v3.26.1
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Assets      
Investments at fair value (cost at June 30, 2026 of $309,536; $1,617,081; $1,926,617, respectively and at December 31, 2025 of $300,563; $1,254,976; $1,555,539, respectively) $ 1,937,932   $ 1,577,705
Derivative assets, at fair value (cost at June 30, 2026 of $8,575; $44,797; $53,372, respectively and at December 31, 2025 of $8,771; $35,278; $44,049, respectively) 55,906   46,042
Cash and cash equivalents 157,071   86,181
Due from Operating Manager 13,132   12,827
Interest receivable 30,860   22,410
Deferred offering expenses 1,909   2,146
Capital subscriptions receivable [1] 1,180   11,238
Dividends receivable 14,310   9,459
Receivable for investments sold 109,278   86,539
Prepaid expenses and other assets 30,593   32,647
Total assets 2,352,171   1,887,194
Liabilities      
Derivative liabilities, at fair value (cost at June 30, 2026 of $4; $22; $26, respectively and at December 31, 2025 of ($5); ($17); ($22), respectively) 6,332   4,986
Repurchase agreements 146,549   171,438
Notes payable 1,942   2,066
Payable for investments purchased 194,478   8,362
Due to Operating Manager 13,853   14,333
Distribution Payable 9,691   8,892
Interest payable 17,750   15,642
Performance fees payable 0   5,824
Management fees payable 1,453   2,298
Capital repurchases payable [1] 1,180   11,238
Other accrued expenses and liabilities 20,055   30,005
Total liabilities 413,283   275,084
Commitments and contingencies (Note 8)  
Net assets      
Total net assets 1,938,888   1,612,110
A-I Shares      
Net assets      
Total net assets $ 121,282   $ 115,377
Shares outstanding 4,824,498   4,521,154
Net asset value per share $ 25.14   $ 25.52
A-II Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
BD Shares      
Net assets      
Total net assets $ 212,868   $ 168,362
Shares outstanding 8,300,906   6,468,338
Net asset value per share $ 25.64   $ 26.03
E Shares      
Net assets      
Total net assets $ 54,773   $ 55,350
Shares outstanding 2,205,536   2,188,246
Net asset value per share $ 24.83   $ 25.29
F-I Shares      
Net assets      
Total net assets $ 545,779   $ 530,859
Shares outstanding 21,553,802   20,654,241
Net asset value per share $ 25.32   $ 25.7
F-I (Acc) Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
F-S Shares      
Net assets      
Total net assets $ 74   $ 73
Shares outstanding 2,918   2,840
Net asset value per share $ 25.29   $ 25.68
I Shares      
Net assets      
Total net assets $ 347,013   $ 171,930
Shares outstanding 13,559,326   6,618,128
Net asset value per share $ 25.59   $ 25.98
I (Acc) Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
P-I Shares      
Net assets      
Total net assets $ 1,938   $ 1,383
Shares outstanding 75,906   52,765
Net asset value per share $ 25.54   $ 26.2
P-S Shares      
Net assets      
Total net assets $ 211,123   $ 173,669
Shares outstanding 8,300,237   6,723,462
Net asset value per share $ 25.44   $ 25.83
S Shares      
Net assets      
Total net assets $ 540   $ 6
Shares outstanding 21,056   220
Net asset value per share $ 25.65   $ 25.87
T-I Shares      
Net assets      
Total net assets $ 200,101   $ 183,283
Shares outstanding 7,807,423   7,059,078
Net asset value per share $ 25.63   $ 25.96
T-S Shares      
Net assets      
Total net assets $ 243,395   $ 211,816
Shares outstanding 9,552,629   8,194,415
Net asset value per share $ 25.48   $ 25.85
V Shares      
Net assets      
Total net assets $ 2   $ 2
Shares outstanding 80   80
Net asset value per share $ 25.65   $ 25.65
Series I      
Assets      
