
	Six Months Ended June 30,
	2026			2025
Per Share Data:
Net asset value, beginning of period	$	29.75		$	29.56
Results of operations
Net investment income (loss)(1)	1.31			1.60
Net realized gain (loss) and unrealized appreciation (depreciation)(2)	(0.64)			0.12
Net increase (decrease) in net assets resulting from operations	0.67			1.72
Shareholder distributions(3)
Distributions from net investment income	(1.35)			(1.60)

Net decrease in net assets resulting from shareholder distributions	(1.35)			(1.60)
Capital share transactions
Issuance of Common Shares(4)	—			—




Net increase (decrease) in net assets resulting from capital share transactions	—			—
Net asset value, end of period	$	29.07		$	29.68
Shares outstanding, end of period	57,284,588			38,328,674
Total return based on net asset value(5)	2.30		%	5.95		%
Ratio/Supplemental Data:
Net assets, end of period	$	1,665,525		$	1,137,743
Ratio of net investment income to average net assets(6)	8.74		%	10.85		%
Ratio of total operating expenses to average net assets(6)	6.87		%	6.00		%
Ratio of waived expenses to average net assets(6)	—			(2.58)		%
Ratio of net operating expenses to average net assets(6)	6.87		%	3.42		%
Portfolio turnover(7)	15.56		%	11.09		%
Total amount of senior securities outstanding, exclusive of treasury securities	$	1,018,489		$	507,584
Asset coverage per unit(8)	2.64			3.24

(2)The amount shown at this caption is the balancing figure derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales of the Company’s Common Shares in relation to fluctuating market values for the portfolio.

(4)The issuance of Common Shares on a per share basis reflects the incremental net asset value changes as a result of the issuance of Common Shares in connection with the Seed Contribution. The issuance of Common Shares at a price that is less than the net asset value per share results in a decrease in net asset value per share.

(5)The total return based on NAV for each period presented was calculated based on the change in NAV per share during the applicable period, assuming the reinvestment of all distributions that were declared during the period at the Company’s most recent available NAV per share for such shares at the time the distribution was payable. Total return based on NAV does not consider the effect of any sales commissions or charges that may be incurred in connection with the sale of Common Shares. The historical calculation of total return based on NAV in the table should not be considered a representation of the Company’s future total return based on NAV, which may be greater or less than the return shown in the table due to a number of factors, including the Company’s ability or inability to make investments in companies that meet its investment criteria, the interest rates payable on the debt securities the Company acquires, the level of the Company’s expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which the Company encounters competition in its markets and general economic conditions. As a result of these factors, results for any previous period should not be relied upon as being indicative of performance in future periods. The total return calculations set forth above represent the total return on the Company’s investment portfolio during the applicable period and do not represent an actual return to shareholders.

(6)Weighted average net assets during the applicable period are used for this calculation. Ratios for the six months ended June 30, 2026 and 2025 are annualized, with the exception of capital gains incentive fees and recoupment of previously waived expenses. Annualized ratios for the six months ended June 30, 2026 are not necessarily indicative of the ratios that may be expected for the year ending December 31, 2026. The following is a schedule of supplemental ratios for the six months ended June 30, 2026 and 2025: