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Share Data and Distributions
 9 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Share Data and Distributions Share Data and Distributions
Changes in Net Assets
The following table presents the changes in net assets for the three and nine months ended June 30, 2026:
Common Shares
  (Share amounts in thousands)SharesPar ValueAdditional Paid-in-CapitalAccumulated Distributable Earnings (Loss)Total Net Assets
Balance at September 30, 2025196,721 $1,967 $4,591,826 $(51,988)$4,541,805 
Issuance of Common Shares in private and public offering13,705 136 315,346 — 315,482 
Issuance of Common Shares under distribution reinvestment plan1,285 13 29,537 — 29,550 
Shares repurchased, net of early repurchase deduction(8,334)(83)(191,018)— (191,101)
Net investment income— — — 102,293 102,293 
Net unrealized appreciation (depreciation)— — — (32,141)(32,141)
Net realized gains (losses)— — — 6,953 6,953 
Provision for income tax (expense) benefit— — — (87)(87)
Distributions to shareholders— — — (109,191)(109,191)
Balance at December 31, 2025203,377 $2,033 $4,745,691 $(84,161)$4,663,563 
Issuance of Common Shares in private and public offering6,109 61 139,544 — 139,605 
Issuance of Common Shares under distribution reinvestment plan1,105 11 25,589 — 25,600 
Shares repurchased, net of early repurchase deduction(13,869)(138)(310,260)— (310,398)
Net investment income— — — 96,312 96,312 
Net unrealized appreciation (depreciation)— — — (78,015)(78,015)
Net realized gains (losses)— — — (28,440)(28,440)
Provision for income tax (expense) benefit— — — 78 78 
Distributions to shareholders— — — (105,636)(105,636)
Balance at March 31, 2026196,722 $1,967 $4,600,564 $(199,862)$4,402,669 
Issuance of Common Shares in private and public offering2,725 27 60,987 — 61,014 
Issuance of Common Shares under distribution reinvestment plan1,022 10 21,203 — 21,213 
Shares repurchased, net of early repurchase deduction(8,857)(88)(197,603)— (197,691)
Net investment income— — — 91,244 91,244 
Net unrealized appreciation (depreciation)— — — 2,075 2,075 
Net realized gains (losses)— — — (9,864)(9,864)
Provision for income tax (expense) benefit— — — (28)(28)
Distributions to shareholders— — — (92,988)(92,988)
Balance at June 30, 2026191,612 $1,916 $4,485,151 $(209,423)$4,277,644 
The following table presents the changes in net assets for the three and nine months ended June 30, 2025:
Common Shares
  (Share amounts in thousands)SharesPar ValueAdditional Paid-in-CapitalAccumulated Distributable Earnings (Loss)Total Net Assets
Balance at September 30, 2024134,288 $1,343 $3,170,746 $(7,749)$3,164,340 
Issuance of Common Shares in private and public offering10,676 107 251,386 — 251,493 
Issuance of Common Shares under distribution reinvestment plan999 10 23,514 — 23,524 
Shares repurchased, net of early repurchase deduction(890)(9)(20,900)— (20,909)
Net investment income— — — 72,205 72,205 
Net unrealized appreciation (depreciation)— — — 963 963 
Net realized gains (losses)— — — 3,677 3,677 
Provision for income tax (expense) benefit— — — (65)(65)
Distributions to shareholders— — — (82,912)(82,912)
Balance at December 31, 2024145,073 $1,451 $3,424,746 $(13,881)$3,412,316 
Issuance of Common Shares in private and public offering17,030 171 399,458 — 399,629 
Issuance of Common Shares under distribution reinvestment plan1,065 10 25,194 — 25,204 
Shares repurchased, net of early repurchase deduction(942)(10)(21,913)— (21,923)
Net investment income— — — 77,254 77,254 
Net unrealized appreciation (depreciation)— — — (30,913)(30,913)
Net realized gains (losses)— — — 6,540 6,540 
Provision for income tax (expense) benefit— — — 19 19 
Distributions to shareholders— — — (91,112)(91,112)
Balance at March 31, 2025162,226 $1,622 $3,827,485 $(52,093)$3,777,014 
Issuance of Common Shares in private and public offering26,377 264 611,763 — 612,027 
Issuance of Common Shares under distribution reinvestment plan1,164 12 26,783 — 26,795 
