIK interest is not likely to be collectible. If the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through PIK interest income. Previously capitalized PIK interest is not reversed when an investment is placed on non-accrual status. To maintain the Company’s status as a RIC, this non-cash source of income must be paid out to stockholders in the form of dividends for the year the income was earned, even though the Company has not yet collected the cash. The amortized cost of investments represents the original cost adjusted for any accretion of discounts, amortization of premiums and PIK interest. For the six months ended June 30, 2024 and 2023, the Company had $663 and $1,035, respectively, of PIK interest included in interest income, which represents 0.7% and 1.3%, respectively, of aggregate interest income.

 

Loans are generally placed on non-accrual status when it has been determined that a significant impairment in the financial condition and ability of the borrower to repay principal and interest has occurred and is expected to continue such that it is probable the collectability of full amount of the loan (principal and interest) is doubtful. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. If cash payments are received subsequent to a loan being placed on non-accrual status, these payments will first be applied to previously accrued but uncollected interest, then to recover the principal. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Non-accrual loans are restored to accrual status when past due principal and interest are paid or there is no longer a reasonable doubt that such principal or interest will be collected in full and, in the Company’s judgment, principal and interest are likely to remain current. The Company may make exceptions to this policy if the loan has sufficient collateral value (i.e., typically measured as enterprise value of the portfolio company) or is in the process of collection. As of June 30, 2024, the Company had two debt investments on non-accrual status, which comprised 1.2% and 1.0%, respectively, of total debt investments at cost and fair value. As of June 30, 2023, the Company did not have any debt investments in portfolio companies on non-accrual status.

 

G. Debt Issuance Costs—Costs incurred by the Company related to the issuance of its debt (credit facilities) are capitalized and amortized over the period the debt is outstanding. The Company has classified the costs incurred to issue its credit facilities as a deduction from the carrying value of the credit facilities on the Statement of Assets and Liabilities. For the purpose of calculating the Company’s asset coverage ratios pursuant to the 1940 Act, deferred issuance costs are not deducted from the carrying value of debt or preferred stock.

 

H. Dividends to Common Stockholders—Dividends to common stockholders are recorded on the record date. The amount to be paid out as a dividend is determined by the Company’s board of directors each quarter and is generally based upon the earnings estimated by management and considers the level of undistributed taxable income carried forward from the prior year for distribution in the current year. Net realized capital gains, if any, are generally distributed, although the Company may decide to retain such capital gains for investment.

 

I. Income Taxes—it is the Company’s intention to continue to be treated as and to qualify each year for special tax treatment afforded a RIC under the Code. As long as the Company meets certain requirements that govern its sources of income, diversification of assets and timely distribution of earnings to stockholders, the Company will not be subject to U.S. federal income tax.

 

The Company must pay distributions equal to 90% of its investment company taxable income (ordinary income and short-term capital gains) to qualify as a RIC and it must distribute all of its taxable income (ordinary income, short-term capital gains and long-term capital gains) to avoid federal income taxes. The Company will be subject to federal income tax on any undistributed portion of income. For purposes of the distribution test, the Company may elect to treat as paid on the last day of its taxable year all or part of any distributions that are declared after the end of its taxable year if such distributions are declared before the due date of its tax return, including any extensions.

 

All RICs are subject to a non-deductible 4% excise tax on income that is not distributed on a timely basis in accordance with the calendar year distribution requirements. To avoid the tax, the Company must distribute during each calendar year an amount at least equal to the sum of (i) 98% of its ordinary income for the calendar year, (ii) 98.2% of its net capital gains for the one-year period ending on December 31, the last day of our taxable year, and (iii) undistributed amounts from previous years on which the Company paid no U.S. federal income tax. A distribution will be treated as paid during the calendar year if it is paid during the calendar year or declared by the Company in October, November or December of such year, payable to stockholders of record on a date during such months and paid by the Company no later than January of the following year. Any such distributions paid during January of the following year will be deemed to be received by stockholders on December 31 of the year the distributions are declared, rather than when the distributions are actually received.

 

The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof.

 

J. Commitments and Contingencies—in the normal course of business, the Company may enter into contracts that provide a variety of general indemnifications. Any exposure to the Company under these arrangements could involve future claims that may be made against the Company. Currently, no such claims exist or are expected to arise and, accordingly, the Company has not accrued any liability in connection with such indemnifications. 
v3.24.2.u1
Agreements and Related Party Transactions
 6 Months Ended
Jun. 30, 2024
Agreements and Related Party Transactions [Abstract]  
Agreements and Related Party Transactions

Note 3. Agreements and Related Party Transactions

 

A. Administration Agreement—on February 5, 2021, the Company entered into an Administration Agreement with its Advisor, which serves as its Administrator and will provide or oversee the performance of its required administrative services and professional services rendered by others, which will include (but are not limited to), accounting, payment of our expenses, legal, compliance, operations, technology and investor relations, preparation and filing of its tax returns, and preparation of financial reports provided to its stockholders and filed with the SEC. On March 6, 2024, the Board approved an additional one-year term of the Administration Agreement through March 15, 2025.

 

The Company will reimburse the Administrator for its costs and expenses incurred in performing its obligations under the Administration Agreement, which may include, after completion of its initial public offering, its allocable portion of office facilities, overhead, and compensation paid to or compensatory distributions received by its officers (including our Chief Compliance Officer and Chief Financial Officer) and its respective staff who provide services to the Company. As the Company reimburses the Administrator for its expenses, the Company will indirectly bear such cost. The Administration Agreement may be terminated by either party with 60 days’ written notice.

 

B. Investment Advisory Agreement—on February 5, 2021, the Company entered into an Investment Advisory Agreement with its Advisor. Pursuant to the Investment Advisory Agreement with its Advisor, the Company will pay its Advisor a fee for investment advisory and management services consisting of two components—a base management fee and an incentive fee. The Advisor may, from time-to-time, grant waivers on the Company’s obligations, including waivers of the base management fee and/or incentive fee, under the Investment Advisory Agreement. The Investment Advisory Agreement may be terminated by either party with 60 days’ written notice. On March 6, 2024, the Board approved an additional one-year term of the Investment Advisory Agreement from March 16, 2024 to March 15, 2025.

 

In addition, on March 6, 2024, the Board approved an amended and restated investment advisory agreement (the “Amended Investment Advisory Agreement”) and a fee waiver agreement (the “Fee Waiver Agreement”) between the Company and the Advisor, which became effective upon the completion of the initial public offering of the Company’s shares of common stock on May 24, 2024 (the “IPO Date”).

 

The Amended Investment Advisory Agreement is materially the same as the Investment Advisory Agreement except, following the IPO Date, the base management fee is calculated at an annual rate of 1.00% and the incentive fee on income is subject to a twelve-quarter lookback quarterly hurdle rate of 1.50% as opposed to a single quarter measurement and is subject to an Incentive Fee Cap (as defined below) based on the Company’s Cumulative Pre-Incentive Fee Net Return (as defined below). This lookback feature provides that the Advisor’s income incentive fee may be reduced if the Company’s portfolio experiences aggregate write-downs or net capital losses during the applicable Trailing Twelve Quarters (as defined below). Pursuant to the Fee Waiver Agreement, commencing on the IPO Date, the Advisor implemented waivers of (i) the income incentive fee for three calendar quarters commencing the quarter the initial public offering was completed and (ii) a portion of the base management fee for one year following the completion of the initial public offering. Amounts waived by the Advisor pursuant to the Fee Waiver Agreement are not subject to recoupment by the Advisor.

 

Base Management Fee

 

Prior to the IPO Date, the base management fee was calculated at an annual rate of 0.90% of the fair market value of the Company’s investments including, in each case, assets purchased with borrowings under credit facilities and issuances of senior unsecured notes, but excluding cash, U.S. government securities and commercial paper instruments maturing within one year of purchase.

 

Commencing on the IPO Date, the base management fee is calculated at an annual rate of 1.00% of the fair market value of the Company’s investments. Since the IPO Date was on a date other than the first day of a calendar quarter, the management fee was calculated for the calendar quarter at a weighted rate based on the fee rates applicable before and after the IPO Date based on the number of days in such calendar quarter before and after the IPO Date. Pursuant to the Fee Waiver Agreement, commencing on the IPO Date, the Advisor has contractually agreed to waive the base management fee at an annual rate of 0.25% for one year following the IPO Date.

 

For the three months ended June 30, 2024, the Company incurred base management fees of $3,780, net of waiver of $471. For the three months ended June 30, 2023, the Company incurred base management fees of $2,848.

 

For the six months ended June 30, 2024, the Company incurred base management fees of $7,302, net of waiver of $471. For the six months ended June 30, 2023, the Company incurred base management fees of $5,533.

 

Incentive Fee

 

The Company also pays the Advisor an incentive fee. The incentive fee consists of two parts—an incentive fee on income and an incentive fee on capital gains. Described in more detail below, these components of the incentive fee are largely independent of each other with the result that one component may be payable even if the other is not. 

 

Incentive Fee on Income

 

The incentive fee based on income (the “income incentive fee”) is determined and paid quarterly in arrears in cash. The Company’s quarterly pre-incentive fee net investment income must exceed a preferred return of 1.50% of the Company’s net asset value (“NAV”) at the end of the immediately preceding calendar quarter (6.0% annualized but not compounded) (the “Hurdle Amount”) in order for the Company to receive an income incentive fee. Prior to the IPO Date, the income incentive fee is calculated as 100% of our pre-incentive fee net investment income for the immediately preceding calendar quarter in excess of 1.50% of the Company’s NAV at the end of the immediately preceding calendar quarter until the Advisor has received 10% of the total pre-incentive fee net income for that calendar quarter and, for pre-incentive fee net investment income in excess of 1.6667%, 10% of all remaining pre-incentive fee net investment income for that quarter. Pre-incentive fee net investment income excludes any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

 

Commencing on the IPO Date, the Company will pay the Advisor an income incentive fee based on its aggregate pre-incentive fee net investment income with respect to (i) the quarter ended June 30, 2024 (the “First Calendar Quarter”) and (ii) each subsequent calendar quarter, with the then-current calendar quarter and the eleven preceding calendar quarters beginning with the calendar quarter after the First Calendar Quarter (or the appropriate portion thereof in the case of any of the Company’s first eleven calendar quarters that commence after the First Calendar Quarter) (those calendar quarters after the First Calendar Quarter, the “Trailing Twelve Quarters”).

 

For the First Calendar Quarter, pre-incentive fee net investment income in respect of the First Calendar Quarter will be compared to a hurdle rate of 1.50% (6.00% annualized). The income incentive fee for the First Calendar Quarter will be determined as follows:

 

●no income incentive fee is payable to the Advisor if the aggregate pre-incentive fee net investment income for the First Calendar Quarter does not exceed that hurdle rate;

 

●100% of the aggregate pre-incentive fee net investment income with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds that hurdle rate, but is less than a quarterly rate of 1.6667% for the portion of the First Calendar Quarter before the initial public offering and a quarterly rate of 1.7647% for the portion of the First Calendar Quarter after the initial public offering, referred to the “catch-up.” The “catch-up” is meant to provide the Advisor with approximately 10.0% of the Company’s pre-incentive fee net investment income for the portion of the First Calendar Quarter before the initial public offering and 15.0% for the balance of that First Calendar Quarter, as if the hurdle rate did not apply; and

 

●10.0% of the aggregate pre-incentive fee net investment income, if any, that exceeds a quarterly rate of 1.6667% for the portion of the First Calendar Quarter before the initial public offering and 15.0% of the aggregate pre-incentive fee net investment income, if any, that exceeds a quarterly rate of 1.7647% for the balance of the First Calendar Quarter.

 

Commencing with the calendar quarter beginning immediately after the First Calendar Quarter, subject to the Incentive Fee Cap (described below), the pre-incentive fee net investment income in respect of the relevant Trailing Twelve Quarters will be compared to a “Hurdle Rate” equal to the product of (i) the hurdle rate of 1.50% per quarter (6.00% annualized) and (ii) the sum of our net assets at the beginning of each applicable calendar quarter comprising the relevant Trailing Twelve Quarters. The Hurdle Rate will be calculated after making appropriate adjustments to the Company’s net asset value at the beginning of each applicable calendar quarter for all issuances by the Company of shares of its common stock, including issuances pursuant to its dividend reinvestment plan, and distributions during the applicable calendar quarter. The income incentive fee for each calendar quarter will be determined as follows:

 

●no income incentive fee is payable to the Advisor in any calendar quarter in which aggregate pre-incentive fee net investment income in respect of the relevant Trailing Twelve Quarters does not exceed the Hurdle Rate;

 

●100% of the aggregate pre-incentive fee net investment income in respect of the Trailing Twelve Quarters with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the Hurdle Rate, but is less than or equal to an amount, which we refer to as the “Catch-up Amount,” determined on a quarterly basis by multiplying 1.7647% by the Company’s net asset value at the beginning of each applicable calendar quarter comprising the relevant Trailing Twelve Quarters (after making appropriate adjustments to the Company’s net asset value at the beginning of each applicable calendar quarter for all issuances by the Company of shares of its common stock, including issuances pursuant to its dividend reinvestment plan, and distributions during the applicable calendar quarter); and

 

●15.0% of the aggregate pre-incentive fee net investment income in respect of the Trailing Twelve Quarters that exceeds the Catch-up Amount.

 

Commencing with the quarter that begins immediately after the First Calendar Quarter, each income incentive fee will be subject to an “Incentive Fee Cap” that in respect of any calendar quarter is an amount equal to 15.0% of the Cumulative Pre-Incentive Fee Net Return (as defined below) during the Trailing Twelve Quarters less the aggregate income incentive fees that were paid to the Advisor in the preceding eleven calendar quarters (or portion thereof) comprising the relevant Trailing Twelve Quarters. In the event the Incentive Fee Cap is zero or a negative value then no income incentive fee shall be payable and if the Incentive Fee Cap is less than the amount of income incentive fee that would otherwise be payable, the amount of income incentive fee shall be reduced to an amount equal to the Incentive Fee Cap.

 

“Cumulative Pre-Incentive Fee Net Return” means (x) with respect to the First Calendar Quarter, the sum of pre-incentive fee net investment income in respect of the First Calendar Quarter, (y) with respect to the relevant Trailing Twelve Quarters, the pre-incentive fee net investment income in respect of the relevant Trailing Twelve Quarters minus any Net Capital Loss (as defined below), if any, in respect of the relevant Trailing Twelve Quarters. If, in any quarter, the Incentive Fee Cap is zero or a negative value, the Company will pay no income incentive fee to the Advisor for such quarter. If, in any quarter, the Incentive Fee Cap for such quarter is a positive value but is less than the income incentive fee that is payable to the Advisor for such quarter (before giving effect to the Incentive Fee Cap) calculated as described above, the Company will pay an income incentive fee to the Advisor equal to the Incentive Fee Cap for such quarter. If, in any quarter, the Incentive Fee Cap for such quarter is equal to or greater than the income incentive fee that is payable to the Advisor for such quarter (before giving effect to the Incentive Fee Cap) calculated as described above, the Company will pay an income incentive fee to the Advisor equal to the incentive fee calculated as described above for such quarter without regard to the Incentive Fee Cap.

 

“Net Capital Loss” in respect of a particular period means the difference, if positive, between (i) aggregate capital losses, whether realized or unrealized, in such period and (ii) aggregate capital gains, whether realized or unrealized, in such period.

 

These calculations are prorated for any period of less than three months and adjusted for any share issuances or repurchases during the relevant quarter. Amounts waived by the Advisor pursuant to the Fee Waiver Agreement are not subject to recoupment by the Advisor.

