Quarterly report pursuant to Section 13 or 15(d)

Net Assets (Tables)

v3.24.2.u1
Net Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Investment Company [Abstract]  
Summary of Transactions in Common Shares
The following table summarizes transactions in common shares of beneficial interest during the three months ended June 30, 2024:
Shares Amount
CLASS I
Subscriptions 14,732,819  $ 374,949 
Share transfers between classes 43,845  1,115 
Distributions reinvested 521,941  13,283 
Share repurchases (893,929) (22,813)
Early repurchase deduction —  45 
Net increase (decrease) 14,404,676  $ 366,579 
CLASS D
Subscriptions 3,218,891  $ 81,825 
Share transfers between classes 533,674  13,549 
Distributions reinvested 404,831  10,301 
Share repurchases —  — 
Early repurchase deduction —  20 
Net increase (decrease) 4,157,396  $ 105,695 
CLASS F
Subscriptions 9,026,578  $ 229,852 
Share transfers between classes (577,519) (14,664)
Distributions reinvested 1,579,206  40,181 
Share repurchases (1,310,617) (33,447)
Early repurchase deduction —  86 
Net increase (decrease) 8,717,648  $ 222,008 
CLASS S
Subscriptions 4,036,044  $ 102,658 
Share transfers between classes —  — 
Distributions reinvested 73,156  1,863 
Share repurchases —  — 
Early repurchase deduction —  5 
Net increase (decrease) 4,109,200  $ 104,526 
Total net increase (decrease) 31,388,920  $ 798,808 
The following table summarizes transactions in common shares of beneficial interest during the six months ended June 30, 2024:
Shares Amount
CLASS I
Subscriptions 29,041,953  $ 735,047 
Share transfers between classes 97,008  2,448 
Distributions reinvested 1,060,060  26,809 
Share repurchases (2,203,517) (56,024)
Early repurchase deduction —  45 
Net increase (decrease) 27,995,504  $ 708,325 
CLASS D
Subscriptions 7,062,408  $ 178,322 
Share transfers between classes 650,405  16,476 
Distributions reinvested 841,001  21,265 
Share repurchases (416,320) (10,558)
Early repurchase deduction —  20 
Net increase (decrease) 8,137,494  $ 205,525 
CLASS F
Subscriptions 26,047,117  $ 657,909 
Share transfers between classes (804,344) (20,355)
Distributions reinvested 3,327,300  84,121 
Share repurchases (1,931,940) (49,204)
Early repurchase deduction —  86 
Net increase (decrease) 26,638,133  $ 672,557 
CLASS S
Subscriptions 7,947,966  $ 201,047 
Share transfers between classes 56,931  1,431 
Distributions reinvested 96,113  2,441 
Share repurchases —  — 
Early repurchase deduction —  5 
Net increase (decrease) 8,101,010  $ 204,924 
Total net increase (decrease) 70,872,141  $ 1,791,331 
The following table summarizes transactions in common shares of beneficial interest during the three months ended June 30, 2023:
Shares Amount
CLASS I
Subscriptions 1,585,743  $ 38,749 
Share transfers between classes —  — 
Distributions reinvested 330,161  8,064 
Share repurchases (168,582) (4,167)
Early repurchase deduction —  23 
Net increase (decrease) 1,747,322  $ 42,669 
CLASS D
Subscriptions 2,026,626  $ 49,495 
Share transfers between classes 223,376  5,462 
Distributions reinvested 205,700  5,024 
Share repurchases (1,015,260) (25,097)
Early repurchase deduction —  12 
Net increase (decrease) 1,440,442  $ 34,896 
CLASS F
Subscriptions 6,486,082  $ 158,441 
Share transfers between classes (223,376) (5,462)
Distributions reinvested 984,876  24,055 
Share repurchases (2,808,781) (69,433)
Early repurchase deduction —  62 
Net increase (decrease) 4,438,801  $ 107,663 
Total net increase (decrease) 7,626,565  $ 185,228 
The following table summarizes transactions in common shares of beneficial interest during the six months ended June 30, 2023:
Shares Amount
CLASS I
Subscriptions 2,489,409  $ 60,642 
Share transfers between classes 675,921  16,465 
Distributions reinvested 682,337  16,590 
Share repurchases (545,902) (13,374)
Early repurchase deduction —  38 
Net increase (decrease) 3,301,765  $ 80,361 
CLASS D
Subscriptions 3,276,005  $ 79,895 
Share transfers between classes 223,376  5,462 
Distributions reinvested 387,709  9,430 
Share repurchases (1,015,260) (25,097)
Early repurchase deduction —  20 
Net increase (decrease) 2,871,830  $ 69,710 
CLASS F
Subscriptions 10,612,439  $ 258,850 
Share transfers between classes (899,297) (21,927)
Distributions reinvested 1,997,873  48,579 
Share repurchases (3,490,087) (86,057)
Early repurchase deduction —  101 
Net increase (decrease) 8,220,928  $ 199,546 
Total net increase (decrease) 14,394,523  $ 349,617 
Schedule of Net Asset Value Per Share The following table summarizes each month-end NAV per share for Class I, Class D, Class F, and Class S common shares of beneficial interest during the six months ended June 30, 2024 and 2023:
NAV Per Share
For the Months Ended Class I Class D
Class F
 Class S
January 31, 2024 $ 25.14  $ 25.14  $ 25.14  $ 25.14 
February 29, 2024 $ 25.25  $ 25.25  $ 25.25  $ 25.25 
March 31, 2024 $ 25.36  $ 25.36  $ 25.36  $ 25.36 
April 30, 2024 $ 25.42  $ 25.42  $ 25.42  $ 25.42 
May 31, 2024 $ 25.55  $ 25.55  $ 25.55  $ 25.55 
June 30, 2024 $ 25.52  $ 25.52  $ 25.52  $ 25.52 
NAV Per Share
For the Months Ended Class I Class D
Class F
Class S(1)
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  $ — 
April 30, 2023 $ 24.42  $ 24.42  $ 24.42  $ — 
May 31, 2023 $ 24.45  $ 24.45  $ 24.45  $ — 
June 30, 2023 $ 24.72  $ 24.72  $ 24.72  $ — 
(1) Class S commenced operations on October 1, 2023.
Schedule of Distributions Declared The following table presents distributions that were declared during the six months ended June 30, 2024:
Class I
Declaration Date Payment Date Base Distribution Per Share Variable Supplemental Distribution Per Share Special Distribution Per Share Total Distribution Per Share Distribution Amount
January 30, 2024 February 29, 2024 $ 0.1600  $ 0.0550  $ —  $ 0.2150  $ 11,811 
February 29, 2024 March 29, 2024 0.1600 0.0550 —  0.2150  13,391 
March 26, 2024 April 30, 2024 0.1600 0.0550 —  0.2150  14,482 
April 25, 2024 May 31, 2024 0.1600 0.0550 —  0.2150  15,054 
May 31, 2024 June 28, 2024 0.1600 0.0550 —  0.2150  16,339 
June 26, 2024 July 31, 2024 0.1600 0.0550 —  0.2150  17,490 
Total $ 0.9600  $ 0.3300  $ —  $ 1.2900  $ 88,567 

