The following are the financial highlights for the period from April 15, 2025 (inception) to December 31, 2025:


	Period from April 15, 2025 (inception) to December 31, 2025 (1)
Per Share Data:
Net assets, beginning of period	$	25.00
Net investment income (loss) (2)		1.30
Net realized and change in unrealized appreciation (depreciation) (3)		0.09
Net increase (decrease) in net assets resulting from operations		1.39
Distributions declared (4)		(1.11	)
Total increase (decrease) in net assets		0.28
Net assets, end of period	$	25.28
Shares outstanding, end of period		2,710,932
Total return based on net asset value (5)		5.66		%
Ratios: (6)
Total expenses to average net assets gross of fee waivers		14.50		%
Net expenses to average net assets net of fee waivers		8.15		%
Net investment income to average net assets		12.02		%
Portfolio turnover rate (7)		5.33		%
Supplemental Data:
Net assets, end of period	$	68,532
Asset coverage ratio (8)		182.41		%

(1)

The Company commenced operations on July 18, 2025.

(2)

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

(3)

The per share data includes a balancing figure that is derived from the other amounts presented in the schedule.

(4)

The per share data was derived using the actual shares outstanding at the date of the relevant transaction (See Note 8).

(5)

Total return (not annualized) is calculated as the change in net assets per share during the period, plus distributions per share (assuming distributions are reinvested in accordance with the Company’s distribution reinvestment plan), divided by the net assets per share at the beginning of the period.

(6)

Amounts are annualized except for non-recurring expenses (organization and offering expenses, incentive fees on capital gains, and capital gains on incentive fees waived).

(7)

Portfolio turnover rate is calculated using the lesser of the year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the period reported. Ratio does not include impact of short-term investments.

(8)

In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing.