v3.25.4
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Fair Value $ 3,120,386,000 $ 339,136,000
Cash and cash equivalents 296,512,000 25,528,000
Restricted cash 24,290,000 1,789,000
Derivative contracts, at fair value (Cost of $0 and $0, respectively) 9,358,000 10,414,000
Offering costs 134,000 3,078,000
Other assets 4,349,000 662,000
Total assets 3,455,029,000 380,607,000
LIABILITIES    
Term loans payable (net of deferred financing costs of $24,710 and $5,251, respectively) 1,038,499,000 207,253,000
Unsettled trades payable 235,961,000 0
Deferred tax liability, net 35,920,000 1,904,000
Distributions payable 17,432,000 5,742,000
Capital gains incentive fee payable 11,344,000 149,000
Income based incentive fee payable 2,353,000 0
Derivative contracts, at fair value (Cost of $0 and $0, respectively) 6,274,000 824,000
Interest payable 8,906,000 4,541,000
Accrued expenses 1,529,000 3,741,000
Management fees payable 2,226,000 0
Total liabilities 1,360,444,000 224,154,000
Commitments and contingencies (Note 7)
NET ASSETS    
Common shares, par value $0.01 per share, unlimited shares authorized; 83,633,744 and 6,226,600 shares issued and outstanding, respectively 836,000 62,000
Capital in excess of par value 1,969,450,000 149,861,000
Accumulated undistributed earnings 124,299,000 6,530,000
Total net assets 2,094,585,000 156,453,000
Total liabilities and net assets 3,455,029,000 380,607,000
NET ASSET VALUE PER SHARE    
Net assets $ 2,094,585,000 $ 156,453,000
Common shares, outstanding (in shares) 83,633,744 6,226,600
Investment, Unaffiliated Issuer    
ASSETS    
Fair Value $ 2,867,841,000 $ 339,136,000
Investment, Affiliated Issuer, Controlled    
ASSETS    
Fair Value 252,545,000 0
Class I    
NET ASSETS    
Total net assets 2,049,085,000 156,453,000
NET ASSET VALUE PER SHARE    
Net assets $ 2,049,085,000 $ 156,453,000
Common shares, outstanding (in shares) 81,816,992 6,226,600
Net asset value per share (in usd per share) $ 25.0447 $ 25.1266
Class S    
NET ASSETS    
Total net assets $ 44,843,000 $ 0
NET ASSET VALUE PER SHARE    
Net assets $ 44,843,000 $ 0
Common shares, outstanding (in shares) 1,790,507 0
Net asset value per share (in usd per share) $ 25.0447 $ 0
Class D    
NET ASSETS    
Total net assets $ 657,000 $ 0
NET ASSET VALUE PER SHARE    
Net assets $ 657,000 $ 0
Common shares, outstanding (in shares) 26,245 0
Net asset value per share (in usd per share) $ 25.0447 $ 0