| Schedule of Stockholders Equity |
The following table reflects the net assets activity for the three months ended June 30, 2026.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Shares - par |
|
|
Additional paid in capital |
|
|
Total distributable earnings (accumulated deficit) |
|
|
Total net assets |
|
Balance as of March 31, 2026 |
|
|
18,631,636 |
|
|
$ |
19 |
|
|
$ |
469,998 |
|
|
$ |
(2,733 |
) |
|
$ |
467,284 |
|
Issuance of Shares, net of issuance costs |
|
|
397,852 |
|
|
|
— |
|
|
|
10,000 |
|
|
|
— |
|
|
|
10,000 |
|
Distributions to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(11,044 |
) |
|
|
(11,044 |
) |
Reinvestment of distributions |
|
|
222 |
|
|
|
— |
|
|
|
5 |
|
|
|
— |
|
|
|
5 |
|
Net investment income (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
10,692 |
|
|
|
10,692 |
|
Net realized gain (loss) from investment transactions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
|
3 |
|
Net change in unrealized gain (loss) on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
589 |
|
|
|
589 |
|
Balance as of June 30, 2026 |
|
|
19,029,710 |
|
|
$ |
19 |
|
|
$ |
480,003 |
|
|
$ |
(2,493 |
) |
|
$ |
477,529 |
|
The following table reflects the net assets activity for the six months ended June 30, 2026.
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Shares - par |
|
|
Additional paid in capital |
|
|
Total distributable earnings (accumulated deficit) |
|
|
Total net
assets |
|
Balance as of December 31, 2025 |
|
|
18,631,405 |
|
|
$ |
19 |
|
|
$ |
469,992 |
|
|
$ |
627 |
|
|
$ |
470,638 |
|
Issuance of shares, net of issuance costs |
|
|
397,852 |
|
|
|
— |
|
|
|
10,000 |
|
|
|
— |
|
|
|
10,000 |
|
Distributions to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(22,752 |
) |
|
|
(22,752 |
) |
Reinvestment of distributions |
|
|
453 |
|
|
|
— |
|
|
|
11 |
|
|
|
— |
|
|
|
11 |
|
Net investment income (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
22,781 |
|
|
|
22,781 |
|
Net realized gain (loss) from investment transactions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
91 |
|
|
|
91 |
|
Net change in unrealized gain (loss) on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3,240 |
) |
|
|
(3,240 |
) |
Balance as of June 30, 2026 |
|
|
19,029,710 |
|
|
$ |
19 |
|
|
$ |
480,003 |
|
|
$ |
(2,493 |
) |
|
$ |
477,529 |
|
The following table reflects the net assets activity for the three months ended June 30, 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Shares - par |
|
|
Additional paid in capital |
|
|
Total distributable earnings (accumulated deficit) |
|
|
Total net assets |
|
Balance as of March 31, 2025 |
|
|
10,715,270 |
|
|
$ |
11 |
|
|
$ |
269,950 |
|
|
$ |
2,519 |
|
|
$ |
272,480 |
|
Issuance of Shares, net of issuance costs |
|
|
3,566,456 |
|
|
|
3 |
|
|
|
90,067 |
|
|
|
— |
|
|
|
90,070 |
|
Distributions to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(8,345 |
) |
|
|
(8,345 |
) |
Net investment income (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
8,589 |
|
|
|
8,589 |
|
Net realized gain (loss) from investment transactions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(528 |
) |
|
|
(528 |
) |
Net change in unrealized gain (loss) on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,903 |
) |
|
|
(1,903 |
) |
Balance as of June 30, 2025 |
|
|
14,281,726 |
|
|
$ |
14 |
|
|
$ |
360,017 |
|
|
$ |
332 |
|
|
$ |
360,363 |
|
The following table reflects the net assets activity for the six months ended June 30, 2025.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Shares - par |
|
|
Additional paid in capital |
|
|
Total distributable earnings (accumulated deficit) |
|
|
Total net assets |
|
Balance as of December 31, 2024 |
|
|
7,945,702 |
|
|
$ |
8 |
|
|
$ |
199,800 |
|
|
$ |
1,462 |
|
|
$ |
201,270 |
|
Issuance of shares, net of issuance costs |
|
|
6,336,024 |
|
|
|
6 |
|
|
|
160,217 |
|
|
|
— |
|
|
|
160,223 |
|
Distributions to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(14,001 |
) |
|
|
(14,001 |
) |
Net investment income (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
14,406 |
|
|
|
14,406 |
|
Net realized gain (loss) from investment transactions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(528 |
) |
|
|
(528 |
) |
Net change in unrealized gain (loss) on investments |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1,007 |
) |
|
|
(1,007 |
) |
Balance as of June 30, 2025 |
|
|
14,281,726 |
|
|
$ |
14 |
|
|
$ |
360,017 |
|
|
$ |
332 |
|
|
$ |
360,363 |
|
|