Quarterly report pursuant to Section 13 or 15(d)

Net Assets (Tables)

v3.24.3
Net Assets (Tables)
 9 Months Ended
Sep. 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 September 30, 2024:
Shares Amount
CLASS I
Subscriptions 9,657,377  $ 246,413 
Share transfers between classes 98,267  2,513 
Distributions reinvested 619,207  15,805 
Share repurchases (605,984) (15,489)
Early repurchase deduction —  (44)
Net increase (decrease) 9,768,867  $ 249,198 
CLASS D
Subscriptions 5,278,810  $ 134,820 
Share transfers between classes (72,175) (1,846)
Distributions reinvested 456,733  11,658 
Share repurchases (117,463) (3,002)
Early repurchase deduction —  (20)
Net increase (decrease) 5,545,905  $ 141,610 
CLASS F
Subscriptions 11,307,936  $ 288,584 
Share transfers between classes (20,000) (512)
Distributions reinvested 1,673,756  42,721 
Share repurchases (1,043,540) (26,673)
Early repurchase deduction —  (83)
Net increase (decrease) 11,918,152  $ 304,037 
CLASS S
Subscriptions 3,444,921  $ 87,965 
Share transfers between classes (6,092) (155)
Distributions reinvested 110,794  2,828 
Share repurchases —  — 
Early repurchase deduction —  (5)
Net increase (decrease) 3,549,623  $ 90,633 
Total net increase (decrease) 30,782,547  $ 785,478 
The following table summarizes transactions in common shares of beneficial interest during the nine months ended September 30, 2024:
Shares Amount
CLASS I
Subscriptions 38,699,330  $ 981,460 
Share transfers between classes 195,275  4,961 
Distributions reinvested 1,679,267  42,614 
Share repurchases (2,809,501) (71,513)
Early repurchase deduction —  1 
Net increase (decrease) 37,764,371  $ 957,523 
CLASS D
Subscriptions 12,341,218  $ 313,142 
Share transfers between classes 578,230  14,630 
Distributions reinvested 1,297,734  32,923 
Share repurchases (533,783) (13,561)
Early repurchase deduction —  1 
Net increase (decrease) 13,683,399  $ 347,135 
CLASS F
Subscriptions 37,355,053  $ 946,493 
Share transfers between classes (824,344) (20,867)
Distributions reinvested 5,001,056  126,842 
Share repurchases (2,975,480) (75,876)
Early repurchase deduction —  2 
Net increase (decrease) 38,556,285  $ 976,594 
CLASS S
Subscriptions 11,392,887  $ 289,012 
Share transfers between classes 50,839  1,276 
Distributions reinvested 206,907  5,269 
Share repurchases —  — 
Early repurchase deduction —  — 
Net increase (decrease) 11,650,633  $ 295,557 
Total net increase (decrease) 101,654,688  $ 2,576,809 
The following table summarizes transactions in common shares of beneficial interest during the three months ended September 30, 2023:
Shares Amount
CLASS I
Subscriptions 5,702,297  $ 141,658 
Share transfers between classes —  — 
Distributions reinvested 439,090  10,905 
Share repurchases (269,421) (6,765)
Early repurchase deduction —  — 
Net increase (decrease) 5,871,966  $ 145,798 
CLASS D
Subscriptions 5,195,643  $ 128,993 
Share transfers between classes —  — 
Distributions reinvested 317,143  7,878 
Share repurchases —  — 
Early repurchase deduction —  — 
Net increase (decrease) 5,512,786  $ 136,871 
CLASS F
Subscriptions 11,715,030  $ 290,922 
Share transfers between classes —  — 
Distributions reinvested 1,335,609  33,172 
Share repurchases (1,117,687) (28,065)
Early repurchase deduction —  — 
Net increase (decrease) 11,932,952  $ 296,029 
Total net increase (decrease) 23,317,704  $ 578,698 
The following table summarizes transactions in common shares of beneficial interest during the nine months ended September 30, 2023:
Shares Amount
CLASS I
Subscriptions 8,191,706  $ 202,300 
Share transfers between classes 675,921  16,465 
Distributions reinvested 1,121,427  27,495 
Share repurchases (815,323) (20,139)
Early repurchase deduction —  38 
Net increase (decrease) 9,173,731  $ 226,159 
CLASS D
Subscriptions 8,471,648  $ 208,888 
Share transfers between classes 223,376  5,462 
Distributions reinvested 704,852  17,308 
Share repurchases (1,015,260) (25,097)
Early repurchase deduction —  20 
Net increase (decrease) 8,384,616  $ 206,581 
CLASS F
Subscriptions 22,327,469  $ 549,772 
Share transfers between classes (899,297) (21,927)
Distributions reinvested 3,333,482  81,751 
Share repurchases (4,607,774) (114,122)
Early repurchase deduction —  101 
Net increase (decrease) 20,153,880  $ 495,575 
Total net increase (decrease) 37,712,227  $ 928,315 
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 nine months ended September 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 
July 31, 2024 $ 25.48  $ 25.48  $ 25.48  $ 25.48 
August 31, 2024 $ 25.57  $ 25.57  $ 25.57  $ 25.57 
September 30, 2024 $ 25.56  $ 25.56  $ 25.56  $ 25.56 
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  $ — 
July 31, 2023 $ 24.87  $ 24.87  $ 24.87  $ — 
August 31, 2023 $ 24.88  $ 24.88  $ 24.88  $ — 
September 30, 2023 $ 25.11  $ 25.11  $ 25.11  $ — 
(1) Class S commenced operations on October 1, 2023.
Schedule of Distributions Declared The following table presents distributions that were declared during the nine months ended September 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 
July 26, 2024 August 30, 2024 0.1600 0.0550 —  0.2150  18,130 
August 27, 2024 September 30, 2024 0.1600 0.0550 —  0.2150  18,993 
September 26, 2024 October 31, 2024 0.1600 0.0550 —  0.2150  19,529 
Total $ 1.4400  $ 0.4950  $ —  $ 1.9350  $ 145,219 