 

Incentive Fee on Capital Gains

 

Prior to the IPO Date, the incentive fee on capital gains (the “capital gains incentive fee”) was calculated and payable in arrears in cash as 10% of the Company’s realized capital gains, if any, on a cumulative basis from formation through (a) the day before our initial public offering (“IPO”), (b) upon consummation of a Liquidity Event (as defined in the Investment Advisory Agreement) or (c) upon the termination of the Investment Advisory Agreement, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid capital gain incentive fees. For the purpose of computing the capital gain incentive fee, the calculation methodology looked through derivative financial instruments or swaps as if the Company owned the reference assets directly. 

 

Commencing on the IPO Date, the incentive fee on capital gains is calculated and payable in arrears in cash as 15.0% of the Company’s realized capital gains, if any, on a cumulative basis from formation through the end of a given calendar year or upon termination of the Investment Advisory Agreement, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid capital gain incentive fees. Following the Company’s IPO, solely for the purposes of calculating the capital gain incentive fee, the Company is deemed to have previously paid capital gains incentive fees prior to its IPO equal to the product obtained by multiplying (a) the actual aggregate amount of previously paid capital gain incentive fees for all periods prior to its IPO by (b) the percentage obtained by dividing (x) 15% by (y) 10%. In the event that the Investment Advisory Agreement terminates as of a date that is not a fiscal year end, the termination date will be treated as though it were a fiscal year end for purposes of calculating and paying a capital gain incentive fee.

 

For the three months ended June 30, 2024, the Company incurred incentive fees on income of zero, net of waivers of $4,109 and no incentive fees on capital gains. For the three months ended June 30, 2023, the Company incurred incentive fees on income of $2,420 and no incentive fees on capital gains.

 

For the six months ended June 30, 2024, the Company incurred incentive fees on income of $2,631, net of waivers of $4,109, and no incentive fees on capital gains. For the six months ended June 30, 2023, the Company incurred incentive fees on income of $4,558 and no incentive fees on capital gains.

 

Payment of Incentive Fees Prior to the IPO Date

 

Prior to the Company’s IPO, incentive fees earned by the Advisor accrued as earned but only became payable in cash to the Advisor upon consummation the IPO. During the three months ended June 30, 2024, the Company paid $16,826 to the Advisor for these accrued as earned fees through the quarter ended March 31, 2024.
v3.24.2.u1
Investments
 6 Months Ended
Jun. 30, 2024
Investments [Abstract]  
Investments

Note 4. Investments

 

The following table presents the composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2024 and December 31, 2023.

 

   June 30, 2024   December 31, 2023 
   Amortized   Fair   Amortized   Fair 
   Cost   Value   Cost   Value 
First-lien senior secured debt investments  $1,808,343   $1,828,431   $1,327,190   $1,346,174 
Equity investments   17,563    18,627    16,033    17,324 
Short-term investments   20,344    20,344    12,802    12,802 
Total Investments  $1,846,250   $1,867,402   $1,356,025   $1,376,300 

 

As of June 30, 2024 and December 31, 2023, $182,075 and $68,578, respectively, of the Company’s total assets were non-qualifying assets, as defined by Section 55(a) of the 1940 Act.

 

The Company uses Global Industry Classification Standards (GICS), Level 3 – Industry, for classifying the industry groupings of its portfolio companies.

 

The industry composition of long-term investments based on fair value as of June 30, 2024 and December 31, 2023 was as follows:

 

   June 30,
2024		   December 31,
2023		 
Trading companies & distributors   12.9%   15.3%
Food products   9.6%   11.5%
Commercial services & supplies   8.1%   9.4%
Health care providers & services   7.9%   7.4%
Containers & packaging   6.1%   7.2%
Aerospace & defense   5.4%   6.3%
Professional services   5.1%   4.5%
Personal care products   4.0%   3.0%
Leisure products   4.0%   3.3%
Machinery   3.2%   3.8%
IT services   2.8%   3.8%
Chemicals   2.8%   3.1%
Textiles, apparel & luxury goods   2.5%   3.3%
Automobile components   2.4%   2.0%
Specialty retail   2.4%   0.7%
Insurance   2.1%   2.2%
Pharmaceuticals   2.0%   0.5%
Software   1.9%   2.5%
Diversified telecommunication services   1.7%   0.4%
Wireless telecommunication services   1.6%   2.1%
Health care equipment & supplies   1.6%   1.5%
Hotels, restaurants & leisure   1.5%   
-
%
Building products   1.5%   2.0%
Household durables   1.1%   1.5%
Entertainment   0.9%   
-
%
Household products   0.9%   1.2%
Media   0.9%   
-
%
Construction materials   0.8%   
-
%
Biotechnology   0.7%   0.9%
Semiconductors & semiconductor equipment   0.6%   
-
%
Electrical equipment   0.5%   
-
%
Capital markets   0.4%   0.6%
Diversified consumer services   0.1%   
-
%
Total   100.0%   100.0%
v3.24.2.u1
Fair Value
 6 Months Ended
Jun. 30, 2024
Fair Value [Abstract]  
Fair Value

Note 5. Fair Value

 

The Fair Value Measurement Topic of the FASB Accounting Standards Codification (ASC 820) defines fair value as the price at which an orderly transaction to sell an asset or to transfer a liability would take place between market participants under current market conditions at the measurement date. As required by ASC 820, the Company has performed an analysis of all investments measured at fair value to determine the significance and character of all inputs to their fair value determination. Inputs are the assumptions, along with considerations of risk, that a market participant would use to value an asset or a liability. In general, observable inputs are based on market data that is readily available, regularly distributed and verifiable that the Company obtains from independent, third-party sources. Unobservable inputs are developed by the Company based on its own assumptions of how market participants would value an asset or a liability.

 

The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into the following three broad categories.

 

  Level 1 — Valuations based on quoted unadjusted prices for identical instruments in active markets traded on a national exchange to which the Company has access at the date of measurement.

 

  Level 2 — Valuations based on quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 2 inputs are those in markets for which there are few transactions, the prices are not current, little public information exists or instances where prices vary substantially over time or among brokered market makers.

 

  Level 3 — Model derived valuations in which one or more significant inputs or significant value drivers are unobservable. Unobservable inputs are those inputs that reflect the Company’s own assumptions that market participants would use to price the asset or liability based on the best available information.

 

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the determination of which category within the fair value hierarchy is appropriate for any given financial instrument is based on the lowest level of input that is significant to the fair value measurement. Assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument.

 

The following tables present the fair value hierarchy of investments as of June 30, 2024 and December 31, 2023. Note that the valuation levels below are not necessarily an indication of the risk or liquidity associated with the underlying investment.

 

   Fair Value Hierarchy as of June 30, 2024 
Investments:  Level 1   Level 2   Level 3   Total 
First-lien senior secured debt investments  $
-
   $272,661   $1,555,770   $1,828,431 
Equity investments   
-
    
-
    18,627    18,627 
Short-term investments   20,344    
-
    
-
    20,344 
Total Investments  $20,344   $272,661   $1,574,397   $1,867,402 

 

    Fair Value Hierarchy as of December 31, 2023  
Investments:   Level 1     Level 2     Level 3     Total  
First-lien senior secured debt investments   $ -     $     -     $ 1,346,174     $ 1,346,174  
Equity investments     -       -       17,324       17,324  
Short-term investments     12,802       -       -       12,802  
Total Investments   $ 12,802     $ -     $ 1,363,498     $ 1,376,300  

 

The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the three and six months ended June 30, 2024 and 2023.

 

   First-lien   Private     
   senior secured   equity     
For the three months ended June 30, 2024  debt investments   investments   Total 
Fair value, beginning of period  $1,463,891   $18,451   $1,482,342 
Purchases of investments, including PIK, if any   132,011    511    132,522 
Proceeds from sales of investments and principal repayments   (40,471)   
-
    (40,471)
Net change in unrealized gain (loss)   (2,511)   (335)   (2,846)
Net realized gain (loss)   
-
    
-
    
-
 
Net accretion of discount on investments   2,850    
-
    2,850 
Transfers into (out of) Level 3   
-
    
-
    
-
 
Fair value, end of period  $1,555,770   $18,627   $1,574,397 

 

   First-lien   Private     
   senior secured  

equity

     
For the three months ended June 30, 2023  debt investments   investments   Total 
Fair value, beginning of period  $1,247,020   $7,339   $1,254,359 
Purchases of investments, including PIK, if any   74,232    187    74,419 
Proceeds from sales of investments and principal repayments   (46,298)   
-
    (46,298)
Net change in unrealized gain (loss)   (1,108)   377    (731)
Net realized gain (loss)   
-
    
-
    
-
 
Net accretion of discount on investments   2,202    
-
    2,202 
Transfers into (out of) Level 3   
-
    
-
    
-
 
Fair value, end of period  $1,276,048   $7,903   $1,283,951 

 

   First-lien   Private     
   senior secured   equity     
For the six months ended June 30, 2024  debt investments   investments   Total 
Fair value, beginning of period  $1,346,174   $17,324   $1,363,498 
Purchases of investments, including PIK, if any   274,672    1,530    276,202 
Proceeds from sales of investments and principal repayments   (72,861)   
-
    (72,861)
Net change in unrealized gain (loss)   2,319    (227)   2,092 
Net realized gain (loss)   -    
-
    
-
 
Net accretion of discount on investments   5,466    
-
    5,466 
Transfers into (out of) Level 3   
-
    
-
    
-
 
Fair value, end of period  $1,555,770   $18,627   $1,574,397 

   First-lien   Private     
   senior secured   equity     
For the six months ended June 30, 2023  debt investments   investments   Total 
Fair value, beginning of period  $1,157,971   $7,148   $1,165,119 
Purchases of investments, including PIK, if any   178,477    187    178,664 
Proceeds from sales of investments and principal repayments   (63,543)   
-
    (63,543)
Net change in unrealized gain (loss)   (1,174)   568    (606)
Net realized gain (loss)   
-
    
-
    
-
 
Net accretion of discount on investments   4,317    
-
    4,317 
Transfers into (out of) Level 3   
-
    
-
    
-
 
Fair value, end of period  $1,276,048   $7,903   $1,283,951 

 

For the three and six months ended June 30, 2024 and 2023, the Company did not recognize any transfers to or from Level 3. The increase in unrealized gain (loss) relates to investments that were held during the period. The Company includes these unrealized gains and losses on the Statement of Operations – Net Change in Unrealized Gains (Losses).

 

Valuation Techniques and Unobservable Inputs

 

Non-traded debt investments are typically valued using either a market yield analysis or an enterprise value analysis. For debt investments that are not considered to be credit impaired, the Advisor uses a market yield analysis to determine fair value. If the debt investment is considered to be credit impaired (which is determined by performing an enterprise value analysis), the Advisor will use the enterprise value analysis or a liquidation basis analysis to determine fair value.

 

To determine fair value using a market yield analysis, the Advisor discounts the contractual cash flows of each investment at an appropriate discount rate (the market yield). To determine the estimated market yield for its debt investments, the Advisor analyzes changes in the risk/reward (measured by yields and leverage) of middle market indices as compared to changes in risk/reward for the underlying investment and estimates the appropriate discount rate for such debt investment. In this context, the discount rate and the fair market value of the investment is impacted by the structure and pricing of the security relative to current market yields for similar investments in similar businesses as well as the financial performance of such business. In performing this analysis, the Advisor considers data sources including, but not limited to: (i) industry publications, such as S&P Global’s High-End Middle Market Lending Review; Thomson Reuter’s Refinitiv Middle Market Monthly Stats; CapitalIQ; Pitchbook News; The Lead Left, and other data sources; (ii) comparable investments reviewed or completed by affiliates of the Advisor, and (iii) information obtained and provided by the Advisor’s independent valuation managers.

 

To determine if a debt investment is credit impaired, the Advisor estimates the enterprise value of the business and compares such estimate to the outstanding indebtedness of such business. The Advisor utilizes the following valuation methodologies to determine the estimated enterprise value of the company: (i) analysis of valuations of publicly traded companies in a similar line of business (“public company comparable analysis”), (ii) analysis of valuations of M&A transaction valuations for companies in a similar line of business (“precedent transaction analysis”), (iii) discounted cash flows (“DCF analysis”) and (iv) other valuation methodologies.

 

In determining the non-traded debt investment valuations, the following factors are considered, where relevant: the nature and realizable value of any collateral; the company’s ability to make interest payments, amortization payments (if any) and other fixed charges; call features, put features and other relevant terms of the debt security; the company’s historical and projected financial results; the markets in which the company does business; changes in the interest rate environment and the credit markets generally that may affect the price at which similar investments may be valued; and other relevant factors.

 

Equity investments in private companies are typically valued using one of or a combination of the following valuation techniques: (i) public company comparable analysis, (ii) precedent transaction analysis and (iii) DCF analysis.

 

Under all of these valuation techniques, the Advisor estimates operating results of the companies in which it invests, including earnings before interest expense, income tax expense, depreciation and amortization (“EBITDA”) and free cash flow. These estimates utilize unobservable inputs such as historical operating results, which may be unaudited, and projected operating results, which will be based on operating assumptions for such company. Investment performance data utilized will be the most recently available as of the measurement date which in many cases may reflect up to a one quarter lag in information. These estimates will be sensitive to changes in assumptions specific to such company as well as general assumptions for the industry. Other unobservable inputs utilized in the valuation techniques outlined above include: discounts for lack of marketability, selection of publicly traded companies, selection of similar precedent transactions, selected ranges for valuation multiples and expected required rates of return (discount rates).

 

Quantitative Table for Valuation Techniques

 

The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of June 30, 2024 and December 31, 2023. The tables are not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Advisor’s determination of fair value. The Company calculates weighted average, based on the value of the unobservable input of each investment relative to the fair value of the investment compared to the total fair value of all investments. First-lien senior secured debt investments include the Company’s senior secured loan in an investment vehicle (BC CS 2, L.P.), which is considered subordinated debt since it is collateralized by a preferred stock investment in Cuisine Solutions, Inc.

 

   As of June 30, 2024 
       Valuation  Unobservable      Weighted 
   Fair Value   Technique  Input  Range   Average 
First-lien senior secured debt investments  $1,555,770   Discounted cash flow analysis  Discount rate   8.4% - 15.0%    10.1%
Preferred equity investment   9,078   Discounted cash flow analysis  Discount rate   15.0%    15.0%
Common equity investment   500   Precedent Transaction Analysis  Original cost   1.0    1.0 
Other equity investments   9,049   Comparable Multiples  EV / EBITDA   7.0 - 17.2    11.6 
   $1,574,397                 

 

   As of December 31, 2023 
       Valuation  Unobservable      Weighted 
   Fair Value   Technique  Input  Range   Average 
First-lien senior secured debt investments  $1,346,174   Discounted cash flow analysis  Discount rate   8.3% - 15.0%   10.2%
Preferred equity investment   9,287   Discounted cash flow analysis  Original Cost   15.0%   15.0%
Other equity investments   8,037   Comparable Multiples  EV/ EBITDA   7.1 - 17.2    11.5 
   $1,363,498                 
v3.24.2.u1
Debt
 6 Months Ended
Jun. 30, 2024
Debt [Abstract]  
Debt

Note 6. Debt

 

Corporate Credit Facility

 

As of June 30, 2024, the Company had a senior secured revolving credit facility (the “Corporate Credit Facility”), that has a total commitment of $400,000. The Company entered into the Corporate Credit Facility on February 18, 2022. The Corporate Credit Facility’s commitment termination date and the final maturity date are February 18, 2026 and February 18, 2027, respectively. The Corporate Credit Facility also provides for a feature that allows the Company, under certain circumstances, to increase the overall size of the Corporate Credit Facility to a maximum of $550,000. The interest rate on the Corporate Credit Facility is equal to Term SOFR (a forward-looking rate based on SOFR futures) plus an applicable spread of 2.35% per annum or an “alternate base rate” (as defined in the agreements governing the Corporate Credit Facility) plus an applicable spread of 1.25%. The Company is also required to pay a commitment fee of 0.375% per annum on any unused portion of the Corporate Credit Facility.