Investments at fair value (cost at June 30, 2026 of $309,536; $1,617,081; $1,926,617, respectively and at December 31, 2025 of $300,563; $1,254,976; $1,555,539, respectively) $ 311,354   $ 305,789
Derivative assets, at fair value (cost at June 30, 2026 of $8,575; $44,797; $53,372, respectively and at December 31, 2025 of $8,771; $35,278; $44,049, respectively) 8,982   8,924
Cash and cash equivalents 30,107   24,031
Due from Operating Manager 2,110   2,486
Interest receivable 4,976   2,740
Deferred offering expenses 307   416
Capital subscriptions receivable [1] 0   0
Dividends receivable 2,299   1,833
Receivable for investments sold 17,579   16,773
Prepaid expenses and other assets 3,359   18,759
Total assets 381,073   381,751
Liabilities      
Derivative liabilities, at fair value (cost at June 30, 2026 of $4; $22; $26, respectively and at December 31, 2025 of ($5); ($17); ($22), respectively) 1,017   966
Repurchase agreements 23,545   33,228
Notes payable 971   995
Payable for investments purchased 19,489   1,621
Due to Operating Manager 2,226   2,778
Distribution Payable 1,430   1,597
Interest payable 2,852   1,426
Performance fees payable 0   1,339
Management fees payable 234   469
Capital repurchases payable [1] 1,180   11,238
Other accrued expenses and liabilities 15,780   14,169
Total liabilities 68,724   69,826
Net assets      
Total net assets 312,349   311,925
Series I | A-I Shares      
Net assets      
Total net assets $ 40,949   $ 42,199
Shares outstanding 1,630,670   1,659,560
Net asset value per share $ 25.11   $ 25.43
Series I | A-II Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
Series I | BD Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
Series I | E Shares      
Net assets      
Total net assets $ 157   $ 155
Shares outstanding 6,186   6,005
Net asset value per share $ 25.46   $ 25.78
Series I | F-I Shares      
Net assets      
Total net assets $ 116,997   $ 123,525
Shares outstanding 4,631,264   4,831,239
Net asset value per share $ 25.26   $ 25.57
Series I | F-I (Acc) Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
Series I | F-S Shares      
Net assets      
Total net assets $ 3   $ 3
Shares outstanding 110   110
Net asset value per share $ 25.42   $ 25.63
Series I | I Shares      
Net assets      
Total net assets $ 22,849   $ 5,265
Shares outstanding 899,167   204,643
Net asset value per share $ 25.41   $ 25.73
Series I | I (Acc) Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
Series I | P-I Shares      
Net assets      
Total net assets $ 567   $ 3
Shares outstanding 22,803   110
Net asset value per share $ 24.88   $ 25.2
Series I | P-S Shares      
Net assets      
Total net assets $ 8,823   $ 4,625
Shares outstanding 354,790   183,629
Net asset value per share $ 24.87   $ 25.19
Series I | S Shares      
Net assets      
Total net assets $ 3   $ 3
Shares outstanding 110   110
Net asset value per share $ 25.54   $ 25.75
Series I | T-I Shares      
Net assets      
Total net assets $ 47,952   $ 67,614
Shares outstanding 1,882,048   2,621,481
Net asset value per share $ 25.48   $ 25.79
Series I | T-S Shares      
Net assets      
Total net assets $ 74,048   $ 68,532
Shares outstanding 2,913,556   2,662,824
Net asset value per share $ 25.41   $ 25.74
Series I | V Shares      
Net assets      
Total net assets $ 1   $ 1
Shares outstanding 40   40
Net asset value per share $ 25.7   $ 25.7
Series II      
Assets      
Investments at fair value (cost at June 30, 2026 of $309,536; $1,617,081; $1,926,617, respectively and at December 31, 2025 of $300,563; $1,254,976; $1,555,539, respectively) $ 1,626,578   $ 1,271,916
