Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of Company's Authorized, Issued and Outstanding Shares

As of March 31, 2024 and December 31, 2023, the Company had the following classes of common stock authorized, issued and outstanding:

	March 31, 2024				December 31, 2023
Classification	Shares Authorized		Shares Issued and Outstanding		Shares Authorized		Shares Issued and Outstanding
Preferred Stock, $0.01 par value per share		100,000,000		—		100,000,000		—
Class S Shares, $0.01 par value per share		100,000,000		—		100,000,000		—
Class D Shares, $0.01 par value per share		100,000,000		—		100,000,000		—
Class I Shares, $0.01 par value per share		100,000,000		201,777		100,000,000		—
Class F-S Shares, $0.01 par value per share		100,000,000		—		100,000,000		—
Class F-D Shares, $0.01 par value per share		100,000,000		—		100,000,000		—
Class F-I Shares, $0.01 par value per share		100,000,000		5,415,954		100,000,000		4,820,377
Class A-I Shares, $0.01 par value per share		100,000,000		6,363,747		100,000,000		17,016,652
Class A-II Shares, $0.01 par value per share		100,000,000		14,171,864		100,000,000		—
Class A-III Shares, $0.01 par value per share		100,000,000		—		100,000,000		—
Class E Shares, $0.01 par value per share		100,000,000		180,693		100,000,000		105,707
Total		1,100,000,000		26,334,035		1,100,000,000		21,942,736

Schedule of Movement In The Company's Outstanding Shares of Common Stock

The following table details the movement in the Company's outstanding shares of common stock:

	Class I		Class F-I			Class A-I			Class A-II			Class E
Beginning balance, December 31, 2023		—		4,820,377			17,016,652			—			105,707
Common stock issued		201,505		594,229			1,787,026			1,671,686			73,366
Repurchase of common stock		—		(2,476	)		—			(5,000	)		—
Dividend reinvestment		272		3,824			37,473			2,189			1,620
Share class transfer		—		—			(12,477,404	)		12,502,989			—
Ending balance, March 31, 2024		201,777		5,415,954			6,363,747			14,171,864			180,693

Schedule of Aggregate Distributions Declared For Each Applicable Class of Common Stock

The following table details the aggregate distributions declared for each applicable class of common stock:

	Three Months Ended March 31, 2024
	Class I			Class F-I			Class A-I			Class A-II			Class E
Aggregate gross distribution declared per share of common stock	$	0.2041		$	0.3013		$	0.3013		$	0.3013		$	0.3013
Management fee per share of common stock		(0.0436	)		(0.0518	)		(0.0524	)		(0.0482	)		—
Net distribution declared per share of common stock	$	0.1605		$	0.2495		$	0.2489		$	0.2531		$	0.3013

There were no distributions for the three months ended March 31, 2023.

Redeemable Non-controlling Interest Activity Related to Adviser

The following table details the redeemable non-controlling interest activity related to the Adviser for the three months ended March 31, 2024 ($ in thousands):

	Adviser
Balance at December 31, 2023	$	967
Settlement of management fees		269
Settlement of performance participation allocation		562
GAAP income allocation		31
Distributions		(25	)
Reinvestment of distributions		20
Fair value allocation		-
Balance at March 31, 2024	$	1,824