v3.25.2
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Investments at fair value (cost at June 30, 2025 of $268,214; $629,400; $897,614; and at December 31, 2024 of $156,833; $436,817; $593,650; respectively) $ 940,619 $ 631,905
Cash and cash equivalents 418,273 321,542
Prepaid expenses and other assets 8,225 6,900
Deferred offering expenses 1,801 2,067
Due from Operating Manager 8,335 7,900
Total assets 1,377,253 970,314
Liabilities    
Derivative liabilities at fair value (cost at June 30, 2025 of $0; $0; $0; respectively) 1,835 0
Management fee payable 623 420
Accrued performance fee payable 2,256 3,703
Distribution payable 10,106 7,044
Deferred taxes liability 7,432 7,754
Other accrued expenses and liabilities 10,142 3,337
Due to Operating Manager 8,335 7,760
Notes Payable 428 0
Total liabilities 41,157 30,018
Commitments and contingencies (Note 7)
Total net assets 1,336,096 940,296
A-II shares [Member]    
Liabilities    
Common Shares 1,204,751 882,334
Total net assets $ 1,204,751 $ 882,334
Net asset value per share    
Shares outstanding 44,288,238 32,865,382
Net asset value per share $ 27.2 $ 26.85
F-I Shares [Member]    
Liabilities    
Common Shares $ 96,575 $ 57,330
Total net assets $ 96,575 $ 57,330
Net asset value per share    
Shares outstanding 3,599,535 2,154,120
Net asset value per share $ 26.83 $ 26.61
E Shares [Member]    
Liabilities    
Common Shares $ 1,378 $ 630
Total net assets $ 1,378 $ 630
Net asset value per share    
Shares outstanding 50,164 23,314
Net asset value per share $ 27.47 $ 27
V shares [Member]    
Liabilities    
Common Shares $ 2 $ 2
Total net assets $ 2 $ 2
Net asset value per share    
Shares outstanding 80 80
Net asset value per share $ 25 $ 25
I Shares [Member]    
Liabilities    
Common Shares $ 33,384 $ 0
Total net assets $ 33,384 $ 0
Net asset value per share    
Shares outstanding 1,240,091 0
Net asset value per share $ 26.92 $ 0
S Shares [Member]    
Liabilities    
Common Shares $ 6 $ 0
Total net assets $ 6 $ 0
Net asset value per share    
Shares outstanding 220 0
Net asset value per share $ 26.98 $ 0
Series I [Member]    
Assets    
Investments at fair value (cost at June 30, 2025 of $268,214; $629,400; $897,614; and at December 31, 2024 of $156,833; $436,817; $593,650; respectively) $ 279,314 $ 166,652
Cash and cash equivalents 123,709 84,681
Prepaid expenses and other assets 2,488 1,766
Deferred offering expenses 535 545
Due from Operating Manager 2,475 2,083
Total assets 408,521 255,727
Liabilities    
Derivative liabilities at fair value (cost at June 30, 2025 of $0; $0; $0; respectively) 520 0
Management fee payable 211 117
Accrued performance fee payable 706 982
Distribution payable 3,014 1,863
Deferred taxes liability 2,420 2,299
Other accrued expenses and liabilities 3,163 870
Due to Operating Manager 2,475 2,047
Notes Payable 214 0
Total liabilities 12,723 8,178
Total net assets 395,798 247,549
Series I [Member] | A-II shares [Member]    
Liabilities    
Common Shares 303,173 216,781
Total net assets $ 303,173 $ 216,781
Net asset value per share    
Shares outstanding 11,209,721 8,109,427
Net asset value per share $ 27.05 $ 26.73
Series I [Member] | F-I Shares [Member]    
Liabilities    
Common Shares $ 64,867 $ 30,652
Total net assets $ 64,867 $ 30,652
Net asset value per share    
Shares outstanding 2,423,742 1,154,705
Net asset value per share $ 26.76 $ 26.55
Series I [Member] | E Shares [Member]    
Liabilities    
Common Shares $ 225 $ 115
Total net assets $ 225 $ 115
Net asset value per share    
Shares outstanding 8,262 4,262
Net asset value per share $ 27.29 $ 26.88
Series I [Member] | V shares [Member]    
Liabilities    
Common Shares $ 1 $ 1
Total net assets $ 1 $ 1
Net asset value per share    
Shares outstanding 40 40
Net asset value per share $ 25 $ 25
Series I [Member] | I Shares [Member]    
Liabilities    
Common Shares $ 27,529 $ 0
Total net assets $ 27,529 $ 0
Net asset value per share    
Shares outstanding 1,024,151 0
Net asset value per share $ 26.88 $ 0
Series I [Member] | S Shares [Member]    
Liabilities    
Common Shares $ 3 $ 0
Total net assets $ 3 $ 0
Net asset value per share    
Shares outstanding 110 0
Net asset value per share $ 26.87 $ 0
Series II [Member]    
Assets    
Investments at fair value (cost at June 30, 2025 of $268,214; $629,400; $897,614; and at December 31, 2024 of $156,833; $436,817; $593,650; respectively) $ 661,305 $ 465,253
Cash and cash equivalents 294,564 236,861
Prepaid expenses and other assets 5,737 5,134
Deferred offering expenses 1,266 1,522
Due from Operating Manager 5,860 5,817
Total assets 968,732 714,587
Liabilities    
Derivative liabilities at fair value (cost at June 30, 2025 of $0; $0; $0; respectively) 1,315 0
Management fee payable 412 303
Accrued performance fee payable 1,550 2,721
Distribution payable 7,092 5,181
Deferred taxes liability 5,012 5,455
Other accrued expenses and liabilities 6,979 2,467
Due to Operating Manager 5,860 5,713
Notes Payable 214 0
Total liabilities 28,434 21,840
Total net assets 940,298 692,747
Series II [Member] | A-II shares [Member]    
Liabilities    
Common Shares 901,578 665,553
Total net assets $ 901,578 $ 665,553
Net asset value per share    
Shares outstanding 33,078,517 24,755,955
Net asset value per share $ 27.26 $ 26.88
Series II [Member] | F-I Shares [Member]    
Liabilities    
Common Shares $ 31,708 $ 26,678
Total net assets $ 31,708 $ 26,678
Net asset value per share    
Shares outstanding 1,175,793 999,415
Net asset value per share $ 26.97 $ 26.69
Series II [Member] | E Shares [Member]    
Liabilities    
Common Shares $ 1,153 $ 515
Total net assets $ 1,153 $ 515
Net asset value per share    
Shares outstanding 41,902 19,052
Net asset value per share $ 27.5 $ 27.03
Series II [Member] | V shares [Member]    
Liabilities    
Common Shares $ 1 $ 1
Total net assets $ 1 $ 1
Net asset value per share    
Shares outstanding 40 40
Net asset value per share $ 25 $ 25
Series II [Member] | I Shares [Member]    
Liabilities    
Common Shares $ 5,855 $ 0
Total net assets $ 5,855 $ 0
Net asset value per share    
Shares outstanding 215,940 0
Net asset value per share $ 27.11 $ 0
Series II [Member] | S Shares [Member]    
Liabilities    
Common Shares $ 3 $ 0
Total net assets $ 3 $ 0
Net asset value per share    
Shares outstanding 110 0
Net asset value per share $ 27.09 $ 0