CONSOLIDATED STATEMENT OF OPERATIONS $ in Thousands	11 Months Ended
	Dec. 31, 2025 USD ($)
Investment income:
Dividend income	$ 175
Total investment income	175
Expenses:
Organizational expenses	2,221
Offering cost expense	682
Management fees	64
Incentive allocation	434
Professional fees	734
Administrative fees	400
Other expenses	58
Total expenses	4,593
Management fees waived	(46)
Total expenses after fees waived	4,547
Net investment loss	(4,372)
Net realized gain and change in unrealized appreciation:
Net realized gain on investments	55
Net change in unrealized appreciation on investments	3,177
Net change in unrealized appreciation on derivative contracts	400
Net realized and unrealized gain on investments, including derivative contracts	3,632
Net decrease in net assets resulting from operations	$ (740)