Net Assets

12 Months Ended

Dec. 31, 2023

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 year ended December 31, 2023, the Company entered into subscription agreements (the “Subscription Agreements”) with investors providing for the private placement of the Company’s Common Shares. Under the terms of the Subscription Agreements, investors are required to fund drawdowns to purchase the Company’s Common 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 December 31, 2023, the Company had received Capital Commitments totaling $7.4 billion ($5.7 billion remaining undrawn). As of December 31, 2022, the we had received Capital Commitments totaling $2.7 billion ($2.1 billion remaining undrawn).

The Company has a dividend reinvestment plan, whereby the Company may issue Common Shares in order to satisfy dividend reinvestment requests. The number of Common Shares to be issued to a shareholder is determined by dividing the total dollar amount of the cash dividend or distribution payable to a shareholder by the price per share of the Company’s Common Shares at the close of the payment date of a distribution. However, if the price per share on the payment date of a cash dividend or distribution exceeds the most recently computed net asset value per share, the Company will issue shares at the greater of (i) the most recently computed net asset value per share and (ii) 95% of the current price per share (or such lesser discount to the current price per share that still exceeds the most recently computed net asset value per share).

Pursuant to the Company’s dividend reinvestment plan, the following tables summarize the Common Shares issued to shareholders who have not opted out of the Company’s dividend reinvestment plan for the year ended December 31, 2023. All shares issued to shareholders in the tables below are newly issued shares. From April 5, 2022 (Inception) through December 31, 2022, no Common Shares were issued to shareholders who have not opted out of the Company’s dividend reinvestment plan.

	For the year ended
	December 31, 2023
			Date
Date Declared		Record Date	Shares Issued	Shares Issued
March 31, 2023		March 31, 2023	May 10, 2023		371,108
June 30, 2023		June 30, 2023	August 16, 2023		629,647
September 29, 2023		September 30, 2023	November 16, 2023		638,348
Total Common Shares Issued					1,639,103

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 year ended December 31, 2023 and for the period from April 5, 2022 (Inception) through December 31, 2022:

Common Share Issuance Date	Number of Common Shares Issued		Proceeds Received
March 21, 2023		9,643,813	$	250,000
June 28, 2023		2,798,480		75,000
September 26, 2023		5,387,887		150,000
November 21, 2023		14,401,634		400,000
December 22, 2023		9,725,830		275,000
		41,957,644	$	1,150,000

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
October 27, 2022		7,598,252		187,262
December 13, 2022		3,998,385		100,000
December 28, 2022		2,997,591		75,000
		21,882,028	$	542,864