Financial Highlights (Tables)

12 Months Ended

Dec. 31, 2025

The following is a schedule of financial highlights for the years ended December 31, 2025, 2024, 2023, 2022 and the period from May 14, 2021 to December 31, 2021:

	For the year ended
	December 31, 2025			December 31, 2024			December 31, 2023			December 31, 2022			For the period May 14, 2021* to December 31, 2021
Per share data:
Net asset value at beginning of period	$	24.43		$	24.78		$	25.21		$	25.26		$	25.00
Net investment income (loss) ⁽¹⁾		1.92			2.42			3.02			2.47			0.80
Net realized and unrealized gain (loss), net of taxes⁽¹⁾		(0.57	)		(0.19	)		(0.46	)		(0.18	)		0.12
Net increase (decrease) in net assets resulting from operations⁽¹⁾		1.35			2.23			2.56			2.29			0.92
Stockholder distributions⁽²⁾		(2.30	)		(2.46	)		(1.87	)		(1.20	)		(0.36	)
Dividend reinvestment plan distributions⁽²⁾		(1.08	)		(1.58	)		(1.08	)		(0.99	)		(0.41	)
Other ⁽³⁾		1.08			1.46			(0.04	)		(0.15	)		0.11
Net asset value at end of period	$	23.48		$	24.43		$	24.78		$	25.21		$	25.26
Net assets at end of period	$	237,231,019		$	240,830,105			190,460,589			166,216,773			70,162,127
Shares outstanding at end of period		10,105,559			9,857,301			7,687,482			6,592,546			2,777,449
Total return ⁽⁴⁾		5.40	%		9.89	%		9.64	%		5.91	%		4.13	%
Ratio/Supplemental data:
Ratio of expenses to average net assets before incentive fees and waivers⁽⁵⁾		6.89	%		9.91	%		11.80	%		10.53	%		5.92	%
Ratio of expenses to average net assets after incentive fees and before waivers⁽⁵⁾		8.27	%		11.86	%		14.49	%		12.30	%		6.28	%
Ratio of expenses to average net assets after incentive fees and waivers⁽⁵⁾		8.27	%		11.25	%		13.59	%		10.08	%		6.28	%
Ratio of net investment income (loss) to average net assets before incentive fees and waivers⁽⁵⁾		9.24	%		11.14	%		13.77	%		9.23	%		5.41	%
Ratio of net investment income (loss) to average net assets after incentive fees and before waivers⁽⁵⁾		7.85	%		9.19	%		11.07	%		7.47	%		5.05	%
Ratio of net investment income (loss) to average net assets after incentive fees and waivers⁽⁵⁾		7.85	%		9.80	%		11.97	%		9.68	%		5.05	%
Portfolio turnover⁽⁶⁾		20.69	%		14.48	%		5.19	%		5.17	%		4.22	%

(1)	The per share data was derived by using the weighted average shares outstanding during the period presented.

(2)

Management monitors available taxable earnings, including net investment income and realized capital gains, to determine if a tax return of capital may occur for the year. To the extent the Company’s taxable earnings fall below the total amount of the Company’s distributions for that fiscal year, a portion of those distributions may be deemed a tax return of capital to the Company’s stockholders. The tax character of distributions was $22,467,977 and $812,178 of ordinary income and long term capital gain, respectively, for the year ended December 31, 2025.

(3)	Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date.

(4)	Total return is calculated as the change in NAV per share during the period, divided by the beginning NAV per share and assumes reinvestment of dividends at NAV. Total return is not annualized.

(5)	Ratios are annualized for periods less than one year. To the extent incentive fees and waivers are included within the ratio, they are not annualized.

(6)	Ratio is not annualized.

*	Date of formation of the Company