v3.26.1
Consolidated Statements of Cash Flows
$ in Thousands
 11 Months Ended
Dec. 31, 2025
USD ($)
Cash Flows from Operating Activities  
Net increase in net assets resulting from operations $ 742
Adjustments to reconcile the net increase in net assets resulting from operations to net cash used in operating activities:  
Purchases of investments (353,552)
Proceeds from sales and paydowns of investments 15,281
Proceeds from sales of short-term investments (380,627)
Realized (gain) loss on investments (14)
Change in net unrealized (appreciation)/depreciation on investments (1,780)
Amortization of premium and accretion of discount, net (223)
Amortization of deferred financing costs 453
Increase (decrease) in operating assets and liabilities:  
(Increase) decrease in interest income receivable (1,981)
(Increase) decrease in prepaid and other assets (63)
Increase (decrease) in payable for short-term investments purchased 380,627
Increase (decrease) in management fees payable 123
Increase (decrease) in administration fees payable 264
Increase (decrease) in interest and credit facility expense payable 1,033
Increase (decrease) in organizational costs payable 766
Increase (decrease) in due to Advisor 2,029
Increase (decrease) other accrued expenses and other liabilities 72
Net cash used in operating activities (336,850)
Cash Flows from Financing Activities  
Contributions 120,000
Offering costs (33)
Distributions paid in cash (1,985)
Deferred financing costs paid (1,618)
Proceeds from credit facility 286,985
Repayment of credit facility (63,200)
Net cash provided by financing activities 340,149
Net increase in cash and cash equivalents 3,299
Cash and cash equivalents, beginning of period 0
Cash and cash equivalents, end of period 3,299
Supplemental and non-cash financing activities  
Interest expense paid $ 2,458