Quarterly report pursuant to Section 13 or 15(d)

Net Assets (Tables)

v3.23.3
Net Assets (Tables)
 9 Months Ended
Sep. 30, 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 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 
The following table summarizes transactions in common shares of beneficial interest during the three months ended September 30, 2022:
Shares Amount
CLASS I
Subscriptions 9,330,513  $ 228,310 
Share transfers between classes —  — 
Distributions reinvested 178,923  4,374 
Share repurchases —  — 
Early repurchase deduction —  5 
Net increase (decrease) 9,509,436  $ 232,689 
CLASS D
Subscriptions 5,753,381  $ 140,800 
Share transfers between classes —  — 
Distributions reinvested 74,382  1,818 
Share repurchases —  — 
Early repurchase deduction —  3 
Net increase (decrease) 5,827,763  $ 142,621 
CLASS F
Subscriptions 26,543,445  $ 649,059 
Share transfers between classes —  — 
Distributions reinvested 478,419  11,694 
Share repurchases (38,736) (938)
Early repurchase deduction —  11 
Net increase (decrease) 26,983,128  $ 659,826 
Total net increase (decrease) 42,320,327  $ 1,035,136 
The following table summarizes transactions in common shares of beneficial interest during the nine months ended September 30, 2022:
Shares Amount
CLASS I
Subscriptions 31,651,791  $ 786,207 
Share transfers between classes —  — 
Distributions reinvested 339,589  8,375 
Share repurchases —  — 
Early repurchase deduction —  10 
Net increase (decrease) 31,991,380  $ 794,592 
CLASS D
Subscriptions 15,913,478  $ 394,775 
Share transfers between classes —  — 
Distributions reinvested 113,781  2,797 
Share repurchases —  — 
Early repurchase deduction —  5 
Net increase (decrease) 16,027,259  $ 397,577 
CLASS F
Subscriptions 81,923,845  $ 2,030,490 
Share transfers between classes —  — 
Distributions reinvested 746,035  18,360 
Share repurchases (79,854) (1,938)
Early repurchase deduction —  24 
Net increase (decrease) 82,590,026  $ 2,046,936 
Total net increase (decrease) 130,608,665  $ 3,239,105 
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 nine months ended September 30, 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 
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 has not commenced operations as of September 30, 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 
April 30, 2022 $ —  $ 24.94  $ 24.94  $ 24.94 
May 31, 2022 $ —  $ 24.61  $ 24.61  $ 24.61 
June 30, 2022 $ —  $ 24.32  $ 24.32  $ 24.32 
July 31, 2022 $ —  $ 24.48  $ 24.48  $ 24.48 
August 31, 2022 $ —  $ 24.51  $ 24.51  $ 24.51 
September 30, 2022 $ —  $ 24.21  $ 24.21  $ 24.21 
(1) Class S has not commenced operations as of September 30, 2022.
Dividends Declared 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 Distribution Amount
January 19, 2023 February 28, 2023 $ 0.1600  $ 0.0210  $ —  $ 6,441 
February 28, 2023 March 31, 2023 0.1600  0.0300  —  6,980 
March 28, 2023 April 28, 2023 0.1600  0.0430  —  7,518 
April 28, 2023 May 31, 2023 0.1600  0.0440  —  7,561 
May 26, 2023 June 30, 2023 0.1600  0.0450  —  7,668 
June 28, 2023 July 31, 2023 0.1600  0.0450  —  7,907 
July 31, 2023 August 31, 2023 0.1600  0.0450  —  8,119 
August 31, 2023 September 29, 2023 0.1600  0.0550  0.1500  16,009 
September 27, 2023 October 31, 2023 0.1600  0.0550  —  9,577 
Total $ 1.4400  $ 0.3830  $ 0.1500  $ 77,780 

