v3.25.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Common Shares Outstanding

The table below details activity related to the Company's common share classes for the three and six months ended June 30, 2025:

 

 

 

For the Three Months Ended June 30, 2025

 

 

Class S

 

 

Class F-S

 

 

Class I

 

 

Class IO

 

 

Class F-I

 

 

Class F-IO

 

 

Class E

 

 

Total

 

March 31, 2025

 

 

4,455,704

 

 

 

18,592,527

 

 

 

1,964,394

 

 

 

—

 

 

 

10,475,346

 

 

 

—

 

 

 

3,267,600

 

 

 

38,755,571

 

Common shares issued

 

 

2,071,295

 

 

 

—

 

 

 

1,160,244

 

 

 

231,116

 

 

 

77,038

 

 

 

—

 

 

 

500,250

 

 

 

4,039,943

 

Dividend reinvested

 

 

44,208

 

 

 

149,621

 

 

 

19,690

 

 

 

1,561

 

 

 

58,204

 

 

 

11,696

 

 

 

40,173

 

 

 

325,153

 

Common shares repurchased

 

 

(8,862

)

 

 

(182,021

)

 

 

—

 

 

 

—

 

 

 

(10,316

)

 

 

—

 

 

 

(13,795

)

 

 

(214,994

)

Share class transfer

 

 

—

 

 

 

—

 

 

 

(149,124

)

 

 

149,124

 

 

 

(2,616,731

)

 

 

2,616,731

 

 

 

—

 

 

 

—

 

June 30, 2025

 

 

6,562,345

 

 

 

18,560,127

 

 

 

2,995,204

 

 

 

381,801

 

 

 

7,983,541

 

 

 

2,628,427

 

 

 

3,794,228

 

 

 

42,905,673

 

 

 

 

For the Six Months Ended June 30, 2025

 

 

Class S

 

 

Class F-S

 

 

Class I

 

 

Class IO

 

 

Class F-I

 

 

Class F-IO

 

 

Class E

 

 

Total

 

December 31, 2024

 

 

2,540,134

 

 

 

18,504,342

 

 

 

1,060,070

 

 

 

—

 

 

 

9,723,315

 

 

 

—

 

 

 

2,878,124

 

 

 

34,705,985

 

Common shares issued

 

 

3,960,341

 

 

 

—

 

 

 

2,055,066

 

 

 

231,116

 

 

 

764,385

 

 

 

—

 

 

 

874,711

 

 

 

7,885,619

 

Dividend reinvested

 

 

72,005

 

 

 

295,280

 

 

 

29,192

 

 

 

1,561

 

 

 

122,888

 

 

 

11,696

 

 

 

74,326

 

 

 

606,948

 

Common shares repurchased

 

 

(10,135

)

 

 

(239,495

)

 

 

—

 

 

 

—

 

 

 

(10,316

)

 

 

—

 

 

 

(32,933

)

 

 

(292,879

)

Share class transfer

 

 

—

 

 

 

—

 

 

 

(149,124

)

 

 

149,124

 

 

 

(2,616,731

)

 

 

2,616,731

 

 

 

—

 

 

 

—

 

June 30, 2025

 

 

6,562,345

 

 

 

18,560,127

 

 

 

2,995,204

 

 

 

381,801

 

 

 

7,983,541

 

 

 

2,628,427

 

 

 

3,794,228

 

 

 

42,905,673

 

The table below details activity related to the Company's common share classes for the three months ended June 30, 2024:

 

 

Class F-S

 

 

Class F-I

 

 

Class E

 

 

Total

 

March 31, 2024

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Common shares issued

 

 

13,774,085

 

 

 

5,951,045

 

 

 

2,092,728

 

 

 

21,817,858

 

Dividend reinvested

 

 

35,493

 

 

 

11,152

 

 

 

9,214

 

 

 

55,859

 

June 30, 2024

 

 

13,809,578

 

 

 

5,962,197

 

 

 

