v3.26.3
AGREEMENTS (Tables)
 9 Months Ended
Sep. 30, 2026
Investment Company [Abstract]  
Schedule of Base Management Fee, Income Based Incentive Fee and Capital Gains Incentive Fee
The base management fee, income based fee and capital gains incentive fee for the three and nine months ended September 30, 2026 and 2025 were as follows:

For the Three Months Ended September 30,For the Nine Months Ended September 30,
2026202520262025
Base management fee$32,522 $29,789 $99,308 $76,934 
Income based fee$37,334 $27,952 $106,978 $70,280 
Capital gains incentive fee(1)$— $5,588 $(19,145)$7,332 
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(1)Calculated in accordance with GAAP as discussed below.
Schedule of Shareholder Servicing and/or Distribution Fees The following table shows the shareholder servicing and/or distribution fees the Fund and, ultimately, certain classes of the Fund’s common shareholders, pay the Intermediary Manager with respect to Class S shares and Class D shares on an annualized basis as a percentage of the Fund’s NAV for such class. Subject to FINRA and other limitations on underwriting compensation, the Fund and, ultimately, certain classes of the Fund's shareholders, will pay a shareholder servicing and/or distribution fee equal to 0.85% per annum of the aggregate NAV for Class S shares and a shareholder servicing and/or distribution fee equal to 0.25% per annum of the aggregate NAV for Class D shares, in each case, payable monthly. No shareholder servicing and/or distribution fees are paid with respect to Class I shares.
Annual Shareholder Servicing and/or Distribution Fees as a % of NAV
Class S0.85 %
Class D0.25 %
Class I— %
The shareholder servicing and/or distribution fees that were attributable to Class S shares and Class D shares for the three and nine months ended September 30, 2026 and 2025 were as follows:

For the Three Months Ended September 30,For the Nine Months Ended September 30,
2026202520262025
Class S$2,851 $2,527 $8,446 $6,687 
Class D$528 $458 $1,579 $1,111 
Schedule of Expense Payments and Related Reimbursement Payments
The following table presents a summary of Expense Payments and the related Reimbursement Payments since the Fund’s commencement of operations:

For the Month EndedExpense Support from the AdviserBase Management Fee and Income Based Fee Waived Expense Support Reimbursed to the AdviserExpense Support No Longer Eligible for ReimbursementUnreimbursed Expense SupportRatio of Operating Expenses to Average Net Assets for the Period(1)Annualized Distribution per Share(2)Eligible for Reimbursement through
December 31, 2022$1,449 $(129)$(1,320)$— $— 3.83 %— 12/31/2025
January 31, 2023$1,088 $(398)$(690)$— $— 2.54 %— 01/31/2026
February 28, 2023$891 $(216)$(675)$— $— 2.09 %— 02/28/2026
March 31, 2023$916 $(144)$(772)$— $— 2.28 %— 03/31/2026
April 30, 2023$1,083 $(458)$(625)$— $— 1.76 %— 04/30/2026
May 31, 2023$1,312 $(569)$(743)$— $— 1.77 %— 05/31/2026
June 30, 2023$2,253 $(727)$(1,526)$— $— 1.94 %— 06/30/2026
July 31, 2023$2,502 $(1,132)$(1,370)$— $— 0.77 %— 07/31/2026
August 31, 2023$2,300 $— $(2,300)$— $— 0.98 %$2.3910 08/31/2026
September 30, 2023$1,636 $— $(1,636)$— $— 0.80 %$2.3910 09/30/2026
October 31, 2023$— $— $— $— $— 0.47 %$2.3910 10/31/2026
November 30, 2023$1,637 $— $(1,637)$— $— 0.53 %$2.5716 11/30/2026
December 31, 2023$1,144 $— $(1,144)$— $— 0.45 %$2.5716 12/31/2026
January 31, 2024$1,592 $— $(1,592)$— $— 0.55 %$2.5716 01/31/2027
February 29, 2024$2,183 $— $(2,183)$— $— 0.47 %$2.5716 02/28/2027
March 31, 2024$2,194 $— $(2,194)$— $— 0.76 %$2.5716 03/31/2027
April 30, 2024$3,066 $— $(3,066)$— $— 0.49 %$2.5716 04/30/2027
May 31, 2024$2,437 $— $(2,437)$— $— 0.45 %$2.5716 05/31/2027
June 30, 2024$3,170 $— $(3,170)$— $— 0.46 %$2.5716 06/30/2027
July 31, 2024$1,164 $— $(1,164)$— $— 0.32 %$2.5716 07/31/2027
August 31, 2024$4,291 $— $(4,291)$— $— 0.33 %$2.5716 08/31/2027
September 30, 2024$5,402 $— $(5,402)$— $— 0.36 %$2.5716 09/30/2027
October 31, 2024$3,598 $— $(3,598)$— $— 0.30 %$2.5716 10/31/2027
November 30, 2024$3,911 $— $(3,911)$— $— 0.36 %$2.5716 11/30/2027
December 31, 2024$3,736 $— $(3,736)$— $— 0.25 %$2.5716 12/31/2027
January 31, 2025$— $— $— $— $— 0.23 %$2.5716 01/31/2028
February 28, 2025$— $— $— $— $— 0.28 %$2.5716 02/29/2028
March 31, 2025$10,436 $— $(10,436)$— $— 0.29 %$2.5716 03/31/2028
April 30, 2025$9,348 $— $(9,348)$— $— 0.30 %$2.5716 04/30/2028
May 31, 2025$4,915 $— $(274)$— $4,641 0.27 %$2.5716 05/31/2028
June 30, 2025$5,853 $— $(5,853)$— $— 0.36 %$2.5716 06/30/2028
July 31, 2025$5,655 $— $— $— $5,655 0.26 %$2.5716 07/31/2028
August 31, 2025$— $— $— $— $— 0.24 %$2.5716 08/31/2028
For the Month EndedExpense Support from the AdviserBase Management Fee and Income Based Fee Waived Expense Support Reimbursed to the AdviserExpense Support No Longer Eligible for ReimbursementUnreimbursed Expense SupportRatio of Operating Expenses to Average Net Assets for the Period(1)Annualized Distribution per Share(2)Eligible for Reimbursement through
September 30, 2025$9,708 $— $— $— $9,708 0.26 %$2.5716 09/30/2028
October 31, 2025$— $— $— $— $— 0.23 %$2.5716 10/31/2028
November 30, 2025$— $— $— $— $— 0.24 %$2.5716 11/30/2028
December 31, 2025$— $— $— $— $— 0.34 %$2.5716 12/31/2028
January 31, 2026$— $— $— $— $— 0.27 %$2.5716 01/31/2029
February 28, 2026$— $— $— $— $— 0.33 %$2.5716 02/28/2029
March 31, 2026$— $— $— $— $— 0.32 %$2.5716 03/31/2029
April 30, 2026$— $— $— $— $— 0.29 %$2.5716 04/30/2029
May 31, 2026$8,633 $— $— $— $8,633 0.32 %$2.5716 05/31/2029
June 30, 2026$— $— $— $— $— 0.33 %$2.5716 06/30/2029
July 31, 2026$— $— $— $— $— 0.30 %$2.5716 07/31/2029
August 31, 2026$— $— $— $— $— 0.33 %$2.5716 08/31/2029
September 30, 2026$— $— $— $— $— 0.25 %$2.5716 09/30/2029
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(1)In accordance with the Expense Support and Conditional Reimbursement Agreement, the ratio of operating expenses excludes organization and offering expenses, interest and facility fees, any base management fee and any incentive fee.

(2)The annualized distribution per share is the annualized regular cash distributions per share, exclusive of returns of capital, distribution rate reductions due to distribution and shareholder servicing fees and special distributions, if any.