Derivative assets, at fair value (cost at June 30, 2026 of $8,575; $44,797; $53,372, respectively and at December 31, 2025 of $8,771; $35,278; $44,049, respectively) 46,924   37,118
Cash and cash equivalents 126,964   62,150
Due from Operating Manager 11,022   10,341
Interest receivable 25,884   19,670
Deferred offering expenses 1,602   1,730
Capital subscriptions receivable [1] 1,180   11,238
Dividends receivable 12,011   7,626
Receivable for investments sold 91,699   69,766
Prepaid expenses and other assets 27,234   13,888
Total assets 1,971,098   1,505,443
Liabilities      
Derivative liabilities, at fair value (cost at June 30, 2026 of $4; $22; $26, respectively and at December 31, 2025 of ($5); ($17); ($22), respectively) 5,315   4,020
Repurchase agreements 123,004   138,210
Notes payable 971   1,071
Payable for investments purchased 174,989   6,741
Due to Operating Manager 11,627   11,555
Distribution Payable 8,261   7,295
Interest payable 14,898   14,216
Performance fees payable 0   4,485
Management fees payable 1,219   1,829
Capital repurchases payable [1] 0   0
Other accrued expenses and liabilities 4,275   15,836
Total liabilities 344,559   205,258
Net assets      
Total net assets 1,626,539   1,300,185
Series II | A-I Shares      
Net assets      
Total net assets $ 80,333   $ 73,178
Shares outstanding 3,193,828   2,861,594
Net asset value per share $ 25.15   $ 25.57
Series II | A-II Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
Series II | BD Shares      
Net assets      
Total net assets $ 212,868   $ 168,362
Shares outstanding 8,300,906   6,468,338
Net asset value per share $ 25.64   $ 26.03
Series II | E Shares      
Net assets      
Total net assets $ 54,616   $ 55,195
Shares outstanding 2,199,350   2,182,241
Net asset value per share $ 24.83   $ 25.29
Series II | F-I Shares      
Net assets      
Total net assets $ 428,782   $ 407,334
Shares outstanding 16,922,538   15,823,002
Net asset value per share $ 25.34   $ 25.74
Series II | F-I (Acc) Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
Series II | F-S Shares      
Net assets      
Total net assets $ 71   $ 70
Shares outstanding 2,808   2,730
Net asset value per share $ 25.28   $ 25.69
Series II | I Shares      
Net assets      
Total net assets $ 324,164   $ 166,665
Shares outstanding 12,660,159   6,413,485
Net asset value per share $ 25.61   $ 25.99
Series II | I (Acc) Shares      
Net assets      
Total net assets $ 0   $ 0
Shares outstanding 0   0
Net asset value per share $ 0   $ 0
Series II | P-I Shares      
Net assets      
Total net assets $ 1,371   $ 1,380
Shares outstanding 53,103   52,655
Net asset value per share $ 25.82   $ 26.2
Series II | P-S Shares      
Net assets      
Total net assets $ 202,300   $ 169,044
Shares outstanding 7,945,447   6,539,833
Net asset value per share $ 25.46   $ 25.85
Series II | S Shares      
Net assets      
Total net assets $ 537   $ 3
Shares outstanding 20,946   110
Net asset value per share $ 25.65   $ 25.98
Series II | T-I Shares      
Net assets      
Total net assets $ 152,149   $ 115,669
Shares outstanding 5,925,375   4,437,597
Net asset value per share $ 25.68   $ 26.07
Series II | T-S Shares      
Net assets      
Total net assets $ 169,347   $ 143,284
Shares outstanding 6,639,073   5,531,591
Net asset value per share $ 25.51   $ 25.9
Series II | V Shares      
Net assets      
Total net assets $ 1   $ 1
Shares outstanding 40   40
Net asset value per share $ 25.6   $ 25.6
[1] Capital subscriptions receivable and capital repurchases payable consist solely of exchanges between Series resulting from timing differences in the settlement of such transactions.