 

Under the Corporate Credit Facility, the Company is required to comply with various covenants, reporting requirements and other customary requirements for similar revolving credit facilities, including, without limitation, covenants related to: (a) limitations on the incurrence of additional indebtedness and liens, (b) limitations on certain investments, (c) limitations on certain restricted payments, (d) maintaining a certain minimum stockholders’ equity, and (e) maintaining a ratio of total assets (less total liabilities not representing indebtedness) to total indebtedness of the Company and its consolidated subsidiaries of not less than 1.5:1.0. These covenants are subject to important limitations and exceptions that are described in the agreements governing the Corporate Credit Facility. Amounts available to borrow under the Corporate Credit Facility are subject to compliance with a borrowing base that applies different advance rates to different types of assets (based on their value as determined pursuant to the Corporate Credit Facility) that are pledged as collateral. The Corporate Credit Facility is secured by certain assets in the Company’s portfolio and excludes investments held by Kayne Anderson BDC Financing LLC (“KABDCF”) under the Revolving Funding Facility (as defined below).

 

For the six months ended June 30, 2024 and 2023, the average amount of borrowings outstanding under the Corporate Credit Facility was $146,692 and $293,044, respectively, with a weighted average interest rate of 7.73% and 7.06%, respectively. As of June 30, 2024, the Company had $75,000 outstanding under the Corporate Credit Facility at a weighted average interest rate of 7.69%.

 

Revolving Funding Facility

 

As of June 30, 2024, the Company had a senior secured revolving funding facility (the “Revolving Funding Facility”), that has a total commitment of $600,000. On April 3, 2024, the Company and its wholly owned, special purpose financing subsidiary, Kayne Anderson BDC Financing, LLC (“KABDCF”), amended the Revolving Funding Facility. Under the terms of the third amendment, the Company and KABDCF increased the commitment amount from $455,000 to $600,000. The end of the reinvestment period was extended to April 2, 2027, and the maturity date was extended to April 3, 2029. The interest rate on the Revolving Funding Facility was reduced from daily SOFR plus 2.75% per annum to SOFR plus 2.375% - 2.50% per annum depending on the mix of loans securing the Revolving Funding Facility. All other terms of the Revolving Funding Facility remained substantially the same. The Revolving Funding Facility is secured by all of the assets held by KABDCF and the Company has agreed that it will not grant or allow a lien on the membership interest of KABDCF.

 

KABDCF is also required to pay a commitment fee of between 0.50% and 1.50% per annum depending on the size of the unused portion of the Revolving Funding Facility. Amounts available to borrow under the Revolving Funding Facility are subject to a borrowing base that applies different advance rates to different types of assets held by KABDCF and is subject to limitations with respect to the loans securing the Revolving Funding Facility, including restrictions on, loan size, industry concentration, payment frequency and status, as well as restrictions on portfolio company leverage, all of which may also affect the borrowing base and therefore amounts available to borrow. The Company and KABDCF are also required to comply with various covenants, reporting requirements and other customary requirements for similar facilities. These covenants are subject to important limitations and exceptions that are described in the agreements governing the Revolving Funding Facility.

 

For the six months ended June 30, 2024 and 2023, the average amount of borrowings outstanding under the Revolving Funding Facility was $338,906 and $268,204, respectively, with a weighted average interest rate of 7.92% and 7.45%, respectively. As of June 30, 2024, the Company had $389,000 outstanding under the Revolving Funding Facility at a weighted average interest rate of 7.76%.

 

Revolving Funding Facility II

 

As of June 30, 2024, the Company and Kayne Anderson BDC Financing II, LLC (“KABDCF II”), a wholly-owned, special purpose financing subsidiary, had a senior secured revolving credit facility (the “Revolving Funding Facility II”). The Revolving Funding Facility II has an initial commitment of $150,000 which, under certain circumstances, can be increased up to $500,000. The Revolving Funding Facility II is secured by all of the assets held by KABDCF II and the Company has agreed that it will not grant or allow a lien on the membership interest of KABDCF II. The end of the reinvestment period and the stated maturity date for the Revolving Funding Facility II are December 22, 2026, and December 22, 2028, respectively. The interest rate on the Revolving Funding Facility II is equal to 3-month term SOFR plus 2.70% per annum. KABDCF II is also required to pay a commitment fee of 0.50% between December 22, 2023 and September 22, 2024 and 0.75% thereafter on the unused portion of the Revolving Funding Facility II.

 

Amounts available to borrow under the Revolving Funding Facility II are subject to a borrowing base that has limitations with respect to the loans securing the Revolving Funding Facility II, including limitations on, loan size, payment frequency and status, sector concentrations, as well as restrictions on portfolio company leverage, all of which may also affect the borrowing base and therefore amounts available to borrow. The Company and KABDCF II are also required to comply with various covenants, reporting requirements and other customary requirements for similar facilities. These covenants are subject to important limitations and exceptions that are described in the agreements governing the Revolving Funding Facility II.

 

For the six months ended June 30, 2024, the average amount of borrowings outstanding under the Revolving Funding Facility II was $69,098, with a weighted average interest rate of 8.02%. As of June 30, 2024, the Company had $83,000 outstanding under the Revolving Funding Facility II at a weighted average interest rate of 8.01%.

 

Subscription Credit Agreement 

 

On April 1, 2024, the Company fully repaid all amounts outstanding and terminated the remaining commitment of $50,000 under its credit agreement (the “Subscription Credit Agreement”) that was scheduled to mature on December 31, 2024. The Subscription Credit Agreement permitted the Company to elect the commitment amount each quarter to borrow up to $50,000, subject to availability under the borrowing base which was calculated based on the unused capital commitments of the investors meeting various eligibility requirements. The interest rate under the Subscription Credit Agreement was equal to the Secured Overnight Financing Rate (“SOFR”) plus 2.25% (subject to a 0.275% SOFR floor). The Company was also required to pay a commitment fee of 0.25% per annum on any unused portion of the Subscription Credit Agreement. The Company also paid an extension fee of 0.075% per quarter on the elected commitment amount on the first day of each calendar quarter.

 

For the six months ended June 30, 2024 and 2023, the average amount of borrowings outstanding under the Subscription Credit Agreement were $6,648 and $67,320, respectively, with a weighted average interest rate of 7.61% and 6.76%, respectively.

 

Senior Unsecured Notes

 

As of June 30, 2024, the Company had $75,000 aggregate principal amount of senior unsecured notes (the “Notes”).

 

The table below sets forth a summary of the key terms of each series of Notes outstanding at June 30, 2024.

 

   Principal       Estimated   Fixed    
   Outstanding   Unamortized   Fair Value   Interest    
Series  June 30, 2024   Issuance Costs   June 30, 2024   Rate   Maturity
A  $25,000   $     236   $26,828    8.65%  6/30/2027
B   50,000    512    54,092    8.74%  6/30/2028
   $75,000   $748   $80,920         

 

Holders of the Notes are entitled to receive cash interest payments semi-annually (on January 30 and July 30) at the fixed rate. As of June 30, 2024, the weighted average interest rate on the outstanding Notes was 8.71%.

 

As of June 30, 2024, the Notes were rated “BBB” by Kroll Bond Rating Agency (“KBRA”). The Company is required to maintain a current rating from one rating agency with respect to the Notes. In the event the Company does not maintain a current rating from a rating agency for a specified period of time or the credit rating on the Notes falls below “BBB-” (a “Below Investment Grade Event”), the interest rate per annum on the Notes will increase by 1.0% during the period the Notes are rated below “BBB-”. In the event the Company’s Secured Debt Ratio exceeds 60% (until June 29, 2024) or 55% (on or after June 29, 2024) (a “Secured Debt Ratio Event”), the interest rate per annum on the Notes will increase by 1.5% during the period the ratio is above stated percentage. If a Below Investment Grade Event and a Secured Debt Ratio Event is continuing at the same time the aggregate increase in interest rate per annum will not exceed 2.0%.

 

The Notes were issued in private placement offerings to institutional investors and are not listed on any exchange or automated quotation system. The Notes contain various covenants related to other indebtedness, liens and limits on the Company’s overall leverage. The Company must maintain a minimum amount of shareholder equity and the Company’s asset coverage ratio must be greater than 150% as of the last business day of each fiscal quarter. The Notes are redeemable in certain circumstances at the option of the Company and may be redeemed under certain circumstances to cure the asset coverage ratio covenant.

 

The Notes are unsecured obligations of the Company and, upon liquidation, dissolution or winding up of the Company, will rank: (1) senior to all of the Company’s outstanding common shares; (2) on parity with any unsecured creditors of the Company and any unsecured senior securities representing indebtedness of the Company; and (3) junior to any secured creditors of the Company.

 

At June 30, 2024, the Company was in compliance with all covenants under the Notes agreements.

 

Debt obligations consisted of the following as of June 30, 2024 and December 31, 2023.

 

   June 30, 2024 
   Aggregate Principal
Committed		   Outstanding Principal   Amount Available(1)   Net
Carrying Value(2)		 
Notes  $75,000   $75,000   $
-
   $74,252 
Corporate Credit Facility   400,000    75,000    325,000    73,679 
Revolving Funding Facility   600,000    389,000    211,000    383,192 
Revolving Funding Facility II   150,000    83,000    67,000    81,429 
Total debt  $1,225,000   $622,000   $603,000   $612,552 

 

(1) The amount available under the Company’s credit facilities do not reflect any limitations related to each borrowing base as of June 30, 2024 for the assets held at KABDCF and KABDCF II.

 

(2)The carrying value of the Notes, Corporate Credit Facility, Revolving Funding Facility and Revolving Funding Facility II are presented net of deferred financing costs totaling $9,448.

 

   December 31, 2023 
   Aggregate
Principal
Committed		   Outstanding
Principal		   Amount
Available(1)		   Net
Carrying
Value(2)		 
Notes  $75,000   $75,000   $
-
   $74,149 
Corporate Credit Facility   400,000    234,000    166,000    232,285 
Revolving Funding Facility   455,000    306,000    18,536    303,981 
Revolving Funding Facility II   150,000    70,000    9,716    68,195 
Subscription Credit Agreement   50,000    10,750    39,250    10,709 
Total debt  $1,130,000   $695,750   $233,502   $689,319 

 

(1) The amount available under the Company’s credit facilities reflects the assets held at KABDCF and KABDCF II and any limitations related to each borrowing base as of December 31, 2023.

 

(2) The carrying value of the Notes, Corporate Credit Facility, Revolving Funding Facility, Revolving Funding Facility II, and Subscription Credit Agreement are presented net of deferred financing costs totaling $6,431.

 

For the three and six months ended June 30, 2024 and 2023, the components of interest expense were as follows:

 

   For the three months ended 
   June 30,
2024		   June 30,
2023		 
Interest expense  $12,312   $12,409 
Amortization of debt issuance costs   927    593 
Total interest expense  $13,239   $13,002 
Average interest rate   9.3%   8.1%
Average borrowings  $569,341   $643,780 

 

   For the six months ended 
   June 30,
2024		   June 30,
2023		 
Interest expense  $27,071   $23,341 
Amortization of debt issuance costs   1,824    1,184 
Total interest expense  $28,895   $24,525 
Average interest rate   9.1%   7.9%
Average borrowings  $636,346   $629,398 
v3.24.2.u1
Share Transactions
 6 Months Ended
Jun. 30, 2024
Share Transactions [Abstract]  
Share Transactions

Note 7. Share Transactions

 

Common Stock Issuances

 

The following table summarizes the number of common stock shares issued and aggregate proceeds received from such issuances related to the Company’s capital call notices pursuant to subscription agreements with investors for the six months ended June 30, 2024 and 2023.

 

On May 24, 2024, the Company closed its IPO, issuing 6,000,000 shares of its common stock at a public offering price of $16.63 per share. Net of underwriting fees and net of offering expenses, the Company received net cash proceeds of $92,363. The Company’s common stock began trading on the NYSE under the ticker symbol “KBDC” on May 22, 2024.

 

For the six months ended June 30, 2024 
   Offering       Aggregate 
   price per   Common stock   offering 
Common stock issue date  share   shares issued   amount 
February 14, 2024  $16.74    7,089,771   $118,689 
April 2, 2024  $16.63    16,232,415   $269,945 
May 24, 2024  $16.63    6,000,000   $99,780 
Total common stock issued        29,322,186   $488,414 

 

For the six months ended June 30, 2023
   Offering       Aggregate 
   price per   Common stock   offering 
Common stock issue date  share   shares issued   amount 
April 4, 2023  $16.61    3,010,942   $50,000 
Total common stock issued        3,010,942   $50,000 

 

Share Repurchase Plan

 

On May 21, 2024, the Company entered into a share repurchase plan, or the Company 10b5-1 Plan, to acquire up to $100,000 in the aggregate of the Company’s Common Stock at prices below the Company’s net asset value per share over a specified period, in accordance with the guidelines specified in Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Company 10b5-1 Plan was approved by the Board of Directors on March 6, 2024. The Company 10b5-1 Plan requires Morgan Stanley Corporation as the Company’s agent, to repurchase Common Stock on its behalf when the market price per share is below the most recently reported net asset value per share (including any updates, corrections or adjustments publicly announced by the Company to any previously announced net asset value per share, including any distributions declared). Under the Company 10b5-1 Plan, the volume of purchases would be expected to increase as the price of the Company’s Common Stock declines, subject to volume restrictions. The timing and amount of any share repurchases will depend on the terms and conditions of the Company 10b5-1 Plan, the market price of the Company’s Common Stock and trading volumes, and no assurance can be given that Common Stock be repurchased in any particular amount or at all. The repurchase of shares pursuant to the Company 10b5-1 Plan is intended to satisfy the conditions of Rule 10b5-1 and Rule 10b-18 under the Exchange Act, and will otherwise be subject to applicable law, including Regulation M, which may prohibit repurchases under certain circumstances. The Company 10b5-1 Plan commenced beginning 60 calendar days following the end of the “restricted period” under Regulation M and will terminate upon the earliest to occur of (i) the close of business on May 24, 2025, (ii) the end of the trading day on which the aggregate purchase price for all shares purchased under the Company 10b5-1 Plan equals $100,000 and (iii) the occurrence of certain other events described in the Company 10b5-1 Plan.

 

The “restricted period” under Regulation M ended upon the closing of the Company’s IPO and, therefore, the Common Stock repurchases/purchases described above began on July 23, 2024.

 

Dividends and Dividend Reinvestment

 

The following tables summarize the dividends declared and payable by the Company for the six months ended June 30, 2024 and 2023. See Note 11 – Subsequent Events.

 

For the six months ended June 30, 2024
  Dividend  Dividend  Dividend 
Dividend declaration date  record date  payment date  per share 
March 6, 2024  March 29, 2024  April 17, 2024  $0.40 
May 8, 2024  June 28, 2024  July 15, 2024   0.40 
Total dividends declared        $0.80 

 

For the six months ended June 30, 2023
  Dividend  Dividend  Dividend 
Dividend declaration date  record date  payment date  per share 
March 7, 2023  March 31, 2023  April 14, 2023  $0.47 
May 10, 2023  June 30, 2023  July 14, 2023   0.53 
Total dividends declared        $1.00 

 

The following tables summarize the amounts received and shares of common stock issued to shareholders pursuant to the Company’s dividend reinvestment plan (“DRIP”) for the six months ended June 30, 2024 and 2023. See Note 11 – Subsequent Events.

 

For the six months ended June 30, 2024 
  Dividend  DRIP   DRIP 
Dividend record date  payment date  shares issued   value 
December 29, 2023  January 16, 2024   95,791   $1,573 
March 29, 2024  April 17, 2024   94,816    1,577 
       190,607   $3,150 

 

For the six months ended June 30, 2023 
  Dividend  DRIP   DRIP 
Dividend record date  payment date  shares issued   value 
December 29, 2022  January 13, 2023   57,860   $955 
March 31, 2023  April 14, 2023   65,733    1,089 
       123,593   $2,044 

 

For the dividend declared on May 10, 2024 and paid on July 15, 2024, the DRIP value was $4,431 and was reinvested into the Company through open market purchases of common stock.

