v3.25.4
Merger with MMLC II - Summary of Assets and Liabilities Acquired (Details) - USD ($)
$ in Thousands
Oct. 12, 2025
Dec. 31, 2025
Oct. 14, 2025
Jul. 11, 2025
Dec. 31, 2024
Assets acquired:          
Investments at fair value   $ 15,674,510 [1]     $ 7,273,815
Interest and dividends receivable   $ 86,798     $ 40,396
MMLC II          
Assets acquired:          
Investments at fair value $ 886,381   $ 886,381    
Cash and cash equivalents 15,012   15,012    
Interest and dividends receivable 6,705   6,705    
Other assets 10   10    
Total assets acquired 908,108   908,108    
Liabilities assumed          
Debt 450,604 [2]   450,604    
Dividend payable 8,297        
Transaction/merger fees and expenses payable 3,140        
Accrued expenses and other liabilities [3] 4,885        
Total liabilities assumed 466,926   $ 466,926    
Net assets acquired 441,182     $ 441,182  
Transaction cost 3,636        
Total consideration paid $ 444,818        
[1] For Industry subtotal and percentage, see Note 4 “Investments.”
[2] The Company repaid $425,604 of the Debt assumed in connection with the Merger.
[3] Includes $1,893 of management fees payable and $1,516 of incentive fees payable.