v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net Investment Income [Line Items]      
Total investment income $ 983,052 $ 459,488 $ 83,548
Expenses:      
Interest and other debt expenses 229,450 81,167 9,957
Management fees 90,060 40,310 8,062
Incentive fees based on income 80,677 41,003 7,340
Incentive fees based on capital gains   (492) 492
Professional fees 4,545 2,372 1,516
Offering costs 1,246 1,632 1,655
Organization costs     519
Directors fees 680 671 330
Other general and administrative expenses 14,560 6,623 2,063
Total expenses 421,218 173,286 31,934
Fee waivers (84,207) (24,793) (6,812)
Expense support (25,592) (17,824) (6,927)
Reimbursable expenses previously borne by Investment Adviser     1,512
Net expenses 311,419 130,669 19,707
Net investment income 671,633 328,819 63,841
Net realized gain (loss) from:      
Foreign currency transactions 3,007 2,294 82
Warehouse transaction     2,617
Net change in unrealized appreciation (depreciation) from:      
Foreign currency translations (38,369) 14,491 (3,513)
Net realized and unrealized gains (losses) (72,735) (7,028) 3,936
Net increase in net assets from operations 598,898 321,791 67,777
Non-Controlled/Non-Affiliated Investments      
Net Investment Income [Line Items]      
Interest income 940,282 429,766 78,093
Other income 20,539 8,782 1,299
Net realized gain (loss) from:      
Non-controlled/non-affiliated investments (19,867) (6,228) (728)
Net change in unrealized appreciation (depreciation) from:      
Non-controlled/non-affiliated investments (7,066) (13,645) 5,478
Non-controlled Affiliated Investments      
Net Investment Income [Line Items]      
Dividend income 17,563 17,096 $ 4,156
Interest income 4,489 3,709  
Other income 179 135  
Net change in unrealized appreciation (depreciation) from:      
Non-controlled/non-affiliated investments $ (10,440) $ (3,940)  
Common Class I [Member]      
Net change in unrealized appreciation (depreciation) from:      
Weighted average common shares and common units outstanding 289,833,453 129,477,228 35,380,606
Net investment income per common share, basic $ 2.32 $ 2.54 $ 1.8
Net investment income per common share, diluted 2.32 2.54 1.8
Earnings per common share basic 2.07 2.49 1.92
Earnings per common share diluted $ 2.07 $ 2.49 $ 1.92