v3.26.1
Net Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Changes in Net Assets
The following table presents transactions in Common Shares for the three months ended June 30, 2026:
For the three months ended June 30, 2026
SharesAmount
CLASS I
Subscriptions13,893,712 $335,039 
Share transfers between classes8,786,920 210,611 
Distributions reinvested13,906,090 334,638 
Share repurchases(79,162,113)(1,872,204)
Early repurchase deduction— 274 
Net increase (decrease)(42,575,391)(991,642)
CLASS S
Subscriptions3,753,204 90,375 
Share transfers between classes(2,346,581)(56,429)
Distributions reinvested6,730,320161,951 
Share repurchases(13,174,718)(311,627)
Early repurchase deduction—119 
Net increase (decrease)(5,037,775)(115,611)
CLASS D
Subscriptions1,299,612 31,226 
Share transfers between classes(6,440,339)(154,182)
Distributions reinvested58,166 1,400 
Share repurchases(883,176)(20,888)
Early repurchase deduction—4 
Net increase (decrease)(5,965,737)(142,440)
Total net increase (decrease)(53,578,903)$(1,249,693)
The following table presents transactions in Common Shares for the six months ended June 30, 2026:
For the six months ended June 30, 2026
SharesAmount
CLASS I
Subscriptions55,685,570 $1,366,966 
Share transfers between classes13,341,031 322,410 
Distributions reinvested28,585,613 696,023 
Share repurchases(173,351,086)(4,150,612)
Early repurchase deduction— 1,079 
Net increase (decrease)(75,738,872)(1,764,134)
CLASS S
Subscriptions15,493,323 379,507 
Share transfers between classes(6,774,720)(165,098)
Distributions reinvested13,638,833332,006 
Share repurchases(50,392,979)(1,211,943)
Early repurchase deduction—470 
Net increase (decrease)(28,035,543)(665,058)
CLASS D
Subscriptions1,494,138 36,029 
Share transfers between classes(6,566,311)(157,312)
Distributions reinvested130,781 3,188 
Share repurchases(3,126,154)(75,145)
Early repurchase deduction—18 
Net increase (decrease)(8,067,546)(193,222)
Total net increase (decrease)(111,841,961)$(2,622,414)
The following table presents transactions in Common Shares for the three months ended June 30, 2025:
For the three months ended June 30, 2025
SharesAmount
CLASS I
Subscriptions96,388,768$2,431,232 
Share transfers between classes1,646,39341,514 
Distributions reinvested14,104,486355,663 
Share repurchases(37,224,199)(936,933)
Early repurchase deduction— 551 
Net increase (decrease)74,915,448 1,892,027 
CLASS S
Subscriptions28,750,386725,144 
Share transfers between classes(1,377,218)(34,723)
Distributions reinvested6,781,888171,014 
Share repurchases(5,897,406)(148,438)
Early repurchase deduction—256 
Net increase (decrease)28,257,650 713,253 
CLASS D
Subscriptions2,263,871 57,076 
Share transfers between classes(269,175)(6,791)
Distributions reinvested136,047 3,431 
Share repurchases(454,553)(11,441)
Early repurchase deduction— 12 
Net increase (decrease)1,676,190 42,287 
Total net increase (decrease)104,849,288 $2,647,567 
The following table presents transactions in Common Shares for the six months ended June 30, 2025:
For the six months ended June 30, 2025
SharesAmount
CLASS I
Subscriptions192,123,807$4,862,984 
Share transfers between classes3,347,62384,735 
Distributions reinvested27,025,144683,840 
Share repurchases(55,553,366)(1,399,743)
Early repurchase deduction— 766 
Net increase (decrease)166,943,208 4,232,582 
CLASS S
Subscriptions61,565,2541,558,561 
Share transfers between classes(2,989,714)(75,689)
Distributions reinvested13,050,420330,231 
Share repurchases(10,518,196)(265,113)
Early repurchase deduction—358 
Net increase (decrease)61,107,764 1,548,348 
CLASS D
Subscriptions4,655,055 117,847 
Share transfers between classes(357,909)(9,046)
Distributions reinvested259,516 6,567 
