v3.26.1
Net Assets
 9 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Net Assets
Note 10. Net Assets

Share Issuances

In connection with its formation, the Company has the authority to issue an unlimited number of Common Shares at $0.01 per share par value. The Company offers on a continuous basis up to $10.0 billion of Common Shares pursuant to the Public Offering. The Company has received an exemptive order from the SEC that permits the Company to issue multiple share classes through Class S Shares, Class D Shares and Class I Shares, with, among others, different ongoing shareholder servicing and/or distribution fees. The share classes have different ongoing distribution and/or shareholder servicing fees. As of April 1, 2024, the Company had received purchase orders from greater than 100 investors for Class S Shares, and the Board authorized the release of Class S proceeds from escrow. As of such date, the Company issued and sold 814,973 Class S Shares, and the escrow agent released net proceeds of $20,513 to the Company as payment for such Class S Shares. If the Company begins selling Class D Shares, we will accept purchase orders and hold investors' funds in an interest-bearing escrow account for Class D Shares until we receive purchase orders pursuant to the Public Offering for at least 100 investors in Class D Shares.

The following table summarizes the Common Shares issued and net proceeds from the Public Offering during the nine months ended June 30, 2026 and 2025:
Class I
Subscriptions EffectiveShares IssuedNet Proceeds
For the nine months ended June 30, 2026
October 1, 20256,097,564 $153,415 
November 1, 20256,240,826 156,957 
December 1, 20253,931,480 98,877 
January 1, 20263,316,240 83,403 
February 1, 20264,744,745 118,808 
March 1, 20263,314,114 81,494 
April 1, 20261,887,366 45,561 
May 1, 20261,038,502 25,132 
June 1, 20261,263,855 30,686 
31,834,692 $794,333 
For the nine months ended June 30, 2025
October 1, 20243,715,049 $93,248 
November 1, 20243,559,514 89,201 
December 1, 20244,109,877 103,076 
January 1, 20253,649,429 91,747 
February 1, 20255,145,177 129,247 
March 1, 20256,030,716 151,371 
April 1, 20258,959,076 224,425 
May 1, 20256,848,523 171,418 
June 1, 20255,795,241 145,518 
47,812,602 $1,199,251 
Class S
Subscriptions EffectiveShares IssuedNet Proceeds
For the nine months ended June 30, 2026
October 1, 2025487,943 $12,276 
November 1, 2025540,086 13,583 
December 1, 2025121,948 3,067 
January 1, 2026180,915 4,550 
February 1, 2026180,931 4,531 
March 1, 2026256,059 6,297 
April 1, 202685,046 2,053 
May 1, 202688,210 2,135 
June 1, 202640,239 977 
1,981,377 $49,469 
For the nine months ended June 30, 2025
October 1, 2024362,867 $9,108 
November 1, 2024223,271 5,595 
December 1, 2024198,547 4,980 
January 1, 2025419,296 10,541 
February 1, 2025300,706 7,553 
March 1, 2025627,889 15,760 
April 1, 2025581,310 14,562 
May 1, 2025197,193 4,936 
June 1, 2025437,176 10,978 
3,348,255 $84,013 
In connection with the Public Offering, the Company sells shares at an offering price per share as determined in accordance with a share pricing policy. Under such policy, in connection with each monthly closing on the sale of Class S Shares, Class D Shares and Class I Shares, the Board has authorized the Investment Adviser to establish a net offering price that it believes reflects a price per share that is no less than the then-current NAV per share. The following table summarizes the net offering price per share of Common Shares in the Public Offering during the nine months ended June 30, 2026 and 2025:
Net Offering Price Per Share
Class IClass S
For the nine months ended June 30, 2026
October 31, 2025$25.15 $25.15 
November 30, 202525.15 25.15 
December 31, 202525.15 25.15 
January 31, 202625.04 25.04 
February 28, 202624.59 24.59 
March 31, 202624.14 24.14 
April 30, 202624.20 24.20 
May 31, 202624.28 24.28 
June 30, 202624.17 24.17 
For the nine months ended June 30, 2025
October 31, 2024$25.06 $25.06 
November 30, 202425.08 25.08 
December 31, 202425.14 25.14 
January 31, 202525.12 25.12 
February 28, 202525.10 25.10 
March 31, 202525.05 25.05 
April 30, 202525.03 25.03 
May 31, 202525.11 25.11 
June 30, 202525.18 25.18 
Distributions and Distribution Reinvestment

