Unit Holder Transactions (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Related Party Transactions [Abstract] |
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| Schedule Of capital units |
Effective January 31, 2023, the Fund has the authority to issue an unlimited number of units. Units have no par value. The following table summarizes unit transaction activity for the three months ended March 31, 2026 and 2025:
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Three Months Ended March 31, |
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2026 |
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2025 |
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Units |
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Units |
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Units issued - contributions during the period |
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— |
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5,152,230 |
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Units repurchased |
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— |
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(1,952,289 |
) |
Distributions reinvested |
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885,925 |
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778,204 |
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Net increase (decrease) |
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885,925 |
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3,978,145 |
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| Schedule of aggregate Capital Commitments and undrawn Capital Commitments |
As of the dates indicated, the Fund had aggregate Capital Commitments and unfunded Capital Commitments from investors as follows:
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March 31, 2026 |
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Capital Commitments |
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Unfunded Capital
Commitments |
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% Unfunded Capital
Commitments |
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Common Units |
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$ |
765,510,000 |
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$ |
76,549,966 |
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10.0 |
% |
Total |
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$ |
765,510,000 |
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$ |
76,549,966 |
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10.0 |
% |
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December 31, 2025 |
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Capital Commitments |
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Unfunded Capital
Commitments |
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% Unfunded Capital
Commitments |
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Common Units |
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$ |
765,510,000 |
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$ |
76,549,966 |
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10.0 |
% |
Total |
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$ |
765,510,000 |
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$ |
76,549,966 |
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10.0 |
% |
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| Schedule of total Units issued and proceeds related to capital drawdowns |
The following table summarizes the total Units issued and proceeds related to capital drawdowns during the three months ended March 31, 2025:
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Unit Issue Date |
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Units Issued |
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Proceeds Received |
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For the Three Months Ended March 31, 2025 |
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February 24, 2025 |
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2,588,127 |
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$ |
25,286,000 |
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March 28, 2025 |
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2,564,103 |
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25,000,000 |
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Total capital drawdowns |
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5,152,230 |
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$ |
50,286,000 |
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| Schedule of distributions declared |
The following tables summarize distributions declared for the three months ended March 31, 2026 and 2025:
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Month |
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Distribution per unit |
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Gross Distributions |
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Reinvestment of
Distributions |
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January 2026 |
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$ |
— |
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$ |
— |
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$ |
— |
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February 2026 |
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0.09 |
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7,418,845 |
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4,071,940 |
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March 2026 |
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0.09 |
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7,626,759 |
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4,203,790 |
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$ |
0.18 |
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$ |
15,045,604 |
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$ |
8,275,730 |
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Month |
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Distribution per unit |
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Gross Distributions |
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Reinvestment of
Distributions |
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January 2025 |
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$ |
— |
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$ |
— |
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$ |
— |
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February 2025 |
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0.09 |
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6,872,061 |
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3,343,410 |
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March 2025 |
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0.10 |
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8,426,153 |
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4,211,266 |
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$ |
0.19 |
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$ |
15,298,214 |
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$ |
7,554,676 |
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| Schedule of Summarizes the Unit repurchases completed |
The following table summarizes the Unit repurchases completed during the three months ended March 31, 2025:
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Repurchase deadline request |
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Percentage of Outstanding
Units the Company Offered
to Repurchase |
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Price Paid Per Unit |
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Repurchase Pricing Date |
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Amount Repurchased |
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Number of Units
Repurchased |
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Percentage of Outstanding
Units Repurchased |
March 27, 2025 |
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2.50% |
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$ |
9.69 |
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March 31, 2025 |
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$ |
18,917,680 |
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1,952,289 |
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2.50% ⁽¹⁾ |
(1)Percentage is based on total Units as of the close of the previous calendar quarter. The Fund accepted for purchase 33.3% of the Units of the Fund that were validly tendered and not withdrawn prior to the expiration of the offer as permitted by Rule 13e-4(f)(1).
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