v3.26.3
Equity and Noncontrolling Interests (Tables)
 9 Months Ended
Sep. 30, 2026
Shareholder's Equity  
Schedule of Changes in the Companies Common Shares

The following table details the change in the Company’s common shares:

 

 

Three Months Ended September 30, 2026

 

 

 

Class A

 

 

Class F

 

 

Class I

 

 

Class E

 

 

Total

 

June 30, 2026

 

 

9,159,016

 

 

 

11,748,315

 

 

 

10,733,385

 

 

 

6,717,001

 

 

 

38,357,717

 

Common shares issued

 

 

—

 

 

 

54,715

 

 

 

3,060,985

 

 

 

87,413

 

 

 

3,203,113

 

Distribution reinvestment

 

 

—

 

 

 

27,358

 

 

 

69,760

 

 

 

—

 

 

 

97,118

 

Common shares repurchased

 

 

—

 

 

 

—

 

 

 

(11,250

)

 

 

(87,413

)

 

 

(98,663

)

September 30, 2026

 

 

9,159,016

 

 

 

11,830,388

 

 

 

13,852,880

 

 

 

6,717,001

 

 

 

41,559,285

 

 

 

 

Three Months Ended September 30, 2025

 

 

 

Class A

 

 

Class F

 

 

Class I

 

 

Class E

 

 

Total

 

June 30, 2025

 

 

9,154,029

 

 

 

11,278,675

 

 

 

1,308,027

 

 

 

6,712,132

 

 

 

28,452,863

 

Common shares issued

 

 

4,987

 

 

 

107,770

 

 

 

1,697,220

 

 

 

—

 

 

 

1,809,977

 

Distribution reinvestment

 

 

—

 

 

 

22,595

 

 

 

3,397

 

 

 

—

 

 

 

25,992

 

Common shares repurchased

 

 

—

 

 

 

—

 

 

 

(12,494

)

 

 

—

 

 

 

(12,494

)

September 30, 2025

 

 

9,159,016

 

 

 

11,409,040

 

 

 

2,996,150

 

 

 

6,712,132

 

 

 

30,276,338

 

 

 

 

Nine Months Ended September 30, 2026

 

 

 

Class A

 

 

Class F

 

 

Class I

 

 

Class E

 

 

Total

 

December 31, 2025

 

 

9,159,016

 

 

 

11,565,231

 

 

 

4,673,018

 

 

 

6,712,132

 

 

 

32,109,397

 

Common shares issued

 

 

—

 

 

 

182,178

 

 

 

9,179,344

 

 

 

146,538

 

 

 

9,508,060

 

Distribution reinvestment

 

 

—

 

 

 

82,979

 

 

 

161,469

 

 

 

—

 

 

 

244,448

 

Common shares repurchased

 

 

—

 

 

 

—

 

 

 

(160,951

)

 

 

(141,669

)

 

 

(302,620

)

September 30, 2026

 

 

9,159,016

 

 

 

11,830,388

 

 

 

13,852,880

 

 

 

6,717,001

 

 

 

41,559,285

 

 

 

Nine Months Ended September 30, 2025

 

 

 

Class A

 

 

Class F

 

 

Class I

 

 

Class E

 

 

Total

 

December 31, 2024

 

 

831,571

 

 

 

6,287,642

 

 

 

—

 

 

 

20,188,521

 

 

 

27,307,734

 

Common shares issued

 

 

8,336,793

 

 

 

5,097,512

 

 

 

3,005,075

 

 

 

42,501

 

 

 

16,481,881

 

Distribution reinvestment

 

 

—

 

 

 

23,886

 

 

 

3,569

 

 

 

—

 

 

 

27,455

 

Common shares repurchased

 

 

(9,348

)

 

 

—

 

 

 

(12,494

)

 

 

(13,518,890

)

 

 

(13,540,732

)

September 30, 2025

 

 

9,159,016

 

 

 

11,409,040

 

 

 

2,996,150

 

 

 

6,712,132

 

 

 

30,276,338

 

 
Schedule of Aggregate Distributions Declared for Each Share Class

The following table details the aggregate distributions declared for each share class for the three and nine months ended September 30, 2026 and 2025:

 

Three Months Ended September 30, 2026

 

 

Gross
Distribution

 

 

Shareholder
Servicing Fee

 

 

Management
Fee (1)

 

 

Net
Distribution

 

Class A Common Shares

 

$

0.4638

 

 

$

—

 

 

$

0.0507

 

 

$

0.4131

 

Class F Common Shares

 

$

0.4638

 

 

$

—

 

 

$

0.0507

 

 

$

0.4131

 

Class I Common Shares

 

$

0.4638

 

 

$

—

 

 

$

0.0630

 

 

$

0.4008

 

Class E Common Shares

 

$

0.4638

 

 

$

—

 

 

$

—

 

 

$

0.4638

 

 

 

Three Months Ended September 30, 2025

 

 

 

Gross
Distribution

 

 

Shareholder
Servicing Fee

 

 

Management
Fee (1)

 

 

Net
Distribution

 

Class A Common Shares

 

$

0.4008

 

 

$

—

 

 

$

—

 

 

$

0.4008

 

Class F Common Shares

 

$

0.4008

 

 

$

—

 

 

$

—

 

 

$

0.4008

 

Class I Common Shares

 

$

0.4008

 

 

$

—

 

 

$

—

 

 

$

0.4008

 

Class E Common Shares

 

$

0.4008

 

 

$

—

 

 

$

—

 

 

$

0.4008

 

 

 

Nine Months Ended September 30, 2026

 

 

Gross
Distribution

 

 

Shareholder
Servicing Fee

 

 

Management
Fee (1)

 

 

Net
Distribution

 

Class A Common Shares

 

$

1.3914

 

 

$

—

 

 

$

0.1521

 

 

$

1.2393

 

Class F Common Shares

 

$

1.3914

 

 

$

—

 

 

$

0.1521

 

 

$

1.2393

 

Class I Common Shares

 

$

1.3914

 

 

$

—

 

 

$

0.1890

 

 

$

1.2024

 

Class E Common Shares

 

$

1.3914

 

 

$

—

 

 

$

—

 

 

$

1.3914

 

 

 

 

Nine Months Ended September 30, 2025

 

 

 

Gross
Distribution

 

 

Shareholder
Servicing Fee

 

 

Management
Fee (1)

 

 

Net
Distribution

 

Class A Common Shares

 

$

1.2015

 

 

$

—

 

 

$

—

 

 

$

1.2015

 

Class F Common Shares

 

$

1.2015

 

 

$

—

 

 

$

—

 

 

$

1.2015

 

Class I Common Shares

 

$

1.2015

 

 

$

—

 

 

$

—

 

 

$

1.2015

 

Class E Common Shares

 

$

1.2015

 

 

$

—

 

 

$

—

 

 

$

1.2015