Class D
Declaration Date Payment Date
Base Distribution Per Share (1)
Variable Supplemental Distribution Per Share Special Distribution Per Share Total Distribution Per Share Distribution Amount
January 30, 2024 February 29, 2024 $ 0.1547  $ 0.0550  $ —  $ 0.2097  $ 6,514 
February 29, 2024 March 29, 2024 0.1550 0.0550 —  0.2100  6,670 
March 26, 2024 April 30, 2024 0.1547 0.0550 —  0.2097  6,834 
April 25, 2024 May 31, 2024 0.1548 0.0550 —  0.2098  7,225 
May 31, 2024 June 28, 2024 0.1546 0.0550 —  0.2096  7,404 
June 26, 2024 July 31, 2024 0.1548 0.0550 —  0.2098  7,622 
Total $ 0.9286  $ 0.3300  $ —  $ 1.2586  $ 42,269 
Class F
Declaration Date Payment Date
Base Distribution Per Share (1)
Variable Supplemental Distribution Per Share Special Distribution Per Share Total Distribution Per Share Distribution Amount
January 30, 2024 February 29, 2024 $ 0.1494  $ 0.0550  $ —  $ 0.2044  $ 26,889 
February 29, 2024 March 29, 2024 0.1500 0.0550 —  0.2050  28,278 
March 26, 2024 April 30, 2024 0.1493 0.0550 —  0.2043  29,404 
April 25, 2024 May 31, 2024 0.1496 0.0550 —  0.2046  29,919 
May 31, 2024 June 28, 2024 0.1492 0.0550 —  0.2042  30,325 
June 26, 2024 July 31, 2024 0.1495 0.0550 —  0.2045  31,356 
Total $ 0.8970  $ 0.3300  $ —  $ 1.2270  $ 176,171 
Class S
Declaration Date Payment Date
Base Distribution Per Share (1)
Variable Supplemental Distribution Per Share Special Distribution Per Share Total Distribution Per Share Distribution Amount
January 30, 2024 February 29, 2024 $ 0.1420  $ 0.0550  $ —  $ 0.1970  $ 357 
February 29, 2024 March 29, 2024 0.1431 0.0550 —  0.1981  743 
March 26, 2024 April 30, 2024 0.1418 0.0550 —  0.1968  954 
April 25, 2024 May 31, 2024 0.1423 0.0550 —  0.1973  1,204 
May 31, 2024 June 28, 2024 0.1417 0.0550 —  0.1967  1,550 
June 26, 2024 July 31, 2024 0.1422 0.0550 —  0.1972  1,767 
Total $ 0.8531  $ 0.3300  $ —  $ 1.1831  $ 6,575 
(1) Distributions per share are net of shareholder servicing and/or distribution fees.



