v3.26.1
Income Taxes (Tables)
11 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Aggregate Investment Unrealized Appreciation and Depreciation for Federal Income Tax Purposes

As of December 31, 2025, the Company’s aggregate investment unrealized appreciation and depreciation for federal income tax purposes were as follows:

 

 

2025

 

Cost of investments for federal income tax purposes

 

$

721,786

 

Unrealized appreciation

 

$

2,831

 

Unrealized depreciation

 

$

(487

)

Net unrealized (depreciation) appreciation on investments

 

$

2,344

 

Summary of Reclassification of Net Operating Losses and Differences in Accounting for Partnership Interest and Amendment Fees as Capital Gains

The following reclassifications have been made for the permanent difference between book and tax accounting as of December 31, 2025. These differences result from differences in accounting for partnership interests prior to Conversion:

 

 

 

2025

 

Common Unitholders tax reclassification

 

$

314

 

Undistributed net investment (loss) income

 

$

(300

)

Accumulated net realized gain (loss)

 

$

(14

)

Schedule of Tax Character of Shareholder Distributions Attributable

The tax character of shareholder distributions attributable to the period ended December 31, 2025 was as follows:

 

 

 

2025

 

Ordinary income

 

$

1,671

 

Long-term capital gain

 

$

 

Return of capital

 

$

314

 

Summary of Components of Distributable Earnings on Tax Basis

The tax components of distributable earnings on a tax basis for the period ended December 31, 2025:

 

 

 

2025

 

Net tax appreciation (depreciation)

 

$

1,780

 

Other cumulative effect of timing differences

 

$

(3,022

)