Net Assets

6 Months Ended

Sep. 30, 2022

Equity [Abstract]

Net Assets

8. Net Assets

In connection with its formation, the Company has the authority to issue an unlimited number of Common Shares of beneficial interest at $0.001 per share par value. On June 24, 2022, our Adviser purchased $30 thousand of Common Shares of the Company at a price of $25.00 per Common Share as our initial capital. These Common Shares were issued and sold in reliance upon Section 4(a)(2) of the Securities Act, which provides an exemption from the registration requirements of the Securities Act.

During the period ended September 30, 2022, the Company entered into subscription agreements (the “Subscription Agreements”) with investors providing for the private placement of the Company’s Shares. Under the terms of the Subscription Agreements, investors are required to fund drawdowns to purchase the Company’s Shares up to the amount of their respective Capital Commitment on an as-needed basis each time the Company delivers a drawdown notice to its investors. As of September 30, 2022, the Company had received Capital Commitments totaling $1,556.4 million ($1,375.8 million remaining undrawn). On October 7, 2022, the Company had received additional Capital Commitments of $620 million.

The following table summarizes the total Common Shares issued and proceeds received related to the Company’s initial capitalization and capital drawdowns delivered pursuant to the Subscription Agreements for the period ended September 30, 2022:

Common Share Issuance Date	Number of Common Shares Issued		Proceeds Received
June 24, 2022		1,200	$	30
August 31, 2022		2,205,694		55,142
September 28, 2022		5,080,906		125,430
		7,287,800	$	180,602

On October 27, 2022, the Company issued 7,598,252 Common Shares for proceeds received of $187.3 million.