The following table presents distributions that were declared during the six months ended June 30, 2023:
Class I
Declaration Date Payment Date Base Distribution Per Share Variable Supplemental Distribution Per Share Special Distribution Per Share Total Distribution Per Share Distribution Amount
January 19, 2023 February 28, 2023 $ 0.1600  $ 0.0210  $ —  $ 0.1810  $ 6,441 
February 28, 2023 March 31, 2023 0.1600 0.0300 —  0.1900  6,980 
March 28, 2023 April 28, 2023 0.1600 0.0430 —  0.2030  7,518 
April 28, 2023 May 31, 2023 0.1600 0.0440 —  0.2040  7,561 
May 26, 2023 June 30, 2023 0.1600 0.0450 —  0.2050  7,668 
June 28, 2023 July 31, 2023 0.1600 0.0450 —  0.2050  7,907 
Total $ 0.9600  $ 0.2280  $ —  $ 1.1880  $ 44,075 

Class D
Declaration Date Payment Date
Base Distribution Per Share (1)
Variable Supplemental Distribution Per Share Special Distribution Per Share Total Distribution Per Share Distribution Amount
January 19, 2023 February 28, 2023 $ 0.1549  $ 0.0210  $ —  $ 0.1759  $ 3,173 
February 28, 2023 March 31, 2023 0.1553 0.0300 —  0.1853  3,351 
March 28, 2023 April 28, 2023 0.1548 0.0430 —  0.1978  3,752 
April 28, 2023 May 31, 2023 0.1550 0.0440 —  0.1990  3,951 
May 26, 2023 June 30, 2023 0.1548 0.0450 —  0.1998  4,081 
June 28, 2023 July 31, 2023 0.1550 0.0450 —  0.2000  4,285 
Total $ 0.9298  $ 0.2280  $ —  $ 1.1578  $ 22,593 
Class F
Declaration Date Payment Date
Base Distribution Per Share (1)
Variable Supplemental Distribution Per Share Special Distribution Per Share Total Distribution Per Share Distribution Amount
January 19, 2023 February 28, 2023 $ 0.1499  $ 0.0210  $ —  $ 0.1709  $ 16,003 
February 28, 2023 March 31, 2023 0.1507 0.0300 —  0.1807  16,992 
March 28, 2023 April 28, 2023 0.1496 0.0430 —  0.1926  18,590 
April 28, 2023 May 31, 2023 0.1500 0.0440 —  0.1940  18,948 
May 26, 2023 June 30, 2023 0.1496 0.0450 —  0.1946  19,516 
June 28, 2023 July 31, 2023 0.1500 0.0450 —  0.1950  20,103 
Total $ 0.8998  $ 0.2280  $ —  $ 1.1278  $ 110,152 
(1)Distributions per share are net of shareholder servicing and/or distribution fees.
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 six months ended June 30, 2024:
Class I Class D Class F Class S
Source of Distribution Per Share Amount Per Share Amount Per Share Amount Per Share Amount
Net investment income $ 1.2900  $ 88,567  $ 1.2586  $ 42,269  $ 1.2270  $ 176,171  $ 1.1831  $ 6,575 
Net realized gains —  —  —  —  —  —  —  — 
Total $ 1.2900  $ 88,567  $ 1.2586  $ 42,269  $ 1.2270  $ 176,171  $ 1.1831  $ 6,575 
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 six months ended June 30, 2023:
Class I Class D Class F
Source of Distribution Per Share Amount Per Share Amount Per Share Amount
Net investment income $ 1.1880  $ 44,075  $ 1.1578  $ 22,593  $ 1.1278  $ 110,152 
Net realized gains —  —  —  —  —  — 
Total $ 1.1880  $ 44,075  $ 1.1578  $ 22,593  $ 1.1278  $ 110,152 
Summary of Shares Repurchases
The following table summarizes the share repurchases completed during the six months ended June 30, 2024:

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 1, 2024 5.00  % March 31, 2024 $ 59,526  2,347,231  1.13  %
May 30, 2024 5.00  % June 30, 2024 $ 56,260  2,204,546  0.89  %


The following table summarizes the share repurchases completed during the six months ended June 30, 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 $ 25,836  1,058,869  0.73  %
May 30, 2023 5.00  % June 30, 2023 $ 98,692  3,992,380  2.64  %
(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.