2,101,942

 

 

 

21,873,717

 

 
Schedule of Stock by Class

The below table details shares issued and outstanding for the classes of common shares outstanding as of June 30, 2025 and December 31, 2024:

 

Share Class

 

June 30, 2025

 

 

December 31, 2024

 

Class S common shares, $0.01 par value per share

 

 

6,562,345

 

 

 

2,540,134

 

Class F-S common shares, $0.01 par value per share

 

 

18,560,127

 

 

 

18,504,342

 

Class I common shares, $0.01 par value per share

 

 

2,995,204

 

 

 

1,060,070

 

Class IO common shares, $0.01 par value per share

 

 

381,801

 

 

 

—

 

Class F-I common shares, $0.01 par value per share

 

 

7,983,541

 

 

 

9,723,315

 

Class F-IO common shares, $0.01 par value per share

 

 

2,628,427

 

 

 

—

 

Class E common shares, $0.01 par value per share

 

 

3,794,228

 

 

 

2,878,124

 

Total:

 

 

42,905,673

 

 

 

34,705,985

 

The following table details the shares issued subsequent to the end of the period through the date of this report:

 

Title of Securities

 

Number of Shares Sold

 

 

Aggregate Consideration(1)

 

Class S common shares

 

 

1,511,910

 

 

$

30,873

 

Class I common shares

 

 

858,475

 

 

 

17,405

 

Class IO common shares

 

 

58,254

 

 

 

1,182

 

Class E common shares

 

 

234,294

 

 

 

4,766

 

Total:

 

 

2,662,933

 

 

$

54,226

 

 

Class S common shares include aggregate upfront selling commissions of $217.
Schedule of Distribution Per Share

The table below details the Company's distribution per share for the Company's common share classes for the three and six months ended June 30, 2025 and 2024:

 

 

For the Three Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

 

Aggregate gross distributions declared per share

 

 

Shareholder servicing fee per share

 

 

Net distributions declared per share

 

 

Aggregate gross distributions declared per share

 

 

Shareholder servicing fee per share

 

 

Net distributions declared per share

 

Class S

 

$

0.3045

 

 

$

(0.0430

)

 

$

0.2615

 

 

$

-

 

 

$

-

 

 

$

-

 

Class F-S

 

$

0.3045

 

 

$

(0.0430

)

 

$

0.2615

 

 

$

0.2542

 

 

$

(0.0426

)

 

$

0.2116

 

Class I

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

-

 

 

$

-

 

Class IO

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

-

 

 

$

-

 

Class F-I

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

 

$

0.2542

 

 

$

-

 

 

$

0.2542

 

Class F-IO

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

-

 

 

$

-

 

Class E

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

 

$

0.2542

 

 

$

-

 

 

$

0.2542

 

 

 

 

For the Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

 

Aggregate gross distributions declared per share

 

 

Shareholder servicing fee per share

 

 

Net distributions declared per share

 

 

Aggregate gross distributions declared per share

 

 

Shareholder servicing fee per share

 

 

Net distributions declared per share

 

Class S

 

$

0.6078

 

 

$

(0.0860

)

 

$

0.5218

 

 

$

-

 

 

$

-

 

 

$

-

 

Class F-S

 

$

0.6078

 

 

$

(0.0860

)

 

$

0.5218

 

 

$

0.2542

 

 

$

(0.0426

)

 

$

0.2116

 

Class I

 

$

0.6078

 

 

$

-

 

 

$

0.6078

 

 

$

-

 

 

$

-

 

 

$

-

 

Class IO

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

-

 

 

$

-

 

Class F-I

 

$

0.6078

 

 

$

-

 

 

$

0.6078

 

 

$

0.2542

 

 

$

-

 

 

$

0.2542

 

Class F-IO

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

-

 

 

$

-

 

Class E

 

$

0.6078

 

 

$

-

 

 

$

0.6078

 

 

$

0.2542

 

 

$

-

 

 

$

0.2542