Shares repurchased, net of early repurchase deduction(7,563)(76)(174,934)— (175,010)
Net investment income— — — 82,956 82,956 
Net unrealized appreciation (depreciation)— — — 16,793 16,793 
Net realized gains (losses)— — — (15,991)(15,991)
Provision for income tax (expense) benefit— — — (3)(3)
Distributions to shareholders— — — (107,821)(107,821)
Balance at June 30, 2025182,204 $1,822 $4,291,097 $(76,159)$4,216,760 
Capital Activity
The Company has the authority to issue an unlimited number of Class I, Class S, Class T and Class D Common Shares. As of June 30, 2026, the Company has issued and sold 165,375,644 Class I shares for an aggregate purchase price of $3,877.8 million, 59,629,070 Class S shares for an aggregate purchase price of $1,399.0 million, 397,438 Class D shares for an aggregate purchase price of $9.2 million and 232,464 Class T shares for an aggregate purchase price of $5.3 million. As of June 30, 2026, the Company has issued 5,100,409 Class I shares, 6,306,718 Class S shares, 11,164 Class D shares and 3,766 Class T shares pursuant to its distribution reinvestment plan.
The following table summarizes transactions in Common Shares for the nine months ended June 30, 2026:
SharesAmount
Class I
Issuance of Common Shares in private and public offering18,025,078 $412,982 
Share transfers between classes207,348 4,702 
Issuance of Common Shares under distribution reinvestment plan1,534,682 34,001 
Share repurchases, net of early repurchase deduction(22,024,266)(495,789)
Net increase (decrease)(2,257,158)$(44,104)
Class S
Issuance of Common Shares in public offering4,101,363 $93,683 
Share transfers between classes(201,989)(4,581)
Issuance of Common Shares under distribution reinvestment plan1,869,485 42,226 
Share repurchases, net of early repurchase deduction(9,031,073)(203,281)
Net increase (decrease)(3,262,214)$(71,953)
Class D
Issuance of Common Shares in public offering232,185 $5,336 
Share transfers between classes(5,360)(121)
Issuance of Common Shares under distribution reinvestment plan4,036 63 
Share repurchases, net of early repurchase deduction(5,336)(120)
Net increase (decrease)225,525 $5,158 
Class T
Issuance of Common Shares in public offering179,733 $4,100 
Issuance of Common Shares under distribution reinvestment plan3,766 73 
Net increase (decrease)183,499 4,173 
Total net increase (decrease)(5,110,348)$(106,726)
The following table summarizes transactions in Common Shares for the nine months ended June 30, 2025:
SharesAmount
Class I
Issuance of Common Shares in private and public offering43,490,558 $1,015,107 
Share transfers between classes72,671 1,700 
Issuance of Common Shares under distribution reinvestment plan1,419,706 33,561 
Share repurchases, net of early repurchase deduction(7,742,619)(179,433)
Net increase (decrease)37,240,316 $870,935 
Class S
Issuance of Common Shares in public offering10,515,826 $246,239 
Share transfers between classes(72,671)(1,700)
Issuance of Common Shares under distribution reinvestment plan1,803,828 41,881 
Share repurchases, net of early repurchase deduction(1,648,328)(38,332)
Net increase (decrease)10,598,655 $248,088 
Class D
Issuance of Common Shares in public offering76,766 $1,803 
Issuance of Common Shares under distribution reinvestment plan3,510 81 
Share repurchases, net of early repurchase deduction(3,287)(77)
Net increase (decrease)76,989 $1,807 
Total net increase (decrease)47,915,960 $1,120,830 
Net Asset Value per Share and Offering Price
The Company determines NAV per share for each class of shares as of the last calendar day of each month. Share issuances pursuant to accepted monthly subscriptions are effective the first calendar day of each month. Shares are issued and sold at a purchase price equivalent to the most recent NAV per share available for each share class, which will be the prior calendar day NAV per share (i.e. the prior month-end NAV). The following tables summarize each month-end NAV per share for Class I, Class S, Class D and Class T shares for the nine months ended June 30, 2026 and 2025.
