v3.26.1
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
$ in Thousands
Dec. 31, 2025
USD ($)
$ / shares
Investments, Fair Value Disclosure [Abstract]  
Investments at fair value $ 153,243 [1]
Cash 2,133
Foreign currencies (cost $89 as of December 31, 2025) 173
Interest receivable from non-controlled/non-affiliated investments 531
Deferred offering costs 123
Receivable from adviser (Note 3) 1,877
Prepaid expenses and other assets 114
Total assets 158,194
LIABILITIES  
Debt outstanding 83,159
Less: Deferred financing costs (1,743)
Total debt, net of financing costs 81,416
Payable for investments purchased 4,780
Interest payable 212
Distributions payable 1,072 [2]
Administrative service fee payable 299
Accrued expenses and other liabilities 936
Due to affiliates 947
Total liabilities 89,662
Commitments and contingencies (Note 7)
NET ASSETS  
Common Shares, par value $0.001 (2,710,932 shares issued and outstanding as of December 31, 2025) 3
Paid-in capital in excess of par value 67,907
Accumulated net distributable earnings 622
Total net assets 68,532 [3]
Total liabilities and net assets $ 158,194
Net asset value per share | $ / shares $ 25.28 [4]
Short-Term Investments  
Investments, Fair Value Disclosure [Abstract]  
Investments at fair value $ 3,585 [1]
Non-controlled/non-affiliated [Member]  
Investments, Fair Value Disclosure [Abstract]  
Investments at fair value $ 149,658 [1]
[1] Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term "Company" shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments are non-income producing unless otherwise noted. Certain Portfolio Company investments are subject to contractual restrictions on sales. The total par amount is presented for debt investments and the number of shares or units owned is presented for equity investments.
[2] The Company commenced operations on July 18, 2025.
[3] The Company commenced operations on July 18, 2025.
[4] The Company commenced operations on July 18, 2025.