Financial Highlights (Tables)

9 Months Ended

Sep. 30, 2022

The following are the financial highlights for the nine months ended September 30, 2022:


	Nine Months Ended September 30, 2022
	Class I			Class S			Class D
Per Share Data:
Net asset value, beginning of period	$	25.93		$	25.93		$	25.93
Net investment income (1)	1.75			1.59			1.71
Net unrealized and realized gain (loss) (2)	(1.43)			(1.43)			(1.43)
Net increase (decrease) in net assets resulting from operations	0.32			0.16			0.28
Distributions from net investment income (3)	(1.64)			(1.47)			(1.59)
Distributions from net realized gains (3)	—			—			—
Net increase (decrease) in net assets from shareholders' distributions	(1.64)			(1.47)			(1.59)
Early repurchase deduction fees (6)	0.01			—			—
Total increase (decrease) in net assets	(1.31)			(1.31)			(1.31)
Net asset value, end of period	$	24.62		$	24.62		$	24.62
Shares outstanding, end of period	598,605,098			266,826,806			43,689,711
Total return based on NAV (4)	1.26%			0.62%			1.07%
Ratios:
Ratio of net expenses to average net assets (5)	6.42		%	7.31		%	6.79		%
Ratio of net investment income to average net assets (5)	9.24		%	8.41		%	9.05		%
Portfolio turnover rate	13.59		%	13.59		%	13.59		%
Supplemental Data:
Net assets, end of period	$	14,734,969		$	6,568,170		$	1,075,437
Asset coverage ratio	181.70		%	181.70		%	181.70		%

The following are the financial highlights for the nine months ended September 30, 2021:


	Nine Months Ended September 30, 2021
	Class I			Class S			Class D (7)
Per Share Data:
Net asset value, beginning of period	$	25.00		$	25.00		$	25.59
Net investment income (1)	1.60			1.45			0.89
Net unrealized and realized gain (loss) (2)	0.82			0.81			0.36
Net increase (decrease) in net assets resulting from operations	2.42			2.26			1.25
Distributions from net investment income (3)	(1.52)			(1.36)			(0.94)
Distributions from net realized gains (3)	—			—			—
Net increase (decrease) in net assets from shareholders' distributions	(1.52)			(1.36)			(0.94)
Early repurchase deduction fees (6)	—			—			—
Total increase (decrease) in net assets	0.90			0.90			0.31
Net asset value, end of period	$	25.90		$	25.90		$	25.90
Shares outstanding, end of period	243,870,248			75,409,980			7,766,027
Total return based on NAV (4)	9.91%			9.23%			4.95%
Ratios:
Ratio of net expenses to average net assets (5)	4.20		%	5.20		%	5.18		%
Ratio of net investment income to average net assets (5)	8.20		%	7.43		%	7.80		%
Portfolio turnover rate	24.68		%	24.68		%	24.68		%
Supplemental Data:
Net assets, end of period	$	6,316,746		$	1,953,286		$	201,163
Asset coverage ratio	196.1		%	196.1		%	196.1		%

(1)The per share data was derived by using the weighted average shares outstanding during the period.

(2)For the nine months ended September 30, 2022, the amount shown does not correspond with the aggregate amount for the period as it includes a $(0.01), $(0.01) and $($0.00) impact, on Class I, Class S and Class D, respectively, from the effect of the timing of capital transactions. For the nine months ended September 30, 2021, the amount shown does not correspond with the aggregate amount for the period as it includes a $0.21, $0.26 and $0.11 impact, on Class I, Class S and Class D, respectively, from the effect of the timing of capital transactions.

(3)The per share data for distributions was derived by using the actual shares outstanding at the date of the relevant transactions (refer to Note 9).

(4)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested in accordance with the Company's distribution reinvestment plan) divided by the beginning NAV per share. Total return does not include upfront transaction fee, if any.

(5)For the nine months ended September 30, 2022, amounts are annualized except for organizational costs, excise tax and management fee and income based incentive fee waivers by the Adviser. For the nine months ended September 30, 2022, the ratio of total operating expenses to average net assets was 5.75%, 6.29%, and 5.48% on Class I, Class S and Class D respectively, on an annualized basis, excluding the effect of expense support/(recoupment) and management fee and income based incentive fee waivers by the Adviser which represented 0.00%, 0.00% and 0.00% on Class I, Class S and Class D, respectively, of average net assets. For the nine months ended September 30, 2021, amounts are annualized except for organizational costs. For the nine months ended September 30, 2021, the ratio of total operating expenses to average net assets was 4.99%, 5.89% and 5.46%, on Class I, Class S and Class D, respectively, on an annualized basis, excluding the effect of expense support/(recoupment) and management fee and income based incentive fee waivers by the Adviser which represented 0.79%, 0.69% and 0.26% on Class I, Class S and Class D, respectively, of average net assets.

(6)The per share amount rounds to less than $0.01 per share.

(7)Class D commenced on May 1, 2021.