Financial Highlights

12 Months Ended

Dec. 31, 2024

Investment Company, Financial Highlights [Abstract]

13. Financial Highlights

The following per share data and ratios have been derived from information provided in the consolidated financial statements. The following are the financial highlights for one share of Common Shares outstanding during the years ended December 31, 2024, December 31, 2023 and from April 5, 2022 (Inception) through December 31, 2022:


	For the Year Ended						From April 5, 2022 (Inception) through
	December 31, 2024			December 31, 2023			December 31, 2022
Per Share Data (4)
Net asset value, beginning of period	$	27.75		$	24.98		$	25.00

Net investment income (1)		4.05			3.69			0.51
Net realized and unrealized gain (loss) (1)		1.56			1.61			(0.16	)
Total from operations		5.61			5.30			0.35
Net Common Share Issuance (3)		(0.03	)		(0.12	)		(0.37	)
Dividends declared		(4.54	)		(2.41	)		—
Total increase (decrease) in net assets		1.04			2.77			(0.02	)
Net Asset Value, End of Period	$	28.79		$	27.75		$	24.98
Total return based on net asset value (2)		20.90	%		21.42	%		-0.08	%
Common shares outstanding, end of period		140,208,028			65,478,775			21,882,028
Ratios / Supplemental Data (5)(6)
Ratio of gross expenses to average net assets without management fee waiver		12.36	%		12.96	%		6.73	%
Ratio of net expenses to average net assets with management fee waiver		10.80	%		11.35	%		5.70	%
Ratio of net investment income to average net assets without management fee waiver		11.41	%		10.75	%		2.17	%
Ratio of net investment income to average net assets with management fee waiver		12.97	%		12.36	%		3.21	%
Portfolio turnover		15.36	%		4.46	%		—
Net assets, end of period	$	4,036,470		$	1,817,067		$	546,711

(1)

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

(2)

Total return based on net asset value is calculated as the change in net asset value per share during the period plus declared dividends, assuming reinvestment of dividends, divided by the beginning net asset value per share.

(3)

The amount shown at this caption is the balancing amount derived from share issuances. The amount shown for share issuance will fluctuate due to the timing of share issuances and the weighting of average shares over the period.

(4)

Table may not sum due to rounding.

(5)

For the period from April 5th (Inception) through December 31, 2022, the ratios represent information on an annualized basis, except for nonrecurring expenses, such as organizational and offering expenses, which are not annualized.

(6)

The ratios, excluding nonrecurring expenses, such as organization costs, are annualized.