Share repurchases(517,808)(13,038)
Early repurchase deduction—17 
Net increase (decrease)4,038,854 102,347 
Total net increase (decrease)232,089,826 $5,883,277 
Schedule of Net Asset Value Per Share The following table presents each month-end NAV per share for Class I, Class S and Class D Common Shares for the six months ended June 30, 2026:
NAV Per Share
For the Months EndedClass IClass SClass D
January 31, 2026$24.68 $24.68 $24.68 
February 28, 202624.38 24.38 24.38 
March 31, 202624.19 24.19 24.19 
April 30, 202624.06 24.06 24.06 
May 31, 202623.94 23.94 23.94 
June 30, 202623.65 23.65 23.65 
The following table presents each month-end NAV per share for Class I, Class S and Class D Common Shares for the six months ended June 30, 2025:
NAV Per Share
For the Months EndedClass IClass SClass D
January 31, 2025$25.42 $25.42 $25.42 
February 28, 202525.36 25.36 25.36 
March 31, 202525.25 25.25 25.25 
April 30, 202525.19 25.19 25.19 
May 31, 202525.21 25.21 25.21 
June 30, 202525.17 25.17 25.17 
Schedule of Dividends Declared
The Board authorizes and declares monthly distribution amounts per share of Class I, Class S and Class D Common Shares. The following tables present distributions that were declared and payable for the six months ended June 30, 2026:
Class I
Declaration DateRecord DatePayment DateDistribution Per ShareDistribution Amount
January 22, 2026January 31, 2026February 26, 2026$0.2000 $267,765 
February 19, 2026February 28, 2026March 26, 20260.2000 271,817 
March 19, 2026March 31, 2026April 28, 20260.2000 274,504 
April 20, 2026April 30, 2026May 28, 20260.2000 258,268 
May 20, 2026May 31, 2026June 25, 20260.2000 260,124 
June 22, 2026June 30, 2026July 28, 20260.2000 262,968 
$1.2000 $1,595,446 
Class S
Declaration DateRecord DatePayment DateDistribution Per ShareDistribution Amount
January 22, 2026January 31, 2026February 26, 2026$0.1824 $107,734 
February 19, 2026February 28, 2026March 26, 20260.1825 108,650 
March 19, 2026March 31, 2026April 28, 20260.1827 109,426 
April 20, 2026April 30, 2026May 28, 20260.1829 103,322 
May 20, 2026May 31, 2026June 25, 20260.1830 103,813 
June 22, 2026June 30, 2026July 28, 20260.1830 104,271 
$1.0965 $637,216 
Class D
Declaration DateRecord DatePayment DateDistribution Per ShareDistribution Amount
January 22, 2026January 31, 2026February 26, 2026$0.1948 $4,701 
February 19, 2026February 28, 2026March 26, 20260.1949 4,709 
March 19, 2026March 31, 2026April 28, 20260.1949 4,722 
April 20, 2026April 30, 2026May 28, 20260.1950 4,331 
May 20, 2026May 31, 2026June 25, 20260.1950 4,466 
June 22, 2026June 30, 2026July 28, 20260.1950 3,296 
$1.1696 $26,225 
The following tables present distributions that were declared and payable for the six months ended June 30, 2025:
Class I
Declaration DateRecord DatePayment DateDistribution Per ShareDistribution Amount
January 22, 2025January 31, 2025February 27, 2025$0.2200 $228,819 
February 20, 2025February 28, 2025March 26, 20250.2200 238,587 
March 19, 2025March 31, 2025April 24, 20250.2200 246,375 
April 16, 2025April 30, 2025May 27, 20250.2200 253,182 
May 19, 2025May 31, 2025June 26, 20250.2200 259,757 
June 19, 2025June 30, 2025July 24, 20250.2200 267,011 
$1.3200 $1,493,731 
Class S
Declaration DateRecord DatePayment DateDistribution Per ShareDistribution Amount
January 22, 2025January 31, 2025February 27, 2025$0.2020 $102,691 
February 20, 2025February 28, 2025March 26, 20250.2020 104,955 
March 19, 2025March 31, 2025April 24, 20250.2020 107,789 
April 16, 2025April 30, 2025May 27, 20250.2021 109,761 
May 19, 2025May 31, 2025June 26, 20250.2022 111,623 
June 19, 2025June 30, 2025July 24, 20250.2021 113,811 
$1.2124 $650,630 
Class D
