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Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2024

The following are financial highlights for the three months ended June 30, 2024 and June 30, 2023, respectively:


	For the Six Months Ended June 30,
	2024			2023
Per Share Data:
Net asset value, beginning of period	$	20.55		$	20.00
Results of operations:
Net investment income (loss)(1)		1.01			0.38
Net unrealized and realized gain (loss)(2)		0.07			(0.02	)
Net increase (decrease) in net assets resulting from operations		1.08			0.36
Distribution declared (3)		(1.15	)		(0.30	)
Total increase (decrease) in net assets		(0.07	)		0.06
Net asset value, end of period	$	20.48		$	20.06
Total return based on NAV (4)		5.26	%		1.80	%
Shares outstanding, end of period		16,514,981			10,625,397

Ratios and supplemental data:
Net assets, end of period	$	338,235,804		$	213,168,766
Weighted-average net assets		260,491,931			131,835,908
Weighted-average shares outstanding		12,650,659			6,638,018
Ratio of net expenses to average net assets (5)		13.20	%		5.33	%
Ratio of net expenses before voluntary waivers to average net assets(5)		13.20	%		5.42	%
Ratio of net investment income to average net assets (5)		9.61	%		4.26	%
Portfolio turnover(7)		31.41	%		35.00	%
Asset Coverage Ratio (6)		232.64	%		1679.00	%

(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)

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

(4)

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.

(5)

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

(6)

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.

(7)

The period ended June 30, 2023 was calculated from February 1, 2023 (commencement of operations) to June 30, 2023.