v3.26.1
Consolidated Statement of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment income, From non-controlled/non-affiliated investments:      
Total investment income $ 570,857 $ 405,172 $ 196,724
Expenses:      
Interest expense 201,095 147,803 66,206
Income based incentive fee 47,218 33,244 16,950
Management fees 40,220 25,213 11,535
Administration expense 5,721 5,169 2,551
Capital gains incentive fee (972) 5,359  
Professional fees 5,581 3,214 2,087
Custody expense 1,423 970 401
General and other expenses 1,505 717 422
Board of directors' fee 310 277 310
Organization and offering costs 27 77 21
Transfer agency fees 187 104 99
Total expenses 302,315 222,147 100,582
Net investment income (loss) 268,542 183,025 96,142
Realized and unrealized gain (loss):      
Foreign currency forward contracts (6,868) 3,137 (2,076)
Foreign currency transactions (78) 110 (327)
Net realized gain (loss) 13,907 26,176 2,439
Net change in unrealized appreciation (depreciation):      
Foreign currency forward contracts 8,919 (859)  
Foreign currency transactions 28 (1) (9)
Net change in unrealized appreciation (depreciation) (20,390) 16,107 37,095
Net realized and unrealized gain (loss) (6,483) 42,283 39,534
Net increase (decrease) in net assets resulting from operations 262,059 225,308 135,676
Preferred Stock Dividends (86) (90) (8)
Net increase (decrease) in net assets resulting from operations applicable to common shareholders $ 261,973 $ 225,218 $ 135,668
Per share information - basic and diluted:      
Net investment income (loss) per share, basic $ 2.43 $ 2.77 $ 3.23
Net investment income (loss) per share, diluted 2.43 2.77 3.23
Earnings per share, basic 2.38 3.41 4.56
Earnings per share, diluted 2.38 3.41 4.56
Distributions declared per common share $ 2.54 $ 3 $ 3.09
Weighted average shares outstanding, basic 110,291,031 66,018,618 29,738,420
Weighted average shares outstanding, diluted 110,291,031 66,018,618 29,738,420
Non-controlled/Non-affiliated Investments      
Investment income, From non-controlled/non-affiliated investments:      
Interest income $ 525,007 $ 372,474 $ 176,120
Dividend Income 1,143 (230) 1,040
Payment-in-kind interest income 31,760 15,187 12,365
Payment-in-kind dividend income 4,591 7,350 2,945
Other income 8,356 10,391 4,254
Realized and unrealized gain (loss):      
Net realized gains (losses) 20,853 22,929 4,842
Net change in unrealized appreciation (depreciation):      
Net change in unrealized appreciation (depreciation) 7,884 5,870 37,565
Foreign Currency Forward Contracts      
Realized and unrealized gain (loss):      
Foreign currency forward contracts (6,868) 3,137 (2,076)
Net change in unrealized appreciation (depreciation):      
Foreign currency forward contracts $ (28,302) $ 10,238 $ (461)