Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2026

Investment Company, Financial Highlights [Abstract]

Summary of investment company financial highlights

The following is a schedule of consolidated financial highlights for the Class I Shares for the period April 1, 2026 to June 30, 2026 (dollar amounts in thousands, except share and per share data):


	Class I Shares
	For the period April 1, 2026 to June 30, 2026 (1)
Per Share Data:
Net asset value per share, beginning of period	$	20.00
Net investment income (loss) (2)		0.50
Net realized gains (loss) and change in unrealized appreciation (depreciation) on investments (3) (4)		0.03

Net increase (decrease) in net assets resulting from operations		0.53
Class I shareholders distributions from net investment income (5)		(0.30	)
Preferred shareholders distributions from net investment income (5)		(0.03	)

Net asset value per share, end of period	$	20.20

Number of shares outstanding, end of period		3,067,396.61
Total return based on net asset value (6)		2.48	%
Net assets, end of period	$	61,947
Ratio to average net assets (7) :
Expenses before incentive fees and waivers and reimbursements of expenses		4.31	%
Expenses before incentive fees, after waivers and reimbursements of expenses		2.40	%
Expenses after incentive fees, before waivers and reimbursements of expenses		4.50	%
Expenses after incentive fees and waivers and reimbursements of expenses		2.60	%
Net investment income (loss)		2.29	%
Interest expense and credit facility fees		1.97	%


Ratio/Supplemental Data:
Asset coverage, end of period	187.33	%
Portfolio turnover	1.25	%
Weighted-average shares outstanding	2,801,633.02


(1)		Effective April 1, 2026, the Company converted to a unitized structure. Accordingly, the per share information presented in the Financial Highlights reflects the period from April 1, 2026 through June 30, 2026, representing the period during which the Company’s common shares were outstanding.
(2)		Net investment income (loss) per share was calculated as net investment income (loss) for the period divided by the weighted average number of shares outstanding for the period. Included in net investment income (loss) per share is $0.08 of income earned prior to the BDC Election that was not distributed.
(3)		Includes the impact of different share amounts as a result of calculating certain per share data based on weighted average shares outstanding for the period.
(4)		The per share amount for net realized gains (losses) and change in unrealized appreciation (depreciation) includes the effect of the April 1, 2026 conversion, whereby a portion of the unrealized appreciation existing at the conversion date is reflected in the opening net asset value per share.
(5)		The per share data was derived using actual shares outstanding at the date of the relevant transaction.
(6)		Total return is based on the change in net asset value per common share for the period plus the declared dividends on shares, assuming reinvestment of dividends in accordance with the distribution reinvestment plan, divided by the beginning net asset value for the period. The total return has not been annualized.
(7)		These ratios to average net assets have not been annualized. Average net assets are computed using the net assets at the end of each quarter of the reporting period.