Financial Highlights

3 Months Ended

Mar. 31, 2023

Note 7.

Financial Highlights

The following are financial highlights for the three months ended March 31, 2023 and for the period from February 10, 2022 (date of inception) to March 31, 2022:

	For the Three Months Ended March 31, 2023			For the Period from February 10, 2022 (date of inception) to March 31, 2022⁽⁷⁾
Per Share Data:⁽¹⁾
Net asset value, beginning of period	$	20.00		$	—
Results of operation:
Net investment income (loss) ⁽²⁾		(0.00	)⁽³⁾		—
Net unrealized and realized gain (loss) ⁽⁴⁾		(0.20	)		—
Net increase (decrease) in net assets resulting from operations		(0.20	)		—
Shareholder distributions:
Distributions from net investment income		—			—
Total increase (decrease) in net assets		(0.20	)		—
Net asset value, end of period	$	19.80		$	—
Total return based on NAV ⁽⁵⁾		(1.00	)%		—	%
Shares outstanding, end of period		10,403,594			—

Ratios and supplemental data:
Net assets, end of period	$	205,997,606		$	—
Weighted-average net assets		54,675,485			—
Weighted-average shares outstanding		2,735,010			—
Ratio of net expenses to average net assets ⁽⁶⁾		9.53	%		—	%
Ratio of net expenses before voluntary waivers to average net assets		9.76	%		—	%
Ratio of net investment income to average net assets ⁽⁶⁾		0.35	%		—	%
Portfolio turnover ⁽⁸⁾		0.29	%		N/A

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

(2)	Calculated based on average shares outstanding during the period.

(3)	Rounds to less than (0.01)

(4)	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.

(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)	All expenses were waived for the quarter. There was no activity other than organization and offering costs incurred for the period from February 10, 2022 (date of inception) to March 31, 2022.

(8)	Calculated for the period February 1, 2023 (commencement of operations) to March 31, 2023.