v3.26.3
Financial Highlights (Tables)
 9 Months Ended
Sep. 30, 2026
Investment Company, Financial Highlights [Abstract]  
Summary of Ratio to Net Assets

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

Per Share Data1

 

2026

 

 

20252

 

 

2026

 

 

20252

 

 

Net asset value at beginning of period (at initial share issuance)

 

$

24.18

 

 

$

25.00

 

 

$

24.64

 

 

$

25.00

 

 

Net investment income (loss)

 

 

0.56

 

 

 

0.36

 

 

 

1.66

 

 

 

0.36

 

 

Net change in unrealized gains (loss) and net realized gains (losses)3

 

 

0.02

 

 

 

(0.03

)

 

 

(0.49

)

 

 

(0.03

)

 

Distributions

 

 

(0.55

)

 

 

(0.32

)

 

 

(1.60

)

 

 

(0.32

)

 

Net asset value at end of period

 

$

24.21

 

 

$

25.01

 

 

$

24.21

 

 

$

25.01

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total return4

 

 

2.4

 

%

 

1.7

 

%

 

4.7

 

%

 

5.8

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of expenses before expense support and fee waivers to average net assets

 

 

2.1

 

%

 

1.7

 

%

 

6.1

 

%

 

8.2

 

%

Expense support and fee waivers to average net assets5

 

 

—

 

 

 

(0.5

)

 

 

(0.1

)

 

 

(3.2

)

 

Ratio of expenses after expense support and fee waivers to average net assets

 

 

2.1

 

%

 

1.2

 

%

 

6.0

 

%

 

5.0

 

%

Ratios of net investment income (loss) to average net assets

 

 

2.3

 

 

 

2.1

 

 

 

7.0

 

 

 

6.4

 

 

Portfolio turnover rate

 

 

0.1

 

%

 

4.9

 

%

 

15.3

 

%

 

12.7

 

%

 

 

1 As of September 30, 2026, the per share data was derived by using the weighted average shares outstanding.

2 For 2025, the per share data was derived by using the weighted average shares outstanding for the period August 1, 2025 through September 30, 2025.

3Includes the impact of differing total shares as a result of calculating certain per share data based on weighted average shares outstanding during the period rather than share amount outstanding when issued.

4 Total return for the three and nine months ended September 30, 2026 is calculated as the change in net asset value per share, plus distributions per share, divided by beginning net asset value per share. Total return for the three and nine months ended September 30, 2025 is calculated as the net increase in net assets resulting from operations divided by average net assets. Because the Company did not issue shares until August 1, 2025, average net assets for 2025 include periods prior to the initial offering of shares. As a result, total return for 2025 is higher than it would have been had the Company issued shares at the beginning of the period, and the three-month and nine-month returns for 2025 are not comparable to each other because they are measured over different average net assets. Total return is not annualized.

5Represents expenses the Adviser has elected to pay (in accordance with the Expense Support Agreement) and fees elected to waive on behalf of the Company.