Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

The Fund’s outstanding debt as of March 31, 2026 and December 31, 2025, was as follows:


	March 31, 2026
	Aggregate Principal Amount Committed (1)		Principal Amount Outstanding (2)		Carrying Value (3)		Unamortized Debt Issuance Costs
DB Credit Facility	$	200,000	$	113,500	$	111,321	$	2,179
Total	$	200,000	$	113,500	$	111,321	$	2,179

_________________________________________

(1)Represents the total aggregate amount committed or outstanding, as applicable, under such instrument.

(2)As of March 31, 2026, the Fund had unused borrowing base availability under the DB Credit Facility of $11,129.

(3)Represents the principal amount outstanding, less unamortized debt issuance costs.


	December 31, 2025
	Aggregate Principal Amount Committed (1)		Principal Amount Outstanding (2)		Carrying Value (3)		Unamortized Debt Issuance Costs
DB Credit Facility	$	200,000	$	99,400	$	97,068	$	2,332
Total	$	200,000	$	99,400	$	97,068	$	2,332

_________________________________________

(1)Represents the total aggregate amount committed or outstanding, as applicable, under such instrument.

(2)As of December 31, 2025, the Fund had unused borrowing base availability under the DB Credit Facility of $16,947.

(3)Represents the principal amount outstanding, less unamortized debt issuance costs.

Schedule of Fund's Interest and Other Debt Financing Expenses

The components of the Fund's interest and other debt financing expenses, average debt outstanding and average stated interest rate (i.e., the rate in effect plus spread) for the three months ended March 31, 2026 were as follows:


	Three months ended March 31,
	2026
Interest expense - DB Credit Facility	$	1,650

Amortization of debt issuance costs	153
Total interest and other debt financing expenses	$	1,803
Average debt outstanding	$	110,816
Average stated interest rate (1)	6.1%