v3.25.1
Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Amortized Cost $ 29,499,052 [1],[2]   $ 26,383,665 [3],[4],[5],[6],[7],[8],[9]
Restricted cash 89,903 $ 112,461 182,030
Foreign cash, cost 2,173 $ 3,554  
Unamortized debt issuance costs $ 173,758   $ 178,732
Common stock, shares authorized (in shares) 4,500,000,000    
Class S common stock      
Common stock, par value (in usd per share) $ 0.01   $ 0.01
Common stock, shares authorized (in shares) 1,500,000,000   1,500,000,000
Shares issued (in shares) 570,264,051   515,664,737
Shares outstanding, end of period (in shares) 570,264,051 371,785,601 515,664,737
Class D common stock      
Common stock, par value (in usd per share) $ 0.01   $ 0.01
Common stock, shares authorized (in shares) 1,000,000,000   1,000,000,000
Shares issued (in shares) 57,227,131   51,059,824
Shares outstanding, end of period (in shares) 57,227,131 41,170,574 51,059,824
Class I common stock      
Common stock, par value (in usd per share) $ 0.01   $ 0.01
Common stock, shares authorized (in shares) 2,000,000,000   2,000,000,000
Shares issued (in shares) 1,089,239,943   952,454,240
Shares outstanding, end of period (in shares) 1,089,239,943 656,148,634 952,454,240
Non-controlled/non-affiliated portfolio company investments      
Amortized Cost $ 28,575,155 [1],[2]   $ 25,422,365
Non-controlled, affiliated investments      
Amortized Cost 8,348 [1],[2],[10]   8,305 [4],[7]
Controlled, affiliated investments      
Amortized Cost $ 915,549 [1],[2]   $ 952,995 [4],[7]
[1] The amortized cost represents the original cost adjusted for the amortization and accretion of premiums and discounts, as applicable, on debt investments using the effective interest method.
[2] As of March 31, 2025, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $23.1 million based on a tax cost basis of $29.5 billion. As of March 31, 2025, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $267.2 million. As of March 31, 2025, the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $244.1 million.
[3] Certain portfolio company investments are subject to contractual restrictions on sales.
[4] The amortized cost represents the original cost adjusted for the amortization and accretion of premiums and discounts, as applicable, on debt investments using the effective interest method.
[5] Unless otherwise indicated, all investments are considered Level 3 investments.
[6] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.
[7] As of December 31, 2024, the net estimated unrealized gain on investments for U.S. federal income tax purposes was $52.6 million based on a tax cost basis of $26.3 billion. As of December 31, 2024, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $182.9 million. As of December 31, 2024, the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $235.5 million.
[8] Unless otherwise indicated, represents a co-investment made with the Company’s affiliates in accordance with the terms of exemptive relief that the Company received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.
[9] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See Note 5 “Debt”.
[10] Investment is non-income producing.