Equity and Non-Controlling Interest (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Stock by Class

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

	Three Months Ended September 30, 2023
	Class I	Class D	Class S	Total
June 30, 2023	64,339,335	3,341,662	65,427,741	133,108,738
Common shares issued	17,275,612	504,131	12,306,311	30,086,054
Distribution reinvestment	535,427	27,355	537,902	1,100,684
Common shares repurchased	(793,937)	(8,134)	(407,668)	(1,209,739)
September 30, 2023	81,356,437	3,865,014	77,864,286	163,085,737

	Nine Months Ended September 30, 2023
	Class I	Class D	Class S	Total
December 31, 2022	31,668,259	1,385,421	43,401,686	76,455,366
Common shares issued	50,193,292	2,656,681	34,277,276	87,127,249
Distribution reinvestment	1,196,566	60,775	1,353,462	2,610,803
Common shares repurchased	(1,701,680)	(237,863)	(1,168,138)	(3,107,681)
September 30, 2023	81,356,437	3,865,014	77,864,286	163,085,737

Aggregate Distributions Declared for Each Applicable Class of Common Shares

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

	Three Months Ended September 30, 2023
	Class I		Class D		Class S
Aggregate gross distributions declared per share of common shares	$	0.1750	$	0.1750	$	0.1750
Shareholder servicing fee per share of common shares	—		(0.0063)		(0.0218)
Net distributions declared per share of common shares	$	0.1750	$	0.1687	$	0.1532

	Nine Months Ended September 30, 2023
	Class I		Class D		Class S
Aggregate gross distributions declared per share of common shares	$	0.5250	$	0.5250	$	0.5250
Shareholder servicing fee per share of common shares	—		(0.0189)		(0.0651)
Net distributions declared per share of common shares	$	0.5250	$	0.5061	$	0.4599

Redeemable Noncontrolling Interest

The following table details the redeemable non-controlling interest activity related to the Special Limited Partner for the nine months ended September 30, 2023:

	Nine Months Ended September 30, 2023
December 31, 2022	$	1,657
Settlement of prior performance participation allocation	10,638
Repurchases	—
Conversion to Class I shares	—
GAAP income allocation	(68)
Other comprehensive income	75
Distributions	(292)
Fair value allocation	346
Reallocation between additional paid-in capital and non-controlling interests due to changes in NLT OP ownership	82
September 30, 2023	$	12,438