Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2025

Class-specific Fee Expense by Share Class

The following table reflects class-specific expenses by share class during the quarter and nine months ended September 30, 2025 and 2024 (in thousands):


	Quarter Ended September 30, 2025
	Class FA Shares		Class A Shares		Class T Shares		Class D Shares		Class I Shares		Class S Shares
Base management fees	$	293	$	1,823	$	400	$	592	$	3,161	$	151
Total return incentive fees	557		2,310		535		770		4,010		241
Offering expenses	—		—		77		12		405		—
Expense support	73		675		107		216		1,655		149
Other class-specific expenses (1)	7		40		206		148		227		5


	Nine Months Ended September 30, 2025
	Class FA Shares		Class A Shares		Class T Shares		Class D Shares		Class I Shares		Class S Shares
Base management fees	$	834	$	4,892	$	1,234	$	1,660	$	8,446	$	424
Total return incentive fees	1,496		5,978		1,459		2,033		10,280		644
Offering expenses	—		97		222		44		1,281		—
Expense support	—		—		—		—		(1,017)		—
Other class-specific expenses (1)	23		122		648		436		662		16


	Quarter Ended September 30, 2024
	Class FA Shares		Class A Shares		Class T Shares		Class D Shares		Class I Shares		Class S Shares
Base management fees	$	269	$	1,186	$	414	$	499	$	2,301	$	133
Total return incentive fees	399		1,268		410		584		2,345		168
Offering expenses	—		147		22		32		137		—
Expense support	—		—		—		—		335		18
Other class-specific expenses (1)	8		34		224		134		51		5


	Nine Months Ended September 30, 2024
	Class FA Shares		Class A Shares		Class T Shares		Class D Shares		Class I Shares		Class S Shares
Base management fees	$	788	$	3,001	$	1,204	$	1,343	$	6,307	$	385
Total return incentive fees	1,217		3,435		1,249		1,479		7,041		511
Offering expenses	—		359		52		83		385		—
Expense support	—		—		—		—		(1)		1
Other class-specific expenses (1)	26		103		672		375		157		17

(1) Other class-specific expenses consist of distribution and shareholder servicing fees and certain transfer agent fees.