v3.26.3
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Investments at fair value (cost at September 30, 2026 of $309,469; $1,669,104; $1,978,573, respectively and at December 31, 2025 of $300,563; $1,254,976; $1,555,539, respectively) $ 2,001,134 $ 1,577,705
Derivative assets, at fair value (cost at September 30, 2026 of $6,483; $34,963; $41,446, respectively and at December 31, 2025 of $8,771; $35,278; $44,049, respectively) 46,882 46,042
Cash and cash equivalents 165,426 86,181
Due from Operating Manager 12,735 12,827
Interest receivable 25,288 22,410
Deferred offering expenses 1,758 2,146
Capital subscriptions receivable [1] 0 11,238
Dividends receivable 7,786 9,459
Receivable for investments sold 130,004 86,539
Prepaid expenses and other assets 133,158 32,647
Total assets 2,524,171 1,887,194
Liabilities    
Derivative liabilities, at fair value (cost at September 30, 2026 of $98 ; $530 ; $628 , respectively and at December 31, 2025 of ($5); ($17); ($22), respectively) 17,253 4,986
Repurchase agreements 148,503 171,438
Notes payable 1,942 2,066
Payable for investments purchased 238,041 8,362
Due to Operating Manager 14,410 14,333
Distribution Payable 10,153 8,892
Interest payable 14,290 15,642
Performance fees payable 0 5,824
Management fees payable 1,524 2,298
Capital repurchases payable [1] 0 11,238
Accrued shareholder servicing fees and distribution fees payable 13,133 0
Other accrued expenses and liabilities 82,015 30,005
Total liabilities 541,264 275,084
Commitments and contingencies (Note 8)
Net assets    
Total net assets 1,982,907 1,612,110
A-I Shares    
Net assets    
Total net assets $ 115,971 $ 115,377
Shares outstanding 4,643,837 4,521,154
Net asset value per share $ 24.97 $ 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 $ 214,691 $ 168,362
Shares outstanding 8,425,231 6,468,338
Net asset value per share $ 25.48 $ 26.03
E Shares    
Net assets    
Total net assets $ 55,620 $ 55,350
Shares outstanding 2,257,675 2,188,246
Net asset value per share $ 24.64 $ 25.29
F-I Shares    
Net assets    
Total net assets $ 554,783 $ 530,859
Shares outstanding 22,050,070 20,654,241
Net asset value per share $ 25.16 $ 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 $ 71 $ 73
Shares outstanding 2,957 2,840
Net asset value per share $ 24.01 $ 25.68
I Shares    
Net assets    
Total net assets $ 382,365 $ 171,930
Shares outstanding 15,034,955 6,618,128
Net asset value per share $ 25.43 $ 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 $ 2,014 $ 1,383
Shares outstanding 79,327 52,765
Net asset value per share $ 25.39 $ 26.2
P-S Shares    
Net assets    
Total net assets $ 227,138 $ 173,669
Shares outstanding 9,100,409 6,723,462
Net asset value per share $ 24.96 $ 25.83
S Shares    
Net assets    
Total net assets $ 1,047 $ 6
Shares outstanding 41,154 220
Net asset value per share $ 25.45 $ 25.87
T-I Shares    
Net assets    
Total net assets $ 198,177 $ 183,283
Shares outstanding 7,779,666 7,059,078
Net asset value per share $ 25.47 $ 25.96
T-S Shares    
Net assets    
Total net assets $ 231,028 $ 211,816
Shares outstanding 9,531,097 8,194,415
Net asset value per share $ 24.24 $ 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 September 30, 2026 of $309,469; $1,669,104; $1,978,573, respectively and at December 31, 2025 of $300,563; $1,254,976; $1,555,539, respectively) $ 312,998 $ 305,789
Derivative assets, at fair value (cost at September 30, 2026 of $6,483; $34,963; $41,446, respectively and at December 31, 2025 of $8,771; $35,278; $44,049, respectively) 7,333 8,924
Cash and cash equivalents 26,481 24,031
Due from Operating Manager 1,992 2,486
Interest receivable 3,969 2,740
Deferred offering expenses 275 416
Capital subscriptions receivable [1] 0 0
Dividends receivable 1,218 1,833
Receivable for investments sold 56,372 16,773
Prepaid expenses and other assets 20,014 18,759
Total assets 430,652 381,751
Liabilities    
Derivative liabilities, at fair value (cost at September 30, 2026 of $98 ; $530 ; $628 , respectively and at December 31, 2025 of ($5); ($17); ($22), respectively) 2,699 966
Repurchase agreements 23,227 33,228
Notes payable 971 995
Payable for investments purchased 63,758 1,621
Due to Operating Manager 2,513 2,778
Distribution Payable 1,199 1,597
Interest payable 2,237 1,426
Performance fees payable 0 1,339
Management fees payable 238 469
Capital repurchases payable [1] 0 11,238
Accrued shareholder servicing fees and distribution fees payable 3,254 0
Other accrued expenses and liabilities 21,661 14,169
Total liabilities 121,757 69,826
Net assets    
Total net assets 308,895 311,925
