| FINANCIAL HIGHLIGHTS |
FINANCIAL HIGHLIGHTS The following is a schedule of consolidated financial highlights for the six months ended June 30, 2026 and 2025.
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For the Six Months
Ended June 30, 2026 |
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Class I |
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Class S |
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Per Share Data: |
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Net asset value per share, beginning of period |
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$ |
19.75 |
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$ |
19.75 |
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Net investment income (loss) (1) |
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0.91 |
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0.84 |
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Net realized gains (loss) and change in unrealized appreciation (depreciation) on investments (2) |
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(0.59 |
) |
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(0.60 |
) |
Net increase (decrease) in net assets resulting from operations |
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0.32 |
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0.24 |
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Stockholder distributions from net investment income (3) |
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(0.94 |
) |
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(0.86 |
) |
Net asset value per share, end of period |
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$ |
19.13 |
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$ |
19.13 |
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Number of shares outstanding, end of period |
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42,868,973.313 |
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5,366,988.719 |
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Total return based on net asset value (4) |
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1.66 |
% |
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1.24 |
% |
Net assets, end of period |
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$ |
820,114 |
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$ |
102,674 |
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Ratio to Average Net Assets (5): |
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Expenses before incentive fees and waivers and reimbursements of expenses |
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3.65 |
% |
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4.09 |
% |
Expenses before incentive fees, after waivers and reimbursements of expenses |
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3.65 |
% |
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4.09 |
% |
Expenses after incentive fees, before waivers and reimbursements of expenses |
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4.20 |
% |
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4.64 |
% |
Expenses after incentive fees and waivers and reimbursements of expenses |
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4.20 |
% |
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4.64 |
% |
Net investment income (loss) |
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4.73 |
% |
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4.32 |
% |
Interest expense and credit facility fees |
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2.63 |
% |
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2.64 |
% |
Ratio/Supplemental Data: |
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Asset coverage, end of period (6) |
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196.18 |
% |
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196.18 |
% |
Portfolio turnover |
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11.29 |
% |
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11.29 |
% |
Total committed capital, end of period |
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$ |
1,079,007 |
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$ |
102,710 |
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Ratio of total contributed capital to total committed capital, end of period |
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77.65 |
% |
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100.00 |
% |
Weighted-average shares outstanding |
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43,473,781.532 |
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5,328,075.044 |
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(1)Net investment income (loss) per share was calculated as net investment income (loss) for the period divided by the weighted average number of shares outstanding for the period. (2)Includes the impact of different share amounts as a result of calculating certain per share data based on weighted average shares outstanding during the period. (3)The per share data was derived using actual shares outstanding at the date of the relevant transaction. (4)Total return is based on the change in net asset value per share of Common Stock during the year plus the declared dividends on shares, assuming reinvestment of dividends in accordance with the distribution reinvestment plan, divided by the beginning net asset value for the year. The total return has not been annualized. (5)These ratios to average net assets have not been annualized. Average net assets are computed using the net assets at the end of each month during the reporting period. (6)Represents a fund level calculation applicable to both Class I Common Stock and Class S Common Stock.
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For the Six Months
Ended June 30, 2025 |
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Class I |
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Per Share Data: |
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Net asset value per share, beginning of period |
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$ |
19.80 |
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Net investment income (loss) (1) |
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0.84 |
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Net realized gains (loss) and change in unrealized appreciation (depreciation) on investments (2) |
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(0.02 |
) |
Net increase (decrease) in net assets resulting from operations |
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0.82 |
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Stockholder distributions from net investment income (3) |
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(0.96 |
) |
Net asset value per share, end of period |
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$ |
19.66 |
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Number of shares outstanding, end of period |
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25,374,033.382 |
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Total return based on net asset value (4) |
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4.23 |
% |
Net assets, end of period |
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$ |
498,895 |
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Ratio to Average Net Assets (5): |
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Expenses before incentive fees and waivers and reimbursements of expenses |
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4.56 |
% |
Expenses before incentive fees, after waivers and reimbursements of expenses |
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4.51 |
% |
Expenses after incentive fees, before waivers and reimbursements of expenses |
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5.10 |
% |
Expenses after incentive fees and waivers and reimbursements of expenses |
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5.04 |
% |
Net investment income (loss) |
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3.65 |
% |
Interest expense and credit facility fees |
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3.14 |
% |
Ratio/Supplemental Data: |
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Asset coverage, end of period |
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287.48 |
% |
Portfolio turnover |
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4.55 |
% |
Total committed capital, end of period |
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$ |
746,526 |
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Ratio of total contributed capital to total committed capital, end of period |
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66.80 |
% |
Weighted-average shares outstanding |
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15,630,730.305 |
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(1)Net investment income (loss) per share was calculated as net investment income (loss) for the period divided by the weighted average number of shares outstanding for the period. (2)Includes the impact of different share amounts as a result of calculating certain per share data based on weighted average shares outstanding during the period. (3)The per share data was derived using actual shares outstanding at the date of the relevant transaction. (4)Total return is based on the change in net asset value per share of Common Stock during the year plus the declared dividends on shares, assuming reinvestment of dividends in accordance with the distribution reinvestment plan, divided by the beginning net asset value for the year. The total return has not been annualized. (5)These ratios to average net assets have not been annualized. Average net assets are computed using the net assets at the end of each quarter of the reporting period.
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