v3.26.1
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Sep. 30, 2025
Assets    
Non-Controlled, non-affiliated investments at fair value (amortized cost - $158,492 and $72,441, respectively) $ 158,371  
Cash (cost - $6,671 and $20,000, respectively) 6,671 $ 20,000
Cash equivalents (cost - $2,644 and $0 respectively) 2,644 0
Receivable from Investment Adviser 350 0
Interest receivable 259 0
Other assets 49 0
Total assets 168,344 20,000
Liabilities    
Credit Facility, net (unamortized deferred financing costs of $970 and $653, respectively) 51,030 [1] 0
Payable for investments purchased 4,651 0
Interest payable 604 0
Accrued expenses 397 0
Base management fee payable 331 0
Incentive fee payable 209 0
Accounts payable and other liabilities 60 0
Total liabilities 57,282 0
Commitments and contingencies (see Note 9)
Net assets    
Common share, unlimited shares authorized, 4,338,888 and 2,909,795 shares issued and outstanding, respectively Par value $0.001 per share 4 0
Paid-in capital in excess of par value 109,090 20,000
Accumulated earnings 1,968 0
Total net assets [2] 111,062 20,000
Total liabilities and net assets $ 168,344 $ 20,000
Net asset value per share $ 25.6 $ 25
Non-controlled, Non-affiliated Investments    
Assets    
Non-Controlled, non-affiliated investments at fair value (amortized cost - $158,492 and $72,441, respectively) $ 158,371 $ 0
[1] The Company elected not to apply the fair value option allowed by ASC 825-10 to the Credit Facility and thus the balance reported in the Consolidated Statements of Assets and Liabilities represents the carrying value, which approximates the fair value.
[2] No comparative information has been presented for the three and six months period ended March 31, 2025 as the Company had not commenced investment activity prior to October 1, 2025.