v3.26.1
Net Assets
 12 Months Ended
Dec. 31, 2025
Investment Company [Abstract]  
Net Assets Net Assets
Issuance of Equity Securities
Since the Commencement of Operations, the Fund has completed the following issuances of common shares of beneficial interest, $0.001 par value per share ("Shares"):
Share Issuance DateNumber of Shares
Issued		Proceeds
December 31, 20252,035,928$51,000,000 
December 1, 2025(1)
160,6213,995,757 
November 1, 2025(1)
305,4427,637,016 
October 1, 2025(1)
155,3063,896,733 
September 1, 2025(1)
1,524,49838,171,911 
August 1, 2025(1)
131,5433,292,818 
July 2, 2025446,17811,180,600 
July 1, 2025(1)
13,868347,520 
June 30, 2025564,24914,139,285 
June 1, 2025(1)
313,7847,858,974 
May 1, 2025(1)
608,12115,212,518 
April 2, 202530,460 762,420 
April 1, 2025 (1)
6,170154,449 
March 31, 2025852,09021,328,576 
March 1, 2025(1)
437,28210,876,129 
January 22, 20253,600,000 90,000,000 
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(1)A portion of total Shares included Shares issued to shareholders participating in the Fund’s DRIP.
All issuances of Shares are to be made at a price per Share at least equal to the net asset value per Share, with such calculation to be carried out consistent with the Fund’s Valuation Policies and procedures. The Fund had 11,185,580 Shares outstanding as of December 31, 2025.
Except with respect to Shares issued under the DRIP, sales of Shares were made pursuant to subscription agreements entered into by the Fund and its investors. Each of the sales of Shares is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) thereof and Regulation D thereunder. Under the terms of the subscription agreements, investors are required to fund drawdowns to purchase of Shares up to the amount of their respective capital commitments on an as-needed basis with a minimum of five business days’ prior notice to the funding date. As of December 31, 2025, the Fund received capital commitments totaling $736,491,000, of which, $551,740,000 remains unfunded.
Distributions
Since the Commencement of Operations, the Fund declared the following distributions:
Record Date
Payment Date
Distribution Rate per Share
Distribution Paid
December 30, 2025January 22, 2026$0.25 $2,287,413 
November 30, 2025(1)
December 22, 2025$0.02 $179,781 
November 30, 2025December 22, 2025$0.25 $2,247,258 
October 31, 2025November 21, 2025$0.25 $2,170,897 
September 30, 2025October 21, 2025$0.25 $2,132,071 
August 31, 2025(1)
September 22, 2025$0.02 $140,076 
August 31, 2025September 22, 2025$0.25 $1,750,946 
July 31, 2025August 21, 2025$0.25 $1,718,061 
June 30, 2025July 21, 2025$0.25 $1,461,986 
May 31, 2025(1)
June 20, 2025$0.02 $110,683 
May 31, 2025June 20, 2025$0.25 $1,383,541 
April 30, 2025May 21, 2025$0.25 $1,231,510 
March 31, 2025April 21, 2025$0.25 $1,009,331 
February 28, 2025March 21, 2025$0.25 $900,010 
(1) Represents a special cash distribution.