v3.26.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Components of Due to Affiliate

The following table details the components of due to affiliate ($ in thousands):

 

 

December 31, 2025

 

 

December 31, 2024

 

Advanced organizational and offering costs

 

$

11,229

 

 

$

14,048

 

Repurchases payable

 

 

5,302

 

 

 

 

General and administrative expenses

 

 

1,864

 

 

 

1,255

 

Accrued management fee

 

 

1,317

 

 

 

691

 

Performance participation allocation

 

 

8,431

 

 

 

1,874

 

Accrued shareholder servicing fee

 

 

20,862

 

 

 

 

Total

 

$

49,005

 

 

$

17,868