Quarterly report pursuant to Section 13 or 15(d)

Net Assets (Tables)

v3.23.1
Net Assets (Tables)
 3 Months Ended
Mar. 31, 2023
Investment Company [Abstract]  
Investment Company, Changes in Net Assets
The following table summarizes transactions in common shares of beneficial interest during the three months ended March 31, 2023:
Shares Amount
CLASS I
Subscriptions 903,666  $ 21,893 
Share transfers between classes 675,921  16,465 
Distributions reinvested 352,176  8,526 
Share repurchases (377,320) (9,207)
Early repurchase deduction —  15 
Net increase (decrease) 1,554,443  $ 37,692 
CLASS D
Subscriptions 1,249,379  $ 30,400 
Share transfers between classes —  — 
Distributions reinvested 182,009  4,406 
Share repurchases —  — 
Early repurchase deduction —  8 
Net increase (decrease) 1,431,388  $ 34,814 
CLASS F
Subscriptions 4,126,357  $ 100,409 
Share transfers between classes (675,921) (16,465)
Distributions reinvested 1,012,997  24,524 
Share repurchases (681,306) (16,624)
Early repurchase deduction —  39 
Net increase (decrease) 3,782,127  $ 91,883 
Total net increase (decrease) 6,767,958  $ 164,389 
The following table summarizes transactions in common shares of beneficial interest during the three months ended March 31, 2022:
Shares Amount
CLASS I
Subscriptions 10,707,249  $ 268,044 
Share transfers between classes —  — 
Distributions reinvested 29,909  751 
Share repurchases —  — 
Early repurchase deduction —  — 
Net increase (decrease) 10,737,158  $ 268,795 
CLASS D
Subscriptions 4,699,275  $ 117,825 
Share transfers between classes —  — 
Distributions reinvested 2,158  54 
Share repurchases —  — 
Early repurchase deduction —  — 
Net increase (decrease) 4,701,433  $ 117,879 
CLASS F
Subscriptions 20,951,925  $ 524,684 
Share transfers between classes —  — 
Distributions reinvested 27,671  694 
Share repurchases —  — 
Early repurchase deduction —  — 
Net increase (decrease) 20,979,596  $ 525,378 
Total net increase (decrease) 36,418,187  $ 912,052 
Dividends Declared The following table presents distributions that were declared during the three months ended March 31, 2023:
Class I
Declaration Date Record Date Payment Date
Distribution Per Share(2)
Distribution Amount
January 19, 2023 January 31, 2023 February 28, 2023 $ 0.18100  $ 6,441 
February 28, 2023 February 28, 2023 March 31, 2023 0.19000  6,980 
March 28, 2023 March 31, 2023 April 28, 2023 0.20300  7,518 
Total $ 0.57400  $ 20,939 
Class D
Declaration Date Record Date Payment Date
Distribution Per Share(1)(2)
Distribution Amount
January 19, 2023 January 31, 2023 February 28, 2023 $ 0.17590  $ 3,173 
February 28, 2023 February 28, 2023 March 31, 2023 0.18530  3,351 
March 28, 2023 March 31, 2023 April 28, 2023 0.19780  3,752 
Total $ 0.55900  $ 10,276 
Class F
Declaration Date Record Date Payment Date
Distribution Per Share(1)(2)
Distribution Amount
January 19, 2023 January 31, 2023 February 28, 2023 $ 0.17090  $ 16,003 
February 28, 2023 February 28, 2023 March 31, 2023 0.18070  16,992 
March 28, 2023 March 31, 2023 April 28, 2023 0.19260  18,590 
Total $ 0.54420  $ 51,585 
(1) Distributions per share are net of shareholder servicing and/or distribution fees.
(2) Distributions per share include variable supplemental distributions of $0.021, $0.030, and $0.043 for January, February and March, respectively, for all share classes outstanding.


The following table presents distributions that were declared during the three months ended March 31, 2022:

Class I
Declaration Date Record Date Payment Date Distribution Per Share Distribution Amount
February 27, 2022 February 28, 2022 March 31, 2022 $ 0.13542  $ 958 
March 30, 2022 March 31, 2022 April 29, 2022 0.14640  1,572 
Total $ 0.28182  $ 2,530 

Class D
Declaration Date Record Date Payment Date Distribution Per Share Distribution Amount
February 27, 2022 February 28, 2022 March 31, 2022 $ 0.13542  $ 172 
March 30, 2022 March 31, 2022 April 29, 2022 0.14640  688 
Total $ 0.28182  $ 860 
Class F
Declaration Date Record Date Payment Date Distribution Per Share Distribution Amount
February 27, 2022 February 28, 2022 March 31, 2022 $ 0.13542  $ 1,638 
March 30, 2022 March 31, 2022 April 29, 2022 0.14640  3,072 
Total $ 0.28182  $ 4,710 
Schedule of Net Asset Value Per Share The following table summarizes each month-end NAV per share for Class S, Class I, Class D and Class F common shares of beneficial interest during the three months ended March 31, 2023 and 2022:
NAV Per Share
For the Months Ended
Class S(1)
Class I Class D Class F
January 31, 2023 $ —  $ 24.36  $ 24.36  $ 24.36 
February 28, 2023 $ —  $ 24.56  $ 24.56  $ 24.56 
March 31, 2023 $ —  $ 24.40  $ 24.40  $ 24.40 
(1) Class S has not commenced operations as of March 31, 2023.
NAV Per Share
For the Months Ended
Class S(1)
Class I Class D Class F
February 28, 2022 $ —  $ 25.10  $ 25.10  $ 25.10 
March 31, 2022 $ —  $ 25.09  $ 25.09  $ 25.09 
(1) Class S has not commenced operations as of March 31, 2022.
Summary of Cash Distribution For Declaration of Common Shares The following table reflects the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its Common Shares during the three months ended March 31, 2023:
Class I Class D Class F
Source of Distribution Per Share Amount Per Share Amount Per Share Amount
Net investment income $ 0.5740  $ 20,939  $ 0.5590  $ 10,276  $ 0.5442  $ 51,585 
Net realized gains —  —  —  —  —  — 
Total $ 0.5740  $ 20,939  $ 0.5590  $ 10,276  $ 0.5442  $ 51,585 
The following table reflects the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its shares of Common Shares during the three months ended March 31, 2022:
Class I Class D Class F
Source of Distribution Per Share Amount Per Share Amount Per Share Amount
Net investment income $ 0.2818  $ 2,530  $ 0.2818  $ 860  $ 0.2818  $ 4,710 
Net realized gains —  —  —  —  —  — 
Total $ 0.2818  $ 2,530  $ 0.2818  $ 860  $ 0.2818  $ 4,710 
Class of Treasury Stock
The following table summarizes the share repurchases completed during the three months ended March 31, 2023:
Repurchase Deadline Request
Percentage of Outstanding Shares the Company Offered to Repurchase(1)
Repurchase Pricing Date Amount Repurchased (all classes)(2) Number of Shares Repurchased (all classes)
Percentage of Outstanding Shares Purchased(1)
March 2, 2023 5.00  % March 31, 2023 $ 25,830  1,058,626  0.73  %
(1)Percentage is based on total shares as of the close of the previous calendar quarter. All repurchase requests were satisfied in full.
(2)Amounts not inclusive of Early Repurchase Deduction.