Stock Issuances

9 Months Ended

Sep. 30, 2024

Stock Issuances [Abstract]

Stock Issuances

Note 9. Stock Issuances

As of September 30, 2024 and December 31, 2023, the total number of shares of all classes of capital stock that the Company has the authority to issue was 200,000,000 shares of Common Stock, par value $0.001 per share.

New Stockholders admitted to the Company or existing Stockholders increasing their Capital Commitments at a particular closing will be required to purchase shares of the Company with an aggregate purchase price necessary to ensure that all Stockholders in the Company have generally contributed the same percentage of their Capital Commitments to the Company immediately following such purchase (a “Catch-up Purchase”) and each such Stockholder shall be issued a number of shares of the Company based on a per share purchase price determined by the Board. A Catch-up Purchase may be made in multiple installments as determined by the Advisor based on the Company’s capital requirements. The per share purchase price shall be at least equal to the NAV per share in accordance with the limitations of Section 23 of the 1940 Act. The Board may set the price per share above the NAV per share based on a variety of factors, including without limitation, the total amount of the Company’s organizational and other expenses that will have accrued following the Company’s initial closing.

For the nine months ended September 30, 2024, the Company entered into subscription agreements (collectively, the “Subscription Agreements”) with new investors, providing for the private placement of common shares. Under the terms of the Subscription Agreements, investors are required to fund drawdowns to purchase common shares up to the amount of their respective capital commitments on an as-needed basis with a minimum of 8 business days’ prior notice. As of September 30, 2024 and December 31, 2023, the Company had received capital commitments totaling $248,622,762 and $218,337,762, respectively.

As of September 30, 2024, net contributions of $241,446,291 had been made by Stockholders and $7,176,471 remained available to be drawn by the Company.

The following tables summarize the issuance of shares for the nine months ended September 30, 2024 and 2023:

Date	Price per share		Shares Issued		Proceeds
For the nine months ended September 30, 2024:
April 8, 2024	$	24.96		250,250	$	6,246,250
June 11, 2024		24.79		562,949		13,955,500
September 17, 2024		23.83		717,571		17,099,715
				1,530,770	$	37,301,465
Stock issued in connection with dividend reinvestment plan
January 31, 2024	$	24.98		120,133	$	3,000,821
May 16, 2024		24.95		113,756		2,838,215
August 19, 2024*		23.96		103,753		2,527,833
				337,642	$	8,366,869
Total				1,868,412	$	45,668,334

* A portion of the DRP distribution is withheld at the offshore feeder for expenses payable at that entity.

Date	Price per share		Shares Issued		Proceeds
For the nine months ended September 30, 2023:
March 21, 2023	$	25.31		803,600	$	20,339,128
May 15, 2023		25.30		343,695		8,695,501
August 28, 2023		25.49		179,590		4,577,750
				1,326,885	$	33,612,379
Stock issued in connection with dividend reinvestment plan
January 26, 2023	$	25.34		86,086	$	2,181,430
May 5, 2023		25.38		98,060		2,488,754
July 31, 2023		25.56		100,593		2,571,168
				284,739		7,241,352
Total				1,611,624	$	40,853,731