 

On May 10, 2024, in conjunction with the Company’s IPO, the Board of Directors declared the following special dividends:

 

Record date  Pay date  Special Dividend 
December 5, 2024  December 20, 2024  $0.10 
March 3, 2025  March 18, 2025  $0.10 
June 9, 2025  June 24, 2025  $0.10 
v3.24.2.u1
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2024
Commitments and Contingencies [Abstract]  
Commitments and Contingencies

Note 8. Commitments and Contingencies

 

The Company had an aggregate of $178,545 and $147,928, respectively, of unfunded commitments to provide debt financing to its portfolio companies as of June 30, 2024 and December 31, 2023. Such commitments are generally subject to the satisfaction of certain financial and nonfinancial covenants and certain operational metrics. The commitment period for these amounts may be shorter than the maturity date if drawn or funded. These commitments are not reflected in the Company’s consolidated statement of assets and liabilities. Consequently, such commitments result in an element of credit risk in excess of the amount recognized in the Company’s consolidated statement of assets and liabilities.

 

A summary of the composition of the unfunded commitments as of June 30, 2024 and December 31, 2023 is shown in the table below.

 

   As of   As of 
   June 30,
2024		   December 31,
2023		 
Alcami Corporation (Alcami)  $1,565   $2,543 
Allcat Claims Service, LLC   5,370    5,370 
Allentown, LLC   663    785 
American Equipment Holdings LLC   1,931    483 
American Soccer Company, Incorporated (SCORE)   237    2,601 
Arborworks Acquisition LLC   780    1,872 
Basel U.S. Acquisition Co., Inc. (IAC)   1,622    1,622 
BCI Burke Holding Corp.   4,659    4,659 
OAO Acquisitions, Inc. (BearCom)   6,172    6,982 
BLP Buyer, Inc. (Bishop Lifting Products)   3,362    6,548 
BR PJK Produce, LLC (Keany)   2,352    2,870 
Brightview, LLC   194    
-
 
Carton Packaging Buyer, Inc.   2,848    2,848 
CCFF Buyer, Inc   17,738    
-
 
CGI Automated Manufacturing, LLC   556    2,390 
City Line Distributors, LLC   2,530    5,322 
Curio Brands, LLC   1,719    1,719 
DISA Holdings Corp. (DISA)   3,456    6,142 
Diverzify Intermediate, LLC   3,155    
-
 
DRS Holdings III, Inc. (Dr. Scholl’s)   310    310 
Eastern Wholesale Fence   198    1,332 
EIS Legacy, LLC   3,846    6,922 
Energy Acquisition LP (Electrical Components International, Inc. – ECI)   1,442    
-
 
Envirotech Services, LLC   6,704    
-
 
Eppinger Technologies, LLC   1,450    1,450 
FCA, LLC (FCA Packaging)   2,492    2,670 
Foundation Consumer Brands   577    577 
Fralock Buyer LLC   100    300 
Guardian Dentistry Partners   773    
-
 
Guided Practice Solutions   4,000    10,299 
Gulf Pacific Holdings, LLC   8,655    10,153 
Gusmer Enterprises, Inc.   3,677    3,676 
Home Brands Group Holdings, Inc. (ReBath)   2,099    2,099 
I.D. Images Acquisition, LLC   2,020    2,020 
IF&P Foods, LLC (FreshEdge)   1,656    1,656 
Improving Acquisition LLC   1,672    1,672 
Krayden Holdings, Inc.   5,437    5,438 
Light Wave Dental Management LLC   1,251    827 
LSL Industries, LLC (LSL Healthcare)   15,224    15,224 
Luxium Solutions, LLC   1,239    
-
 
MacNeill Pride Group   1,798    3,877 
Phoenix YW Buyer, Inc. (Elida Beauty)   1,960    
-
 
Pixel Intermediate, LLC   1,883    
-
 
PMFC Holding, LLC   68    137 
Refocus Management Services, LLC   8,799    
-
 
Regiment Security Partners LLC   103    104 
The Robinette Company   6,254    
-
 
Ruff Roofers Buyer, LLC   10,966    10,966 
Salt Dental Collective   1,768    
-
 
SGA Dental Partners Holdings, LLC   4,397    5,087 
Siegel Egg Co., LLC   528    537 
Silk Holdings III Corp. (Suave)   6,667    
-
 
Spinrite, Inc.   2,549    
-
 
Sundance Holdings Group, LLC   438    439 
Trademark Global LLC   480    480 
United Safety & Survivability Corporation (USSC)   
-
    469 
USALCO, LLC   1,494    1,494 
Vehicle Accessories, Inc.   1,926    1,671 
Vitesse Systems Parent, LLC   312    
-
 
Worldwide Produce Acquisition, LLC   424    1,286 
 Total unfunded commitments  $178,545   $147,928 

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of June 30, 2024 and December 31, 2023, management was not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.
v3.24.2.u1
Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

Note 9. Earnings Per Share

 

In accordance with the provisions of ASC Topic 260, Earnings per Share (“ASC 260”), basic earnings per share is computed by dividing earnings available to common stockholders by the weighted average number of shares outstanding during the period. Other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis. As of June 30, 2024 and 2023, there were no dilutive shares.

 

The following table sets forth the computation of basic and diluted earnings per share of common stock for the six months ended June 30, 2024 and 2023.

 

   For the three months ended   For the six months ended 
   June 30,
2024		   June 30,
2023		   June 30,
2024		   June 30,
2023		 
Net increase (decrease) in net assets resulting from operations  $31,180   $21,002   $58,935   $40,409 
Weighted average shares of common stock outstanding - basic and diluted
   67,426,904    38,905,173    56,386,161    37,425,525 
Earnings (loss) per share of common stock - basic and diluted
  $0.46   $0.54   $1.05   $1.08 
v3.24.2.u1
Financial Highlights
 6 Months Ended
Jun. 30, 2024
Schedule of Financial Highlights [Line Items]  
Financial Highlights

Note 10. Financial Highlights

 

The following per share of common stock data has been derived from information provided in the unaudited financial statements. The following is a schedule of financial highlights for the six months ended June 30, 2024 and 2023.

 

  

For the six months ended

June 30,

 
Per Common Share Operating Performance (1)  2024 (amounts in
thousands, except
share and
per share
amounts)		   2023 (amounts in
thousands, except
share and
per share
amounts)		 
Net Asset Value, Beginning of Period  $16.42   $16.50 
           
Results of Operations:          
Net Investment Income   1.03    1.10 
Net Realized and Unrealized Gain (Loss) on Investments(2)   0.03    (0.02)
Net Increase (Decrease) in Net Assets Resulting from Operations   1.06    1.08 
           
Distributions to Common Stockholders          
Distributions   (0.80)   (1.00)
Net Decrease in Net Assets Resulting from Distributions   (0.80)   (1.00)
           
Capital Share Transactions          
Issuance of Common Stock, net of Underwriting and Offering Costs   (0.11)   
-
 
Net Increase (Decrease) Resulting from Capital Share Transactions   (0.11)   
-
 
Net Asset Value, End of Period  $16.57   $16.58 
Per Share Market Value, End of Period  $15.95   $N/A  
           
Shares Outstanding, End of Period   71,116,459    39,013,826 
           
Ratio/Supplemental Data          
Net assets, end of period  $1,178,176   $646,926 
Weighted-average shares outstanding   56,386,161    37,425,525 
Total Return based on net asset value(3)   5.9%   6.6%
Total Return based on market value(4)   (1.7)%   N/A 
Portfolio turnover   7.9%   5.1%
Ratio of operating expenses to average net assets before waivers(5)   10.2%   11.9%
Ratio of operating expenses to average net assets with waiver(5)   9.2%   11.9%
Ratio of net investment income (loss) to average net assets(5)   13.1%   13.5%

 

(1) The per common share data was derived by using weighted average shares outstanding.

 

(2) Realized and unrealized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per share for the period and may not reconcile with the aggregate gains and losses in the Consolidated Statement of Operations due to share transactions during the period.

 

(3) Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share (if any), divided by the beginning NAV per share. The calculation also assumes reinvestment of dividends at actual prices pursuant to the Company’s dividend reinvestment plan. Total return is not annualized.

 

(4) Total return based on market value is calculated as the change in market value per share during the respective periods, plus distributions per share, if any, divided by the beginning market value per share. The calculation also assumes reinvestment of dividends at actual prices pursuant to the Company’s dividend reinvestment plan. The beginning market value per share is based on the initial public offering price of $16.63 per share and not annualized.

 

(5) Ratio is annualized.
v3.24.2.u1
Subsequent Events
 6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 11. Subsequent Events

 

The Company’s management has evaluated subsequent events through the date of issuance of the financial statements included herein. There have been no subsequent events that require recognition or disclosure in these financial statements except as described below.

 

On July 15, 2024, the Company paid a regular dividend of $0.40 per share to each common stockholder of record as of June 28, 2024. The total dividend was $28,446 and $4,431 was reinvested into the Company through open market purchases of common stock.

 

On August 7, 2024, the Board of Directors of the Company declared a regular dividend to common stockholders in the amount of $0.40 per share. The regular dividend of $0.40 per share will be paid on October 15, 2024 to stockholders of record as of the close of business on September 30, 2024, payable in cash or shares of common stock of the Company pursuant to the Company’s Dividend Reinvestment Plan, as amended.
v3.24.2.u1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Pay vs Performance Disclosure        
Net Income (Loss) $ 31,180 $ 21,002 $ 58,935 $ 40,409
v3.24.2.u1
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.24.2.u1
N-2 - $ / shares
 6 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Dec. 31, 2022
Cover [Abstract]        
Entity Central Index Key 0001747172      
Amendment Flag false      
Securities Act File Number 814-01363      
Document Type 10-Q      
Entity Registrant Name Kayne Anderson BDC, Inc.      
Entity Address, Address Line One 717 Texas Avenue      
Entity Address, Address Line Two Suite 2200      
Entity Address, City or Town Houston      
Entity Address, State or Province TX      
Entity Address, Postal Zip Code 77002      
City Area Code (713)      
Local Phone Number 493-2020      
Entity Emerging Growth Company true      
Entity Ex Transition Period false      
General Description of Registrant [Abstract]        
Investment Objectives and Practices [Text Block]
   For the three months ended June 30,   For the six months ended
June 30,		 
   2024   2023   2024   2023 
   ($ in millions)   ($ in millions)   ($ in millions)   ($ in millions) 
Total investment income  $52.4   $40.7   $98.9   $77.1 
Less: Net expenses   (18.0)   (19.0)   (40.8)   (36.1)
 Net investment income   34.4    21.7    58.1    41.0 
Net realized gains (losses) on investments   (0.1)   -    (0.1)   - 
Net change in unrealized gains (losses) on investments   (3.1)   (0.7)   0.9    (0.6)
Net increase (decrease) in net assets resulting from operations  $31.2   $21.0   $58.9   $40.4 

 

We fair value our portfolio investments quarterly and any changes in fair value are recorded as unrealized gains or losses. During the three and six months ended June 30, 2024 and 2023, net unrealized gains (losses) on our investment portfolio were comprised of the following:

      
Risk Factors [Table Text Block]

Item 1A. Risk Factors.

      
NAV Per Share [1] $ 16.57 $ 16.42 $ 16.58 $ 16.5
Summary Risk Factors [Member]        
General Description of Registrant [Abstract]        
Risk [Text Block] the other information set forth in this report, you should carefully consider the risk factors described in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which could materially affect our business, financial condition and/or operating results. The risks described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.      
[1] The per common share data was derived by using weighted average shares outstanding.
v3.24.2.u1
Accounting Policies, by Policy (Policies)
 6 Months Ended
Jun. 30, 2024
Significant Accounting Policies [Abstract]  
Basis of Presentation

A. Basis of Presentation—the accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The Company is an investment company and follows accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946 — “Financial Services — Investment Companies.” In the opinion of management, all adjustments, which are of a normal recurring nature, considered necessary for the fair statement of the consolidated financial statements for the periods presented, have been included.
Consolidation

B. Consolidation—As provided under Regulation S-X and ASC Topic 946 – “Financial Services – Investment Companies”, the Company will generally not consolidate its investment in a company other than a wholly-owned investment company or controlled operating company whose business consists of providing services to the Company.

Accordingly, the Company consolidated the accounts of the Company’s wholly-owned subsidiaries, Kayne Anderson BDC Financing, LLC, (“KABDCF”); Kayne Anderson BDC Financing II, LLC (“KABDCF II”); KABDC Corp, LLC and KABDC Corp II, LLC in its consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation. KABDC Corp, LLC and KABDC Corp II, LLC are Delaware LLCs that have elected to be treated as corporations for U.S. tax purposes and were formed to facilitate compliance with the requirements to be treated as a RIC under the Code by holding (directly or indirectly through a subsidiary) equity or equity related investments in portfolio companies organized as limited liability companies or limited partnerships.
Use of Estimates

C. Use of Estimates—the preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of income and expenses during the period. Actual results could differ materially from those estimates.
Cash and Cash Equivalents

D. Cash and Cash Equivalents—cash and cash equivalents include short-term, liquid investments with an original maturity of three months or less and include money market fund accounts. Cash equivalents, which are the Company’s investments in money market fund accounts, are presented on the Company’s consolidated schedule of investments, and within investments on the Company’s consolidated statement of assets and liabilities.
Investment Valuation, Fair Value

E. Investment Valuation, Fair Value—the Company conducts the valuation of its investments consistent with GAAP and the 1940 Act. The Company’s investments will be valued no less frequently than quarterly, in accordance with the terms of Topic 820 of the Financial Accounting Standards Board’s Accounting Standards Codification, Fair Value Measurement and Disclosures (“ASC 820”).

Pursuant to Rule 2a-5 under the 1940 Act, the Board of Directors has designated the Advisor as the “valuation designee” to perform fair value determinations of the Company’s portfolio holdings, subject to oversight by and periodic reporting to the Board. The valuation designee performs fair valuation of the Company’s portfolio holdings in accordance with the Advisor’s Valuation Program, as approved by the Board.

Traded Investments (Level 1 or Level 2)

Investments for which market quotations are readily available will typically be valued at those market quotations. Traded investments such as corporate bonds, preferred stock, bank notes, broadly syndicated loans or loan participations are valued by using the bid price provided by an independent pricing service, by an independent broker, the agent bank, syndicate bank or principal market maker. When price quotes for investments are not available, or such prices are stale or do not represent fair value in the judgment of the Company’s Advisor, fair market value will be determined using the Advisor’s valuation process for investments that are privately issued or otherwise restricted as to resale.

The Company may also invest, to a lesser extent, in equity securities purchased in conjunction with debt investments. While the Company anticipates these equity securities to be issued by privately held companies, the Company may hold equity securities that are publicly traded. Equity securities listed on any exchange other than the NASDAQ Stock Market, Inc. (“NASDAQ”) are valued, except as indicated below, at the last sale price on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the most recent bid and ask prices on such day. Securities admitted to trade on the NASDAQ are valued at the NASDAQ official closing price. Equity securities traded on more than one securities exchange are valued at the last sale price on the business day as of which such value is being determined at the close of the exchange representing the principal market for such securities. Equity securities traded in the over-the-counter market, but excluding securities admitted to trading on the NASDAQ, are valued at the closing bid prices.