Class I SharesClass S SharesClass D SharesClass T Shares
October 31, 2025$22.98 $22.98 $22.98 $22.98 
November 30, 2025$22.95 $22.95 $22.95 $22.95 
December 31, 2025$22.93 $22.93 $22.93 $22.93 
January 31, 2026$22.87 $22.87 $22.87 $22.87 
February 28, 2026$22.64 $22.64 $22.64 $22.64 
March 31, 2026$22.38 $22.38 $22.38 $22.38 
April 30, 2026$22.39 $22.39 $22.39 $22.39 
May 31, 2026$22.41 $22.41 $22.41 $22.41 
June 30, 2026$22.32 $22.32 $22.32 $22.32 
Class I SharesClass S SharesClass D SharesClass T Shares
October 31, 2024$23.55 $23.55 $23.55 — 
November 30, 2024$23.56 $23.56 $23.56 — 
December 31, 2024$23.52 $23.52 $23.52 — 
January 31, 2025$23.49 $23.49 $23.49 — 
February 28, 2025$23.41 $23.41 $23.41 — 
March 31, 2025$23.28 $23.28 $23.28 — 
April 30, 2025$23.12 $23.12 $23.12 — 
May 31, 2025$23.16 $23.16 $23.16 — 
June 30, 2025$23.14 $23.14 $23.14 — 

Distributions
The Board authorizes and declares monthly distributions per outstanding Common Share. The following table presents distributions that were declared during the nine months ended June 30, 2026:
Class I
DistributionDate DeclaredRecord DatePayment DateDistribution Per ShareDistribution Amount
MonthlyOctober 23, 2025October 30, 2025November 26, 2025$0.1800 $26,082 
MonthlyNovember 25, 2025November 27, 2025December 29, 20250.1800 26,767 
MonthlyDecember 24, 2025December 29, 2025February 2, 20260.1800 27,313 
MonthlyJanuary 26, 2026January 28, 2026February 26, 20260.1800 26,662 
MonthlyFebruary 24, 2026February 25, 2026March 27, 20260.1800 27,014 
MonthlyMarch 25, 2026March 27, 2026April 28, 20260.1600 24,156 
MonthlyApril 23, 2026April 28, 2026May 27, 20260.1600 22,910 
MonthlyMay 26, 2026May 27, 2026June 26, 20260.1600 23,051 
MonthlyJune 23, 2026June 26, 2026July 29, 20260.1600 23,167 
$1.5400 $227,122 
Class S
DistributionDate DeclaredRecord DatePayment DateDistribution Per ShareDistribution Amount
MonthlyOctober 23, 2025October 30, 2025November 26, 2025$0.1636 $9,459 
MonthlyNovember 25, 2025November 27, 2025December 29, 20250.1637 9,608 
MonthlyDecember 24, 2025December 29, 2025February 2, 20260.1637 9,724 
MonthlyJanuary 26, 2026January 28, 2026February 26, 20260.1638 9,454 
MonthlyFebruary 24, 2026February 25, 2026March 27, 20260.1638 9,565 
MonthlyMarch 25, 2026March 27, 2026April 28, 20260.1440 8,501 
MonthlyApril 23, 2026April 28, 2026May 27, 20260.1442 7,803 
MonthlyMay 26, 2026May 27, 2026June 26, 20260.1441 7,844 
MonthlyJune 23, 2026June 26, 2026July 29, 20260.1441 7,931 
$1.3950 $79,889 
Class D
DistributionDate DeclaredRecord DatePayment DateDistribution Per ShareDistribution Amount
MonthlyOctober 23, 2025October 30, 2025November 26, 2025$0.1752 $31 
MonthlyNovember 25, 2025November 27, 2025December 29, 20250.1752 71 
MonthlyDecember 24, 2025December 29, 2025February 2, 20260.1752 71 
MonthlyJanuary 26, 2026January 28, 2026February 26, 20260.1752 71 
MonthlyFebruary 24, 2026February 25, 2026March 27, 20260.1752 71 
