v3.25.2
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Investments at fair value $ 12,728,642 $ 6,407,466
Cash (restricted cash of $— and $—, respectively) 169,024 252,964
Foreign cash (cost of $1,518 and $4,040, respectively) 1,499 4,036
Interest receivable 82,414 45,838
Dividend income receivable 5,920 1,929
Prepaid expenses and other assets 55,433 10,388
Total Assets 13,042,932 6,722,621
Liabilities    
Debt (net of unamortized debt issuance costs of $87,155 and $37,495, respectively) 4,752,225 2,914,509
Management fee payable 32,508 14,687
Distribution payable 162,793 70,998
Incentive fee payable 28,052 11,133
Payables to affiliates 61 1,903
Payable for investments purchased 0 52,796
Accrued expenses and other liabilities 81,875 31,445
Total Liabilities 5,057,514 3,097,471
Commitments and contingencies (Note 8)
Net Assets    
Common shares $0.01 par value, 1,000,000,000 shares authorized; 465,126,583 and 212,155,118 shares issued and outstanding, respectively 4,651 2,122
Additional paid-in-capital 7,665,630 3,352,211
Total accumulated undistributed earnings 315,137 270,817
Total Net Assets 7,985,418 3,625,150
Total Liabilities and Net Assets $ 13,042,932 $ 6,722,621
Net Asset Value Per Share (in USD per share) $ 17.17 $ 17.09
Non-controlled, non-affiliated investments    
Assets    
Investments at fair value $ 11,906,643 $ 5,892,773
Non-controlled, affiliated investments    
Assets    
Investments at fair value 690,296 407,303
Controlled, affiliated investments    
Assets    
Investments at fair value $ 131,703 $ 107,390