 

Non-Traded Investments (Level 3)

Investments that are privately issued or otherwise restricted as to resale, as well as any security for which (a) reliable market quotations are not available in the judgment of the Company’s Advisor, or (b) the independent pricing service or independent broker does not provide prices or provides a price that in the judgment of the Company’s Advisor is stale or does not represent fair value, shall each be valued in a manner that most fairly reflects fair value of the security on the valuation date. The Company expects that a significant majority of its investments will be Level 3 investments. Unless otherwise determined by the Advisor, the following valuation process is used for the Company’s Level 3 investments:

●Valuation Designee. The applicable investments will be valued no less frequently than quarterly by the Advisor, with new investments valued at the time such investment was made. The value of each Level 3 investment will be initially reviewed by the persons responsible for such portfolio company or investment. The Advisor will use a standardized template designed to approximate fair market value based on observable market inputs, updated credit statistics and unobservable inputs to determine a preliminary value. The Advisor will specify the titles of the persons responsible for determining the fair value of Company investments, including by specifying the particular functions for which they are responsible, and will reasonably segregate fair value determinations from the portfolio management of the Company such that the portfolio manager(s) may not determine, or effectively determine by exerting substantial influence on, the fair values ascribed to portfolio investments.
●Valuation Firm. Quarterly, a third-party valuation firm engaged by the Advisor reviews the valuation methodologies and calculations employed for each of the Company’s investments that the Advisor has placed on the “watch list” and approximately 25% of the Company’s remaining investments. The third-party valuation firm will review and independently value all of the Level 3 investments at least once per year, on a rolling twelve-month basis. The quarterly report issued by the third-party valuation firm will provide positive assurance on the fair values of the investments reviewed.
●Oversight. The Board has appointed the Advisor as the valuation designee for the Company for purposes of making determinations of fair value as permitted by Rule 2a-5 under the 1940 Act. The Audit Committee shall aid the Board in overseeing the Advisor’s fair valuation of securities that are not publicly traded or for which current market values are not readily available. The Audit Committee shall meet quarterly to review the fair value determinations, processes and written reports of the Advisor as part of the Board’s oversight responsibilities.

 

Determination of fair value involves subjective judgments and estimates. Accordingly, the notes to the Company’s financial statements will express the uncertainty with respect to the possible effect of such valuations, and any change in such valuations, on the Company’s financial statements.
Interest Income Recognition

F. Interest Income Recognition— Interest income is recorded on an accrual basis and includes the accretion of discounts, amortization of premiums and payment-in-kind (“PIK”) interest. Discounts from and premiums to par value on investments purchased are accreted/amortized into interest income over the life of the respective security using the effective yield method. To the extent loans contain PIK provisions, PIK interest, computed at the contractual rate specified in each applicable agreement, is accrued and recorded as interest income and added to the principal balance of the loan. PIK interest income added to the principal balance is generally collected upon repayment of the outstanding principal. The Company does not accrue PIK interest if, in the opinion of the Advisor, the portfolio company valuation indicates that the PIK interest is not likely to be collectible. If the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through PIK interest income. Previously capitalized PIK interest is not reversed when an investment is placed on non-accrual status. To maintain the Company’s status as a RIC, this non-cash source of income must be paid out to stockholders in the form of dividends for the year the income was earned, even though the Company has not yet collected the cash. The amortized cost of investments represents the original cost adjusted for any accretion of discounts, amortization of premiums and PIK interest. For the six months ended June 30, 2024 and 2023, the Company had $663 and $1,035, respectively, of PIK interest included in interest income, which represents 0.7% and 1.3%, respectively, of aggregate interest income.

Loans are generally placed on non-accrual status when it has been determined that a significant impairment in the financial condition and ability of the borrower to repay principal and interest has occurred and is expected to continue such that it is probable the collectability of full amount of the loan (principal and interest) is doubtful. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. If cash payments are received subsequent to a loan being placed on non-accrual status, these payments will first be applied to previously accrued but uncollected interest, then to recover the principal. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Non-accrual loans are restored to accrual status when past due principal and interest are paid or there is no longer a reasonable doubt that such principal or interest will be collected in full and, in the Company’s judgment, principal and interest are likely to remain current. The Company may make exceptions to this policy if the loan has sufficient collateral value (i.e., typically measured as enterprise value of the portfolio company) or is in the process of collection. As of June 30, 2024, the Company had two debt investments on non-accrual status, which comprised 1.2% and 1.0%, respectively, of total debt investments at cost and fair value. As of June 30, 2023, the Company did not have any debt investments in portfolio companies on non-accrual status.
Debt Issuance Costs

G. Debt Issuance Costs—Costs incurred by the Company related to the issuance of its debt (credit facilities) are capitalized and amortized over the period the debt is outstanding. The Company has classified the costs incurred to issue its credit facilities as a deduction from the carrying value of the credit facilities on the Statement of Assets and Liabilities. For the purpose of calculating the Company’s asset coverage ratios pursuant to the 1940 Act, deferred issuance costs are not deducted from the carrying value of debt or preferred stock.
Dividends to Common Stockholders

H. Dividends to Common Stockholders—Dividends to common stockholders are recorded on the record date. The amount to be paid out as a dividend is determined by the Company’s board of directors each quarter and is generally based upon the earnings estimated by management and considers the level of undistributed taxable income carried forward from the prior year for distribution in the current year. Net realized capital gains, if any, are generally distributed, although the Company may decide to retain such capital gains for investment.

 
Income Taxes

I. Income Taxes—it is the Company’s intention to continue to be treated as and to qualify each year for special tax treatment afforded a RIC under the Code. As long as the Company meets certain requirements that govern its sources of income, diversification of assets and timely distribution of earnings to stockholders, the Company will not be subject to U.S. federal income tax.

The Company must pay distributions equal to 90% of its investment company taxable income (ordinary income and short-term capital gains) to qualify as a RIC and it must distribute all of its taxable income (ordinary income, short-term capital gains and long-term capital gains) to avoid federal income taxes. The Company will be subject to federal income tax on any undistributed portion of income. For purposes of the distribution test, the Company may elect to treat as paid on the last day of its taxable year all or part of any distributions that are declared after the end of its taxable year if such distributions are declared before the due date of its tax return, including any extensions.

All RICs are subject to a non-deductible 4% excise tax on income that is not distributed on a timely basis in accordance with the calendar year distribution requirements. To avoid the tax, the Company must distribute during each calendar year an amount at least equal to the sum of (i) 98% of its ordinary income for the calendar year, (ii) 98.2% of its net capital gains for the one-year period ending on December 31, the last day of our taxable year, and (iii) undistributed amounts from previous years on which the Company paid no U.S. federal income tax. A distribution will be treated as paid during the calendar year if it is paid during the calendar year or declared by the Company in October, November or December of such year, payable to stockholders of record on a date during such months and paid by the Company no later than January of the following year. Any such distributions paid during January of the following year will be deemed to be received by stockholders on December 31 of the year the distributions are declared, rather than when the distributions are actually received.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof.
Commitments and Contingencies

J. Commitments and Contingencies—in the normal course of business, the Company may enter into contracts that provide a variety of general indemnifications. Any exposure to the Company under these arrangements could involve future claims that may be made against the Company. Currently, no such claims exist or are expected to arise and, accordingly, the Company has not accrued any liability in connection with such indemnifications. 
v3.24.2.u1
Investments (Tables)
 6 Months Ended
Jun. 30, 2024
Investments [Abstract]  
Schedule of Investment Portfolio at Amortized Cost and Fair Value The following table presents the composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2024 and December 31, 2023.
   June 30, 2024   December 31, 2023 
   Amortized   Fair   Amortized   Fair 
   Cost   Value   Cost   Value 
First-lien senior secured debt investments  $1,808,343   $1,828,431   $1,327,190   $1,346,174 
Equity investments   17,563    18,627    16,033    17,324 
Short-term investments   20,344    20,344    12,802    12,802 
Total Investments  $1,846,250   $1,867,402   $1,356,025   $1,376,300 
Schedule of Composition of Long-Term Investments Based on Fair Value The industry composition of long-term investments based on fair value as of June 30, 2024 and December 31, 2023 was as follows:
   June 30,
2024		   December 31,
2023		 
Trading companies & distributors   12.9%   15.3%
Food products   9.6%   11.5%
Commercial services & supplies   8.1%   9.4%
Health care providers & services   7.9%   7.4%
Containers & packaging   6.1%   7.2%
Aerospace & defense   5.4%   6.3%
Professional services   5.1%   4.5%
Personal care products   4.0%   3.0%
Leisure products   4.0%   3.3%
Machinery   3.2%   3.8%
IT services   2.8%   3.8%
Chemicals   2.8%   3.1%
Textiles, apparel & luxury goods   2.5%   3.3%
Automobile components   2.4%   2.0%
Specialty retail   2.4%   0.7%
Insurance   2.1%   2.2%
Pharmaceuticals   2.0%   0.5%
Software   1.9%   2.5%
Diversified telecommunication services   1.7%   0.4%
Wireless telecommunication services   1.6%   2.1%
Health care equipment & supplies   1.6%   1.5%
Hotels, restaurants & leisure   1.5%   
-
%
Building products   1.5%   2.0%
Household durables   1.1%   1.5%
Entertainment   0.9%   
-
%
Household products   0.9%   1.2%
Media   0.9%   
-
%
Construction materials   0.8%   
-
%
Biotechnology   0.7%   0.9%
Semiconductors & semiconductor equipment   0.6%   
-
%
Electrical equipment   0.5%   
-
%
Capital markets   0.4%   0.6%
Diversified consumer services   0.1%   
-
%
Total   100.0%   100.0%
v3.24.2.u1
Fair Value (Tables)
 6 Months Ended
Jun. 30, 2024
Fair Value [Abstract]  
Schedule of Fair Value Hierarchy of Investments The following tables present the fair value hierarchy of investments as of June 30, 2024 and December 31, 2023. Note that the valuation levels below are not necessarily an indication of the risk or liquidity associated with the underlying investment.
   Fair Value Hierarchy as of June 30, 2024 
Investments:  Level 1   Level 2   Level 3   Total 
First-lien senior secured debt investments  $
-
   $272,661   $1,555,770   $1,828,431 
Equity investments   
-
    
-
    18,627    18,627 
Short-term investments   20,344    
-
    
-
    20,344 
Total Investments  $20,344   $272,661   $1,574,397   $1,867,402 
    Fair Value Hierarchy as of December 31, 2023  
Investments:   Level 1     Level 2     Level 3     Total  
First-lien senior secured debt investments   $ -     $     -     $ 1,346,174     $ 1,346,174  
Equity investments     -       -       17,324       17,324  
Short-term investments     12,802       -       -       12,802  
Total Investments   $ 12,802     $ -     $ 1,363,498     $ 1,376,300  

 
Schedule of Fair Value of Investments for which Level 3 Inputs The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the three and six months ended June 30, 2024 and 2023.
   First-lien   Private     
   senior secured   equity     
For the three months ended June 30, 2024  debt investments   investments   Total 
Fair value, beginning of period  $1,463,891   $18,451   $1,482,342 
Purchases of investments, including PIK, if any   132,011    511    132,522 
Proceeds from sales of investments and principal repayments   (40,471)   
-
    (40,471)
Net change in unrealized gain (loss)   (2,511)   (335)   (2,846)
Net realized gain (loss)   
-
    
-
    
-
 
Net accretion of discount on investments   2,850    
-
    2,850 
Transfers into (out of) Level 3   
-
    
-
    
-
 
Fair value, end of period  $1,555,770   $18,627   $1,574,397 
   First-lien   Private     
   senior secured  

equity

     
For the three months ended June 30, 2023  debt investments   investments   Total 
Fair value, beginning of period  $1,247,020   $7,339   $1,254,359 
Purchases of investments, including PIK, if any   74,232    187    74,419 
Proceeds from sales of investments and principal repayments   (46,298)   
-
    (46,298)
Net change in unrealized gain (loss)   (1,108)   377    (731)
Net realized gain (loss)   
-
    
-
    
-
 
Net accretion of discount on investments   2,202    
-
    2,202 
Transfers into (out of) Level 3   
-
    
-
    
-
 
Fair value, end of period  $1,276,048   $7,903   $1,283,951 
   First-lien   Private     
   senior secured   equity     
For the six months ended June 30, 2024  debt investments   investments   Total 
Fair value, beginning of period  $1,346,174   $17,324   $1,363,498 
Purchases of investments, including PIK, if any   274,672    1,530    276,202 
Proceeds from sales of investments and principal repayments   (72,861)   
-
    (72,861)
Net change in unrealized gain (loss)   2,319    (227)   2,092 
Net realized gain (loss)   -    
-
    
-
 
Net accretion of discount on investments   5,466    
-
    5,466 
Transfers into (out of) Level 3   
-
    
-
    
-
 
Fair value, end of period  $1,555,770   $18,627   $1,574,397 

   First-lien   Private     
   senior secured   equity     
For the six months ended June 30, 2023  debt investments   investments   Total 
Fair value, beginning of period  $1,157,971   $7,148   $1,165,119 
Purchases of investments, including PIK, if any   178,477    187    178,664 
Proceeds from sales of investments and principal repayments   (63,543)   
-
    (63,543)
Net change in unrealized gain (loss)   (1,174)   568    (606)
Net realized gain (loss)   
-
    
-
    
-
 
Net accretion of discount on investments   4,317    
-
    4,317 
Transfers into (out of) Level 3   
-
    