Declaration DateRecord DatePayment DateDistribution Per ShareDistribution Amount
January 22, 2025January 31, 2025February 27, 2025$0.2147 $5,018 
February 20, 2025February 28, 2025March 26, 20250.2147 5,387 
March 19, 2025March 31, 2025April 24, 20250.2147 5,442 
April 16, 2025April 30, 2025May 27, 20250.2147 5,530 
May 19, 2025May 31, 2025June 26, 20250.2148 5,743 
June 19, 2025June 30, 2025July 24, 20250.2147 5,885 
$1.2883 $33,005 
The following table presents the sources of cash distributions on a GAAP basis that the Company has declared on its Common Shares for the six months ended June 30, 2026:
For the six months ended June 30, 2026
Class IClass SClass D
Source of DistributionPer ShareAmountPer ShareAmountPer ShareAmount
Net investment income$1.2000 $1,595,446 $1.0965 $637,216 $1.1696 $26,225 
Net realized gains— — — — — — 
Total$1.2000 $1,595,446 $1.0965 $637,216 $1.1696 $26,225 
The following table presents the sources of cash distributions on a GAAP basis that the Company has declared on its Common Shares for the six months ended June 30, 2025:
For the six months ended June 30, 2025
Class IClass SClass D
Source of DistributionPer ShareAmountPer ShareAmountPer ShareAmount
Net investment income$1.3200 $1,493,731 $1.2124 $650,630 $1.2883 $33,005 
Net realized gains— — — — — — 
Total$1.3200 $1,493,731 $1.2124 $650,630 $1.2883 $33,005 
Schedule of Summarizes The Share Repurchases
The following table presents the repurchases of Common Shares pursuant to the Company’s share repurchase program for the six months ended June 30, 2026:
Commencement Date
Repurchase Request Deadline
Total Number of Shares Repurchased (all classes) (1)
Percentage of Outstanding Shares Repurchased (2)
Price Paid Per ShareRepurchase Pricing Date
Amount Repurchased (all classes) (1)(3)
Maximum number of shares that may yet be purchased under the repurchase program (4)
February 2, 2026March 2, 2026133,689,552 7.0 %$24.19 March 31, 2026$3,232,786 — 
May 1, 2026May 29, 202693,220,007 5.0 %$23.65 June 30, 2026$2,204,322 — 
(1)For the three months ended March 31, 2026, repurchases include 10,247 Common Shares repurchased at a price equal to the Company's net asset value per share as of December 31, 2025 pursuant to the Company's tender offer that expired on December 2, 2025. For the three months ended June 30, 2026, repurchases include 119,735 Common Shares repurchased at a price equal to the Company's net asset value per share as of March 31, 2026 pursuant to the Company's tender offer that expired on March 2, 2026.
(2)Percentage is based on total shares as of the close of the previous calendar quarter.
(3)Amounts shown net of Early Repurchase Deduction.
(4)For the three months ended June 30, 2026, the Company received repurchase requests that exceeded its quarterly limits and accepted requests on a pro-rata basis in accordance with the terms of the Company’s share repurchase program.
The following table presents the repurchases of Common Shares pursuant to the Company’s share repurchase program for the six months ended June 30, 2025:
Commencement DateRepurchase Request DeadlineTotal Number of Shares Repurchased (all classes)
Percentage of Outstanding Shares Repurchased (1)
Price Paid Per ShareRepurchase Pricing Date
Amount Repurchased (all classes) (2)
Maximum number of shares that may yet be purchased under the repurchase program (3)
February 3, 2025March 3, 202523,024,370 1.5 %$25.25 March 31, 2025$581,043 — 
May 2, 2025May 30, 202543,576,158 2.6 %$25.17 June 30, 2025$1,095,993 — 
(1)Percentage is based on total shares as of the close of the previous calendar quarter.
(2)Amounts shown net of Early Repurchase Deduction.
(3)All repurchase requests were satisfied in full.