SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2025

Accounting Policies [Abstract]

SIGNIFICANT ACCOUNTING POLICIES

2. SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statement has been prepared in accordance with accounting principles generally accepted in the United States

(“U.S. GAAP”) for interim financial information and the instructions to Form 10‐Q. The Fund is an investment company for the

purposes of accounting and financial reporting in accordance with Financial Accounting Standards Board (“FASB”)

Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies (“ASC 946”). The

financial statement, including these notes, are unaudited and exclude some of the disclosures required in audited financial

statements. Management believes it has made all necessary adjustments (consisting of only normal recurring items) so that the

financial statement is presented fairly and that estimates made in preparing its financial statement are reasonable and prudent.

Use of Estimates

The preparation of the financial statement in conformity with U.S. GAAP requires management to make assumptions and

estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of

the financial statement. Management’s estimates are based on historical experiences and other factors, including expectations of

future events that management believes to be reasonable under the circumstances. It also requires management to exercise

judgment in the process of applying the Fund’s accounting policies. Actual results could differ from these estimates and such

differences could be material.

Cash and Cash Equivalents

Cash and cash equivalents consist principally of cash and/or short term investments (overnight bank investments) which

are readily convertible into cash and have original maturities of three months or less.

Organizational and Offering Costs

Organizational and offering costs will only be borne by CPEP when CPEP first accepts third-party investors and begins

investment operations and activities (the “Initial Closing,” which occurred on October 1, 2025, as discussed in Note 6,

Subsequent Events), at which time, costs associated with the organization of the Fund will be expensed as incurred. Costs

associated with the offering of each of the Fund’s classes of units as described in Note 5, Net Assets, will be capitalized as a

deferred expense and included as an asset on the Statement of Assets and Liabilities and amortized over a twelve-month period

from incurrence. As of September 30, 2025, third party investors had not been accepted and investment activities had not yet

commenced, therefore organizational and offering expenses are not recorded in the accompanying Statement of Assets and

Liabilities.

Income Taxes

No provision is made for federal, state, foreign or local income taxes, as income and losses are allocated to the individual

shareholders who are responsible for reporting such and paying any taxes thereon. The Fund anticipates filing its initial tax

return during 2026. There were no income taxes incurred by the Fund for the quarter ended September 30, 2025.