v3.25.2
Distributions (Tables)
 6 Months Ended
Jun. 30, 2025
Distributions Made to Members or Limited Partners [Abstract]  
Distributions Declared The following table reflects the total distributions declared during the six months ended June 30, 2025 and 2024 (in thousands except per share data):
Six Months Ended June 30,
20252024
Distribution Period
Distributions Declared(1)
Distributions Reinvested(2)
Cash Distributions Net of Distributions Reinvested(2)
Distributions Declared(1)(2)
Distributions Reinvested(2)
Cash Distributions Net of Distributions Reinvested(2)
First Quarter$10,372 $5,175 $5,197 $8,807 $4,056 $4,751 
Second Quarter10,547 5,335 5,212 9,214 4,344 4,870 
$20,919 $10,510 $10,409 $18,021 $8,400 $9,621 
FOOTNOTES:
(1)    The Company’s board of directors declared distributions per share on a monthly basis. See Note 12. “Financial Highlights” for distributions declared by share class. Monthly distributions declared per share for each share class were as follows:    
Record Date PeriodClass FAClass AClass TClass DClass IClass S
January 1, 2025 - June 30, 2025$0.104167 $0.104167 $0.083333 $0.093750 $0.104167 $0.104167 
January 1, 2024 - June 30, 2024
0.104167 0.104167 0.083333 0.093750 0.104167 0.104167 
(2)    Amounts based on distribution record date.
The sources of declared distributions on a GAAP basis were as follows (in thousands):
Six Months Ended June 30,
20252024
Amount% of Distributions DeclaredAmount% of Distributions Declared
Net investment income(1)
$9,266 44.3 %$9,987 55.4 %
Distributions in excess of net investment income(2)
11,653 55.7 8,034 44.6 
Total distributions declared$20,919 100.0 %$18,021 100.0 %
FOOTNOTES:
(1)     Net investment income includes Expense Support of $3,892 and $353 for the six months ended June 30, 2025 and 2024, respectively. See Note 5. “Related Party Transactions” for additional information.
(2)     Consists of distributions made from offering proceeds for the periods presented.