Borrowings (Tables)

6 Months Ended

Jun. 30, 2026

The following table represents borrowings under the Secured Loan Facility as of June 30, 2026.


	Total Aggregate Borrowing Capacity		Total Principal Outstanding		Less Deferred Financing Costs		Amount per Consolidated Statements of Assets and Liabilities
Secured Loan Facility	$	445,000	$	349,118	$	2,354	$	346,764
Total	$	445,000	$	349,118	$	2,354	$	346,764

The following table represents borrowings under the Secured Loan Facility as of December 31, 2025.


	Total Aggregate Borrowing Capacity		Total Principal Outstanding		Less Deferred Financing Costs		Amount per Consolidated Statements of Assets and Liabilities
Secured Loan Facility	$	445,000	$	393,305	$	2,740	$	390,565
Total	$	445,000	$	393,305	$	2,740	$	390,565

The following table represents borrowings under the Credit Facility as of June 30, 2026.


	Total Aggregate Borrowing Capacity		Total Principal Outstanding		Less Deferred Financing Costs		Amount per Consolidated Statements of Assets and Liabilities
Credit Facility	$	187,500	$	125,000	$	572	$	124,428
Total	$	187,500	$	125,000	$	572	$	124,428

The following table represents borrowings under the Credit Facility as of December 31, 2025.


	Total Aggregate Borrowing Capacity		Total Principal Outstanding		Less Deferred Financing Costs		Amount per Consolidated Statements of Assets and Liabilities
Credit Facility	$	150,000	$	88,000	$	630	$	87,370
Total	$	150,000	$	88,000	$	630	$	87,370

Schedule Of Interest And Debt Fees

The following table represents interest and debt fees under the Secured Loan Facility for the three months ended June 30, 2026.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Loan Facility	SOFR + 2.20%	$	5,332	$	193	$	—
Total		$	5,332	$	193	$	—

(1)

As of June 30, 2026, the 1-month SOFR rate was 3.65%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees under the Secured Loan Facility for the six months ended June 30, 2026.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Loan Facility	SOFR + 2.20%	$	11,355	$	383	$	—
Total		$	11,355	$	383	$	—

(1)

As of June 30, 2026, the 1-month SOFR rate was 3.65%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees under the Secured Loan Facility for the three months ended June 30, 2025.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Loan Facility	SOFR + 2.20%	$	6,050	$	157	$	—
Total		$	6,050	$	157	$	—

(1)

As of June 30, 2025, the 1-month SOFR rate was 4.32%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees under the Secured Loan Facility for the six months ended June 30, 2025.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Loan Facility	SOFR + 2.20%	$	9,209	$	307	$	—
Total		$	9,209	$	307	$	—

(1)

As of June 30, 2025, the 1-month SOFR rate was 4.32%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees under the Credit Facility for the three months ended June 30, 2026.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Credit Facility	SOFR + 2.00%	$	1,737	$	83	$	—
Total		$	1,737	$	83	$	—

(1)

As of June 30, 2026, the 1-month SOFR rate was 3.65%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees under the Credit Facility for the six months ended June 30, 2026.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Credit Facility	SOFR + 2.00%	$	3,038	$	158	$	—
Total		$	3,038	$	158	$	—

The following table represents interest and debt fees under the Secured Borrowing Facility for the three months ended June 30, 2025.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Borrowing Facility	SOFR + 7.40%	$	240	$	—	$	—
Total		$	240	$	—	$	—

(1)

The effective interest rate reflects SOFR plus a weighted average spread across all secured borrowings. As of June 30, 2025, the 3-month SOFR rate was 4.32%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.

The following table represents interest and debt fees under the Secured Borrowing Facility for the six months ended June 30, 2025.


	Interest Rate(1)	Interest Expense		Deferred Financing Costs (2)		Other Fees (2)
Secured Borrowing Facility	SOFR + 6.85%	$	1,029	$	—	$	—
Total		$	1,029	$	—	$	—

(1)

The effective interest rate reflects SOFR plus a weighted average spread across all secured borrowings. As of June 30, 2025, the 3-month SOFR rate was 4.32%.

(2)

Amortization of deferred financing costs and other fees are included in "interest expense" on the Consolidated Statements of Operations.