Financial Highlights

6 Months Ended

Mar. 31, 2026

The financial highlights for the Company are as follows:


	Six months ended March 31,
Per share data:(1)	2026			2025

Net asset value at beginning of period	$	15.00		$	15.00
Distributions declared:(2)
From net investment income	(0.40)			(0.66)


Net investment income	0.56			0.63
Net realized gain (loss) on investment transactions	(0.01)			(0.00) ^
Net change in unrealized appreciation (depreciation) on investment transactions(3)	(0.20)			0.03
Net asset value at end of period	$	14.95		$	15.00
Total return based on net asset value per share(4)	2.34		%	4.40		%
Number of common shares outstanding	26,772,467.472			24,103,543.606


	Six months ended March 31,
Listed below are supplemental data and ratios to the financial highlights:	2026			2025
Ratio of net investment income to average net assets*	7.55		%	8.42		%
Ratio of total expenses to average net assets*(5)	1.63		%	1.85		%
Ratio of management fee waiver to average net assets*	—		%	(0.33)		%


Ratio of incentive fees to average net assets(5)	0.30		%	0.49		%

Ratio of net expenses to average net assets*(5)	1.63		%	1.52		%
Ratio of total expenses (without incentive fees) to average net assets*(5)	1.33		%	1.36		%
Total return based on average net asset value(6)	2.34		%	4.40		%
Total return based on average net asset value - annualized*(6)	4.69		%	8.82		%
Net assets at end of period	$	400,280		$	361,553
Average debt outstanding	$	108		$	—
Average debt outstanding per share	$	0.00	^	$	—
Portfolio Turnover*	8.83		%	9.12		%
Asset coverage ratio(7)	200.00		%	N/A
Asset coverage ratio per unit(8)	$	2,000		N/A
Average market value per unit(9):
Adviser Revolver	N/A			N/A

*Annualized for periods less than one year, unless otherwise noted.

^ Represents an amount less than $0.01.

(1)Based on actual number of shares outstanding at the end of the corresponding period or the weighted average shares outstanding for the period, unless otherwise noted, as appropriate.

(2)The per share data for distributions reflect the amount of distributions paid or payable with a record date during the applicable period.

(3)Includes the impact of different share amounts as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on the shares outstanding at the end of the period and as of the dividend record date.

(4)Total return based on net asset value per share assumes distributions are reinvested in accordance with the DRIP. Total return does not include sales load.

(5)Incentive fees and excise taxes are not annualized in the calculation.

(6)Total return based on average net asset value is calculated as (a) the net increase (decrease) in net assets resulting from operations divided by (b) the daily average of total net assets. Total return does not include sales load.

(7)In accordance with the 1940 Act, with certain limited exceptions, the Company is currently allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 200% after such borrowing. The ratio is not applicable as there was no debt outstanding as of March 31, 2025.

(8)Asset coverage ratio per unit is the ratio of the carrying value of our total consolidated assets, less all liabilities and indebtedness not represented by senior securities, to the aggregate amount of senior securities representing indebtedness. Asset coverage ratio per unit is expressed in terms of dollar amounts per $1,000 of indebtedness. The ratio is not applicable as there was no debt outstanding as of March 31, 2025.

(9)Not applicable as the Adviser Revolver is not registered for public trading.