Annual report pursuant to Section 13 and 15(d)

Financial Highlights (Tables)

v3.24.1
Financial Highlights (Tables)
 12 Months Ended
Dec. 31, 2023
Investment Company [Abstract]  
Investment Company, Financial Highlights
The following are the financial highlights for the year ended December 31, 2023:
Year Ended December 31, 2023
Class I
Class D
 Class F
Class S(7)
Per Share Data:
Net asset value, beginning of period $ 23.88  $ 23.88  $ 23.88  $ 25.11 
Net investment income (1)
2.86  2.80  2.74  0.63 
Net unrealized and realized gain (loss) (2)
1.09  1.09  1.08  0.06 
Net increase (decrease) in net assets resulting from operations 3.95  3.89  3.82  0.69 
Distributions from net investment income (3)
(2.77) (2.71) (2.64) (0.74)
Distributions from net realized gains (3)
—  —  —  — 
Net increase (decrease) in net assets from shareholders' distributions (2.77) (2.71) (2.64) (0.74)
Early repurchase deduction fees (6)
—  —  —  — 
Total increase (decrease) in net assets 1.18  1.18  1.18  (0.05)
Net asset value, end of period $ 25.06  $ 25.06  $ 25.06  $ 25.06 
Shares outstanding, end of period 52,457,511 28,192,719 125,381,461 857,879
Total return based on NAV (4)
17.28  % 16.99  % 16.70  % 2.78  %
Ratios:
Ratio of net expenses to average net assets (5)
9.68  % 10.02  % 10.18  % 10.68  %
Ratio of net investment income to average net assets (5)
11.73  % 11.57  % 11.24  % 10.20  %
Portfolio turnover rate 9.31  % 9.31  % 9.31  % 9.31  %
Supplemental Data:
Net assets, end of period $ 1,314,775  $ 706,613  $ 3,142,475  $ 21,501 
Asset coverage ratio 223.2  % 223.2  % 223.2  % 223.2  %
(1)The per share data was derived by using the weighted average shares outstanding during the period.
(2)The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions.
(3)The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9).
(4)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming distributions are reinvested in accordance with the Company's distribution reinvestment plan) divided by the beginning NAV per share. Total return does not include upfront transaction fees, if any.
(5)For the year ended December 31, 2023, amounts are annualized except for excise tax, and capital gains incentive fee.
(6)The per share amount rounds to less than $0.01 per share.
(7)Class S Shares commenced operations on October 1, 2023.

The following are the financial highlights for the year ended December 31, 2022:
Year Ended December 31, 2022
Class I
Class D
 Class F
Per Share Data:
Net asset value, beginning of period $ 25.00  $ 25.00  $ 25.00 
Net investment income (1)
2.21  2.19  2.20 
Net unrealized and realized gain (loss) (2)
(1.50) (1.49) (1.51)
Net increase (decrease) in net assets resulting from operations 0.71  0.70  0.69 
Distributions from net investment income (3)
(1.83) (1.82) (1.81)
Distributions from net realized gains (3)
—  —  — 
Net increase (decrease) in net assets from shareholders' distributions (1.83) (1.82) (1.81)
Total increase (decrease) in net assets (1.12) (1.12) (1.12)
Net asset value, end of period $ 23.88  $ 23.88  $ 23.88 
Shares outstanding, end of period 35,101,879 17,538,259 92,059,512
Total return based on NAV (4)
2.93  % 2.89  % 2.85  %
Ratios:
Ratio of net expenses to average net assets (5)
3.11  % 3.09  % 3.28  %
Ratio of net investment income to average net assets (5)
9.95  % 9.88  % 9.91  %
Portfolio turnover rate 6.82  % 6.82  % 6.82  %
Supplemental Data:
Net assets, end of period $ 838,207  $ 418,798  $ 2,198,267 
Asset coverage ratio 247.4  % 247.4  % 247.4  %
(1)The per share data was derived by using the weighted average shares outstanding during the period.
(2)The amount shown does not correspond with the aggregate amount for the period as it includes the effect of the timing of capital transactions.
(3)The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9).
(4)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming distributions are reinvested in accordance with the Company's distribution reinvestment plan) divided by the beginning NAV per share. Total return does not include upfront transaction fee, if any.
(5)For the year ended December 31, 2022, amounts are annualized except for non-recurring expenses. For the year ended December 31, 2022, the ratio of total operating expenses to average net assets was 5.42%, 5.55% and 5.93% on Class I, Class D and Class F, respectively, on an annualized basis, excluding the effect of expense support/(recoupment), distribution and/or shareholder servicing fees waiver, and management fee and income based incentive fee waivers by the Adviser which represented 2.30%, 2.46% and 2.66% on Class I, Class D and Class F, respectively, of average net assets.