v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CHANGES IN NET ASSETS      
Balances at the beginning (in shares) 198,704,495 127,232,772 74,533,202
Balances at the beginning $ 2,059,727 $ 1,302,667 $ 754,916
Net investment income 236,803 195,850 115,886
Net realized gain (loss) (5,307) 2,218 1,624
Net change in unrealized gain (loss) $ (113,759) $ 8,405 $ (2,952)
Issuance of common stock (in shares) 89,915,928 69,594,569 52,940,232
Issuances of common stock $ 920,442 $ 717,832 $ 540,971
Repurchase of common stock (in shares) (12,642,274) (5,823,176) (4,241,002)
Repurchases of common stock $ (127,752) $ (60,059) $ (43,342)
Distributions declared to stockholders $ (249,201) $ (186,789) $ (105,328)
Stock issued in connection with dividend reinvestment plan (in shares) 10,699,073 7,700,328 4,000,340
Stock issued in connection with dividend reinvestment plan $ 109,626 $ 79,603 $ 40,892
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles $ 0 $ 0 $ 0
Balances at the end (in shares) 286,677,222 198,704,495 127,232,772
Balances at the end $ 2,830,579 $ 2,059,727 $ 1,302,667
Common Stock      
CHANGES IN NET ASSETS      
Balances at the beginning (in shares) 198,704,000 127,233,000 74,533,000
Balances at the beginning $ 199 $ 127 $ 75
Issuance of common stock (in shares) 89,916,000 69,595,000 52,940,000
Issuances of common stock $ 90 $ 70 $ 53
Repurchase of common stock (in shares) (12,642,000) (5,824,000) (4,240,000)
Repurchases of common stock $ (13) $ (6) $ (5)
Stock issued in connection with dividend reinvestment plan (in shares) 10,699,000 7,700,000 4,000,000
Stock issued in connection with dividend reinvestment plan $ 11 $ 8 $ 4
Balances at the end (in shares) 286,677,000 198,704,000 127,233,000
Balances at the end $ 287 $ 199 $ 127
Capital in excess of par value      
CHANGES IN NET ASSETS      
Balances at the beginning 2,018,583 1,282,378 744,404
Issuances of common stock 920,352 717,762 540,918
Repurchases of common stock (127,739) (60,053) (43,337)
Stock issued in connection with dividend reinvestment plan 109,615 79,595 40,888
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles 89 (1,099) (495)
Balances at the end 2,920,900 2,018,583 1,282,378
Accumulated undistributed (overdistributed) earnings      
CHANGES IN NET ASSETS      
Balances at the beginning 40,945 20,162 10,437
Net investment income 236,803 195,850 115,886
Net realized gain (loss) (5,307) 2,218 1,624
Net change in unrealized gain (loss) (113,759) 8,405 (2,952)
Distributions declared to stockholders (249,201) (186,789) (105,328)
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles (89) 1,099 495
Balances at the end $ (90,608) $ 40,945 $ 20,162