v3.26.1
Equity (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Common Shares Outstanding

The table below details activity related to the Company’s outstanding common share classes for the three and six months ended June 30, 2026:

 

 

 

For the Three Months Ended June 30, 2026

 

 

Class S

 

 

Class F-S

 

 

Class I

 

 

Class F-I

 

 

Class E

 

 

Total

 

March 31, 2026

 

 

15,034,345

 

 

 

18,213,038

 

 

 

8,893,474

 

 

 

11,098,425

 

 

 

6,146,147

 

 

 

59,385,429

 

Common shares issued

 

 

5,534,306

 

 

 

 

 

 

2,497,443

 

 

 

1,061,333

 

 

 

1,271,954

 

 

 

10,365,036

 

Distribution reinvestment

 

 

151,386

 

 

 

185,135

 

 

 

83,234

 

 

 

100,866

 

 

 

111,543

 

 

 

632,164

 

Common shares repurchased

 

 

(155,769

)

 

 

(118,166

)

 

 

(12,386

)

 

 

(77,823

)

 

 

(24,827

)

 

 

(388,971

)

Share class transfers

 

 

(12,409

)

 

 

(6,845

)

 

 

(2,450

)

 

 

2,440

 

 

 

19,208

 

 

 

(56

)

June 30, 2026

 

 

20,551,859

 

 

 

18,273,162

 

 

 

11,459,315

 

 

 

12,185,241

 

 

 

7,524,025

 

 

 

69,993,602

 

 

 

 

For the Six Months Ended June 30, 2026

 

 

Class S

 

 

Class F-S

 

 

Class I

 

 

Class F-I

 

 

Class E

 

 

Total

 

December 31, 2025

 

 

11,271,609

 

 

 

18,363,286

 

 

 

7,043,621

 

 

 

10,741,516

 

 

 

4,711,151

 

 

 

52,131,183

 

Common shares issued

 

 

9,207,257

 

 

 

 

 

 

4,574,487

 

 

 

1,100,266

 

 

 

2,619,942

 

 

 

17,501,952

 

Distribution reinvestment

 

 

262,086

 

 

 

372,476

 

 

 

149,870

 

 

 

193,019

 

 

 

199,392

 

 

 

1,176,843

 

Common shares repurchased

 

 

(176,684

)

 

 

(229,932

)

 

 

(301,082

)

 

 

(77,823

)

 

 

(30,787

)

 

 

(816,308

)

Share class transfer

 

 

(12,409

)

 

 

(232,668

)

 

 

(7,581

)

 

 

228,263

 

 

 

24,327

 

 

 

(68

)

June 30, 2026

 

 

20,551,859

 

 

 

18,273,162

 

 

 

11,459,315

 

 

 

12,185,241

 

 

 

7,524,025

 

 

 

69,993,602

 

 

 

 

The table below details activity related to the Company’s outstanding common share classes for the three and six months ended June 30, 2025:

 

 

 

For the Three Months Ended June 30, 2025

 

 

Class S

 

 

Class F-S

 

 

Class I

 

 

Class IO

 

 

Class F-I

 

 

Class F-IO

 

 

Class E

 

 

Total

 

March 31, 2025

 

 

4,455,704

 

 

 

18,592,527

 

 

 

1,964,394

 

 

 

 

 

 

10,475,346

 

 

 

 

 

 

3,267,600

 

 

 

38,755,571

 

Common shares issued

 

 

2,071,295

 

 

 

 

 

 

1,160,244

 

 

 

231,116

 

 

 

77,038

 

 

 

 

 

 

500,250

 

 

 

4,039,943

 

Distribution reinvestment

 

 

44,208

 

 

 

149,621

 

 

 

19,690

 

 

 

1,561

 

 

 

58,204

 

 

 

11,696

 

 

 

40,173

 

 

 

325,153

 

Common shares repurchased

 

 

(8,862

)

 

 

(182,021

)

 

 

 

 

 

 

 

 

(10,316

)

 

 

 

 

 

(13,795

)

 

 

(214,994

)

Share class transfer

 

 

 

 

 

 

 

 

(149,124

)

 

 

149,124

 

 

 

(2,616,731

)

 

 

2,616,731

 

 

 

 

 

 

 

June 30, 2025

 

 

6,562,345

 

 

 

18,560,127

 

 

 

2,995,204

 

 

 

381,801

 

 

 

7,983,541

 

 

 

2,628,427

 

 

 

3,794,228

 

 

 

42,905,673

 

 

 

 

For the Six Months Ended June 30, 2025

 

 

Class S

 

 

Class F-S

 

 

Class I

 

 

Class IO

 

 

Class F-I

 

 

Class F-IO

 

 

Class E

 

 

Total

 

December 31, 2024

 

 

2,540,134

 

 

 

18,504,342

 

 

 

1,060,070

 

 

 

 

 

 

9,723,315

 

 

 

 

 

 

2,878,124

 

 

 

34,705,985

 

Common shares issued

 

 

