v3.25.1
Net Assets
 3 Months Ended
Mar. 31, 2025
Net Assets [Abstract]  
Net Assets

8. NET ASSETS

Subscriptions and Drawdowns

The Company has the authority to issue 1,000,000,000 shares of Common Stock of beneficial interest at $0.001 per share par value.

During the three months ended March 31, 2025 and March 31, 2024, the Company entered into subscription agreements (the “Subscription Agreements”) with investors providing for the private placement of the Company’s shares of Common Stock. Under the terms of the Subscription Agreements, investors are required to fund drawdowns to purchase the Company’s shares of Common Stock up to the amount of their respective Capital Commitment on an as-needed basis each time the Company delivers a drawdown notice to its investors. As of March 31, 2025, the Company had received Capital Commitments totaling $1,901.7 million ($1,444.7 million remaining undrawn), of which $104.8 million ($78.5 million remaining undrawn) are from affiliates of the Adviser.

The following table summarizes the total shares of Common Stock issued and proceeds related to capital drawdowns for the three months ended March 31, 2025 (dollars in thousands except per share amounts):

 

Common Stock Issuance Date

 

Number of
Shares of
Common
Stock Issued

 

 

Aggregate
Offering
Proceeds

 

March 20, 2025

 

 

4,505,908

 

 

$

113,337

 

Total

 

 

4,505,908

 

 

$

113,337

 

 

The following table summarizes the total shares of Common Stock issued and proceeds related to capital drawdowns for the three months ended March 31, 2024 (dollars in thousands except per share amounts):

 

Common Stock Issuance Date

 

Number of
Shares of
Common
Stock Issued

 

 

Aggregate
Offering
Proceeds

 

March 25, 2024

 

 

2,989,257

 

 

$

74,731

 

Total

 

 

2,989,257

 

 

$

74,731