v3.26.1
Consolidated Statements of Assets and Liabilities (Unaudited) (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 0 0
Preferred stock, shares outstanding 250 250
Investments at amortized cost $ 6,389,065 $ 4,534,957
Common stock, par value $ 0.001 $ 0.001
Common stock, authorized 200,000,000 200,000,000
Common stock, issued 138,244,276 100,611,506
Common stock, outstanding 138,244,276 100,611,506
Non-controlled/Non-affiliated Investments    
Investments at amortized cost $ 6,389,065 [1],[2],[3],[4],[5] $ 4,534,957 [6],[7],[8],[9],[10]
[1] All debt and equity investments are income producing unless otherwise noted.
[2] All investments are non-controlled/non-affiliated investments as defined by the 1940 Act. The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities. The provisions of the 1940 Act also
classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[3] All investments are pledged as collateral under the Company's Credit Facilities (as defined below) (see Note 7. Borrowings). A single investment may be divided into parts that are individually pledged as collateral to our Credit Facilities.
[4] Cost represents amortized cost, inclusive of any capitalized paid-in-kind income ("PIK"), for debt securities, and cost plus capitalized PIK, if any, for preferred stock.
[5] Security may be an obligation of one or more entities affiliated with the named portfolio company.
[6] All debt and equity investments are income producing unless otherwise noted.
[7] All debt investments are pledged as collateral under the Company's credit facilities. As defined below (see Note 7. Borrowings), credit facilities, a single investment may be divided into parts that are individually pledged as collateral to our credit facilities.
[8] All investments are non-controlled/non-affiliated investments as defined by the 1940 Act. The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities. The provisions of the 1940 Act also classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[9] Cost represents amortized cost, inclusive of any capitalized paid-in-kind income ("PIK"), for debt securities, and cost plus capitalized PIK, if any, for preferred stock.
[10] Security may be an obligation of one or more entities affiliated with the named portfolio company.