v3.25.4
Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Common Shares Outstanding

The table below details activity related to the Company's outstanding common share classes for the year ended December 31, 2025:

 

 

 

For the Year Ended December 31, 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

 

 

8,527,023

 

 

 

 

 

 

4,385,402

 

 

 

1,506,262

 

 

 

795,368

 

 

 

21,027

 

 

 

1,718,390

 

 

 

16,953,472

 

Dividend reinvested

 

 

227,486

 

 

 

621,145

 

 

 

97,213

 

 

 

18,520

 

 

 

237,936

 

 

 

50,815

 

 

 

179,167

 

 

 

1,432,282

 

Common shares repurchased

 

 

(20,385

)

 

 

(762,201

)

 

 

(3,734

)

 

 

 

 

 

(111,522

)

 

 

 

 

 

(64,531

)

 

 

(962,373

)

Share class transfer

 

 

(2,649

)

 

 

 

 

 

1,504,670

 

 

 

(1,524,782

)

 

 

96,419

 

 

 

(71,842

)

 

 

1

 

 

 

1,817

 

December 31, 2025

 

 

11,271,609

 

 

 

18,363,286

 

 

 

7,043,621

 

 

 

 

 

 

10,741,516

 

 

 

 

 

 

4,711,151

 

 

 

52,131,183

 

 

 

 

For the Year Ended December 31, 2024

 

 

Class S

 

 

Class F-S

 

 

Class I

 

 

Class F-I

 

 

Class E

 

 

Total

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares issued

 

 

2,527,295

 

 

 

18,239,258

 

 

 

1,055,765

 

 

 

9,619,759

 

 

 

2,837,783

 

 

 

34,279,860

 

Dividend reinvested

 

 

12,839

 

 

 

278,680

 

 

 

4,305

 

 

 

106,056

 

 

 

61,040

 

 

 

462,920

 

Common shares repurchased

 

 

 

 

 

(13,596

)

 

 

 

 

 

(2,500

)

 

 

(20,699

)

 

 

(36,795

)

December 31, 2024

 

 

2,540,134

 

 

 

18,504,342

 

 

 

1,060,070

 

 

 

9,723,315

 

 

 

2,878,124

 

 

 

34,705,985

 

Schedule of Stock by Class

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

 

Share Class

 

December 31, 2025

 

 

December 31, 2024

 

Class S common shares, $0.01 par value per share

 

 

11,271,609

 

 

 

2,540,134

 

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

 

 

18,363,286

 

 

 

18,504,342

 

Class I common shares, $0.01 par value per share

 

 

7,043,621

 

 

 

1,060,070

 

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

 

 

10,741,516

 

 

 

9,723,315

 

Class E common shares, $0.01 par value per share

 

 

4,711,151

 

 

 

2,878,124

 

Total:

 

 

52,131,183

 

 

 

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

 

 

3,673,440

 

 

$

75,901

 

Class I common shares

 

 

1,965,477

 

 

 

40,294

 

Class F-I common shares

 

 

38,933

 

 

 

800

 

Class E common shares

 

 

1,347,988

 

 

 

27,714

 

Total:

 

 

7,025,838

 

 

$

144,709

 

 

(1)
Class S common shares include aggregate upfront selling commissions of $602.
Schedule of Distribution Per Share

The table below details the Company's distribution per share for the Company's common share classes for the years ended December 31, 2025 and 2024:

 

 

 

For the Year Ended December 31,

 

 

 

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

 

$

1.2845

 

 

$

(0.1727

)

 

$

1.1118

 

 

$

0.4693

 

 

$

(0.0711

)

 

$

0.3982

 

Class F-S

 

$

1.2961

 

 

$

(0.1727

)

 

$

1.1234

 

 

$

0.8111

 

 

$

(0.1279

)

 

$

0.6832

 

Class I

 

$

1.2845

 

 

$

-

 

 

$

1.2845

 

 

$

0.4693

 

 

$

-

 

 

$

0.4693

 

Class IO

 

$

0.8660

 

 

$

-

 

 

$

0.8660

 

 

$

-

 

 

$

-

 

 

$

-

 

Class F-I

 

$

1.2961

 

 

$

-

 

 

$

1.2961

 

 

$

0.8111

 

 

$

-

 

 

$

0.8111

 

Class F-IO

 

$

0.8660

 

 

$

-

 

 

$

0.8660

 

 

$

-

 

 

$

-

 

 

$

-

 

Class E

 

$

1.3233

 

 

$

-

 

 

$

1.3233

 

 

$

0.8111

 

 

$

-

 

 

$

0.8111