v3.26.1
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Information Regarding Due To Affiliates

The table below presents information regarding due to affiliates as of June 30, 2026 and December 31, 2025 ($ in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

Accrued Shareholder servicing fee payable

 

$

7,390

 

 

$

1,101

 

Total Shareholder servicing fee payable:

 

$

7,390

 

 

$

1,101

 

 

 

 

 

 

 

Advanced organization costs(1)

 

$

2,652

 

 

$

2,484

 

Advanced offering costs(1)

 

 

4,930

 

 

 

3,570

 

Advanced operating expenses(2)

 

 

11,410

 

 

 

5,507

 

Performance fee payable

 

 

433

 

 

 

—

 

Total Due to affiliates

 

$

19,425

 

 

$

11,561

 

 

(1)
The Company will reimburse the Advisors for certain expenses advanced through July 1, 2026, which is the first anniversary of the Initial Retail Closing of the Private Offering, ratably over the 60 months following July 1, 2026.
(2)
The Company will reimburse the Advisors for certain expenses advanced through July 1, 2026, which is the first anniversary of the Initial Retail Closing of the Private Offering, ratably over the 60 months following July 1, 2026. As of June 30, 2026 and December 31, 2025, certain reimbursable general and administrative expenses included $5.1 million and $4.8 million, respectively, related to certain operating expense reimbursement subjected to the 60 month repayment schedule.