The following is a schedule of financial highlights for the years ended December 31, 2025, 2024 and 2023:


	For the year ended December 31,
	2025			2024				2023(10)
	Class I
Per share data:
Net asset value at beginning of period	$	25.62		$	24.88		$		25.00
Net investment income (1)		2.40			2.92				0.02
Net unrealized and realized gains (losses) (1)(2)(7)		0.33			0.31				0.39
Net increase in net assets resulting from operations (1)(8)		2.73			3.23				0.41
Distribution declared (3)		(2.37	)		(2.49	)			(0.53	)
Net asset value at end of period	$	25.98		$	25.62		$		24.88

Total return (4)		11.13	%		13.54	%			1.64	%
Shares outstanding, end of period		35,671,560			13,988,959				4,431,245
Weighted average shares outstanding		25,757,494			8,660,398				4,394,723

Ratios/Supplemental data:
Net assets at end of period	$	926,658		$	358,434		$		110,270
Ratio of net investment income to average net assets (5)(9)		9.33	%		11.53	%			13.01	%
Ratio of net expenses to average net assets (5)(9)		10.27	%		13.12	%			9.24	%
Portfolio turnover (6)		28.73	%		19.23	%			5.92	%

(1)

The per share data was derived by using the weighted average shares outstanding during the period.

(2)

The amount shown at this caption is the balancing amount derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales of the Company’s shares in relation to fluctuating market values for the portfolio.

(3)

The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 8 Net Assets).

(4)

Total return based on NAV is calculated as the change in NAV per share during the period, assuming dividends and distributions, including those distributions that have been declared.

(5)

The computation of average net assets during the year is based on averaging net assets for the period reported.

(6)

Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the years reported.

(7)

Net realized gain (loss) includes net realized gain (loss) on investments, net realized gain (loss) on forward currency exchange contracts, and net realized gain (loss) on foreign currency transactions.

(8)

Net increase in net assets resulting from operations per share in these financial highlights may be different from the net increase (decrease) in net assets per share on the Consolidated Statements of Operations due to changes in the number of weighted average shares outstanding and the effects of rounding.

(9)

For the years ended December 31, 2025, 2024 and 2023, amounts are annualized except for income taxes, organization costs, incentive fee and expense support received from and recouped by the Advisor. For the years ended December 31, 2025 and 2024, the total operating expenses to average net assets were 10.29% and 14.10% for Class I, respectively prior to management fee and incentive fee waivers and expense support. For the period November 28, 2023 through December 31, 2023, the total operating expenses to average net assets was 11.60% for Class I, prior to management fee and incentive fee waivers and expense

Note 11. Financial Highlights