MonthlyMarch 25, 2026March 27, 2026April 28, 20260.1553 63 
MonthlyApril 23, 2026April 28, 2026May 27, 20260.1553 62 
MonthlyMay 26, 2026May 27, 2026June 26, 20260.1553 62 
MonthlyJune 23, 2026June 26, 2026July 29, 20260.1553 62 
$1.4972 $564 
Class T
DistributionDate DeclaredRecord DatePayment DateDistribution Per ShareDistribution Amount
MonthlyOctober 23, 2025October 30, 2025November 26, 2025$0.1636 $19 
MonthlyNovember 25, 2025November 27, 2025December 29, 20250.1637 23 
MonthlyDecember 24, 2025December 29, 2025February 2, 20260.1637 23 
MonthlyJanuary 26, 2026January 28, 2026February 26, 20260.1638 25 
MonthlyFebruary 24, 2026February 25, 2026March 27, 20260.1638 28 
MonthlyMarch 25, 2026March 27, 2026April 28, 20260.1440 26 
MonthlyApril 23, 2026April 28, 2026May 27, 20260.1442 30 
MonthlyMay 26, 2026May 27, 2026June 26, 20260.1441 32 
MonthlyJune 23, 2026June 26, 2026July 29, 20260.1441 34 
$1.3950 $240 
The following table presents distributions that were declared during the nine months ended June 30, 2025:
Class I
DistributionDate DeclaredRecord DatePayment DateDistribution Per ShareDistribution Amount
MonthlyOctober 24, 2024October 30, 2024November 26, 2024$0.2000 $18,473 
MonthlyNovember 26, 2024November 27, 2024December 27, 20240.2000 18,965 
MonthlyDecember 26, 2024December 27, 2024February 3, 20250.2000 19,552 
MonthlyJanuary 28, 2025January 29, 2025February 26, 20250.2000 20,068 
MonthlyFebruary 24, 2025February 26, 2025March 27, 20250.2000 21,111 
MonthlyMarch 24, 2025March 27, 2025April 28, 20250.2000 22,009 
MonthlyApril 23, 2025April 28, 2025May 28, 20250.2000 24,397 
MonthlyMay 27, 2025May 28, 2025June 26, 20250.2000 26,500 
MonthlyJune 25, 2025June 26, 2025July 29, 20250.2000 26,775 
$1.8000 $197,850 
Class S
DistributionDate DeclaredRecord DatePayment DateDistribution Per ShareDistribution Amount
MonthlyOctober 24, 2024October 30, 2024November 26, 2024$0.1833 $8,415 
MonthlyNovember 26, 2024November 27, 2024December 27, 20240.1833 8,632 
MonthlyDecember 26, 2024December 27, 2024February 3, 20250.1833 8,816 
MonthlyJanuary 28, 2025January 29, 2025February 26, 20250.1833 9,026 
MonthlyFebruary 24, 2025February 26, 2025March 27, 20250.1834 9,278 
MonthlyMarch 24, 2025March 27, 2025April 28, 20250.1834 9,543 
MonthlyApril 23, 2025April 28, 2025May 28, 20250.1835 9,817 
MonthlyMay 27, 2025May 28, 2025June 26, 20250.1836 10,006 
MonthlyJune 25, 2025June 26, 2025July 29, 20250.1836 10,233 
$1.6507 $83,766 
Class D
DistributionDate DeclaredRecord DatePayment DateDistribution Per ShareDistribution Amount
MonthlyOctober 24, 2024October 30, 2024November 26, 2024$0.1951 $16 
MonthlyNovember 26, 2024November 27, 2024December 27, 20240.1951 21 
MonthlyDecember 26, 2024December 27, 2024February 3, 20250.1951 22 
MonthlyJanuary 28, 2025January 29, 2025February 26, 20250.1951 22 
MonthlyFebruary 24, 2025February 26, 2025March 27, 20250.1951 24 
MonthlyMarch 24, 2025March 27, 2025April 28, 20250.1951 31 