-
    
-
 
Fair value, end of period  $1,276,048   $7,903   $1,283,951 
Schedule of Significant Unobservable Inputs Level 3 Investments The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of June 30, 2024 and December 31, 2023.
   As of June 30, 2024 
       Valuation  Unobservable      Weighted 
   Fair Value   Technique  Input  Range   Average 
First-lien senior secured debt investments  $1,555,770   Discounted cash flow analysis  Discount rate   8.4% - 15.0%    10.1%
Preferred equity investment   9,078   Discounted cash flow analysis  Discount rate   15.0%    15.0%
Common equity investment   500   Precedent Transaction Analysis  Original cost   1.0    1.0 
Other equity investments   9,049   Comparable Multiples  EV / EBITDA   7.0 - 17.2    11.6 
   $1,574,397                 
   As of December 31, 2023 
       Valuation  Unobservable      Weighted 
   Fair Value   Technique  Input  Range   Average 
First-lien senior secured debt investments  $1,346,174   Discounted cash flow analysis  Discount rate   8.3% - 15.0%   10.2%
Preferred equity investment   9,287   Discounted cash flow analysis  Original Cost   15.0%   15.0%
Other equity investments   8,037   Comparable Multiples  EV/ EBITDA   7.1 - 17.2    11.5 
   $1,363,498                 
v3.24.2.u1
Debt (Tables)
 6 Months Ended
Jun. 30, 2024
Debt [Abstract]  
Schedule of Series of Notes Outstanding The table below sets forth a summary of the key terms of each series of Notes outstanding at June 30, 2024.
   Principal       Estimated   Fixed    
   Outstanding   Unamortized   Fair Value   Interest    
Series  June 30, 2024   Issuance Costs   June 30, 2024   Rate   Maturity
A  $25,000   $     236   $26,828    8.65%  6/30/2027
B   50,000    512    54,092    8.74%  6/30/2028
   $75,000   $748   $80,920         
Schedule of Debt Obligations Debt obligations consisted of the following as of June 30, 2024 and December 31, 2023.
   June 30, 2024 
   Aggregate Principal
Committed		   Outstanding Principal   Amount Available(1)   Net
Carrying Value(2)		 
Notes  $75,000   $75,000   $
-
   $74,252 
Corporate Credit Facility   400,000    75,000    325,000    73,679 
Revolving Funding Facility   600,000    389,000    211,000    383,192 
Revolving Funding Facility II   150,000    83,000    67,000    81,429 
Total debt  $1,225,000   $622,000   $603,000   $612,552 
(1) The amount available under the Company’s credit facilities do not reflect any limitations related to each borrowing base as of June 30, 2024 for the assets held at KABDCF and KABDCF II.
(2)The carrying value of the Notes, Corporate Credit Facility, Revolving Funding Facility and Revolving Funding Facility II are presented net of deferred financing costs totaling $9,448.
   December 31, 2023 
   Aggregate
Principal
Committed		   Outstanding
Principal		   Amount
Available(1)		   Net
Carrying
Value(2)		 
Notes  $75,000   $75,000   $
-
   $74,149 
Corporate Credit Facility   400,000    234,000    166,000    232,285 
Revolving Funding Facility   455,000    306,000    18,536    303,981 
Revolving Funding Facility II   150,000    70,000    9,716    68,195 
Subscription Credit Agreement   50,000    10,750    39,250    10,709 
Total debt  $1,130,000   $695,750   $233,502   $689,319 
(1) The amount available under the Company’s credit facilities reflects the assets held at KABDCF and KABDCF II and any limitations related to each borrowing base as of December 31, 2023.
(2) The carrying value of the Notes, Corporate Credit Facility, Revolving Funding Facility, Revolving Funding Facility II, and Subscription Credit Agreement are presented net of deferred financing costs totaling $6,431.
Schedule of Components of Interest Expense For the three and six months ended June 30, 2024 and 2023, the components of interest expense were as follows:
   For the three months ended 
   June 30,
2024		   June 30,
2023		 
Interest expense  $12,312   $12,409 
Amortization of debt issuance costs   927    593 
Total interest expense  $13,239   $13,002 
Average interest rate   9.3%   8.1%
Average borrowings  $569,341   $643,780 
   For the six months ended 
   June 30,
2024		   June 30,
2023		 
Interest expense  $27,071   $23,341 
Amortization of debt issuance costs   1,824    1,184 
Total interest expense  $28,895   $24,525 
Average interest rate   9.1%   7.9%
Average borrowings  $636,346   $629,398 
v3.24.2.u1
Share Transactions (Tables)
 6 Months Ended
Jun. 30, 2024
Share Transactions [Abstract]  
Schedule of Common Stock Shares Issued and Aggregate Proceeds The Company’s common stock began trading on the NYSE under the ticker symbol “KBDC” on May 22, 2024.
For the six months ended June 30, 2024 
   Offering       Aggregate 
   price per   Common stock   offering 
Common stock issue date  share   shares issued   amount 
February 14, 2024  $16.74    7,089,771   $118,689 
April 2, 2024  $16.63    16,232,415   $269,945 
May 24, 2024  $16.63    6,000,000   $99,780 
Total common stock issued        29,322,186   $488,414 
For the six months ended June 30, 2023
   Offering       Aggregate 
   price per   Common stock   offering 
Common stock issue date  share   shares issued   amount 
April 4, 2023  $16.61    3,010,942   $50,000 
Total common stock issued        3,010,942   $50,000 
Schedule of Dividends Declared and Payable by the Company The following tables summarize the dividends declared and payable by the Company for the six months ended June 30, 2024 and 2023. See Note 11 – Subsequent Events.
For the six months ended June 30, 2024
  Dividend  Dividend  Dividend 
Dividend declaration date  record date  payment date  per share 
March 6, 2024  March 29, 2024  April 17, 2024  $0.40 
May 8, 2024  June 28, 2024  July 15, 2024   0.40 
Total dividends declared        $0.80 
For the six months ended June 30, 2023
  Dividend  Dividend  Dividend 
Dividend declaration date  record date  payment date  per share 
March 7, 2023  March 31, 2023  April 14, 2023  $0.47 
May 10, 2023  June 30, 2023  July 14, 2023   0.53 
Total dividends declared        $1.00 
Schedule of Amounts Received and Shares of Common Stock Issued to Shareholder The following tables summarize the amounts received and shares of common stock issued to shareholders pursuant to the Company’s dividend reinvestment plan (“DRIP”) for the six months ended June 30, 2024 and 2023. See Note 11 – Subsequent Events.
For the six months ended June 30, 2024 
  Dividend  DRIP   DRIP 
Dividend record date  payment date  shares issued   value 
December 29, 2023  January 16, 2024   95,791   $1,573 
March 29, 2024  April 17, 2024   94,816    1,577 
       190,607   $3,150 
For the six months ended June 30, 2023 
  Dividend  DRIP   DRIP 
Dividend record date  payment date  shares issued   value 
December 29, 2022  January 13, 2023   57,860   $955 
March 31, 2023  April 14, 2023   65,733    1,089 
       123,593   $2,044 
Schedule of Special Dividneds On May 10, 2024, in conjunction with the Company’s IPO, the Board of Directors declared the following special dividends:
Record date  Pay date  Special Dividend 
December 5, 2024  December 20, 2024  $0.10 
March 3, 2025  March 18, 2025  $0.10 
June 9, 2025  June 24, 2025  $0.10 
v3.24.2.u1
Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2024
Commitments and Contingencies [Abstract]  
Schedule of Composition of the Unfunded Commitments A summary of the composition of the unfunded commitments as of June 30, 2024 and December 31, 2023 is shown in the table below.
   As of   As of 
   June 30,
2024		   December 31,
2023		 
Alcami Corporation (Alcami)  $1,565   $2,543 
Allcat Claims Service, LLC   5,370    5,370 
Allentown, LLC   663    785 
American Equipment Holdings LLC   1,931    483 
American Soccer Company, Incorporated (SCORE)   237    2,601 
Arborworks Acquisition LLC   780    1,872 
Basel U.S. Acquisition Co., Inc. (IAC)   1,622    1,622 
BCI Burke Holding Corp.   4,659    4,659 
OAO Acquisitions, Inc. (BearCom)   6,172    6,982 
BLP Buyer, Inc. (Bishop Lifting Products)   3,362    6,548 
BR PJK Produce, LLC (Keany)   2,352    2,870 
Brightview, LLC   194    
-
 
Carton Packaging Buyer, Inc.   2,848    2,848 
CCFF Buyer, Inc   17,738    
-
 
CGI Automated Manufacturing, LLC   556    2,390 
City Line Distributors, LLC   2,530    5,322 
Curio Brands, LLC   1,719    1,719 
DISA Holdings Corp. (DISA)   3,456    6,142 
Diverzify Intermediate, LLC   3,155    
-
 
DRS Holdings III, Inc. (Dr. Scholl’s)   310    310 
Eastern Wholesale Fence   198    1,332 
EIS Legacy, LLC   3,846    6,922 
Energy Acquisition LP (Electrical Components International, Inc. – ECI)   1,442    
-
 
Envirotech Services, LLC   6,704    
-
 
Eppinger Technologies, LLC   1,450    1,450 
FCA, LLC (FCA Packaging)   2,492    2,670 
Foundation Consumer Brands   577    577 
Fralock Buyer LLC   100    300 
Guardian Dentistry Partners   773    
-
 
Guided Practice Solutions   4,000    10,299 
Gulf Pacific Holdings, LLC   8,655    10,153 
Gusmer Enterprises, Inc.   3,677    3,676 
Home Brands Group Holdings, Inc. (ReBath)   2,099    2,099 
I.D. Images Acquisition, LLC   2,020    2,020 
IF&P Foods, LLC (FreshEdge)   1,656    1,656 
Improving Acquisition LLC   1,672    1,672 
Krayden Holdings, Inc.   5,437    5,438 
Light Wave Dental Management LLC   1,251    827 
LSL Industries, LLC (LSL Healthcare)   15,224    15,224 
Luxium Solutions, LLC   1,239    
-
 
MacNeill Pride Group   1,798    3,877 
Phoenix YW Buyer, Inc. (Elida Beauty)   1,960    
-
 
Pixel Intermediate, LLC   1,883    
-
 
PMFC Holding, LLC   68    137 
Refocus Management Services, LLC   8,799    
-
 
Regiment Security Partners LLC   103    104 
The Robinette Company   6,254    
-
 
Ruff Roofers Buyer, LLC   10,966    10,966 
Salt Dental Collective   1,768    
-
 
SGA Dental Partners Holdings, LLC   4,397    5,087 
Siegel Egg Co., LLC   528    537 
Silk Holdings III Corp. (Suave)   6,667    
-
 
Spinrite, Inc.   2,549    
-
 
Sundance Holdings Group, LLC   438    439 
Trademark Global LLC   480    480 
United Safety & Survivability Corporation (USSC)   
-
    469 
USALCO, LLC   1,494    1,494 
Vehicle Accessories, Inc.   1,926    1,671 
Vitesse Systems Parent, LLC   312    
-
 
Worldwide Produce Acquisition, LLC   424    1,286 
 Total unfunded commitments  $178,545   $147,928 
v3.24.2.u1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share of Common Stock The following table sets forth the computation of basic and diluted earnings per share of common stock for the six months ended June 30, 2024 and 2023.
   For the three months ended   For the six months ended 
   June 30,
2024		   June 30,
2023		   June 30,
2024		   June 30,
2023		 
Net increase (decrease) in net assets resulting from operations  $31,180   $21,002   $58,935   $40,409 
Weighted average shares of common stock outstanding - basic and diluted
   67,426,904    38,905,173    56,386,161    37,425,525 
Earnings (loss) per share of common stock - basic and diluted
  $0.46   $0.54   $1.05   $1.08 
v3.24.2.u1
Financial Highlights (Tables)
 6 Months Ended
Jun. 30, 2024
Schedule of Financial Highlights [Line Items]  
Schedule of Financial Highlights The following is a schedule of financial highlights for the six months ended June 30, 2024 and 2023.
  

For the six months ended

June 30,

 
Per Common Share Operating Performance (1)  2024 (amounts in
thousands, except
share and
per share
amounts)		   2023 (amounts in
thousands, except
share and
per share
amounts)		 
Net Asset Value, Beginning of Period  $16.42   $16.50 
           
Results of Operations:          
Net Investment Income   1.03    1.10 
Net Realized and Unrealized Gain (Loss) on Investments(2)   0.03    (0.02)
Net Increase (Decrease) in Net Assets Resulting from Operations   1.06    1.08 
           
Distributions to Common Stockholders          
Distributions   (0.80)   (1.00)
Net Decrease in Net Assets Resulting from Distributions   (0.80)   (1.00)
           
Capital Share Transactions          
Issuance of Common Stock, net of Underwriting and Offering Costs   (0.11)   
-
 
Net Increase (Decrease) Resulting from Capital Share Transactions   (0.11)   
-
 
Net Asset Value, End of Period  $16.57   $16.58 
Per Share Market Value, End of Period  $15.95   $N/A  
           
Shares Outstanding, End of Period   71,116,459    39,013,826 
           
Ratio/Supplemental Data          
Net assets, end of period  $1,178,176   $646,926 
Weighted-average shares outstanding   56,386,161    37,425,525 
Total Return based on net asset value(3)   5.9%   6.6%
Total Return based on market value(4)   (1.7)%   N/A 
Portfolio turnover   7.9%   5.1%
Ratio of operating expenses to average net assets before waivers(5)   10.2%   11.9%
Ratio of operating expenses to average net assets with waiver(5)   9.2%   11.9%
Ratio of net investment income (loss) to average net assets(5)   13.1%   13.5%
(1) The per common share data was derived by using weighted average shares outstanding.

 

