NET ASSETS

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

NET ASSETS

NET ASSETS

The following tables present transactions in Common Shares ($ in thousands):

	For the Three Months Ended March 31, 2026
	Shares	Amount
Subscriptions	6,506,385	$	170,000
Share repurchases	—	—
Net increase	6,506,385	$	170,000

Net Asset Value per Share and Offering Price

The Company determines NAV for its Common Shares as of the last day of each calendar month. Share issuances related to monthly subscriptions are effective the first calendar day of each month. Shares are issued at an offering price equivalent to the most recent NAV per share, which will be the prior calendar day NAV per share (i.e., the prior month-end NAV).

The following table presents each month-end NAV per share for the Common Shares for the three months ended March 31, 2026:

For the Months Ended	NAV per Share
January 31, 2026	$	26.16
February 28, 2026	$	26.15
March 31, 2026	$	26.12

Distributions

The Board authorizes and declares monthly distribution amounts per share of the Company's Common Shares. The following table presents distributions that were declared and payable during the three months ended March 31, 2026 ($ in thousands, except per share amounts):

Declaration Date	Record Date	Payment Date	Distribution per Share		Distribution Amount
January 30, 2026	January 31, 2026	February 27, 2026	$	0.1847	$	5,642
February 27, 2026	February 28, 2026	March 27, 2026	0.1853		5,874
March 31, 2026	March 31, 2026	April 27, 2026	0.1852		6,507
Total			$	0.5552	$	18,023

Character of Distributions

The Company may fund its cash distributions to shareholders from any source of funds available to the Company, including, but not limited to, offering proceeds, net investment income from operations, and capital gains proceeds from the sale of assets.

The following table presents the sources of cash distributions on a GAAP basis that the Company has declared on its Common Shares ($ in thousands, except per share amounts):

	For the Three Months Ended March 31, 2026
Source of Distribution	Per Share		Amount
Net investment income	$	0.5552	$	18,023
Net realized gains	—		—
Total	$	0.5552	$	18,023

Share Repurchase Program

The Company may repurchase its Common Shares at the request of shareholders in accordance with policies as may be adopted by the Board in their sole discretion from time to time, which amount is not expected to be more per quarter than 5% of aggregate NAV as of the most recently completed quarter.

There have been no share repurchases during the three months ended March 31, 2026.