Quarterly report pursuant to Section 13 or 15(d)

Financial Highlights (Tables)

v3.23.1
Financial Highlights (Tables)
 3 Months Ended
Mar. 31, 2023
Investment Company [Abstract]  
Investment Company, Financial Highlights
The following are the financial highlights for the three months ended March 31, 2023:
Three Months Ended March 31, 2023
Class I Class D Class F
Per Share Data:
Net asset value, beginning of period $ 23.88  $ 23.88  $ 23.88 
Net investment income (1)
0.67  0.65  0.64 
Net unrealized and realized gain (loss) (2)
0.42  0.43  0.42 
Net increase (decrease) in net assets resulting from operations 1.09  1.08  1.06 
Distributions from net investment income (3)
(0.57) (0.56) (0.54)
Distributions from net realized gains (3)
—  —  — 
Net increase (decrease) in net assets from shareholders' distributions (0.57) (0.56) (0.54)
Early repurchase deduction fees (6)
—  —  — 
Total increase (decrease) in net assets 0.52  0.52  0.52 
Net asset value, end of period $ 24.40  $ 24.40  $ 24.40 
Shares outstanding, end of period 36,656,322 18,969,647 95,841,639
Total return based on NAV (4)
4.60  % 4.53  % 4.47  %
Ratios:
Ratio of net expenses to average net assets (5)
8.90  % 9.18  % 9.39  %
Ratio of net investment income to average net assets (5)
11.23  % 11.01  % 10.71  %
Portfolio turnover rate 1.77  % 1.77  % 1.77  %
Supplemental Data:
Net assets, end of period $ 894,448  $ 462,874  $ 2,338,568 
Asset coverage ratio 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 fee, if any.
(5)For the three months ended March 31, 2023, amounts are annualized except for non-recurring expenses.
(6)The per share amount rounds to less than $0.01 per share.

The following are the financial highlights for the three months ended March 31, 2022:

Three Months Ended March 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)
0.44  0.38  0.43 
Net unrealized and realized gain (loss) (2)
(0.07) (0.01) (0.06)
Net increase (decrease) in net assets resulting from operations 0.37  0.37  0.37 
Distributions from net investment income (3)
(0.28) (0.28) (0.28)
Distributions from net realized gains (3)
—  —  — 
Net increase (decrease) in net assets from shareholders' distributions (0.28) (0.28) (0.28)
Total increase (decrease) in net assets 0.09  0.09  0.09 
Net asset value, end of period $ 25.09  $ 25.09  $ 25.09 
Shares outstanding, end of period 10,737,258 4,701,433 20,979,596
Total return based on NAV (4)
1.49  % 1.49  % 1.49  %
Ratios:
Ratio of net expenses to average net assets (5)
5.54  % 3.23  % 5.14  %
Ratio of net investment income to average net assets (5)
11.13  % 9.66  % 10.87  %
Portfolio turnover rate 8.86  % 8.86  % 8.86  %
Supplemental Data:
Net assets, end of period $ 269,356  $ 117,937  $ 526,293 
Asset coverage ratio 487.7  % 487.7  % 487.7  %
(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 three months ended March 31, 2022, amounts are annualized except for non-recurring expenses. For the three months ended March 31, 2022, the ratio of total operating expenses to average net assets was 9.21%, 6.63% and 9.21% on Class I, Class D and Class F respectively, on an annualized basis, excluding the effect of expense support/(recoupment), distribution and shareholder servicing fees waiver, and management fee and income based incentive fee waivers by the Adviser which represented 3.67%, 3.40% and 4.08% on Class I, Class D and Class F, respectively, of average net assets.