Net Assets (Tables)

6 Months Ended

Jun. 30, 2026

Net Assets [Abstract]

Summary of Transactions in Common Shares

The following table summarizes transactions in Common Shares during the three and six months ended June 30, 2026 and June 30, 2025:


		For the Three Months Ended June 30,																For the Six Months Ended June 30,
		2026								2025								2026								2025
		Shares				Amount				Shares				Amount				Shares				Amount				Shares				Amount
Class I
Subscriptions			352,226			$	7,031,500				1,875,664			$	37,622,000				1,015,366			$	20,354,100				4,517,006			$	91,754,996
Share transfers between classes			—			$	—				—			$	—				—			$	—				—			$	—
Distributions reinvested			503,433			$	9,973,011				524,658			$	10,419,716				1,814,063			$	36,362,571				1,435,593			$	28,973,183
Share repurchases			(521,197	)		$	(10,408,310	)			—			$	—				(524,459	)		$	(10,473,683	)			(736	)		$	(14,875	)
Net increase (decrease)			334,462			$	6,596,201				2,400,322			$	48,041,716				2,304,970			$	46,242,988				5,951,863			$	120,713,304
Class S
Subscriptions			4,843			$	96,535				2,874			$	57,900				17,304			$	346,535				2,874			$	57,900
Share transfers between classes			—			$	—				—			$	—				—			$	—				—			$	—
Distributions reinvested			606			$	11,994				57			$	1,142				1,764			$	35,288				57			$	1,142
Share repurchases			—			$	—				—			$	—				—			$	—				—			$	—
Net increase (decrease)			5,449			$	108,529				2,931			$	59,042				19,068			$	381,823				2,931			$	59,042
Class D
Subscriptions			5,008			$	100,000				—			$	—				5,008			$	100,000				—			$	—
Share transfers between classes			—			$	—				—			$	—				—			$	—				—			$	—
Distributions reinvested			183			$	3,620				—			$	—				245			$	4,873				—			$	—
Share repurchases			—			$	—				—			$	—				—			$	—				—			$	—
Net increase (decrease)			5,191			$	103,620				—			$	—				5,253			$	104,873				—			$	—

Summary of Net Asset Value Per Share

The following tables summarize each month-end net asset value per share for Class I, Class S, and Class D Common Shares of beneficial interest during the six months ended June 30, 2026 and June 30, 2025:


		Net Asset Value Per Common Share
For the Months Ended		Class I				Class S				Class D
January 31, 2026		$	20.18			$	20.14			$	20.17
February 28, 2026			20.29				20.23				20.27
March 31, 2026(1)			20.00				19.98				19.99
April 30, 2026			20.16				20.12				20.16
May 31, 2026			19.81				19.79				19.82
June 30, 2026(1)			19.95				19.92				19.96

(1) The net asset value per Common Share reflected in the Company's report on Form 8-K may differ due to updates made from estimates to actuals.


				Net Asset Value Per Common Share
For the Months Ended				Class I				Class S
January 31, 2025				$	20.37			$	—
February 28, 2025					20.50				—
March 31, 2025(1)					20.07				—
April 30, 2025					20.15				20.15
May 31, 2025					19.86				19.85
June 30, 2025(1)					20.19				20.16

(1) The net asset value per Common Share reflected in the Company's report on Form 8-K may differ due to updates made from estimates to actuals.

Summary of Share Repurchases Completed

The following table summarizes the share repurchases completed for the six months ended June 30, 2026:


Offer Date		Tender Offer Expiration		Purchase Price per Share				Shares Repurchased (Class I)				Aggregate Dollar Amount of Shares Accepted for Repurchase
December 1, 2025(1)		December 31, 2025		$	20.04				3,262			$	65,373
March 3, 2026(2)		March 31, 2026		$	19.97				521,197				10,408,310
June 1, 2026		June 30, 2026		$	19.95				95,602				1,907,263
									620,061			$	12,380,946

(1) On December 1, 2025, the Company commenced a quarterly Tender Offer, pursuant to which the Company offered to repurchase up to 1,517,295 Common Shares, representing 5.0% of the Company’s Common Shares outstanding as of September 30, 2025. On December 31, 2025, the quarterly Tender Offer expired, and 3,262 Common Shares were tendered for repurchase. On January 27, 2026, the Company accepted the 3,262 Common Shares for purchase. The purchase price of the Common Shares tendered is the Company’s net asset value per Common Share as of December 31, 2025, or $20.04 per Common Share.

(2) On March 3, 2026, the Company commenced a quarterly Tender Offer, pursuant to which the Company offered to repurchase up to 1,763,106 Common Shares, representing 5.0% of the Company’s Common Shares outstanding as of December 31, 2025. On March 31, 2026, the quarterly Tender Offer expired, and 521,197 Common Shares were tendered for repurchase. On April 30, 2026, the Company accepted the 521,197 Common Shares for purchase. The purchase price of the Common Shares tendered is the Company’s net asset value per Common Share as of March 31, 2026, or $19.97 per Common Share.

