v3.26.3
Commitments and Contingencies
3 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Contingencies: Under the Organizational Costs Support and Reimbursement Letter Agreement described in Note 4(c), organizational costs of $1,603,347 borne by the Affiliate through June 30, 2026 became reimbursable by the Company upon the consummation of the IPO of the Shares, payable from the proceeds of that offering. If the Company had not consummated the IPO, the Affiliate would have irrevocably forborne its right to seek reimbursement. Accrued organizational expenses of $1,603,347 and a corresponding amount due from the Affiliate are recorded in the Statements of Assets and Liabilities. The Company consummated its IPO on August 14, 2026, and the organizational costs advanced by the Affiliate became reimbursable and were charged to the Company. See Note 10.
Indemnification: In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties that provide general indemnification. The Company’s maximum exposure under these agreements is unknown, as these involve future claims that may be made against the Company but that have not occurred. The Company expects the risk of any future obligations under these indemnification provisions to be remote.
Legal proceedings: The Company is not currently subject to any material legal proceedings, and to the Company’s knowledge, no material legal proceedings are threatened against the Company. From time to time, the Company may be party to certain legal proceedings in the ordinary course of business. While the outcome of any legal proceedings cannot be predicted with certainty, to the extent the Company becomes party to such proceedings, the Company would assess whether any such proceedings will have a material adverse effect upon its financial condition or results of operation.