MonthlyApril 23, 2025April 28, 2025May 28, 20250.1952 31 
MonthlyMay 27, 2025May 28, 2025June 26, 20250.1952 31 
MonthlyJune 25, 2025June 26, 2025July 29, 20250.1952 31 
$1.7562 $229 
For income tax purposes, the Company has reported its distributions for the 2025 calendar year as ordinary income. The character of such distributions was appropriately reported to the Internal Revenue Service and shareholders for the 2025 calendar year. To the extent the Company’s taxable earnings for a fiscal and taxable year fall below the amount of distributions paid for the fiscal and taxable year, a portion of the total amount of the Company’s distributions for the fiscal and taxable year is deemed a return of capital for U.S. federal income tax purposes to the Company’s shareholders.
Distribution Reinvestment Plan
The Company has adopted a distribution reinvestment plan, pursuant to which the Company will reinvest all cash dividends declared by the Board on behalf of its shareholders who do not elect to receive their dividends in cash as provided below. As a result, if the Board authorizes, and the Company declares, a cash dividend or other distribution, then shareholders who have not opted out of the Company’s distribution reinvestment plan will have their cash distributions automatically reinvested in additional shares, rather than receiving the cash dividend or other distribution. Distributions on fractional shares will be credited to each participating shareholder’s account to three decimal places.
Character of Distributions
The Company may fund its cash distributions to shareholders from any source of funds available to the Company, including offering proceeds, net investment income from operations, capital gains proceeds from the sale of assets, dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies and expense support from the Adviser, which is subject to recoupment.
Since inception through June 30, 2026, a portion of the Company’s distributions resulted from expense support from the Adviser, and future distributions may result from expense support from the Adviser, each of which is subject to repayment by the Company within three years from the date of payment. The purpose of this arrangement is to avoid distributions being characterized as a return of capital for U.S. federal income tax purposes. Shareholders should understand that any such distribution is not based solely on the Company’s investment performance, and can only be sustained if the Company achieves positive investment performance in future periods and/or the Adviser continues to provide expense support. Shareholders should also understand that the Company’s future repayments of expense support will reduce the distributions that they would otherwise receive. There can be no assurance that the Company will achieve the performance necessary to sustain these distributions, or be able to pay distributions at all.
