v3.26.3
COMMITMENTS AND CONTINGENCIES (Tables)
 9 Months Ended
Sep. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Voluntary Fee Waived by Expiration Period
As of September 30, 2026 and December 31, 2025, the total amount of advanced expenses subject to recoupment by the Adviser was $31.1 million and $14.9 million, respectively, with expirations as follows:

For the Quarter EndedExpense Support from the Adviser
Expense Support Reimbursed to the Adviser
Expense Support No Longer Eligible for Reimbursement
Unreimbursed Expense Support (1)
Eligible for Reimbursement through (1)
June 30, 2024$2,050 $(2,050)$— $— June 30, 2027
September 30, 20241,231 (1,231)— — September 30, 2027
December 31, 2024493 (493)— — December 31, 2027
March 31, 20252,908 (2,908)— — March 31, 2028
June 30, 20252,668 (2,668)— — June 30, 2028
September 30, 20253,007 (3,007)— — September 30, 2028
December 31, 20252,564 (2,035)— 529 December 31, 2028
March 31, 20262,631 (2,631)— — March 31, 2029
June 30, 20264,248 (3,839)— 409 June 30, 2029
September 30, 202630,149 — — 30,149 September 30, 2029
(1) Individual expenses are eligible for reimbursement within three years prior to the last business day of the applicable month in which they were incurred, which may be prior to the end of the respective quarter noted.
Schedule of Fund’s Unfunded Commitments As of September 30, 2026 and December 31, 2025, the Fund’s unfunded commitments consisted of:
As of
September 30, 2026
December 31, 2025
Company
Commitment Type(1)(2)
Total CommitmentUnfunded AmountTotal CommitmentUnfunded Amount
Stack SJ Holdings Parent A-I, LLCDelayed Draw Term Loan$137,500 $8,435 $137,500 $81,758 
Retained Vantage Data Centers Intermediate Holdco, L.P. Delayed Draw Term Loan185,000 — 185,000 146,458 
CMH01 Holdings LPDelayed Draw Term Loan165,000 14,721 125,000 44,071 
PowerHouse Data LCX, LLCDelayed Draw Term Loan75,000 19,300 75,000 59,622 
Galaxy Helios LLC Delayed Draw Term Loan97,019 5,347 100,000 37,287 
CW Nest Property Owner LLCDelayed Draw Term Loan100,000 17,112 100,000 81,159 
Coreweave Financing DDTL V-V, LLCDelayed Draw Term Loan40,071 16,111 — — 
Pinnacle Buyer, LLCDelayed Draw Term Loan9,979 1,616 — — 
Pye-Barker Fire & Safety, LLC Delayed Draw Term Loan16,974 1,865 — — 
Saber Power Services, LLC Delayed Draw Term Loan5,500 839 — — 
Tango Holdings, LLC Equity803,569 94,661 517,419 29,250 
Pioneer JV Holdings LLC Equity770,725 45,145 768,580 43,000 
Sunrun Acropolis Owner 2026, LLC Equity500,000 462,500 — — 
Sierra Equity Holdings LLC Equity443,991 — 425,424 271,994 
Voyager JV Holdings LLC Equity445,098 222,549 — — 
SI SNM01A Aggregator LLC Equity219,853 33,236 — — 
SI SNM01B Aggregator JV LLC Equity723,016 116,393 — — 
Ravens Edge Renewables, LLC Equity1,405,333 963,728 — — 
(1) The unfunded debt/delayed draw term loan obligations may or may not be funded to the borrowing party in the future. The Fund’s commitment to fund delayed draw term loans is triggered upon the satisfaction of certain pre-negotiated terms and conditions which can include covenants to maintain specified leverage levels and other related borrowing base covenants. Total commitment is net of paydowns for delayed draw term loans.
(2) The Fund’s equity commitments are based on either a pre-agreed funding schedule, performance milestones, or completion of assets that move into the investment portfolio. Certain terms of these investments are not finalized at the time of the commitment and the Fund’s allocation may change prior to the date of funding. In this regard, the Fund may have to fund additional commitments in the future that it is currently not obligated to but may be at a future point in time.