Subsequent Events	6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]
Subsequent Events	Note 7. Subsequent Events The Company evaluated subsequent events through the filing of this Quarterly Report on Form 10-Q, and no events have occurred that require consideration as adjustments to, or disclosures in, the consolidated financial statement, except as noted below. Amended and Restated Declaration of Trust and Bylaws Effective on July 21, 2026, in connection with the commencement of its private offering, the Company executed the Declaration of Trust, which amended and restated the Company’s declaration of trust, dated December 23, 2025, and the Company adopted its bylaws. On July 21, 2026, 50 common shares held by HPS were converted into 50 Class E common shares. Election of Trustees On July 21, 2026, Faith Rosenfeld, as the sole Trustee of the Company, increased the size of the Board to six members and elected each of Robert F. Cummings, Jr., Lisa Hess, James G. Koman, David Lehman, and Robert Van Dore to the Board to fill the vacancies created by such increase, effective July 21, 2026, after which Ms. Rosenfeld resigned as Trustee of the Company and the Board reduced its size to five members. The Board also appointed Ms. Hess and Messrs. Cummings and Van Dore to the audit committee of the Board (the “Audit Committee”) and appointed Mr. Koman as the chairperson of the Board and Mr.Van Dore as the chairperson of the Audit Committee. Distribution Reinvestment Plan and Share Repurchase Plan On July 21, 2026, the Company adopted a distribution reinvestment plan and a share repurchase plan. See “Note 3. Equity” for additional information. Related Party Arrangements On July 21, 2026, the Company entered into an Advisory Agreement with the Advisor. On July 23, 2026, the Company entered into a Dealer Manager Agreement and an Administration Agreement with the Dealer Manager and the Administrator, respectively. See “Note 4. Related Party Transactions” for additional information.

Subsequent Events

6 Months Ended

Jun. 30, 2026

Note 7. Subsequent Events

The Company evaluated subsequent events through the filing of this Quarterly Report on Form

10-Q,

and no events have occurred that require consideration as adjustments to, or disclosures in, the consolidated financial statement, except as noted below.

Amended and Restated Declaration of Trust and Bylaws

Effective on July 21, 2026, in connection with the commencement of its private offering, the Company executed the Declaration of Trust, which amended and restated the Company’s declaration of trust, dated December 23, 2025, and the Company adopted its bylaws.

On July 21, 2026, 50 common shares held by HPS were converted into 50 Class E common shares.

Election of Trustees

On July 21, 2026, Faith Rosenfeld, as the sole Trustee of the Company, increased the size of the Board to six members and elected each of Robert F. Cummings, Jr., Lisa Hess, James G. Koman, David Lehman, and Robert Van Dore to the Board to fill the vacancies created by such increase, effective July 21, 2026, after which Ms. Rosenfeld resigned as Trustee of the Company and the Board reduced its size to five members. The Board also appointed Ms. Hess and Messrs. Cummings and Van Dore to the audit committee of the Board (the “Audit Committee”) and appointed Mr. Koman as the chairperson of the Board and Mr.Van Dore as the chairperson of the Audit Committee.

Distribution Reinvestment Plan and Share Repurchase Plan

On July 21, 2026, the Company adopted a distribution reinvestment plan and a share repurchase plan. See

“Note 3. Equity”

for additional information.

Related Party Arrangements

On July 21, 2026, the Company entered into an Advisory Agreement with the Advisor. On July 23, 2026, the Company entered into a Dealer Manager Agreement and an Administration Agreement with the Dealer Manager and the Administrator, respectively. See

“Note 4. Related Party Transactions”

for additional information.