(2) Realized and unrealized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per share for the period and may not reconcile with the aggregate gains and losses in the Consolidated Statement of Operations due to share transactions during the period.
(3) Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share (if any), divided by the beginning NAV per share. The calculation also assumes reinvestment of dividends at actual prices pursuant to the Company’s dividend reinvestment plan. Total return is not annualized.
(4) Total return based on market value is calculated as the change in market value per share during the respective periods, plus distributions per share, if any, divided by the beginning market value per share. The calculation also assumes reinvestment of dividends at actual prices pursuant to the Company’s dividend reinvestment plan. The beginning market value per share is based on the initial public offering price of $16.63 per share and not annualized.
(5) Ratio is annualized.
v3.24.2.u1
Organization (Details) - USD ($)
$ / shares in Units, $ in Thousands
 6 Months Ended
May 24, 2024
Apr. 02, 2024
Jun. 30, 2024
Jun. 30, 2023
Organization [Line Items]        
Net of underwriting fees and net of offering expenses $ 93,793      
Aggregate capital commitment     $ 480,997 $ 50,000
IPO [Member]        
Organization [Line Items]        
Issuance shares of its common stock (in Shares) 6,000,000      
Offering price (in Dollars per share) $ 16.63      
Net of underwriting fees and net of offering expenses $ 92,363      
Aggregate capital commitment     $ 488,414 $ 50,000
Common Stock [Member]        
Organization [Line Items]        
Aggregate capital commitment   $ 1,046,928    
v3.24.2.u1
Significant Accounting Policies (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Significant Accounting Policies [Line Items]    
Investments percentage 25.00%  
PIK interest (in Dollars) $ 663 $ 1,035
Aggregate interest income rate 0.70% 1.30%
Distributions percentage 90.00%  
Non-deductible excise tax, description All RICs are subject to a non-deductible 4% excise tax on income that is not distributed on a timely basis in accordance with the calendar year distribution requirements. To avoid the tax, the Company must distribute during each calendar year an amount at least equal to the sum of (i) 98% of its ordinary income for the calendar year, (ii) 98.2% of its net capital gains for the one-year period ending on December 31, the last day of our taxable year, and (iii) undistributed amounts from previous years on which the Company paid no U.S. federal income tax.  
Minimum [Member]    
Significant Accounting Policies [Line Items]    
Investment on non-accrual percentage 1.20%  
Maximum [Member]    
Significant Accounting Policies [Line Items]    
Investment on non-accrual percentage 1.00%  
v3.24.2.u1
Agreements and Related Party Transactions (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Agreements and Related Party Transactions [Line Items]        
Base management fee annual rate     1.00%  
Percentage of twelve quarter hurdle rate     1.50%  
Percentage of fair market value     0.90%  
Percentage of annual rate computation for base management fee     1.00%  
Percentage of annual rate for base management fee of contractual waiver     0.25%  
Incurred base management fees (in Dollars) $ 3,780 $ 2,848 $ 7,302 $ 5,533
Pre-incentive fee net investment income     1.50%  
Pre-incentive fee net investment income annual preferred return     6.00%  
Incentive fee on income description     Prior to the IPO Date, the income incentive fee is calculated as 100% of our pre-incentive fee net investment income for the immediately preceding calendar quarter in excess of 1.50% of the Company’s NAV at the end of the immediately preceding calendar quarter until the Advisor has received 10% of the total pre-incentive fee net income for that calendar quarter and, for pre-incentive fee net investment income in excess of 1.6667%, 10% of all remaining pre-incentive fee net investment income for that quarter.  
Percentage of hurdle rate for the first quarter     1.50%  
Percentage of hurdle rate for annual     6.00%  
Percentage of aggregate pre incentive fee exceeds hurdle rate for quarter     100.00%  
Percentage of minimum quarterly rate before IPO     1.6667%  
Percentage of minimum quarterly rate after IPO     1.7647%  
Percentage of pre incentive fee before IPO     10.00%  
Percentage of pre incentive fee after IPO     15.00%  
Percentage of aggregate pre incentive fee exceeds quarterly rate     10.00%  
Percentage of Maximum Quarterly Rate Before the IPO     1.6667%  
Percentage of Pre-Incentive Fee Net Investment Income Exceeds Quarterly Rate for First Quarter     15.00%  
Percentage of quarterly rate exceeds for first quarter     1.7647%  
Percentage of trailing twelve quarter equals hurdle rate for quarter     1.50%  
Percentage of trailing twelve quarter equals hurdle rate for annual     6.00%  
Percentage of aggregate pre incentive fee exceeds hurdle rate for trailing twelve quarter     100.00%  
Percentage of computation for catch up amount     1.7647%  
Percentage of aggregate pre incentive fee exceeds catch up amount for trailing twelve quarters     15.00%  
Percentage of cumulative pre incentive fee net return under trailing twelve quarters     15.00%  
Percentage of realized capital gains payable prior the effective date     10.00%  
Percentage of realized capital gains payable upon the effective date     15.00%  
Incurred incentive fees on income (in Dollars) 0 $ 2,420 $ 2,631 $ 4,558
Net of wavier (in Dollars) 4,109   4,109  
Accrued earned fees paid (in Dollars)     16,826  
Financial Support, Waived Fees [Member]        
Agreements and Related Party Transactions [Line Items]        
Net of wavier (in Dollars) $ 471   $ 471  
Maximum [Member]        
Agreements and Related Party Transactions [Line Items]        
Percentage of computation for capital gain incentive fee     15.00%  
Minimum [Member]        
Agreements and Related Party Transactions [Line Items]        
Percentage of computation for capital gain incentive fee     10.00%  
v3.24.2.u1
Investments (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Investments [Abstract]    
Non-qualifying assets $ 182,075 $ 68,578
v3.24.2.u1
Investments (Details) - Schedule of Investment Portfolio at Amortized Cost and Fair Value - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]    
Total Investments, Amortized Cost $ 1,846,250 $ 1,356,025
Total Investments, Fair Value 1,867,402 1,376,300
First-lien senior secured debt investments [Member]    
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]    
Total Investments, Amortized Cost 1,808,343 1,327,190
Total Investments, Fair Value 1,828,431 1,346,174
Equity investments [Member]    
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]    
Total Investments, Amortized Cost 17,563 16,033
Total Investments, Fair Value 18,627 17,324
Short-term investments [Member]    
Schedule of Investment Portfolio at Amortized Cost and Fair Value [Line Items]    
Total Investments, Amortized Cost 20,344 12,802
Total Investments, Fair Value $ 20,344 $ 12,802
v3.24.2.u1
Investments (Details) - Schedule of Composition of Long-Term Investments Based on Fair Value
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 100.00% 100.00%
Trading companies & distributors [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 12.90% 15.30%
Food products [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 9.60% 11.50%
Commercial services & supplies [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 8.10% 9.40%
Health care providers & services [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 7.90% 7.40%
Containers & packaging [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 6.10% 7.20%
Aerospace & defense [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 5.40% 6.30%
Professional services [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 5.10% 4.50%
Personal care products [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 4.00% 3.00%
Leisure products [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 4.00% 3.30%
Machinery [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 3.20% 3.80%
IT services [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 2.80% 3.80%
Chemicals [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 2.80% 3.10%
Textiles, apparel & luxury goods [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 2.50% 3.30%
Automobile components [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 2.40% 2.00%
Specialty retail [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 2.40% 0.70%
Insurance [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 2.10% 2.20%
Pharmaceuticals [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 2.00% 0.50%
Software [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 1.90% 2.50%
Diversified telecommunication services [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 1.70% 0.40%
Wireless telecommunication services [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 1.60% 2.10%
Health care equipment & supplies [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 1.60% 1.50%
Hotels, restaurants & leisure [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 1.50%
Building products [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 1.50% 2.00%
Household durables [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 1.10% 1.50%
Entertainment [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.90%
Household products [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.90% 1.20%
Media [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.90%
Construction materials [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.80%
Biotechnology [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.70% 0.90%
Semiconductors & semiconductor equipment [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.60%
Electrical equipment [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.50%
Capital markets [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.40% 0.60%
Diversified consumer services [Member]    
Schedule of Composition of Long-Term Investments Based on Fair Value [Line Items]    
Long-term investments fair value percentage 0.10%
v3.24.2.u1
Fair Value (Details) - Schedule of Fair Value Hierarchy of Investments - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Schedule of Fair Value Hierarchy of Investments [Line Items]    
First-lien senior secured debt investments $ 1,828,431 $ 1,346,174
Equity investments 18,627 17,324
Short-term investments 20,344 12,802
Total Investments 1,867,402 1,376,300
Level 1 [Member]    
Schedule of Fair Value Hierarchy of Investments [Line Items]    
First-lien senior secured debt investments
Equity investments
Short-term investments 20,344 12,802
Total Investments 20,344 12,802
Level 2 [Member]    
Schedule of Fair Value Hierarchy of Investments [Line Items]    
First-lien senior secured debt investments 272,661
Equity investments
Short-term investments
Total Investments 272,661
Level 3 [Member]    
Schedule of Fair Value Hierarchy of Investments [Line Items]    
First-lien senior secured debt investments 1,555,770 1,346,174
Equity investments 18,627 17,324
Short-term investments
Total Investments $ 1,574,397 $ 1,363,498
v3.24.2.u1
Fair Value (Details) - Schedule of Fair Value of Investments for which Level 3 Inputs - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Schedule of Fair Value of Investments for which Level 3 Inputs [Line Items]        
Fair value, beginning of period $ 1,482,342 $ 1,254,359 $ 1,363,498 $ 1,165,119
Purchases of investments, including PIK, if any 132,522 74,419 276,202 178,664
Proceeds from sales of investments and principal repayments (40,471) (46,298) (72,861) (63,543)
Net change in unrealized gain (loss) (2,846) (731) 2,092 (606)
Net realized gain (loss)
Net accretion of discount on investments 2,850 2,202 5,466 4,317
Transfers into (out of) Level 3
Fair value, end of period 1,574,397 1,283,951 1,574,397 1,283,951
First-lien senior secured debt investments [Member]        
Schedule of Fair Value of Investments for which Level 3 Inputs [Line Items]        
Fair value, beginning of period 1,463,891 1,247,020 1,346,174 1,157,971
Purchases of investments, including PIK, if any 132,011 74,232 274,672 178,477
Proceeds from sales of investments and principal repayments (40,471) (46,298) (72,861) (63,543)
Net change in unrealized gain (loss) (2,511) (1,108) 2,319 (1,174)
Net realized gain (loss)  
Net accretion of discount on investments 2,850 2,202 5,466 4,317
Transfers into (out of) Level 3
Fair value, end of period 1,555,770 1,276,048 1,555,770 1,276,048
Private equity investments [Member]        
Schedule of Fair Value of Investments for which Level 3 Inputs [Line Items]        
Fair value, beginning of period 18,451 7,339 17,324 7,148
Purchases of investments, including PIK, if any 511 187 1,530 187
Proceeds from sales of investments and principal repayments
Net change in unrealized gain (loss) (335) 377 (227) 568
Net realized gain (loss)
Net accretion of discount on investments
Transfers into (out of) Level 3
Fair value, end of period $ 18,627 $ 7,903 $ 18,627 $ 7,903
v3.24.2.u1
Fair Value (Details) - Schedule of Significant Unobservable Inputs Level 3 Investments - Level 3 [Member] - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Fair Value (in Dollars) $ 1,574,397 $ 1,363,498
Measurement Input, Discount Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | First-lien senior secured debt investments [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Fair Value (in Dollars) $ 1,555,770 $ 1,346,174
Valuation Technique Discounted cash flow analysis Discounted cash flow analysis
Unobservable Input Discount rate Discount rate
Measurement Input, Discount Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | First-lien senior secured debt investments [Member] | Minimum [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Range 8.40% 8.30%
Measurement Input, Discount Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | First-lien senior secured debt investments [Member] | Maximum [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Range 15.00% 15.00%
Measurement Input, Discount Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | First-lien senior secured debt investments [Member] | Weighted Average [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Weighted Average 10.10% 10.20%
Measurement Input, Discount Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | Preferred Equity Investment [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Fair Value (in Dollars) $ 9,078  
Valuation Technique Discounted cash flow analysis  
Unobservable Input Discount rate  
Range 15.00%  
Measurement Input, Discount Rate [Member] | Valuation Technique, Discounted Cash Flow [Member] | Preferred Equity Investment [Member] | Weighted Average [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Weighted Average 15.00%  
Measurement Input Original Cost [Member] | Valuation Technique, Discounted Cash Flow [Member] | Preferred Equity Investment [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Fair Value (in Dollars)   $ 9,287
Valuation Technique   Discounted cash flow analysis
Unobservable Input   Original Cost
Range   15.00%
Measurement Input Original Cost [Member] | Valuation Technique, Discounted Cash Flow [Member] | Preferred Equity Investment [Member] | Weighted Average [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Weighted Average   15.00%
Measurement Input Original Cost [Member] | Precedent Transaction Analysis [Member] | Common Equity Investment [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Fair Value (in Dollars) $ 500  
Valuation Technique Precedent Transaction Analysis  
Unobservable Input Original cost  
Range 1.00%  
Measurement Input Original Cost [Member] | Precedent Transaction Analysis [Member] | Common Equity Investment [Member] | Weighted Average [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Weighted Average 1.00%  
Measurement Input, Default Rate [Member] | Comparable Multiples [Member] | Other equity investments [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Fair Value (in Dollars) $ 9,049 $ 8,037
Valuation Technique Comparable Multiples Comparable Multiples
Unobservable Input EV / EBITDA EV/ EBITDA
Measurement Input, Default Rate [Member] | Comparable Multiples [Member] | Other equity investments [Member] | Minimum [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Range 7.00% 7.10%
Measurement Input, Default Rate [Member] | Comparable Multiples [Member] | Other equity investments [Member] | Maximum [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Range 17.20% 17.20%
Measurement Input, Default Rate [Member] | Comparable Multiples [Member] | Other equity investments [Member] | Weighted Average [Member]    
Schedule of Significant Unobservable Inputs Level 3 Investments [Line Items]    
Weighted Average 11.60% 11.50%
v3.24.2.u1
Debt (Details) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 22, 2024
Apr. 03, 2024
Apr. 01, 2024
Dec. 22, 2023
Jun. 30, 2024
Jun. 29, 2024
Jun. 30, 2023
Debt [Line Items]              
Initial commitment amount (in Dollars)         $ 400,000    
Line of credit facility, interest rate during period         1.25%    
Commitment fee percentage       0.50%      
Subject to availability amount (in Dollars)     $ 50,000        
Extension fee percentage         0.075%    
Percentage of asset coverage ratio         150.00%    
Deferred financing costs (in Dollars)         $ 6,431    
Senior Unsecured Notes [Member]              
Debt [Line Items]              
Average borrowings outstanding (in Dollars)         $ 75,000    
Weighted average interest rate         8.71%    
Subscription Credit Agreement [Member]              
Debt [Line Items]              
SOFR plus percentage         2.25%    
Maximum [Member]              
Debt [Line Items]              
Line of credit facility, interest rate during period         1.50%    
Commitment amount (in Dollars)   $ 600,000          
Percentage of secured debt ratio           60.00%  
Minimum [Member]              
Debt [Line Items]              
Line of credit facility, interest rate during period         1.00%    
Commitment amount (in Dollars)   $ 455,000          
Percentage of secured debt ratio           55.00%  
SOFR [Member]              
Debt [Line Items]              
SOFR plus percentage         2.75%    
SOFR [Member] | Maximum [Member]              
Debt [Line Items]              
SOFR plus percentage         2.375%    
SOFR [Member] | Minimum [Member]              
Debt [Line Items]              
SOFR plus percentage         2.50%    
Loan and Security Agreement [Member]              
Debt [Line Items]              
SOFR plus percentage         8.02%    
Corporate Credit Facility [Member]              
Debt [Line Items]              
Line of credit facility, interest rate during period         2.35%    
Average borrowings outstanding (in Dollars)         $ 146,692   $ 293,044
Commitment amount (in Dollars)     $ 50,000        
Corporate Credit Facility [Member] | Borrowings [Member]              
Debt [Line Items]              
Average borrowings outstanding (in Dollars)         $ 75,000    
Weighted average interest rate         7.69%    
Corporate Credit Facility [Member] | Maximum [Member]              
Debt [Line Items]              
Credit Facility amount (in Dollars)         $ 550,000    
Subscription Credit Agreement [Member]              
Debt [Line Items]              
Commitment fee percentage         0.375%    
Average borrowings outstanding (in Dollars)         $ 6,648   $ 67,320
Weighted average interest rate         7.61%   6.76%
SOFR floor percentage         0.275%    
Commitment fee percentage         0.25%    
Loan and Security Agreement [Member]              
Debt [Line Items]              
Interest rate description         Amounts available to borrow under the Corporate Credit Facility are subject to compliance with a borrowing base that applies different advance rates to different types of assets (based on their value as determined pursuant to the Corporate Credit Facility) that are pledged as collateral.    
Average borrowings outstanding (in Dollars)         $ 338,906   $ 268,204
Borrowings [Member] | Corporate Credit Facility [Member]              
Debt [Line Items]              
Weighted average interest rate         7.73%   7.06%
Revolving Funding Facility [Member]              
Debt [Line Items]              
Initial commitment amount (in Dollars)         $ 600,000    
Revolving Funding Facility [Member] | Corporate Credit Facility [Member]              
Debt [Line Items]              
Weighted average interest rate         7.92%   7.45%
Revolving Funding Facility [Member] | Borrowings [Member]              
Debt [Line Items]              
Average borrowings outstanding (in Dollars)         $ 389,000    
Weighted average interest rate         7.76%    
Revolving Funding Facility [Member] | Maximum [Member]              
Debt [Line Items]              
Commitment fee percentage         1.50%    
Revolving Funding Facility [Member] | Minimum [Member]              
