v3.25.2
Redeemable Common Stock - Related Party (Tables)
 6 Months Ended
Jun. 30, 2025
Temporary Equity Disclosure [Abstract]  
Schedule of Stock by Class
The following tables summarize the changes in redeemable common stock for the six months ended June 30, 2025 and 2024:
$ in thousandsClass S Redeemable Common StockClass D Redeemable Common StockClass I Redeemable Common StockClass E Redeemable Common StockTotal Redeemable Common Stock
Balance as of December 31, 2024$37,554 $37,554 $37,565 $38,694 $151,367 
Issuance of redeemable common stock— — — 2,814 2,814 
Repurchase of redeemable common stock(7,500)(7,500)(7,500)(7,500)(30,000)
Adjustment to carrying value of redeemable common stock(4)(5)(1)170 160 
Balance as of March 31, 2025$30,050 $30,049 $30,064 $34,178 $124,341 
Issuance of redeemable common stock— — — 1,062 1,062 
Repurchase of redeemable common stock— — — (148)(148)
Adjustment to carrying value of redeemable common stock(23)(22)(39)29 (55)
Balance as of June 30, 2025$30,027 $30,027 $30,025 $35,121 $125,200 
$ in thousandsClass S Redeemable Common SharesClass D Redeemable Common SharesClass I Redeemable Common SharesClass E Redeemable Common SharesTotal Redeemable Common Stock
Balance as of December 31, 2023$26,335 $26,335 $26,335 $26,335 $105,340 
Issuance of redeemable common stock— — — — — 
Adjustment to carrying value of redeemable common stock— — — — — 
Balance as of March 31, 2024$26,335 $26,335 $26,335 $26,335 $105,340 
Issuance of redeemable common stock— — — 145 145 
Repurchase of redeemable common stock(25,000)(25,000)(25,000)(25,000)(100,000)
Adjustment to carrying value of redeemable common stock35 35 13 92 175 
Balance as of June 30, 2024$1,370 $1,370 $1,348 $1,572 $5,660 
The following tables summarize the changes in our outstanding shares of redeemable common stock shares for the six months ended June 30, 2025 and 2024:
Class S Redeemable Common
Shares		Class D Redeemable Common
Shares		Class I Redeemable Common
Shares		Class E Redeemable Common
Shares		Total Redeemable Common Stock
Outstanding Shares as of December 31, 20241,496,143 1,497,041 1,492,906 1,519,133 6,005,223 
Issuance of redeemable common stock — — — 110,485 110,485 
Repurchase of redeemable common stock(299,220)(299,413)(298,472)(293,940)(1,191,045)
Outstanding Shares as of March 31, 20251,196,923 1,197,628 1,194,434 1,335,678 4,924,663 
Issuance of redeemable common stock— — — 41,491 41,491 
Repurchase of redeemable common stock— — — (5,792)(5,792)
Outstanding Shares as of June 30, 20251,196,923 1,197,628 1,194,434 1,371,377 4,960,362 
Class S Redeemable Common SharesClass D Redeemable Common SharesClass I Redeemable Common SharesClass E Redeemable Common SharesTotal Redeemable Common Stock
Outstanding Shares as of December 31, 20231,052,487 1,052,487 1,052,487 1,052,464 4,209,925 
Issuance of redeemable common stock— — — — — 
Outstanding Shares as of March 31, 20241,052,487 1,052,487 1,052,487 1,052,464 4,209,925 
Issuance of redeemable common stock— — — 5,792 5,792 
Repurchase of redeemable common stock(997,920)(997,921)(998,825)(995,972)(3,990,638)
Outstanding Shares as of June 30, 202454,567 54,566 53,662 62,284 225,079