Net Asset Value
We calculate net asset value per share in accordance with our valuation policies and procedures. Our monthly net asset value (“Net Asset Value”) is used to calculate the prices at which we sell our shares, except our V Shares. The tables that follow include the Net Asset Value of outstanding shares as of August 31, 2025. The following table provides a breakdown of the major components of our Net Asset Value as of August 31, 2025 ($ in thousands, except shares):
Components of Net Asset Value |
|
|
|
|
Investments at Fair Value (cost of $1,047,324) |
|
$ |
1,059,501 |
|
Cash and cash equivalents |
|
|
42,576 |
|
Other assets |
|
|
31,551 |
|
Other liabilities |
|
|
(64,745 |
) |
Distribution payable |
|
|
(5,439 |
) |
Accrued performance fee |
|
|
(2,706 |
) |
Management fee payable |
|
|
(589 |
) |
Net Asset Value |
|
$ |
1,060,149 |
|
Number of outstanding shares |
|
|
41,333,931 |
|
The following table provides a breakdown of our total Net Asset Value and our Net Asset Value per share by type as of August 31, 2025 ($ in thousands, except shares and per share data):
Type |
|
Monthly Net Asset Value |
|
|
Number of Outstanding Shares |
|
|
Net Asset Value per share as of August 31, 2025 |
|
|||
Series I |
|
|
|
|
|
|
|
|
|
|||
A-I Shares |
|
$ |
36,369 |
|
|
|
1,436,246 |
|
|
$ |
25.32 |
|
F-I Shares |
|
$ |
89,534 |
|
|
|
3,515,220 |
|
|
$ |
25.47 |
|
F-S Shares |
|
$ |
103 |
|
|
|
4,035 |
|
|
$ |
25.49 |
|
P-I Shares |
|
$ |
3 |
|
|
|
110 |
|
|
$ |
25.11 |
|
P-S Shares |
|
$ |
4,536 |
|
|
|
180,656 |
|
|
$ |
25.11 |
|
E Shares |
|
$ |
151 |
|
|
|
5,891 |
|
|
$ |
25.65 |
|
T-I Shares |
|
$ |
51,731 |
|
|
|
2,012,805 |
|
|
$ |
25.70 |
|
T-S Shares |
|
$ |
53,353 |
|
|
|
2,078,913 |
|
|
$ |
25.66 |
|
V Shares |
|
$ |
1 |
|
|
|
40 |
|
|
$ |
25.70 |
|
Series II |
|
|
|
|
|
|
|
|
|
|||
A-I Shares |
|
$ |
59,686 |
|
|
|
2,346,184 |
|
|
$ |
25.44 |
|
I Shares |
|
$ |
11,895 |
|
|
|
460,041 |
|
|
$ |
25.86 |
|
F-I Shares |
|
$ |
254,539 |
|
|
|
9,938,387 |
|
|
$ |
25.61 |
|
F-S Shares |
|
$ |
3 |
|
|
|
110 |
|
|
$ |
25.59 |
|
P-I Shares |
|
$ |
1,341 |
|
|
|
51,369 |
|
|
$ |
26.10 |
|
P-S Shares |
|
$ |
143,578 |
|
|
|
5,582,582 |
|
|
$ |
25.72 |
|
E Shares |
|
$ |
54,652 |
|
|
|
2,172,515 |
|
|
$ |
25.16 |
|
T-I Shares |
|
$ |
70,189 |
|
|
|
2,706,410 |
|
|
$ |
25.93 |
|
T-S Shares |
|
$ |
114,981 |
|
|
|
4,459,650 |
|
|
$ |
25.78 |
|
V Shares |
|
$ |
1 |
|
|
|
40 |
|
|
$ |
25.60 |
|
BD Shares |
|
$ |
113,503 |
|
|
|
4,382,728 |
|
|
$ |
25.90 |
|
Total |
|
$ |
1,060,149 |
|
|
|
41,333,931 |
|
|
|
|
|