Series I | A-I Shares    
Net assets    
Total net assets $ 39,400 $ 42,199
Shares outstanding 1,577,651 1,659,560
Net asset value per share $ 24.97 $ 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 $ 159 $ 155
Shares outstanding 6,276 6,005
Net asset value per share $ 25.3 $ 25.78
Series I | F-I Shares    
Net assets    
Total net assets $ 114,658 $ 123,525
Shares outstanding 4,562,401 4,831,239
Net asset value per share $ 25.13 $ 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 $ 25.32 $ 25.63
Series I | I Shares    
Net assets    
Total net assets $ 26,323 $ 5,265
Shares outstanding 1,041,469 204,643
Net asset value per share $ 25.28 $ 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 $ 571 $ 3
Shares outstanding 23,074 110
Net asset value per share $ 24.75 $ 25.2
Series I | P-S Shares    
Net assets    
Total net assets $ 8,966 $ 4,625
Shares outstanding 367,351 183,629
Net asset value per share $ 24.41 $ 25.19
Series I | S Shares    
Net assets    
Total net assets $ 362 $ 3
Shares outstanding 14,251 110
Net asset value per share $ 25.39 $ 25.75
Series I | T-I Shares    
Net assets    
Total net assets $ 47,709 $ 67,614
Shares outstanding 1,882,513 2,621,481
Net asset value per share $ 25.34 $ 25.79
Series I | T-S Shares    
Net assets    
Total net assets $ 70,743 $ 68,532
Shares outstanding 2,925,120 2,662,824
Net asset value per share $ 24.18 $ 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 September 30, 2026 of $309,469; $1,669,104; $1,978,573, respectively and at December 31, 2025 of $300,563; $1,254,976; $1,555,539, respectively) $ 1,688,136 $ 1,271,916
Derivative assets, at fair value (cost at September 30, 2026 of $6,483; $34,963; $41,446, respectively and at December 31, 2025 of $8,771; $35,278; $44,049, respectively) 39,549 37,118
Cash and cash equivalents 138,945 62,150
Due from Operating Manager 10,743 10,341
Interest receivable 21,319 19,670
Deferred offering expenses 1,483 1,730
Capital subscriptions receivable [1] 0 11,238
Dividends receivable 6,568 7,626
Receivable for investments sold 73,632 69,766
Prepaid expenses and other assets 113,144 13,888
Total assets 2,093,519 1,505,443
Liabilities    
Derivative liabilities, at fair value (cost at September 30, 2026 of $98 ; $530 ; $628 , respectively and at December 31, 2025 of ($5); ($17); ($22), respectively) 14,554 4,020
Repurchase agreements 125,276 138,210
Notes payable 971 1,071
Payable for investments purchased 174,283 6,741
Due to Operating Manager 11,897 11,555
Distribution Payable 8,954 7,295
Interest payable 12,053 14,216
Performance fees payable 0 4,485
Management fees payable 1,286 1,829
Capital repurchases payable [1] 0 0
Accrued shareholder servicing fees and distribution fees payable 9,879 0
Other accrued expenses and liabilities 60,354 15,836
Total liabilities 419,507 205,258
Net assets    
Total net assets 1,674,012 1,300,185
Series II | A-I Shares    
Net assets    
Total net assets $ 76,571 $ 73,178
Shares outstanding 3,066,186 2,861,594
Net asset value per share $ 24.97 $ 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 $ 214,691 $ 168,362
Shares outstanding 8,425,231 6,468,338
Net asset value per share $ 25.48 $ 26.03
Series II | E Shares    
Net assets    
Total net assets $ 55,461 $ 55,195
Shares outstanding 2,251,399 2,182,241
Net asset value per share $ 24.63 $ 25.29
Series II | F-I Shares    
Net assets    
Total net assets $ 440,125 $ 407,334
Shares outstanding 17,487,669 15,823,002
Net asset value per share $ 25.17 $ 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 $ 68 $ 70
Shares outstanding 2,847 2,730
Net asset value per share $ 24.04 $ 25.69
Series II | I Shares    
Net assets    
Total net assets $ 356,042 $ 166,665
Shares outstanding 13,993,486 6,413,485
Net asset value per share $ 25.44 $ 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 $ 1,443 $ 1,380
Shares outstanding 56,253 52,655
Net asset value per share $ 25.66 $ 26.2
Series II | P-S Shares    
Net assets    
Total net assets $ 218,172 $ 169,044
Shares outstanding 8,733,058 6,539,833
Net asset value per share $ 24.98 $ 25.85
Series II | S Shares    
Net assets    
Total net assets $ 685 $ 3
Shares outstanding 26,903 110
Net asset value per share $ 25.48 $ 25.98
Series II | T-I Shares    
Net assets    
Total net assets $ 150,468 $ 115,669
Shares outstanding 5,897,153 4,437,597
Net asset value per share $ 25.52 $ 26.07
Series II | T-S Shares    
Net assets    
Total net assets $ 160,285 $ 143,284
Shares outstanding 6,605,977 5,531,591
Net asset value per share $ 24.26 $ 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.