Class D
Declaration Date Payment Date
Base Distribution Per Share(1)
Variable Supplemental Distribution Per Share Special Distribution Per Share Distribution Amount
January 19, 2023 February 28, 2023 $ 0.1549  $ 0.0210  $ —  $ 3,173 
February 28, 2023 March 31, 2023 0.1553  0.0300  —  3,351 
March 28, 2023 April 28, 2023 0.1548  0.0430  —  3,752 
April 28, 2023 May 31, 2023 0.1550  0.0440  —  3,951 
May 26, 2023 June 30, 2023 0.1548  0.0450  —  4,081 
June 28, 2023 July 31, 2023 0.1550  0.0450  —  4,285 
July 31, 2023 August 31, 2023 0.1548  0.0450  —  4,426 
August 31, 2023 September 29, 2023 0.1547  0.0550  0.1500  8,319 
September 27, 2023 October 31, 2023 0.1549  0.0550  —  5,441 
Total $ 1.3942  $ 0.3830  $ 0.1500  $ 40,779 
Class F
Declaration Date Payment Date
Base Distribution Per Share(1)
Variable Supplemental Distribution Per Share Special Distribution Per Share Distribution Amount
January 19, 2023 February 28, 2023 $ 0.1499  $ 0.0210  $ —  $ 16,003 
February 28, 2023 March 31, 2023 0.1507  0.0300  —  16,992 
March 28, 2023 April 28, 2023 0.1496  0.0430  —  18,590 
April 28, 2023 May 31, 2023 0.1500  0.0440  —  18,948 
May 26, 2023 June 30, 2023 0.1496  0.0450  —  19,516 
June 28, 2023 July 31, 2023 0.1500  0.0450  —  20,103 
July 31, 2023 August 31, 2023 0.1495  0.0450  —  20,194 
August 31, 2023 September 29, 2023 0.1494  0.0550  0.1500  38,128 
September 27, 2023 October 31, 2023 0.1498  0.0550  —  23,210 
Total $ 1.3485  $ 0.3830  $ 0.1500  $ 191,684 
(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, 2022:
Class I
Declaration Date Payment Date Base Distribution Per Share Variable Supplemental Distribution Per Share Special Distribution Per Share Distribution Amount
February 27, 2022 March 31, 2022 $ 0.13542  $ —  $ —  $ 958 
March 30, 2022 April 29, 2022 0.14640  —  —  1,572 
April 29, 2022 May 31, 2022 0.14640  —  —  2,524 
May 31, 2022 June 30, 2022 0.14640  —  —  2,942 
June 29, 2022 July 29, 2022 0.14640  —  —  3,291 
July 29, 2022 August 31, 2022 0.14640  —  —  3,467 
August 26, 2022 September 30, 2022 0.14640  —  —  4,265 
September 30, 2022 October 31, 2022 0.14640  —  —  4,683 
Total $ 1.16022  $ —  $ —  $ 23,702 

Class D
Declaration Date Payment Date Base Distribution Per Share Variable Supplemental Distribution Per Share Special Distribution Per Share Distribution Amount
February 27, 2022 March 31, 2022 $ 0.13542  $ —  $ —  $ 172 
March 30, 2022 April 29, 2022 0.14640  —  —  688 
April 29, 2022 May 31, 2022 0.14640  —  —  1,107 
May 31, 2022 June 30, 2022 0.14640  —  —  1,282 
June 29, 2022 July 29, 2022 0.14640  —  —  1,493 
July 29, 2022 August 31, 2022 0.14640  —  —  1,608 
August 26, 2022 September 30, 2022 0.14640  —  —  1,957 
September 30, 2022 October 31, 2022 0.14640  —  —  2,346 
Total $ 1.16022  $ —  $ —  $ 10,653 
Class F
Declaration Date Payment Date Base Distribution Per Share Variable Supplemental Distribution Per Share Special Distribution Per Share Distribution Amount
February 27, 2022 March 31, 2022 $ 0.13542  $ —  $ —  $ 1,638 
March 30, 2022 April 29, 2022 0.14640  —  —  3,072 
April 29, 2022 May 31, 2022 0.14640  —  —  4,768 
May 31, 2022 June 30, 2022 0.14640  —  —  6,535 
June 29, 2022 July 29, 2022 0.14640  —  —  8,147 
July 29, 2022 August 31, 2022 0.14640  —  —  9,135 
August 26, 2022 September 30, 2022 0.14640  —  —  10,403 
September 30, 2022 October 31, 2022 0.14640  —  —  12,097 
Total $ 1.16022  $ —  $ —  $ 55,795 
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, 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 
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 nine months ended September 30, 2022:
Class I Class D Class F
Source of Distribution Per Share Amount Per Share Amount Per Share Amount
Net investment income $ 1.1600  $ 23,702  $ 1.1600  $ 10,653  $ 1.1600  $ 55,795 
Net realized gains —  —  —  —  —  — 
Total $ 1.1600  $ 23,702  $ 1.1600  $ 10,653  $ 1.1600  $ 55,795 
Class of Treasury Stock
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  %


The following table summarizes the share repurchases completed during the nine months ended September 30, 2022:
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)
May 31, 2022 5.00  % June 30, 2022 $ 1,000  41,118  0.11  %
August 30, 2022 5.00  % September 30, 2022 $ 938  38,736  0.04  %
(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.