The Board authorizes and declares monthly distribution amounts per share that are recorded by the Company on the record date. The following tables summarize the Company’s dividend declarations and distributions with a record date during the nine months ended June 30, 2026 and 2025:
Class I
Date DeclaredRecord DatePayment DateShares
Outstanding		Regular
Distribution
Per Share		Special
Distribution
Per Share		Total Distribution Per ShareTotal
Dividends Declared
For the nine months ended June 30, 2026
August 1, 2025October 31, 2025November 26, 2025160,305,396 $0.1875 $— $0.1875 $30,055 
November 14, 2025November 30, 2025December 30, 2025164,917,320 0.1875 — 0.1875 30,922 
November 14, 2025December 31, 2025January 29, 2026169,195,375 0.1875 — 0.1875 31,724 
November 14, 2025January 31, 2026February 26, 2026172,864,976 0.1875 — 0.187532,412 
February 2, 2026February 28, 2026March 30, 2026175,889,215 0.1875 — 0.187532,980 
February 2, 2026March 31, 2026April 29, 2026179,571,695 0.1875 — 0.187533,670 
February 2, 2026April 30, 2026May 28, 2026181,808,746 0.1875 — 0.187534,089 
May 1, 2026May 31, 2026June 29, 2026174,657,510 0.1875 — 0.187532,748 
May 1, 2026June 30, 2026July 30, 2026176,261,880 0.1875 — 0.187533,049 
Total dividends declared for the nine months ended June 30, 2026
$291,649 
For the nine months ended June 30, 2025
August 2, 2024October 31, 2024November 27, 202470,286,774 $0.2200 $— $0.2200 $15,463 
November 14, 2024November 30, 2024December 27, 202473,471,107 0.1875 — 0.1875 13,776 
November 14, 2024December 30, 2024January 30, 202577,769,569 0.1875 0.0050 0.1925 14,971 
November 14, 2024January 31, 2025February 27, 202581,622,147 0.1875 — 0.187515,305 
February 3, 2025February 28, 2025March 28, 202586,802,913 0.1875 — 0.187516,276 
February 3, 2025March 31, 2025April 29, 202593,061,716 0.1875 — 0.187517,449 
February 3, 2025April 30, 2025May 30, 2025102,268,310 0.1875 — 0.187519,175 
May 2, 2025May 31, 2025June 27, 2025108,654,328 0.1875 — 0.187520,372 
May 2, 2025June 30, 2025July 30, 2025114,728,035 0.1875 — 0.187521,511 
Total dividends declared for the nine months ended June 30, 2025
$154,298 
Class S
Date DeclaredRecord DatePayment DateShares
Outstanding
Regular
Distribution
Per Share(1)
Special
Distribution
Per Share		Total Distribution Per ShareTotal
Dividends Declared
For the nine months ended June 30, 2026
August 1, 2025October 31, 2025November 26, 20257,957,633 $0.1697 $— $0.1697 $1,352 
November 14, 2025November 30, 2025December 30, 20258,477,229 0.1697 — 0.1697 1,439 
November 14, 2025December 31, 2025January 29, 20268,628,628 0.1697 — 0.1697 1,464 
November 14, 2025January 31, 2026February 26, 20268,838,805 0.1697 — 0.16971,500 
February 2, 2026February 28, 2026March 30, 20268,606,052 0.1698 — 0.16981,461 
February 2, 2026March 31, 2026April 29, 20268,893,685 0.1701 — 0.17011,513 
February 2, 2026April 30, 2026May 28, 20269,011,153 0.1704 — 0.17041,536 
May 1, 2026May 31, 2026June 29, 20268,774,684 0.1704 — 0.17041,495 
May 1, 2026June 30, 2026July 30, 20268,846,276 0.1703 — 0.17031,507 
Total dividends declared for the nine months ended June 30, 2026
$13,267 
For the nine months ended June 30, 2025
August 2, 2024October 31, 2024November 27, 20243,007,320 $0.2022 $— $0.2022 $608 
November 14, 2024November 30, 2024December 27, 20243,243,641 0.1697 — 0.1697 551 
November 14, 2024December 30, 2024January 30, 20253,453,828 0.1697 0.0050 0.1747 603 
November 14, 2024January 31, 2025February 27, 20253,886,006 0.1697 — 0.1697 660 
February 3, 2025February 28, 2025March 28, 20254,196,829 0.1697 — 0.1697 712 
February 3, 2025March 31, 2025April 29, 20254,840,168 0.1697 — 0.1697 822 
February 3, 2025April 30, 2025May 30, 20255,439,734 0.1698 — 0.1698 923 
May 2, 2025May 31, 2025June 27, 20255,538,807 0.1698 — 0.1698 940 
May 2, 2025June 30, 2025July 30, 20255,997,599 0.1697 — 0.1697 1,018 
Total dividends declared for the nine months ended June 30, 2025
$6,837 
(1) Distribution per share is net of shareholder servicing and/or distribution fees.
The following table summarizes the Company’s distributions reinvested during the nine months ended June 30, 2026 and 2025:
Class I
Payment DateDRIP Shares IssuedAmount ($) per share
DRIP Shares Value (1)
For the nine months ended June 30, 2026
October 30, 2025325,066 $25.16 $8,179 
November 26, 2025334,265 25.15 8,407 
December 30, 2025346,575 25.15 8,716 
January 29, 2026353,361 25.15 8,887 
February 26, 2026356,518 25.04 8,927 
March 30, 2026368,366 24.59 9,058 
April 29, 2026349,685 24.14 8,441 
May 28, 2026345,523 24.20 8,361 
June 29, 2026340,514 24.28 8,268 
3,119,873 $77,244 
For the nine months ended June 30, 2025
October 30, 2024197,077 $25.10 $4,946 
November 27, 2024216,448 25.06 5,424 
December 27, 2024188,585 25.08 4,730 
January 30, 2025203,149 25.14 5,107 
February 27, 2025208,605 25.12 5,240 
March 28, 2025228,087 25.10 5,725 
April 29, 2025247,571 25.05 6,202 
May 30, 2025264,308 25.03 6,616 
June 27, 2025278,359 25.11 6,990 
2,032,189 $50,980 
Class S
Payment DateDRIP Shares IssuedAmount ($) per share
DRIP Shares Value (1)
For the nine months ended June 30, 2026
October 30, 202526,025 $25.16 $655 
November 26, 202527,417 25.15 690 
December 30, 202529,451 25.15 740 
January 29, 202629,263 25.15 736 
February 26, 202630,215 25.04 757 
March 30, 202631,573 24.59 776 
April 29, 202632,422 24.14 783 
May 28, 202631,259 24.20 757 
June 29, 202631,353 24.28 761 
268,978 $6,655 
For the nine months ended June 30, 2025
October 30, 202410,731 $25.10 $269 
November 27, 202413,050 25.06 327 
December 27, 202411,639 25.08 292 
January 30, 202512,882 25.14 324 
February 27, 202514,028 25.12 353 
March 28, 202515,450 25.10 388 
April 29, 202518,256 25.05 457 
May 30, 202520,859 25.03 522 
June 27, 202521,616 25.11 542 
138,511 $3,474 
(1) Reflects DRIP shares issued multiplied by the unrounded amount per share.

