Material Event (Form 8-K)

Item 8.01 Other Events.

Net Asset Value and Portfolio Update

The net asset value ("NAV") per share for the Class I common shares of beneficial interest (the "Class I Shares") of the Company, the sole class of Shares outstanding, as of September 30, 2025, as determined in accordance with the Company's valuation policy, is $25.21.

As of September 30, 2025, the Company's aggregate NAV was approximately $703.2 million, with loan commitments of approximately $1,752.6 million. Additionally, the Company had principal debt outstanding of approximately $720.1 million, resulting in a debt-to-equity (NAV) ratio of approximately 1.02 times.

Status of Offering

The Company is currently publicly offering on a continuous basis up to $2.0 billion in Shares (the "Offering"). The Company intends to continue selling Shares in the Offering on a monthly basis at a price generally equal to the net asset value per share. The following table lists the Shares issued and total consideration for the Offering through the October 1, 2025 subscription date, and does not include Shares sold through the Company's distribution reinvestment plan.