| Net Assets |
Note 9—Net AssetsThe following table reflects the net assets activity for the three months ended March 31, 2026.
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|
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Shares |
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|
Shares - par |
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Additional paid in capital |
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Total distributable earnings (accumulated deficit) |
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|
Total net
assets |
|
Balance as of December 31, 2025 |
|
|
18,631,405 |
|
|
$ |
19 |
|
|
$ |
469,992 |
|
|
$ |
627 |
|
|
$ |
470,638 |
|
Distributions to shareholders |
|
|
— |
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|
|
— |
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|
|
— |
|
|
|
(11,708 |
) |
|
|
(11,708 |
) |
Reinvestment of distributions |
|
|
231 |
|
|
|
— |
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|
|
6 |
|
|
|
— |
|
|
|
6 |
|
Net investment income (loss) |
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— |
|
|
|
— |
|
|
|
— |
|
|
|
12,089 |
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|
|
12,089 |
|
Net realized gain (loss) from investment transactions |
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|
— |
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|
|
— |
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|
|
— |
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|
|
88 |
|
|
|
88 |
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Net change in unrealized gain (loss) on investments |
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|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3,829 |
) |
|
|
(3,829 |
) |
Balance as of March 31, 2026 |
|
|
18,631,636 |
|
|
$ |
19 |
|
|
$ |
469,998 |
|
|
$ |
(2,733 |
) |
|
$ |
467,284 |
|
The following table reflects the net assets activity for the three months ended March 31, 2025.
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Shares |
|
|
Shares - par |
|
|
Additional paid in capital |
|
|
Total distributable earnings (accumulated deficit) |
|
|
Total net assets |
|
Balance as of December 31, 2024 |
|
|
7,945,702 |
|
|
$ |
8 |
|
|
$ |
199,800 |
|
|
$ |
1,462 |
|
|
$ |
201,270 |
|
Issuance of shares, net of issuance costs |
|
|
2,769,568 |
|
|
|
3 |
|
|
|
70,150 |
|
|
|
— |
|
|
|
70,153 |
|
Distributions to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(5,656 |
) |
|
|
(5,656 |
) |
Net investment income (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5,817 |
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|
|
5,817 |
|
Net change in unrealized gain (loss) on investments |
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— |
|
|
|
— |
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|
|
— |
|
|
|
896 |
|
|
|
896 |
|
Balance as of March 31, 2025 |
|
|
10,715,270 |
|
|
$ |
11 |
|
|
$ |
269,950 |
|
|
$ |
2,519 |
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|
$ |
272,480 |
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|