Share Repurchase Program

At the discretion of the Board, the Company has commenced a share repurchase program in which the Company intends to repurchase, in each quarter, up to 5% of the NAV of the Common Shares outstanding as of the close of the calendar quarter prior to the applicable valuation date (the “Determination Date”). The Board may amend, suspend or terminate the share repurchase program upon 30 days’ notice, if it deems such action to be in the best interest of shareholders. As a result, share repurchases may not be available each quarter. The Company intends to conduct such repurchase offers in accordance with the requirements of Rule 13e-4 promulgated under the Securities Exchange Act of 1934, as amended, and the 1940 Act. All shares purchased pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares.

Under the share repurchase program, to the extent the Company offers to repurchase shares in any particular quarter, it is expected to repurchase shares pursuant to tender offers on or around the last business day of the first month of such quarter using a purchase price equal to the NAV per share as of the last calendar day of the prior quarter, except that shares that have not been outstanding for at least one year will be repurchased at 98% of such NAV (an “Early Repurchase Deduction”). The Early Repurchase Deduction will be retained by the Company for the benefit of remaining shareholders.
The following table presents share repurchases completed under the share repurchase program during the nine months ended June 30, 2026 and 2025:

Share Repurchase Offering Determination DateRepurchase Effective Date Total Number of Shares Repurchased
(all classes)
Percentage of Outstanding Shares Repurchased(1)
Price Paid
Per Share		Repurchase
Pricing Date
Amount Repurchased
(all classes)(2)
Maximum number of shares that may yet be purchased under the Repurchase Program(3)
For the nine months ended June 30, 2026
June 30, 2025November 3, 20252,011,072 1.67 %$25.16 September 30, 2025$50,495 — 
September 30, 2025February 2, 20262,520,922 1.56 %25.15 December 31, 202563,351 — 
December 31, 2025May 1, 20268,891,200 5.00 %24.14 March 31, 2026213,637 6,257,779 
13,423,194 $327,483 6,257,779 
For the nine months ended June 30, 2025
June 30, 2024November 1, 2024591,629 1.07 %$25.10 September 30, 2024$14,847 — 
September 30, 2024February 3, 2025176,927 0.26 %25.14 December 31, 20244,438 — 
December 31, 2024May 1, 2025845,739 1.04 %25.03 March 31, 202521,066 — 
1,614,295 $40,351 — 
(1)Percentage is based on total shares as of the share repurchase offering determination date.
(2)Amounts shown net of Early Repurchase Deduction.
(3)Total number of unaccepted share repurchase requested amounts may be purchased through future repurchase offerings under the repurchase program.