v3.26.1
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Investments, at fair value:    
Total investments, at fair value [2] $ 616,577,973 [1],[3] $ 340,500,553 [4],[5],[6]
Cash 14,910,451 11,027,679
Restricted cash 27,500,000 0
Foreign cash held at banks (cost of $378,830 and $0, respectively) 385,104 0
Interest receivable 3,829,453 1,778,184
Deferred offering costs 153,277 0
Deferred financing costs 3,045,486 1,845,211
Other assets 6,738,857 1,301,937
Total assets 673,140,601 356,453,564
Liabilities    
Debt (Note 6) (net of unamortized debt issuance costs of $94,497 and zero, respectively) 248,192,003 94,300,000
Sell/buy-back agreements (Note 7) 0 5,146,231
Payable for unsettled transactions 4,109,552 45,394,460
Interest payable 1,303,228 795,973
Income incentive fee payable to an affiliate (Note 3) 933,809 0
Administration fees payable 448,108 655,845
Dividend Payable 2,446,140 0
Other liabilities 533,877 0
Accrued expenses 1,020,062 677,510
Total liabilities 258,986,779 146,970,019
Commitments and contingencies (Note 8)
Common shares $0.01 par value, unlimited shares authorized; 15,534,956 and 7,598,987 shares issued and outstanding, respectively 155,350 75,990
Paid-in capital in excess of par 416,323,508 202,184,010
Distributable earnings (losses) (2,325,036) 7,223,545
Total net assets 414,153,822 [7] 209,483,545
Total liabilities and net assets $ 673,140,601 $ 356,453,564
Net asset value per share [7] $ 26.66 $ 27.57
Non-Controlled/Non-Affiliated Investments    
Investments, at fair value:    
Total investments, at fair value $ 616,577,973 $ 340,500,553
[1] As of March 31, 2026 the Fund held no investments on non-accrual status, meaning that the Fund has ceased accruing interest income on the investment (see Note 2 in the accompanying notes to the consolidated financial statements for additional information about the Fund's accounting policies).
[2] Geographic dispersion represents the country of the issuer and may not represent the operating domicile.
[3] Securities exempt from registration under the Securities Act of 1933, as amended, may be deemed to be “restricted securities." As of March 31, 2026, the Fund held no securities that would be deemed a restricted security.
[4] All of our investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted.
[5] As of December 31, 2025 the Fund held no investments on non-accrual status, meaning that the Fund has ceased accruing interest income on the investment (see Note 2 in the accompanying notes to the consolidated financial statements for additional information about the Fund's accounting policies).
[6] Securities exempt from registration under the Securities Act of 1933, as amended, may be deemed to be “restricted securities." As of December 31, 2025, the Fund held no securities that would be deemed a restricted security.
[7] The per share data was derived by using the weighted average shares outstanding during the applicable period, except for net asset value and distributions declared which reflected the actual amount per share for the applicable period.