Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2026

Related Party Transactions [Abstract]

Schedule of Redeemable Common Shares

The following table summarizes changes in redeemable common shares for the six months ended June 30, 2026 and year ended December 31, 2025:


		Shares Outstanding				Redeemable Common Shares
Balance as of December 31, 2024			214,513			$	2,405,418
Issuance of redeemable common shares			233,000				2,653,447
Adjustment to carrying value of common shares			—				68,240
Balance as of December 31, 2025			447,513			$	5,127,105
Issuance of redeemable common shares			159,950				1,844,541
Adjustment to carrying value of common shares			—				44,128
Balance as of June 30, 2026			607,463			$	7,015,774

Schedule of Administrative Fee Equal to Percentage of NAV

The Company pays the Administrator an administrative fee equal to a percentage of NAV on a tiered basis:


Net Asset Value		Rate
Up to $200 million		0.08%
Greater than $200 million to $400 million		0.07%
Greater than $400 million		0.06%