
	For the year ended December 31, 2025
	Class I			Class S(5)			Class D(5)
Per share data:
Net asset value at the beginning of period	$	25.1266		$	24.9088		$	24.7974
Net investment income (loss) for period(1)	0.3001			0.1784			(0.1177)
Net realized and unrealized gain (loss)(1)	2.1796			0.5290			0.7712
Net increase (decrease) in net assets from operations	2.4797			0.7074			0.6535
Distributions as a return of capital	(2.5616)			(0.5715)			(0.4062)
Total increase (decrease) in net assets	(0.0819)			0.1359			0.2473
Net asset value at the end of period	$	25.0447		$	25.0447		$	25.0447
Total return based on net asset value(2)	9.87		%	2.84		%	2.64		%
Shares outstanding, end of period	81,816,992			1,790,507			26,245
Ratio / Supplemental Data:
Net assets at end of period (in thousands)	$	2,049,085		$	44,843		$	657
Ratio of operating expenses (excluding expense support and management fee waiver) to average net assets(3)(6)(7)	6.56		%	6.83		%	6.71		%
Ratio of expense support to average net assets(3)	(1.03)		%	(0.48)		%	(0.46)		%
Ratio of management fee waiver to average net assets(3)	(0.02)		%	—		%	—		%

Ratio of operating expenses (including expense support and management fee waiver) to average net assets(3)(6)	5.51		%	6.35		%	6.25		%
Ratio of net investment income (loss) to average net assets(3)(6)	2.04		%	(1.83)		%	(2.43)		%
Portfolio turnover rate(4)	6.80		%	6.80		%	6.80		%

(2)For the year ended December 31, 2025, the total return based on NAV equaled the change in NAV during the year plus distributions declared and payable divided by the beginning NAV for the year. The Fund’s performance changes over time and currently may be different than that shown. Past performance is no guarantee of future results. Total return is not annualized.

(6)The ratio of net investment income to average net assets excludes income taxes related to net unrealized gains and losses. The ratio of operating expenses excludes income tax benefit / (expense). For the year ended December 31, 2025, the ratio of income tax benefit related to net investment income to average net assets was (0.54)%, (0.04)% and (0.26)% for Class I, Class S and Class D, respectively, and the ratio of income tax expense related to unrealized gain and loss to average net assets was 3.68%, 3.77% and 4.48% for Class I, Class S and Class D, respectively.


	For the year ended December 31, 2025
	Class I		Class S (5)		Class D (5)
Management fees(3)	1.24	%	1.27	%	1.28	%
Income based fee and capital gains incentive fee(3)	1.39	%	1.37	%	1.88	%


Interest expense(3)	2.81	%	2.78	%	2.78	%
Organizational and offering expenses(3)	0.37	%	0.13	%	0.13	%
Other operating expenses	0.75	%	1.28	%	0.64	%
Total operating expenses	6.56	%	6.83	%	6.71	%


	For the period from May 7, 2024 (inception) to December 31, 2024
	Class I(4)
Per share data:
Net asset value at the beginning of period	$	25.0000
Net investment income (loss) for period(1)	0.8568
Net realized and unrealized gain (loss)(1)	0.1919
Net increase in net assets from operations	1.0487
Distributions as a return of capital	(0.9221)
Total increase in net assets	0.1266
Net asset value at the end of period	$	25.1266
Total return based on net asset value(2)	4.18		%
Shares outstanding, end of period	6,226,600
Ratios / Supplemental Data:
Net assets at end of period (in thousands)	$	156,453
Ratio of operating expenses (excluding expense support and management fee waiver) to average net assets(3)(5)	16.26		%
Ratio of expense support to average net assets(3)	(5.07)		%
Ratio of management fee waiver to average net assets(3)	(0.48)		%
Ratio of incentive fee waiver to average net assets(3)	(0.56)		%
Ratio of operating expenses (including expense support and management fee waiver) to average net assets(3)	10.15		%
Ratio of net investment income (loss) to average net assets(3)	12.96		%
Portfolio turnover rate	0.00		%

(2)For the period from May 7, 2024 (inception) to December 31, 2024, the total return based on NAV equaled the change in NAV during the period plus dividends declared and payable divided by the beginning NAV for the period. The Fund’s performance changes over time and currently may be different than that shown. Past performance is no guarantee of future results. Total return is not annualized.

(3)The ratios reflect an annualized amount based on expenses for 145 days from August 9, 2024 to December 31, 2024 for all expenses other than organizational expenses, management fee, management fee waiver, income based fee and capital gains incentive fee, incentive fee waiver, income tax expense, audit and tax expense.


	For the period from May 7, 2024 (inception) to December 31, 2024
	Class I
Management fees(3)	0.48	%
Income based fee and capital gains incentive fee(3)	0.67	%
Income tax expense(3)	1.41	%
Interest expense (3)	9.16	%
Organizational and offering expenses(3)	1.58	%
Other operating expenses(3)	2.96	%
Total operating expenses	16.26	%