Sources of distributions, other than net investment income and realized gains on a U.S. GAAP basis, include required adjustments to U.S. GAAP net investment income in the current period to determine taxable income available for distributions. The following tables reflect the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its Common Shares for the nine months ended June 30, 2026:
Class IClass SClass DClass T
Source of DistributionPer ShareAmountPer ShareAmountPer ShareAmountPer ShareAmount
Net investment income$1.4570 $214,228 $1.3132 $75,164 $1.4216 $531 $1.3132 $226 
Distributions in excess of net investment income0.0830 12,894 0.0818 4,725 0.0756 33 0.0818 14 
Total$1.5400 $227,122 $1.3950 $79,889 $1.4972 $564 $1.3950 $240 
The following tables reflect the sources of cash distributions on a U.S. GAAP basis that the Company has declared on its Common Shares for the nine months ended June 30, 2025:
Class IClass SClass D
Source of DistributionPer ShareAmountPer ShareAmountPer ShareAmount
Net investment income$1.4962 $163,586 $1.3484 $68,644 $1.4566 $190 
Distributions in excess of net investment income0.3038 34,264 0.3023 15,122 0.2996 39 
Total$1.8000 $197,850 $1.6507 $83,766 $1.7562 $229 
Share Repurchase Program
At the discretion of the Board, during the quarter ended September 30, 2022 the Company commenced a share repurchase program pursuant to which the Company intends to offer to repurchase, in each quarter, up to 5% of Common Shares outstanding (either by number of shares or aggregate NAV) as of the close of the previous calendar quarter; provided that the Company reserves the right in its sole discretion to purchase additional outstanding Shares representing up to 2% of the Company's outstanding Shares each quarter without amending or extending the repurchase offer as permitted by Rule 13e-4(f)(1) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In the event the amount of shares tendered exceeds the repurchase offer amount, shares will be repurchased on a pro rata basis. The Board may amend or suspend the share repurchase program at any time if it deems such action to be in the best interest of shareholders. As a result, share repurchases may not be available each quarter. The Company intends to conduct such repurchase offers pursuant to tender offers in accordance with the requirements of Rule 13e-4 promulgated under the Exchange Act and the Investment Company Act. All shares purchased pursuant to the terms of each tender offer will be retired and thereafter will be authorized and unissued shares.
Under the share repurchase program, to the extent the Company offers to repurchase shares in any particular quarter, it is expected to repurchase shares at the expiration of the tender offer at a purchase price equal to the NAV per share as of the last calendar day of the applicable quarter (the “Valuation Date”), except that shares that have a prospective repurchase date that is within the one-year period following the original issue date of the shares will be subject to an early repurchase deduction of 2% of such NAV (an “Early Repurchase Deduction”). The one-year holding period will be deemed satisfied if the shares to be repurchased would have been outstanding for one year or longer as of the subscription closing date immediately following the applicable Valuation Date, which subscription closing date the Company deems the prospective repurchase date for the applicable offer. The Early Repurchase Deduction will be retained by the Company for the benefit of remaining shareholders.
During the nine months ended June 30, 2026, the Company repurchased pursuant to such tender offers an aggregate of 22,024,266 Class I shares, 9,031,073 Class S shares, 5,336 Class D shares and zero Class T shares. The following table presents the share repurchases completed during the nine months ended June 30, 2026:

Repurchase Pricing DateTotal Number of Shares Repurchased (all classes)
Percentage of Outstanding Shares Repurchased (1)
Price Paid Per ShareAmount Repurchased (all classes)
December 31, 20258,334,146 4.24 %$22.93 $191,101 
March 31, 2026 (2)
13,869,408 6.82 %22.38 310,398 
June 30, 20268,857,122 4.50 %22.32 197,691 
_____________________
(1) Percentage is based on total shares as of the close of the previous calendar quarter.
(2) Amounts shown exclude a transaction in which an indirect affiliate of the Company’s investment adviser agreed to purchase a portion of an existing investor's shares at the Company's net asset value per share at June 30, 2026.

During the nine months ended June 30, 2025, the Company repurchased pursuant to such tender offers an aggregate of 7,742,619 Class I shares, 1,648,328 Class S shares and 3,287 Class D shares. The following table presents the share repurchases completed during the nine months ended June 30, 2025:

Repurchase Pricing DateTotal Number of Shares Repurchased (all classes)
Percentage of Outstanding Shares Repurchased (1)
Price Paid Per Share
Amount Repurchased (all classes)(2)
December 31, 2024889,569 0.66 %$23.52 $20,910 
March 31, 2025941,577 0.65 %23.28 21,923 
June 30, 20257,563,088 4.66 %23.14 175,010 
_____________________
(1) Percentage is based on total shares as of the close of the previous calendar quarter.
(2) Amounts shown net of Early Repurchase Deduction, where applicable.