v3.26.1
Income Taxes (Tables)
9 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Undistributed Net Investment Income or Undistributed Net Realized Gains On Investments

 

Period from April 15, 2025 (inception) to December 31, 2025

 

Accumulated net distributable earnings (losses)

 

$

26

 

Paid-in capital in excess of par value

 

 

(26

)

Schedule of Reconciles the Increase in Net Assets Resulting From Operations to Taxable Income

The following reconciles the increase in net assets resulting from operations to taxable income for the period from April 15, 2025 (inception) to December 31, 2025:

 

 

 

Period from April 15, 2025 (inception) to December 31, 2025

 

Net increase (decrease) in net assets resulting from operations

 

$

3,094

 

Net unrealized (appreciation) depreciation

 

 

(219

)

Realized gain (loss) for tax not included in book income

 

 

(105

)

Capital losses carried forward

 

 

124

 

Other non-deductible expenses and excise taxes

 

 

54

 

Other book/tax differences

 

 

220

 

Total taxable income

 

$

3,168

 

Scheduel of Components of Accumulated Net Distributable Earnings (Losses) as Calculated on a Tax Basis The components of accumulated net distributable earnings (losses) as calculated on a tax basis for the period from April 15, 2025 (inception) to December 31, 2025 were as follows:

 

 

Period from April 15, 2025 (inception) to December 31, 2025

 

Undistributed ordinary income

 

$

464

 

Accumulated capital and other losses

 

 

(124

)

Accumulated net unrealized appreciation (depreciation)

 

 

310

 

Other book/tax differences

 

 

(28

)

Total accumulated net distributable earnings (losses)

 

$

622

 

Schedule of Cost and Unrealized Gain (Loss) of Investments

The cost and unrealized gain (loss) of the Company’s investments, as calculated on a tax basis, for the period from April 15, 2025 (inception) to December 31, 2025 is as follows:

 

 

Period from April 15, 2025 (inception) to December 31, 2025

 

Gross tax unrealized appreciation

 

$

453

 

Gross tax unrealized depreciation

 

 

(146

)

Net unrealized appreciation (depreciation)

 

$

307

 

 

 

 

 

Tax cost

 

$

152,938

 

Schedule of Distributions Paid The tax character of distributions paid during the tax year ended December 31, 2025 were as follows:

 

 

 

Period from April 15, 2025 (inception) to December 31, 2025

 

Distributions paid from Ordinary Income

 

$

2,498