v3.26.1
Consolidated Statement of Financial Condition
$ in Thousands
Dec. 31, 2025
USD ($)
$ / shares
Assets  
Total investments, at fair value $ 1,488,856 [1],[2],[3]
Cash 4,247
Foreign currencies 502
Cash equivalents 26,937
Restricted cash 2,364
Restricted foreign currencies 1,100
Restricted cash equivalents 60,063
Deferred offering costs 700
Interest receivable 11,503
Receivable for investments sold 13,960
Unrealized gain on forward foreign currency contracts $ 167
Derivative Asset, Type [Extensible Enumeration] Foreign Exchange Forward [Member]
Other assets $ 698
Total assets 1,611,097
Liabilities  
Debt (net of unamortized debt issuance costs of $9,889 and $0, respectively) 647,597
Distribution payable 5,958
Incentive fee payable 2,530
Interest payable 2,823
Payable for investments purchased 89,767
Accrued expenses and other liabilities 2,567
Total liabilities 751,242
Commitments and Contingencies (Note 12)
Net Assets  
Common shares, $0.01 par value, unlimited authorized, 34,892,021 and 0 shares issued and outstanding, respectively 349
Paid in capital in excess of par value 871,542
Distributable earnings (accumulated loss) (12,036)
Total Net Assets 859,855
Total Liabilities and Net Assets $ 1,611,097
Net asset value per share | $ / shares $ 24.64
Non-controlled, Non-affiliated Investments  
Assets  
Total investments, at fair value $ 1,480,750 [1],[2]
Non-controlled, Affiliated Investments  
Assets  
Total investments, at fair value $ 8,106 [1],[2]
[1] $ in thousands. Unless otherwise indicated, these investments were valued using unobservable inputs and are considered Level 3 investments. All determinations of fair value of investments are reviewed and approved by the Board. Refer to Note. 5 Fair Value Measurements.
[2] Negative fair value indicate investment had an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may earn unused commitment fees. Unamortized fees are classified as unearned income which reduces cost basis, which may result in a negative cost basis. A negative fair value may result from the unfunded commitment being valued below par.
[3] The total par amount is presented for debt investments and the number of shares or units owned is presented for equity investments.