v3.25.1
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Increase (Decrease) in Net Assets Resulting from Operations    
Net investment income (loss) $ 368,726 $ 274,126
Net change in unrealized gain (loss) (53,113) 1,615
Net realized gain (loss) on investments (63,880) (3,371)
Net Increase (Decrease) in Net Assets Resulting from Operations 251,733 272,370
Distributions    
Net Decrease in Net Assets Resulting from Shareholders’ Distributions (391,461) (243,516)
Capital Share Transactions    
Repurchase of common shares (203,949) (142,174)
Reinvestment of shareholders’ distributions 165,425 99,237
Total Increase (Decrease) in Net Assets 1,747,990 1,285,218
Net Assets, at beginning of period 14,521,602 8,892,546
Net Assets, at end of period 16,269,592 10,177,764
Class S common stock    
Increase (Decrease) in Net Assets Resulting from Operations    
Net Increase (Decrease) in Net Assets Resulting from Operations 77,401 89,650
Distributions    
Net Decrease in Net Assets Resulting from Shareholders’ Distributions (123,867) (79,823)
Capital Share Transactions    
Issuance of shares of common stock 541,138 437,596
Share transfers between classes [1] (22,590) (687)
Repurchase of common shares (53,498) (33,826)
Reinvestment of shareholders’ distributions 55,580 32,710
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions 520,630 435,793
Class D common stock    
Increase (Decrease) in Net Assets Resulting from Operations    
Net Increase (Decrease) in Net Assets Resulting from Operations 8,336 11,407
Distributions    
Net Decrease in Net Assets Resulting from Shareholders’ Distributions (13,060) (9,957)
Capital Share Transactions    
Issuance of shares of common stock 56,677 34,691
Share transfers between classes [1] 24 (338,702)
Repurchase of common shares (1,912) (26,354)
Reinvestment of shareholders’ distributions 4,069 5,238
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions 58,858 (325,127)
Class I common stock    
Increase (Decrease) in Net Assets Resulting from Operations    
Net Increase (Decrease) in Net Assets Resulting from Operations 165,996 171,312
Distributions    
Net Decrease in Net Assets Resulting from Shareholders’ Distributions (254,534) (153,736)
Capital Share Transactions    
Issuance of shares of common stock 1,328,427 827,014
Share transfers between classes [1] 22,566 339,389
Repurchase of common shares (148,539) (81,994)
Reinvestment of shareholders’ distributions 105,776 61,289
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions $ 1,308,230 $ 1,145,698
[1] In certain cases, and subject to Blue Owl Securities LLC’s (d/b/a Blue Owl Securities) (the “Dealer Manager”) approval, including in situations where a holder of Class S or Class D shares exits a relationship with a participating broker-dealer for this offering and does not enter into a new relationship with a participating broker-dealer for this offering, such holder’s shares may be exchanged into an equivalent net asset value amount of Class I shares.