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 
July 26, 2024 August 30, 2024 0.1546 0.0550 —  0.2096  8,144 
August 27, 2024 September 30, 2024 0.1546 0.0550 —  0.2096  8,270 
September 26, 2024 October 31, 2024 0.1548 0.0550 —  0.2098  8,810 
Total $ 1.3926  $ 0.4950  $ —  $ 1.8876  $ 67,493 
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 
July 26, 2024 August 30, 2024 0.1492 0.0550 —  0.2042  31,763 
August 27, 2024 September 30, 2024 0.1492 0.0550 —  0.2042  32,810 
September 26, 2024 October 31, 2024 0.1495 0.0550 —  0.2045  33,739 
Total $ 1.3449  $ 0.4950  $ —  $ 1.8399  $ 274,483 
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 
July 26, 2024 August 30, 2024 0.1416 0.0550 —  0.1966  1,954 
August 27, 2024 September 30, 2024 0.1417 0.0550 —  0.1967  2,126 
September 26, 2024 October 31, 2024 0.1422 0.0550 —  0.1972  2,467 
Total $ 1.2786  $ 0.4950  $ —  $ 1.7736  $ 13,122 
(1) Distributions per share are net of shareholder servicing and/or distribution fees.



The following table presents distributions that were declared during the nine months ended September 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 
July 31, 2023 August 31, 2023 0.1600 0.0450 —  0.2050  8,119 
August 31, 2023 September 29, 2023 0.1600 0.0550 0.1500  0.3650  16,009 
September 27, 2023 October 31, 2023 0.1600 0.0550 —  0.2150  9,577 
Total $ 1.4400  $ 0.3830  $ 0.1500  $ 1.9730  $ 77,780 
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 
July 31, 2023 August 31, 2023 0.1548 0.0450 —  0.1998  4,426 
August 31, 2023 September 29, 2023 0.1547 0.0550 0.1500  0.3597  8,319 
September 27, 2023 October 31, 2023 0.1549 0.0550 —  0.2099  5,441 
Total $ 1.3942  $ 0.3830  $ 0.1500  $ 1.9272  $ 40,779 

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 
July 31, 2023 August 31, 2023 0.1495 0.0450 —  0.1945  20,194 
August 31, 2023 September 29, 2023 0.1494 0.0550 0.1500  0.3544  38,128 
September 27, 2023 October 31, 2023 0.1498 0.0550 —  0.2048  23,210 
Total $ 1.3485  $ 0.3830  $ 0.1500  $ 1.8815  $ 191,684 
(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 nine months ended September 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 $ 1.9350  $ 145,219  $ 1.8876  $ 67,493  $ 1.8399  $ 274,483  $ 1.7736  $ 13,122 
Net realized gains —  —  —  —  —  —  —  — 
Total $ 1.9350  $ 145,219  $ 1.8876  $ 67,493  $ 1.8399  $ 274,483  $ 1.7736  $ 13,122 
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 nine months ended September 30, 2023:
Class I Class D Class F
Source of Distribution Per Share Amount Per Share Amount Per Share Amount
Net investment income $ 1.9730  $ 77,780  $ 1.9272  $ 40,779  $ 1.8815  $ 191,684 
Net realized gains —  —  —  —  —  — 
Total $ 1.9730  $ 77,780  $ 1.9272  $ 40,779  $ 1.8815  $ 191,684 
Summary of Shares Repurchases
The following table summarizes the share repurchases completed during the nine months ended September 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  %
August 29, 2024 5.00  % September 30, 2024 $ 45,164  1,766,987  0.64  %
The following table summarizes the share repurchases completed during the nine months ended September 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  %
August 31, 2023 5.00  % September 30, 2023 $ 34,830  1,387,108  0.87  %
(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.