3,960,341

 

 

 

 

 

 

2,055,066

 

 

 

231,116

 

 

 

764,385

 

 

 

 

 

 

874,711

 

 

 

7,885,619

 

Distribution reinvestment

 

 

72,005

 

 

 

295,280

 

 

 

29,192

 

 

 

1,561

 

 

 

122,888

 

 

 

11,696

 

 

 

74,326

 

 

 

606,948

 

Common shares repurchased

 

 

(10,135

)

 

 

(239,495

)

 

 

 

 

 

 

 

 

(10,316

)

 

 

 

 

 

(32,933

)

 

 

(292,879

)

Share class transfer

 

 

 

 

 

 

 

 

(149,124

)

 

 

149,124

 

 

 

(2,616,731

)

 

 

2,616,731

 

 

 

 

 

 

 

June 30, 2025

 

 

6,562,345

 

 

 

18,560,127

 

 

 

2,995,204

 

 

 

381,801

 

 

 

7,983,541

 

 

 

2,628,427

 

 

 

3,794,228

 

 

 

42,905,673

 

Schedule of Stock by Class

The below table details shares issued and outstanding for the classes of common shares outstanding as of June 30, 2026 and December 31, 2025:

 

Share Class

 

June 30, 2026

 

 

December 31, 2025

 

Class S common shares, $0.01 par value per share

 

 

20,551,859

 

 

 

11,271,609

 

Class F-S common shares, $0.01 par value per share

 

 

18,273,162

 

 

 

18,363,286

 

Class I common shares, $0.01 par value per share

 

 

11,459,315

 

 

 

7,043,621

 

Class F-I common shares, $0.01 par value per share

 

 

12,185,241

 

 

 

10,741,516

 

Class E common shares, $0.01 par value per share

 

 

7,524,025

 

 

 

4,711,151

 

Total:

 

 

69,993,602

 

 

 

52,131,183

 

The following table details the shares issued subsequent to the end of the period through the date of this report:

 

Title of Securities

 

Number of Shares Sold

 

 

Aggregate Consideration(1)

 

Class S common shares

 

 

2,898,434

 

 

$

60,718

 

Class I common shares

 

 

2,046,575

 

 

 

42,527

 

Class F-I common shares

 

 

364,113

 

 

 

7,596

 

Class E common shares

 

 

791,940

 

 

 

16,526

 

Total:

 

 

6,101,062

 

 

$

127,367

 

 

(1)
Class S shares include aggregate upfront selling commissions of $509.
Schedule of Distribution Per Share

The table below details the Company’s distribution per share for the Company’s common share classes for the three and six months ended June 30, 2026 and 2025:

 

 

For the Three Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Aggregate gross distributions declared per share

 

 

Shareholder servicing fee per share

 

 

Net distributions declared per share

 

 

Aggregate gross distributions declared per share

 

 

Shareholder servicing fee per share

 

 

Net distributions declared per share

 

Class S

 

$

0.3497

 

 

$

(0.0440

)

 

$

0.3057

 

 

$

0.3045

 

 

$

(0.0430

)

 

$

0.2615

 

Class F-S

 

$

0.3856

 

 

$

(0.0442

)

 

$

0.3414

 

 

$

0.3045

 

 

$

(0.0430

)

 

$

0.2615

 

Class I

 

$

0.3497

 

 

$

-

 

 

$

0.3497

 

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

Class IO

 

$

-

 

 

$

-

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

Class F-I

 

$

0.3856

 

 

$

-

 

 

$

0.3856

 

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

Class F-IO

 

$

-

 

 

$

-

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

Class E

 

$

0.4680

 

 

$

-

 

 

$

0.4680

 

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

 

 

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Aggregate gross distributions declared per share

 

 

Shareholder servicing fee per share

 

 

Net distributions declared per share

 

 

Aggregate gross distributions declared per share

 

 

Shareholder servicing fee per share

 

 

Net distributions declared per share

 

Class S

 

$

0.6960

 

 

$

(0.0876

)

 

$

0.6084

 

 

$

0.6078

 

 

$

(0.0860

)

 

$

0.5218

 

Class F-S

 

$

0.7672

 

 

$

(0.0880

)

 

$

0.6792

 

 

$

0.6078

 

 

$

(0.0860

)

 

$

0.5218

 

Class I

 

$

0.6960

 

 

$

-

 

 

$

0.6960

 

 

$

0.6078

 

 

$

-

 

 

$

0.6078

 

Class IO

 

$

-

 

 

$

-

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

Class F-I

 

$

0.7672

 

 

$

-

 

 

$

0.7672

 

 

$

0.6078

 

 

$

-

 

 

$

0.6078

 

Class F-IO

 

$

-

 

 

$

-

 

 

$

-

 

 

$

0.3045

 

 

$

-

 

 

$

0.3045

 

Class E

 

$

0.9310

 

 

$

-

 

 

$

0.9310

 

 

$

0.6078

 

 

$

-

 

 

$

0.6078