Net Assets (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Net Assets Abstract |
|
| Schedule of assets and liabilities acquired |
The following table summarizes the assets and liabilities acquired from the Legacy Fund in the Formation Transaction:
|
|
|
|
|
|
|
March 3, 2025 |
|
Assets |
|
|
|
Investments |
|
|
|
Non-controlled / non-affiliated investments, at fair value (cost of $41,412,298) |
|
$ |
41,412,298 |
|
Cash and cash equivalents |
|
|
27,586,601 |
|
Interest receivable |
|
|
416,919 |
|
Total assets |
|
$ |
69,415,818 |
|
Liabilities |
|
|
|
Management fees payable |
|
$ |
179,955 |
|
Incentive fees payable |
|
|
248,448 |
|
Accrued audit and tax fees |
|
|
74,000 |
|
Accrued expenses and other liabilities |
|
|
15,000 |
|
Distribution payable |
|
|
832,648 |
|
Total liabilities |
|
$ |
1,350,051 |
|
Net assets acquired |
|
$ |
68,065,767 |
|
|
| Schedule of net assets |
The following tables summarize transactions in Shares for the three months ended June 30, 2026 and 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
|
Three Months Ended June 30, 2025 |
|
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
Subscriptions |
|
|
406,092 |
|
|
$ |
10,395,950 |
|
|
|
650,150 |
|
|
$ |
16,260,250 |
|
Net increase (decrease) |
|
|
406,092 |
|
|
$ |
10,395,950 |
|
|
|
650,150 |
|
|
$ |
16,260,250 |
|
The following tables summarize transactions in Shares for the six months ended June 30, 2026 and for the period from the Commencement of Operations through June 30, 2025:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2026 |
|
|
For the period from the Commencement of Operations through June 30, 2025 |
|
|
|
Shares |
|
|
Amount |
|
|
Shares |
|
|
Amount |
|
Shares |
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of shares related to Formation Transaction1 |
|
|
- |
|
|
$ |
- |
|
|
|
2,722,631 |
|
|
$ |
68,065,767 |
|
Subscriptions |
|
|
944,482 |
|
|
|
24,076,450 |
|
|
|
650,150 |
|
|
|
16,260,250 |
|
Net increase (decrease) |
|
|
944,482 |
|
|
$ |
24,076,450 |
|
|
|
3,372,781 |
|
|
$ |
84,326,017 |
|
|
| Schedule of net asset value per share |
The following table summarizes each NAV per Share at which subscription closings occurred during the life-to-date period for Shares of beneficial interest as of the dates listed below:
|
|
|
|
|
|
|
NAV Per Share |
|
As of |
|
|
|
December 31, 2024 |
|
$ |
25.00 |
|
March 3, 2025 |
|
$ |
25.00 |
|
March 31, 2025 |
|
$ |
25.01 |
|
June 30, 2025 |
|
$ |
25.27 |
|
September 30, 2025 |
|
$ |
25.31 |
|
December 31, 2025 |
|
$ |
25.41 |
|
March 31, 2026 |
|
$ |
25.60 |
|
June 30, 2026 |
|
$ |
25.37 |
|
|
| Schedule of distributions made by the company |
The following table summarizes distributions declared by the Company during the period from the Commencement of Operations through June 30, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Declaration Date |
|
Type |
|
Record Date |
|
Payment Date |
|
Per Share Amount |
|
|
Dividend Paid |
|
March 3, 2025 |
|
(a) |
|
March 3, 2025 |
|
March 20, 2025 |
|
(a) |
|
|
$ |
832,648 |
|
March 27, 2025 |
|
Quarterly |
|
March 31, 2025 |
|
April 15, 2025 |
|
$ |
0.14 |
|
|
$ |
381,308 |
|
June 27, 2025 |
|
Quarterly |
|
June 30, 2025 |
|
July 16, 2025 |
|
$ |
0.50 |
|
|
$ |
1,686,890 |
|
September 29, 2025 |
|
Quarterly |
|
September 30, 2025 |
|
October 16, 2025 |
|
$ |
0.68 |
|
|
$ |
2,631,251 |
|
December 23, 2025 |
|
Quarterly |
|
December 31, 2025 |
|
January 13, 2026 |
|
$ |
0.84 |
|
|
$ |
3,937,553 |
|
March 30, 2026 |
|
Quarterly |
|
March 31, 2026 |
|
April 16, 2026 |
|
$ |
0.92 |
|
|
$ |
4,807,876 |
|
June 30, 2026 |
|
Quarterly |
|
June 30, 2026 |
|
July 15, 2026 |
|
$ |
0.87 |
|
|
$ |
4,899,879 |
|
The Company acquired a distribution payable of $832,648 in association with the Formation Transaction.
|