<?xml version="1.0" encoding="utf-8"?>
<!--XBRL document created with Toppan Merrill Bridge  11.4.0.1 -->
<!--Based on XBRL 2.1-->
<!--Created on: 8/14/2026 6:20:38 PM-->
<!--Modified on: 8/14/2026 6:20:38 PM-->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xlink="http://www.w3.org/1999/xlink">
  <roleRef xlink:type="simple" xlink:href="tmb-20260630.xsd#StatementStatementOfAssetsAndLiabilities" roleURI="http://monroecap.com/role/StatementStatementOfAssetsAndLiabilities" xmlns="http://www.xbrl.org/2003/linkbase" />
  <roleRef xlink:type="simple" xlink:href="tmb-20260630.xsd#StatementStatementsOfOperations" roleURI="http://monroecap.com/role/StatementStatementsOfOperations" xmlns="http://www.xbrl.org/2003/linkbase" />
  <roleRef xlink:type="simple" xlink:href="tmb-20260630.xsd#StatementStatementOfCashFlows" roleURI="http://monroecap.com/role/StatementStatementOfCashFlows" xmlns="http://www.xbrl.org/2003/linkbase" />
  <link:arcroleRef arcroleURI="https://xbrl.org/2023/arcrole/summation-item" xlink:type="simple" xlink:href="https://www.xbrl.org/2023/calculation-1.1.xsd#summation-item" />
  <calculationLink xlink:role="http://monroecap.com/role/StatementStatementOfAssetsAndLiabilities" xlink:type="extended" xlink:title="995200100 - Statement - STATEMENT OF ASSETS AND LIABILITIES" xmlns="http://www.xbrl.org/2003/linkbase">
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_AssetsNet" xlink:label="us-gaap_AssetsNet" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_AssetsNet" xlink:to="us-gaap_Assets_639223284382600757" order="1" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_Assets_639223284382600757" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_639223284382600757" order="1" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_DeferredOfferingCosts" xlink:label="us-gaap_DeferredOfferingCosts_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_Assets_639223284382600757" xlink:to="us-gaap_DeferredOfferingCosts_639223284382600757" order="2" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OtherReceivables" xlink:label="us-gaap_OtherReceivables_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_Assets_639223284382600757" xlink:to="us-gaap_OtherReceivables_639223284382600757" order="3" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_AssetsNet" xlink:to="us-gaap_Liabilities_639223284382600757" order="2" use="optional" weight="-1" />
    <loc xlink:type="locator" xlink:href="tmb-20260630.xsd#none_OfferingExpensesPayable" xlink:label="none_OfferingExpensesPayable_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_Liabilities_639223284382600757" xlink:to="none_OfferingExpensesPayable_639223284382600757" order="1" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="tmb-20260630.xsd#none_OrganizationalExpensesPayable" xlink:label="none_OrganizationalExpensesPayable_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_Liabilities_639223284382600757" xlink:to="none_OrganizationalExpensesPayable_639223284382600757" order="2" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_AssetsNet" xlink:to="us-gaap_CommitmentsAndContingencies_639223284382600757" order="3" use="optional" weight="-1" />
  </calculationLink>
  <calculationLink xlink:role="http://monroecap.com/role/StatementStatementsOfOperations" xlink:type="extended" xlink:title="995200200 - Statement - STATEMENTS OF OPERATIONS" xmlns="http://www.xbrl.org/2003/linkbase">
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_639223284382600757" order="1" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_OperatingIncomeLoss_639223284382600757" xlink:to="us-gaap_OperatingExpenses_639223284382600757" order="1" use="optional" weight="-1" />
    <loc xlink:type="locator" xlink:href="tmb-20260630.xsd#none_ExpenseSupportFromOperatingManager" xlink:label="none_ExpenseSupportFromOperatingManager_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_OperatingExpenses_639223284382600757" xlink:to="none_ExpenseSupportFromOperatingManager_639223284382600757" order="1" use="optional" weight="-1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NoninterestExpense" xlink:label="us-gaap_NoninterestExpense_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_OperatingExpenses_639223284382600757" xlink:to="us-gaap_NoninterestExpense_639223284382600757" order="2" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_OrganizationalCostExpense" xlink:label="us-gaap_OrganizationalCostExpense_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_NoninterestExpense_639223284382600757" xlink:to="us-gaap_OrganizationalCostExpense_639223284382600757" order="1" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_GrossInvestmentIncomeOperating" xlink:label="us-gaap_GrossInvestmentIncomeOperating_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_OperatingIncomeLoss_639223284382600757" xlink:to="us-gaap_GrossInvestmentIncomeOperating_639223284382600757" order="2" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_InterestIncomeOperating" xlink:label="us-gaap_InterestIncomeOperating_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_GrossInvestmentIncomeOperating_639223284382600757" xlink:to="us-gaap_InterestIncomeOperating_639223284382600757" order="1" use="optional" weight="1" />
  </calculationLink>
  <calculationLink xlink:role="http://monroecap.com/role/StatementStatementOfCashFlows" xlink:type="extended" xlink:title="995200400 - Statement - STATEMENT OF CASH FLOWS" xmlns="http://www.xbrl.org/2003/linkbase">
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_639223284382600757" order="1" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProfitLoss" xlink:label="us-gaap_ProfitLoss_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_639223284382600757" xlink:to="us-gaap_ProfitLoss_639223284382600757" order="1" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="tmb-20260630.xsd#none_IncreaseDecreaseDeferredOfferingExpenses" xlink:label="none_IncreaseDecreaseDeferredOfferingExpenses_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_639223284382600757" xlink:to="none_IncreaseDecreaseDeferredOfferingExpenses_639223284382600757" order="2" use="optional" weight="-1" />
    <loc xlink:type="locator" xlink:href="tmb-20260630.xsd#none_IncreaseDecreaseDueFromOperationsManager" xlink:label="none_IncreaseDecreaseDueFromOperationsManager_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_639223284382600757" xlink:to="none_IncreaseDecreaseDueFromOperationsManager_639223284382600757" order="3" use="optional" weight="-1" />
    <loc xlink:type="locator" xlink:href="tmb-20260630.xsd#none_IncreaseDecreaseOfferingExpensesPayable" xlink:label="none_IncreaseDecreaseOfferingExpensesPayable_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_639223284382600757" xlink:to="none_IncreaseDecreaseOfferingExpensesPayable_639223284382600757" order="4" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="tmb-20260630.xsd#none_IncreaseDecreaseOrganizationalExpensesPayable" xlink:label="none_IncreaseDecreaseOrganizationalExpensesPayable_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities_639223284382600757" xlink:to="none_IncreaseDecreaseOrganizationalExpensesPayable_639223284382600757" order="5" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities_639223284382600757" order="2" use="optional" weight="1" />
    <loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/us-gaap/2026/elts/us-gaap-2026.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock_639223284382600757" />
    <calculationArc xlink:type="arc" xlink:arcrole="https://xbrl.org/2023/arcrole/summation-item" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities_639223284382600757" xlink:to="us-gaap_ProceedsFromIssuanceOfCommonStock_639223284382600757" order="1" use="optional" weight="1" />
  </calculationLink>
</link:linkbase>
