Carlyle Secured Lending, Inc.

Hello, and thank you for standing by. Welcome to the Carlisle Secure Lending Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. I will now link I'd like to hand the call over to Nishal Mehta. Sir, you may begin.

Good morning and welcome to Carla Secured Lending's fourth quarter 2025 earnings call. I'm joined by Justin Plouffe, our former chief executive officer, Alex Chee, CGVD's newly appointed chief executive officer, and Tom Hennigan, our president and chief financial officer. Last night, we filed a Form 10-K and issued a press release with a presentation of our results. which are available on the investor relations section of our website. Following our remarks today, we will hold a question and answer session for analysts and institutional investors. This call is being webcast and a replay will be available on our website. Any forward-looking statements made today do not guarantee future performance, and any undue reliance should not be placed on them. Today's conference call may include forward-looking statements reflecting our views with respect to among other things, our future operating results and financial performance. These statements are based on current management expectations and involve inherent risk and uncertainties, including those identified in the risk factor sections of our 10-K. These risks and uncertainties could cause actual results to differ materially from those indicated. CGVD assumes no obligation to update any forelooking statements at any time. During this conference call, the company may discuss certain non-GAAP measures as defined by SEC Regulation G, such as adjusted net investment income or adjusted NII. The company's management believes adjusted net investment income, adjusted net investment income per share, adjusted net income, and adjusted net income per share are useful to investors as additional tools to evaluate ongoing results and trends and to review our performance without giving effect to the amortization or accretion resulting from the new cost basis of the investments acquired and accounted for under the acquisition method of accounting in accordance with ASC 805 and the one-time purchase for non-recurring investment income and expense events, including the effects on incentive fees, and are used by management to evaluate the economic earnings of the company. A reconciliation of GAAP net investment income per share, the most directly comparable GAAP financial measure, to adjusted net NAI per share can be found in the accompanying slide presentation for this call. In addition, a reconciliation of these measures may also be found in our earnings release file last night with the SEC on Form 8K. With that, I'll turn the call over to Justin.

Thanks, Nishal. Good morning, everyone, and thank you all for joining. As many of you know, I've assumed the role of Chief Financial Officer of Carlyle and resigned as CEO, President, and Director of CGPD. Earlier this year, Alex Chee joined the firm as Deputy Chief Investment Officer for Global Credit and Head of Direct Lending, and was recently appointed CEO and a Director of CGPD. With Alex's deep expertise, including prior experience as CEO of multiple BDCs, his proven leadership and strong industry relationships were confident he will help us continue to deliver results and growth for CGPD shareholders. Separately, Tom Hennigan, who has been with the platform since inception, has been appointed President of CGPD in addition to his existing role as CFO, Chief Risk Officer, and Director. I'd like to now introduce Alex and hand over the call for his remarks.