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Financial Highlights (Tables)

3 Months Ended

Mar. 31, 2024

The following are financial highlights for the three months ended March 31, 2024 and March 31, 2023, respectively:


	For the Three Months Ended March 31, 2024			For the Three Months Ended March 31, 2023
Per Share Data:
Net asset value, beginning of period	$	20.55		$	20.00
Results of operations:
Net investment income (loss)(1)		0.47		(0.00)			(3)
Net unrealized and realized gain (loss)(2)		0.13			(0.20	)
Net increase (decrease) in net assets resulting from operations		0.60			(0.20	)
Distribution declared (4)		(0.57	)		—
Total increase (decrease) in net assets		0.03			(0.20	)
Net asset value, end of period	$	20.58		$	19.80
Total return based on NAV (5)		2.92	%		(1.00	)%
Shares outstanding, end of period		11,506,727			10,403,594

Ratios and supplemental data:
Net assets, end of period	$	236,772,553		$	205,997,606
Weighted-average net assets		233,893,490			54,675,485
Weighted-average shares outstanding		11,288,960			2,735,010
Ratio of net expenses to average net assets (6)		13.87	%		9.53	%
Ratio of net expenses before voluntary waivers to average net assets		13.87	%		9.76	%
Ratio of net investment income to average net assets (6)		8.68	%		0.35	%
Portfolio turnover		17.09	%		0.29	%
Asset Coverage Ratio (7)		192.85	%		—

(1)

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

(2)

The amount shown for a Common Share outstanding does not correspond with the aggregate realized and unrealized gain (loss) on investments for the period due to the timing of capital share transactions of Common Shares in relation to fluctuating market values of investments of the Company.

(3)

Rounds to less than (0.01)

(4)

Distributions are based on the number of shares outstanding on the date the distribution was declared.

(5)

Total return based on net asset value calculated as the change in Net Asset Value per share during the respective periods, assuming distributions, if any, are reinvested on the effects of the performance of the Company during the period. Total return is not annualized.

(6)

Annualized, with the exception of certain non-recurring expenses.

(7)

Asset coverage ratio is equal to (i) the sum of (A) net assets at end of period and (B) debt outstanding at end of period, divided by (ii) total debt outstanding at the end of the period.