v3.26.1
Net Assets
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Net Assets Net Assets
The Company has the authority to issue an unlimited number of Shares. Prior to the BDC Election Date, the Company exchanged 17,146,374 Shares to the shareholders of the Ramp Vehicle with a value of $342.9 million and received $354.7 million in Capital Commitments. Of the $354.7 million in total Capital Commitments, the Company called $327.1 million prior to the BDC Election Date in order to make investments and support the operations of the Ramp Vehicle and adjusted $9.5 million in capital commitments of shareholders in the Ramp Vehicle.
The Company has entered into subscription agreements (the “Subscription Agreements”) with investors. Investors are required to enter into capital commitment arrangements (each, a “Capital Commitment”) with the Company to purchase Shares, pursuant to which the investors are required to fund drawdowns to purchase Shares up to the amount of their respective Capital Commitments each time the Company delivers a drawdown notice, which will be delivered at least 10 days prior to any subsequent funding date. All Capital Commitments from the earliest investor(s) must be called in totality before Capital Commitments from later subscribing investors is called. The purchase price of the Shares for each capital call will be set at a per-Share price that is at least equal to the NAV per Share for the quarter in which capital is called, subject to the limitations under Section 23 of the 1940 Act. The Board may set the per-Share price above NAV per Share based on a variety of factors.
As of June 30, 2026, the Company had received Capital Commitments totaling $499.0 million ($144.3 million remaining undrawn).
The following table summarizes the total Shares issued and proceeds received related to the Company’s capital drawdowns delivered pursuant to the Subscription Agreements for the six months ended June 30, 2026.
Share Issuance DateNumber of Shares IssuedProceeds Received
April 24, 2026923,703$18,123 
923,703$18,123 
Pursuant to the Company’s dividend reinvestment plan, the following table summarizes the Shares issued to shareholders who have not opted out of the Company’s dividend reinvestment plan for the six months ended June 30, 2026. All Shares issued to shareholders in the tables below are newly issued Shares.
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For the Six Months Ended
June 30, 2026
Date DeclaredRecord DateDate
Shares Issued		Shares Issued
December 31, 2025December 31, 2025January 30, 2026318,515
March 31, 2026March 31, 2026May 18, 2026229,835
Total Shares Issued548,350
The Company has commenced a Share repurchase program pursuant to which it intends to repurchase in each quarter up to 5% of its outstanding Shares (either by number of Shares or aggregate NAV) as of the prior quarter.
The following table presents the Share repurchase offers completed for the six months ended June 30, 2026:
Offer DateTender Offer Expiration
Repurchase Price per Share(1)
Repurchased AmountShares Repurchased
March 20, 2026April 20, 2026$19.52 $— — 
June 22, 2026July 22, 2026$19.47 $— — 
(1)The purchase price for Shares tendered pursuant to the tender offers ended April 20, 2026 and July 22, 2026, respectively, were the Company’s net asset value as of March 31, 2026 and June 30, 2026, respectively. Although no Shares were repurchased pursuant to either tender offer, the purchase price is included in the table above to show the terms of the repurchase offer for the applicable period.