(3) On June 1, 2026, the Company commenced a quarterly Tender Offer, pursuant to which the Company offered to repurchase up to 1,862,316 Common Shares, representing 5.0% of the Company’s Common Shares outstanding as of March 31, 2026. On June 30, 2026, the quarterly Tender Offer expired, and 95,602 Common Shares were tendered for repurchase. On July 30, 2026, the Company accepted the 95,602 Common Shares for purchase. The purchase price of the Common Shares tendered is the Company’s net asset value per Common Share as of June 30, 2026, or $19.95 per Common Share.

The following table summarizes the share repurchases completed for the six months ended June 30, 2025:


Offer Date		Tender Offer Expiration		Purchase Price per Share				Shares Repurchased (Class I)				Aggregate Dollar Amount of Shares Accepted for Repurchase
November 29, 2024(1)		December 31, 2024		$	20.22				736			$	14,875
March 3, 2025		March 31, 2025		$	20.07				—				—
May 30, 2025(2)		June 30, 2025		$	20.18				26,300				530,729
									27,036			$	545,604

(1) On November 29, 2024, the Company commenced a quarterly Tender Offer, pursuant to which the Company offered to repurchase up to 970,594 Common Shares, representing 5.0% of the Company’s Common Shares outstanding as of September 30, 2024. On December 31, 2024, the quarterly Tender Offer expired, and 735.65 Common Shares were tendered for repurchase. On January 31, 2025, the Company accepted the 735.65 Common Shares for purchase. The purchase price of the Common Shares tendered is the Company’s net asset value per Common Share as of December 31, 2024, or $20.22 per Common Share.

(2) On May 30, 2025, the Company commenced a quarterly Tender Offer, pursuant to which the Company offered to repurchase up to 1,282,887 Common Shares, representing 5.0% of the Company’s Common Shares outstanding as of March 31, 2025. On June 30, 2025, the quarterly Tender Offer expired, and 26,299.77 Common Shares were tendered for repurchase. On July 31, 2025, the Company accepted the 26,299.77 Common Shares for purchase. The purchase price of the Common Shares tendered is the Company’s net asset value per Common Share as of June 30, 2025, or $20.18 per Common Share.

Distribution Declarations and Common Shares Issued

The following tables summarize the distribution declarations and Common Shares issued pursuant to the DRP for the six months ended June 30, 2026 and June 30, 2025, respectively:


						Class I
Date Declared		Record Date		Payment Date		Amount Per Share				Distribution Declared				DRP Shares Issued				Value of DRP Shares Issued
May 13, 2026		May 13, 2026		June 26, 2026		$	0.49			$	18,086,460				503,433			$	9,973,011
March 25, 2026		March 25, 2026		March 27, 2026		$	0.51			$	18,709,697				498,170			$	10,107,861
November 12, 2025		November 28, 2025		January 27, 2026		$	0.71			$	23,043,963				812,460			$	16,281,699
										$	59,840,120				1,814,063			$	36,362,571

Of the total distributions paid during the three and six months ended June 30, 2026, $8,113,449 and $23,477,549 was distributed in cash, respectively. Of the total distributions paid for the six months ended June 30, 2026, $6,762,264 was payable as of December 31, 2025.


						Class I
Date Declared		Record Date		Payment Date		Amount Per Share				Distribution Declared				DRP Shares Issued				Value of DRP Shares Issued
May 13, 2025		May 13, 2025		June 26, 2025		$	0.53			$	14,563,609				524,658			$	10,419,716
March 26, 2025		March 26, 2025		March 28, 2025		$	0.56			$	14,099,609				479,852			$	9,836,970
November 12, 2024		November 29, 2024		January 28, 2025		$	0.69			$	13,468,268				431,083			$	8,716,497
										$	42,131,486				1,435,593			$	28,973,183

Sources of Cash Distributions

The following tables present the sources of distributions on a GAAP basis that the Company has declared on its Common Shares for the six months ended June 30, 2026 and June 30, 2025, respectively:


		For the Six Months Ended June 30,
		2026								2025
		Class I								Class I
		Per Share				Amount				Per Share				Amount
Net investment income			0.92			$	34,330,039				0.96			$	26,919,693
Net realized gains			0.05				2,044,682				0.03				770,235
Distributions in excess of net investment income			0.01				421,436				0.03				973,290
Total			0.98			$	36,796,157				1.02			$	28,663,218


		For the Six Months Ended June 30,
		2026								2025
		Class S								Class S
		Per Share				Amount				Per Share				Amount
Net investment income			0.79			$	51,812				0.33			$	961
Net realized gains			0.05				3,497				—				—
Distributions in excess of net investment income			0.02				1,239				0.19				562
Total			0.86			$	56,548				0.52			$	1,523