Equity (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes changes in our outstanding shares of common stock for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31, 2026
	Class S Shares	Class S-1 Shares	Class D Shares	Class D-1 Shares	Class I Shares	Class E Shares	Class F Shares	Total
Balance at December 31, 2025	1,416,104	20,330,131	1,208,568	—	9,702,409	1,631,350	8,880,172	43,168,734
Issuance of common stock	91,980	2,346,272	—	120,452	2,436,888	388	—	4,995,980

Common stock distribution reinvestment	1,514	253,222	212	752	94,842	2,051	165,637	518,230
Issuance of redeemable common shares(1)	—	—	—	—	—	264,024	—	264,024
Repurchase of common stock	—	(363,564)	—	—	(410,594)	—	—	(774,158)
Repurchase of redeemable common stock	—	—	—	—	—	(110,485)	—	(110,485)
Balance at March 31, 2026	1,509,598	22,566,061	1,208,780	121,204	11,823,545	1,787,328	9,045,809	48,062,325


	Three Months Ended March 31, 2025
	Class S Shares	Class S-1 Shares	Class D Shares	Class D-1 Shares	Class I Shares	Class E Shares	Class F Shares	Total
Balance at December 31, 2024	1,502,214	7,226,062	1,499,147	—	4,171,608	1,635,105	8,218,258	24,252,394
Issuance of common stock	3,969	3,261,421	8,211	—	1,088,268	8,244	—	4,370,113
Common stock distribution reinvestment	—	98,095	99	—	36,810	1,370	161,371	297,745
Issuance of redeemable common shares(1)	—	—	—	—	—	110,485	—	110,485
Repurchase of common stock	(111)	(21,833)	(111)	—	(8,678)	—	—	(30,733)
Repurchase of redeemable common stock	(299,220)	—	(299,413)	—	(298,472)	(293,940)	—	(1,191,045)
Balance at March 31, 2025	1,206,852	10,563,745	1,207,933	—	4,989,536	1,461,264	8,379,629	27,808,959

(1)Consists of shares issued to an Invesco affiliate for the payment of management fees and performance fees that are classified as redeemable common stock. See Note 11 — “Redeemable Common Stock - Related Party”.

Schedule of Dividends Declared

The following tables detail the aggregate distributions declared per share for each applicable class of stock for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31, 2026
		Class S Shares		Class S-1 Shares		Class D Shares		Class D-1 Shares		Class I Shares		Class E Shares		Class F Shares
Aggregate distribution declared per share		$	0.4800	$	0.4800	$	0.4800	$	0.3200	$	0.4800	$	0.4800	$	0.4800
Stockholder servicing fee per share		(0.0099)		(0.0524)		(0.0001)		(0.0101)		—		—		—
Net distribution declared per share		$	0.4701	$	0.4276	$	0.4799	$	0.3099	$	0.4800	$	0.4800	$	0.4800


	Three Months Ended March 31, 2025
		Class S Shares		Class S-1 Shares		Class D Shares		Class D-1 Shares		Class I Shares		Class E Shares		Class F Shares(3)
Aggregate distribution declared per share		$	0.5000	$	0.5000	$	0.5000	—		$	0.5000	$	0.5000	$	0.5000
Stockholder servicing fee per share		(0.0003)		(0.0528)		—		—		—		—		—
Net distribution declared per share		$	0.4997	$	0.4472	$	0.5000	$	—	$	0.5000	$	0.5000	$	0.5000