v3.26.1
Net Assets
 7 Months Ended
Dec. 31, 2025
Stockholders' Equity Note [Abstract]  
Net Assets Net Assets
Partners’ Capital
At the direction of the General Partner, the Fund has the authority to issue an unlimited number of Units of each Unit Class (as defined below).
As of December 31, 2025, the Fund offers three classes of limited partnership units to third-party investors (“Investor Units”): Class D (“Class D” or the “Class D Units”), Class I (“Class I” or the “Class I Units”) and Class S (“Class S” or the “Class S Units”). In addition, the Fund has authorized for issuance of Class B-1 (“Class B-1” or the “Class B-1 Units”) and Class B-2 (“Class B-2” or the “Class B-2 Units”) and together with Class D, Class I, and Class S, each a “Class” or a "Unit Class". "Brookfield Units" include Class B-1 Units, Class B-2 Units and any other class or series of Units designated by the General Partner as Brookfield Units. The key differences among each Unit Class relate to the ongoing servicing fees and Performance Participation Allocation.
Unit issuances related to monthly subscriptions are effective the first calendar day of each month. The following table presents transactions in the Fund’s Units from Inception to December 31, 2025:
Class I UnitsClass S UnitsClass D UnitsClass B-1 UnitsClass B-2 UnitsTotal
Units Outstanding as of May 21, 2025 (Inception)— — — — — — 
Units Issued291,600 398,100 — 30,780,788 11,600 31,482,088 
Units Redeemed— — — (2,302,314)— (2,302,314)
Units Outstanding as of December 31, 2025291,600 398,100 — 28,478,474 11,600 29,179,774 

The purchase price per Unit of each Class will be equal to the transactional net asset value (“Transactional NAV”) per Unit for such Class as of the last calendar day of the immediately preceding month, aside from the initial offering purchase price, equal to $25.00 per Unit for each Class. The Transactional NAV per Unit for each Class is determined by dividing the total assets of the Fund attributable to such Class, less the value of any liabilities of such Class, accrued expenses and adjusted for any fees applicable to certain classes of Units, by the total number of outstanding Units of such Class. Investor Units and Class B-2 Units are eligible for redemption under the Fund’s Redemption Program, which generally allows up to 5% of all outstanding Units to be redeemed each quarter, whereas Class B-1 Units are subject to a separate redemption arrangement that includes a discount per unit at the discretion of the General Partner. At the end of each month, the Fund allocates its Net Investment Income (Loss) and Net Change in Unrealized Gain (Loss) on Investments across each Unit Class based on their relative ownership share in the Fund as of the first calendar day of that month.
Issuance of Units
On September 29, 2025 the Fund issued 30,780,788 Class B-1 Units to Brookfield Investors in exchange for nine Seed Investments at an initial aggregated value of approximately $769.5 million. On December 1, 2025, the Fund issued 11,600 Class B-2 Units, 398,100 Class S Units and 291,600 Class I Units (including 201,600 through the Feeder) to third-party investors in exchange for an aggregate subscription price of $17.5 million. No Class D Units ("Class D" or "Class D Units") have been issued by the Fund since Inception. On January 1, 2026, the Fund issued additional Units to third-party investors in exchange for an aggregate subscription price of $37.1 million.
Under the Fund LPA, investors are not admitted as limited partners and Units are not deemed issued until the applicable subscription date, which is generally the first day of each month following acceptance of the completed subscription documents. Subscription proceeds received in advance do not result in the issuance of Units and no capital accounts are established until the subscription date. Accordingly, subscription proceeds received in advance would be recognized as a payable in the financial statements until the Units are issued.
Redemption of Class B-1 Units
As of the last calendar day of each month, the Fund may redeem Class B-1 Units from the Brookfield Investors in an amount determined by the General Partner in its sole discretion.
The redemption price per Class B-1 Unit for redemptions from Brookfield Investors will be, for the first 18 month period after the Initial Offering Date of December 1, 2025, the lesser of (1) the then-current Transactional NAV per Class B-1 Unit and (2) the amount determined by dividing (A) the then-current fair value of the remaining Seed Investments determined in accordance with the Fund’s valuation policy less an agreed upon blended discount determined as a product of individualized rates associated with each of the Seed Investments, by (B) the total number of outstanding Units of Class B-1 Units, in each case as of the last calendar day of the applicable month. After the first 18 month period, Class B-1 Units will be redeemed at the Transactional NAV. Any benefit resulting from the redemption proceeds being less than the Transactional NAV of the Class B-1 Units at the time of redemption will be retained by the Fund and the holders of all classes of Units, and may be applied for any purpose permitted under the Fund’s governing agreements.
From May 21, 2025 (Inception) to December 31, 2025, 2,302,314 Class B-1 Units were redeemed at an aggregate of $58.3 million. As the Class B-1 Units were redeemed at a blended discount to NAV, a redemption discount of $1.2 million was allocated and attributed to Unitholders as of December 31, 2025, and the remaining redemption discount of $2.5 million will be allocated to Unitholders on January 1, 2026. This resulted in net Redemptions Payable to Affiliates of $54.6 million as at December 31, 2025.
Redemption of Investor Units and Class B-2 Units
At the sole discretion of the General Partner and in accordance with the Partnership Agreement the Fund has implemented a redemption program (“Redemption Program”) to allow for redemptions of Investor Units and the Class B-2 Units, on a quarterly basis, up to 5% of all Classes of Units outstanding. The General Partner may, in its discretion and in accordance with the Partnership Agreement, cause the Fund to exceed the 5% quarterly redemption limitation in any calendar quarter. The General Partner may amend or suspend the Redemption Program if in its reasonable judgment it deems such actions to be in the Fund’s best interest, including but not limited to tax, regulatory or other structuring reasons.
The Redemption Program for Investor Units commenced on January 1, 2026, i.e. during the first full quarter following the Initial Offering Date. Any redemption requests for Units that have not been outstanding for at least two (2) years will be subject to an early redemption fee equal to 5% of the Transactional NAV of the Units being redeemed (calculated as of the redemption date) for the benefit of the Fund and therefore indirectly its Unitholders. The two-year holding period is measured as of the subscription date immediately following the prospective redemption date.