v3.26.1
RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Expense Payments and Reimbursement Payments
The following table presents a cumulative summary of the expense payments and reimbursement payments since the Fund’s commencement of operations, comprised primarily of organizational expenses, offering costs and professional fees:
For the Quarter EndedExpense Payments by AdviserReimbursement Payments to Adviser
Expired Expense Support
Unreimbursed Expense Payments
Effective Rate of Distribution per Share (1)
Reimbursement Eligibility Expiration
Operating Expense Ratio (2)
March 31, 2022$983 $— $(983)$— — %March 31, 20250.08 %
June 30, 2022677 — (677)— 6.62 %June 30, 20250.19 %
September 30, 2022379 — (379)— 7.23 %September 30, 20250.21 %
December 31, 2022176 — (176)— 9.07 %December 31, 20250.14 %
March 31, 2023198 — (198)— 10.22 %March 31, 20260.22 %
June 30, 2023113 — (113)— 11.69 %June 30, 20260.22 %
September 30, 2023327 — — 327 12.19 %September 30, 20260.27 %
December 31, 2023115 — — 115 12.13 %December 31, 20260.13 %
March 31, 202431 — — 31 12.19 %March 31, 20270.12 %
June 30, 2024217 — — 217 9.72 %June 30, 20270.15 %
September 30, 202475 — — 75 9.70 %September 30, 20270.15 %
December 31, 2024333 — — 333 9.68 %December 31, 20270.21 %
March 31, 2025— — — — 9.74 %March 31, 20280.17 %
June 30, 2025110 — — 110 9.78 %June 30, 20280.15 %
September 30, 2025384 — — 384 9.82 %September 30, 20280.15 %
December 31, 2025413 — — 413 8.88 %December 31, 20280.23 %
March 31, 2026428 — — 428 8.49 %March 31, 20290.16 %
June 30, 2026178 — — 178 8.55 %June 30, 20290.21 %
Total$5,137 $— $(2,526)$2,611 
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(1)The effective rate of distribution per share is expressed as a percentage equal to the projected annualized regular distribution amount as of the end of the applicable period (which is calculated by annualizing the regular monthly cash distributions per share as of such date without compounding) divided by the Fund’s gross offering price per share as of each quarter ended.
(2)The operating expense ratio is calculated by dividing the quarterly operating expenses, less organizational and offering expenses, base management fee and incentive fees owed to the Adviser, and interest expense, by the Fund’s net assets as of each quarter end.