Debt [Line Items]              
Commitment fee percentage         0.50%    
Revolving Funding Facility Two [Member]              
Debt [Line Items]              
Average borrowings outstanding (in Dollars)         $ 83,000    
Weighted average interest rate         8.01%    
SOFR plus percentage         2.70%    
Revolving Funding Facility Two [Member] | Maximum [Member]              
Debt [Line Items]              
Initial commitment (in Dollars)         $ 500,000    
Revolving Funding Facility Two [Member] | Minimum [Member]              
Debt [Line Items]              
Initial commitment (in Dollars)         150,000    
Revolving Funding Facility II [Member]              
Debt [Line Items]              
Average borrowings outstanding (in Dollars)         $ 69,098    
Investment Grade Event and Secured Debt Ratio Event [Member]              
Debt [Line Items]              
Line of credit facility, interest rate during period         2.00%    
Loan and Security Agreement and Subscription Credit Agreement [Member]              
Debt [Line Items]              
Deferred financing costs (in Dollars)         $ 9,448    
Forecast [Member]              
Debt [Line Items]              
Commitment fee percentage 0.75%            
v3.24.2.u1
Debt (Details) - Schedule of Series of Notes Outstanding
$ in Thousands
 6 Months Ended
Jun. 30, 2024
USD ($)
Schedule of Series of Notes Outstanding [Line Items]  
Principal Outstanding $ 75,000
Unamortized Issuance Costs 748
Estimated Fair Value 80,920
Series A [Member]  
Schedule of Series of Notes Outstanding [Line Items]  
Principal Outstanding 25,000
Unamortized Issuance Costs 236
Estimated Fair Value $ 26,828
Fixed Interest Rate 8.65%
Maturity Jun. 30, 2027
Series B [Member]  
Schedule of Series of Notes Outstanding [Line Items]  
Principal Outstanding $ 50,000
Unamortized Issuance Costs 512
Estimated Fair Value $ 54,092
Fixed Interest Rate 8.74%
Maturity Jun. 30, 2028
v3.24.2.u1
Debt (Details) - Schedule of Debt Obligations - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Schedule of Debt Obligations [Line Items]    
Aggregate Principal Committed $ 1,225,000 $ 1,130,000
Outstanding Principal 622,000 695,750
Amount Available 603,000 [1] 233,502 [2]
Carrying Value [Member]    
Schedule of Debt Obligations [Line Items]    
Net Carrying Value 612,552 [3] 689,319 [4]
Notes [Member]    
Schedule of Debt Obligations [Line Items]    
Aggregate Principal Committed 75,000 75,000
Outstanding Principal 75,000 75,000
Amount Available [1] [2]
Notes [Member] | Carrying Value [Member]    
Schedule of Debt Obligations [Line Items]    
Net Carrying Value 74,252 [3] 74,149 [4]
Corporate Credit Facility [Member]    
Schedule of Debt Obligations [Line Items]    
Aggregate Principal Committed 400,000  
Outstanding Principal 75,000  
Amount Available [1] 325,000  
Corporate Credit Facility [Member] | Carrying Value [Member]    
Schedule of Debt Obligations [Line Items]    
Net Carrying Value [3] 73,679  
Revolving Funding Facility [Member]    
Schedule of Debt Obligations [Line Items]    
Aggregate Principal Committed 600,000  
Outstanding Principal 389,000  
Amount Available [1] 211,000  
Revolving Funding Facility [Member] | Carrying Value [Member]    
Schedule of Debt Obligations [Line Items]    
Net Carrying Value [3] 383,192  
Revolving Funding Facility II [Member]    
Schedule of Debt Obligations [Line Items]    
Aggregate Principal Committed 150,000 150,000
Outstanding Principal 83,000 70,000
Amount Available 67,000 [1] 9,716 [2]
Revolving Funding Facility II [Member] | Carrying Value [Member]    
Schedule of Debt Obligations [Line Items]    
Net Carrying Value $ 81,429 [3] 68,195 [4]
Corporate Credit Facility [Member]    
Schedule of Debt Obligations [Line Items]    
Aggregate Principal Committed   400,000
Outstanding Principal   234,000
Amount Available [2]   166,000
Corporate Credit Facility [Member] | Carrying Value [Member]    
Schedule of Debt Obligations [Line Items]    
Net Carrying Value [4]   232,285
Revolving Funding Facility [Member]    
Schedule of Debt Obligations [Line Items]    
Aggregate Principal Committed   455,000
Outstanding Principal   306,000
Amount Available [2]   18,536
Revolving Funding Facility [Member] | Carrying Value [Member]    
Schedule of Debt Obligations [Line Items]    
Net Carrying Value [4]   303,981
Subscription Credit Agreement [Member]    
Schedule of Debt Obligations [Line Items]    
Aggregate Principal Committed   50,000
Outstanding Principal   10,750
Amount Available [2]   39,250
Subscription Credit Agreement [Member] | Carrying Value [Member]    
Schedule of Debt Obligations [Line Items]    
Net Carrying Value [4]   $ 10,709
[1] The amount available under the Company’s credit facilities do not reflect any limitations related to each borrowing base as of June 30, 2024 for the assets held at KABDCF and KABDCF II.
[2] The amount available under the Company’s credit facilities reflects the assets held at KABDCF and KABDCF II and any limitations related to each borrowing base as of December 31, 2023.
[3] The carrying value of the Notes, Corporate Credit Facility, Revolving Funding Facility and Revolving Funding Facility II are presented net of deferred financing costs totaling $9,448.
[4] The carrying value of the Notes, Corporate Credit Facility, Revolving Funding Facility, Revolving Funding Facility II, and Subscription Credit Agreement are presented net of deferred financing costs totaling $6,431.
v3.24.2.u1
Debt (Details) - Schedule of Components of Interest Expense - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Schedule of Components of Interest Expense [Line Items]        
Interest expense $ 12,312 $ 12,409 $ 27,071 $ 23,341
Amortization of debt issuance costs 927 593 1,824 1,184
Total interest expense 13,239 13,002 28,895 24,525
Average borrowings $ 569,341 $ 643,780 $ 636,346 $ 629,398
Debt Investments [Member]        
Schedule of Components of Interest Expense [Line Items]        
Average interest rate 9.30% 8.10% 9.10% 7.90%
v3.24.2.u1
Share Transactions (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 15, 2024
May 24, 2024
Mar. 29, 2024
Jun. 30, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Share Transactions [Line Items]                
Net of underwriting fees and net of offering expenses   $ 93,793            
Reinvested amount     $ 3,150 $ 1,577 $ 1,089 $ 2,044 $ 3,150 $ 2,044
10b5-1 Plan [Member]                
Share Transactions [Line Items]                
Share repurchase plan             100,000  
Aggregate purchase price             $ 100,000  
DRIP [Member]                
Share Transactions [Line Items]                
Reinvested amount $ 4,431              
IPO [Member]                
Share Transactions [Line Items]                
Issuance shares of its common stock (in Shares)   6,000,000            
Offering price (in Dollars per share)   $ 16.63            
Net of underwriting fees and net of offering expenses   $ 92,363            
v3.24.2.u1
Share Transactions (Details) - Schedule of Common Stock Shares Issued and Aggregate Proceeds - IPO [Member] - USD ($)
$ / shares in Units, $ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Schedule of Common Stock Shares Issued and Aggregate Proceeds [Line Items]    
Offering price per share $ 16.63  
Common stock shares issued 29,322,186 3,010,942
Aggregate offering amount $ 488,414 $ 50,000
February 14, 2024 [Member]    
Schedule of Common Stock Shares Issued and Aggregate Proceeds [Line Items]    
Offering price per share $ 16.74  
Common stock shares issued 7,089,771  
Aggregate offering amount $ 118,689  
April 2, 2024 [Member]    
Schedule of Common Stock Shares Issued and Aggregate Proceeds [Line Items]    
Offering price per share $ 16.63  
Common stock shares issued 16,232,415  
Aggregate offering amount $ 269,945  
May 24, 2024 [Member]    
Schedule of Common Stock Shares Issued and Aggregate Proceeds [Line Items]    
Offering price per share $ 16.63  
Common stock shares issued 6,000,000  
Aggregate offering amount $ 99,780  
April 4, 2023 [Member]    
Schedule of Common Stock Shares Issued and Aggregate Proceeds [Line Items]    
Offering price per share   $ 16.61
Common stock shares issued   3,010,942
Aggregate offering amount   $ 50,000
v3.24.2.u1
Share Transactions (Details) - Schedule of Dividends Declared and Payable by the Company - $ / shares
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Schedule of Dividends Declared and Payable by the Company [Line Items]    
Dividend per share $ 0.8 $ 1
Dividend Declared [Member] | March 6, 2024 [Member]    
Schedule of Dividends Declared and Payable by the Company [Line Items]    
Dividend record date Mar. 29, 2024  
Dividend payment date Apr. 17, 2024  
Dividend per share $ 0.4  
Dividend Declared [Member] | May 8, 2024 [Member]    
Schedule of Dividends Declared and Payable by the Company [Line Items]    
Dividend record date Jun. 28, 2024  
Dividend payment date Jul. 15, 2024  
Dividend per share $ 0.4  
Dividend Declared 2023 [Member] | March 7, 2023 [Member]    
Schedule of Dividends Declared and Payable by the Company [Line Items]    
Dividend record date   Mar. 31, 2023
Dividend payment date   Apr. 14, 2023
Dividend per share   $ 0.47
Dividend Declared 2023 [Member] | May 10, 2023 [Member]    
Schedule of Dividends Declared and Payable by the Company [Line Items]    
Dividend record date   Jun. 30, 2023
Dividend payment date   Jul. 14, 2023
Dividend per share   $ 0.53
v3.24.2.u1
Share Transactions (Details) - Schedule of Amounts Received and Shares of Common Stock Issued to Shareholder - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 29, 2024
Dec. 29, 2023
Mar. 31, 2023
Dec. 29, 2022
Jun. 30, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dividends Payable [Line Items]                  
DRIP shares issued 190,607           123,593    
DRIP value $ 3,150       $ 1,577 $ 1,089 $ 2,044 $ 3,150 $ 2,044
Dividend Declared 2024 [Member] | December 29, 2023 [Member]                  
Dividends Payable [Line Items]                  
Dividend payment date   Jan. 16, 2024              
DRIP shares issued   95,791              
DRIP value   $ 1,573              
Dividend Declared 2024 [Member] | March 29, 2024 [Member]                  
Dividends Payable [Line Items]                  
Dividend payment date Apr. 17, 2024                
DRIP shares issued 94,816                
DRIP value $ 1,577                
Dividend Declared 2023 [Member] | December 29, 2022 [Member]                  
Dividends Payable [Line Items]                  
Dividend payment date       Jan. 13, 2023          
DRIP shares issued       57,860          
DRIP value       $ 955          
Dividend Declared 2023 [Member] | March 31, 2023 [Member]                  
Dividends Payable [Line Items]                  
Dividend payment date     Apr. 14, 2023            
DRIP shares issued     65,733            
DRIP value     $ 1,089            
v3.24.2.u1
Share Transactions (Details) - Schedule of Special Dividneds - Special Dividend [Member]
 6 Months Ended
Jun. 30, 2024
$ / shares
December 05, 2024 [Member]  
Schedule of Special Dividends - Special Dividend [Line Items]  
Pay date Dec. 20, 2024
Special Dividend $ 0.1
March 3,2025 [Member]  
Schedule of Special Dividends - Special Dividend [Line Items]  
Pay date Mar. 18, 2025
Special Dividend $ 0.1
June 9 2025 [Member]  
Schedule of Special Dividends - Special Dividend [Line Items]  
Pay date Jun. 24, 2025
Special Dividend $ 0.1
v3.24.2.u1
Commitments and Contingencies (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Commitments and Contingencies [Abstract]    
Unfunded commitments $ 178,545 $ 147,928
v3.24.2.u1
Commitments and Contingencies (Details) - Schedule of Composition of the Unfunded Commitments - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments $ 178,545 $ 147,928
Alcami Corporation (Alcami) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,565 2,543
Allcat Claims Service, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 5,370 5,370
Allentown, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 663 785
American Equipment Holdings LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,931 483
American Soccer Company, Incorporated (SCORE) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 237 2,601
Arborworks Acquisition LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 780 1,872
Basel U.S. Acquisition Co., Inc. (IAC) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,622 1,622
BCI Burke Holding Corp. [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 4,659 4,659
OAO Acquisitions, Inc. (BearCom) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 6,172 6,982
BLP Buyer, Inc. (Bishop Lifting Products) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 3,362 6,548
BR PJK Produce, LLC (Keany) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 2,352 2,870
Brightview, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 194
Carton Packaging Buyer, Inc. [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 2,848 2,848
CCFF Buyer, Inc [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 17,738
CGI Automated Manufacturing, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 556 2,390
City Line Distributors, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 2,530 5,322
Curio Brands, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,719 1,719
DISA Holdings Corp. (DISA) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 3,456 6,142
Diverzify Intermediate, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 3,155
DRS Holdings III, Inc. (Dr. Scholl's) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 310 310
Eastern Wholesale Fence [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 198 1,332
EIS Legacy, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 3,846 6,922
Energy Acquisition LP (Electrical Components International, Inc. – ECI) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,442
Envirotech Services, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 6,704
Eppinger Technologies, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,450 1,450
FCA, LLC (FCA Packaging) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 2,492 2,670
Foundation Consumer Brands [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 577 577
Fralock Buyer LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 100 300
Guardian Dentistry Partners [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 773
Guided Practice Solutions: Dental, LLC (GPS) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 4,000 10,299
Gulf Pacific Holdings, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 8,655 10,153
Gusmer Enterprises, Inc. [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 3,677 3,676
Home Brands Group Holdings, Inc. (ReBath) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 2,099 2,099
I.D. Images Acquisition, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 2,020 2,020
IF&P Foods, LLC (FreshEdge) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,656 1,656
Improving Acquisition LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,672 1,672
Krayden Holdings, Inc. [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 5,437 5,438
Light Wave Dental Management LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,251 827
LSL Industries, LLC (LSL Healthcare) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 15,224 15,224
Luxium Solutions LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,239
MacNeill Pride Group [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,798 3,877
Phoenix YW Buyer, Inc. (Elida Beauty) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,960
Pixel Intermediate, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,883
PMFC Holding, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 68 137
Refocus Management Services, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 8,799
Regiment Security Partners LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 103 104
Robinette Company Acquisition, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 6,254
Ruff Roofers Buyer, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 10,966 10,966
Salt Dental Collective [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,768
SGA Dental Partners Holdings, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 4,397 5,087
Siegel Egg Co., LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 528 537
Silk Holdings III Corp. (Suave) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 6,667
Spinrite, Inc. [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 2,549
Sundance Holdings Group, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 438 439
Trademark Global LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 480 480
United Safety & Survivability Corporation (USSC) [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 469
USALCO, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,494 1,494
Vehicle Accessories, Inc. [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 1,926 1,671
Vitesse Systems Parent, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments 312
Worldwide Produce Acquisition, LLC [Member]    
Schedule of Composition of the Unfunded Commitments [Line Items]    
Total unfunded commitments $ 424 $ 1,286
v3.24.2.u1
Earnings Per Share (Details) - Schedule of Basic and Diluted Earnings Per Share of Common Stock - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Earnings Per Share [Abstract]        
Net increase (decrease) in net assets resulting from operations $ 31,180 $ 21,002 $ 58,935 $ 40,409
Weighted average shares of common stock outstanding - basic 67,426,904 38,905,173 56,386,161 37,425,525
Earnings (loss) per share of common stock - basic $ 0.46 $ 0.54 $ 1.05 $ 1.08
v3.24.2.u1
Earnings Per Share (Details) - Schedule of Basic and Diluted Earnings Per Share of Common Stock (Parentheticals) - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Earnings Per Share [Abstract]        
Weighted average shares of common stock outstanding - diluted 67,426,904 38,905,173 56,386,161 37,425,525
Earnings (loss) per share of common stock - diluted $ 0.46 $ 0.54 $ 1.05 $ 1.08
v3.24.2.u1
Financial Highlights (Details)
Jun. 30, 2024
$ / shares
IPO [Member]  
Financial Highlights [Line Items]  
Market value per share $ 16.63
v3.24.2.u1
Financial Highlights (Details) - Schedule of Financial Highlights - USD ($)
$ / shares in Units, $ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Schedule of Financial Highlights [Line Items]    
Net Asset Value, Beginning of Period [1] $ 16.42 $ 16.5
Results of Operations:    
Net Investment Income [1] 1.03 1.1
Net Realized and Unrealized Gain (Loss) on Investments [1],[2] 0.03 (0.02)
Net Increase (Decrease) in Net Assets Resulting from Operations [1] 1.06 1.08
Distributions to Common Stockholders    
Distributions [1] (0.8) (1)
Net Decrease in Net Assets Resulting from Distributions [1] (0.8) (1)
Capital Share Transactions    
Issuance of Common Stock, net of Underwriting and Offering Costs [1] (0.11)
Net Increase (Decrease) Resulting from Capital Share Transactions [1] (0.11)
Net Asset Value, End of Period [1] 16.57 16.58
Per Share Market Value, End of Period [1] $ 15.95
Shares Outstanding, End of Period (in Shares) [1] 71,116,459 39,013,826
Ratio/Supplemental Data    
Net assets, end of period (in Dollars) [1] $ 1,178,176 $ 646,926
Weighted-average shares outstanding (in Shares) [1] 56,386,161 37,425,525
Total Return based on net asset value [1],[3] 5.90% 6.60%
Total Return based on market value [1],[4] (1.70%)
Portfolio turnover [1] 7.90% 5.10%
Ratio of operating expenses to average net assets before waivers [1],[5] 10.20% 11.90%
Ratio of operating expenses to average net assets with waiver [1],[5] 9.20% 11.90%
Ratio of net investment income (loss) to average net assets [1],[5] 13.10% 13.50%
[1] The per common share data was derived by using weighted average shares outstanding.
[2] Realized and unrealized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per share for the period and may not reconcile with the aggregate gains and losses in the Consolidated Statement of Operations due to share transactions during the period.
[3] Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share (if any), divided by the beginning NAV per share. The calculation also assumes reinvestment of dividends at actual prices pursuant to the Company’s dividend reinvestment plan. Total return is not annualized.
[4] Total return based on market value is calculated as the change in market value per share during the respective periods, plus distributions per share, if any, divided by the beginning market value per share. The calculation also assumes reinvestment of dividends at actual prices pursuant to the Company’s dividend reinvestment plan. The beginning market value per share is based on the initial public offering price of $16.63 per share and not annualized.
[5] Ratio is annualized.
v3.24.2.u1
Subsequent Events (Details) - Subsequent Event [Member] - USD ($)
Aug. 07, 2024
Jul. 15, 2024
Subsequent Events [Line Items]    
Common stockholder per share (in Dollars per share)   $ 0.4
Dividends   $ 28,446,000
Dividends reinvested amount   $ 4,431,000
Dividend to common stockholders per share (in Dollars per share) $ 0.4  
Dividend paid $ 0.4