v3.26.1
Consolidated Statement of Changes in Net Assets - USD ($)
$ in Thousands
12 Months Ended 48 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2025
Beginning Balance, Shares 100,611,506 40,279,212 22,126,135 12,000,000
Beginning Balance, Net assets $ 2,401,934 $ 937,586 $ 481,846  
Operations:        
Net investment income 268,542 183,025 96,142  
Net realized gain (loss) 13,907 26,176 2,439  
Net change in unrealized appreciation (depreciation) (20,390) 16,107 37,095  
Net increase (decrease) in net assets resulting from operations 262,059 225,308 135,676  
Shareholder distributions:        
From distributable earnings (278,010)      
From return of capital (9,943)      
Distributions paid or accrued/Distributions to shareholders (287,953) (217,118) (96,770)  
Net increase (decrease) in net assets resulting from shareholder distributions (287,953) (217,118) (96,770)  
Capital Share Transactions:        
Common Shares issued from reinvestment of distributions, shares       15,234,094
Common Shares issued from reinvestment of distributions 103,062 131,158 81,084 $ 358,521
Issuance of preferred shares [1]     750  
Redemption of preferred shares [2] $ (750)      
Issuance of common shares, shares 200,000,000      
Issuance of common shares $ 800,000 1,325,000 335,000  
Net increase (decrease) for the period $ 876,418 $ 1,464,348 $ 455,740  
Ending Balance, Shares 138,244,276 100,611,506 40,279,212 138,244,276
Ending Balance, Net assets $ 3,278,352 $ 2,401,934 $ 937,586 $ 3,278,352
Preferred Shares        
Beginning Balance, Shares 250 250    
Capital Share Transactions:        
Issuance of preferred shares, shares [1]     250  
Redemption of preferred shares, Shares [2] (250)      
Net increase (decrease) for the period, shares (250)   250  
Ending Balance, Shares 0 250 250 0
Common Shares        
Beginning Balance, Shares 100,611,506 40,279,212 22,126,135  
Beginning Balance, Net assets $ 101 $ 40 $ 22  
Capital Share Transactions:        
Common Shares issued from reinvestment of distributions, shares 4,328,462 5,498,875 3,568,598  
Common Shares issued from reinvestment of distributions $ 4 $ 6 $ 3  
Issuance of common shares, shares 33,304,308 54,833,419 14,584,479  
Issuance of common shares $ 33 $ 55 $ 15  
Net increase (decrease) for the period, shares 37,632,770 60,332,294 18,153,077  
Net increase (decrease) for the period $ 37 $ 61 $ 18  
Ending Balance, Shares 138,244,276 100,611,506 40,279,212 138,244,276
Ending Balance, Net assets $ 138 $ 101 $ 40 $ 138
Paid-in-Capital in Excess of Par Value        
Beginning Balance, Net assets 2,409,165 952,889 535,300  
Shareholder distributions:        
From return of capital (9,943)      
Net increase (decrease) in net assets resulting from shareholder distributions (9,943)      
Capital Share Transactions:        
Common Shares issued from reinvestment of distributions 103,058 131,152 81,081  
Issuance of preferred shares [1]     750  
Redemption of preferred shares [2] (750)      
Issuance of common shares 799,967 1,324,945 334,985  
Tax reclassification of shareholder's equity in accordance with generally accepted accounting principles (111) 179 773  
Net increase (decrease) for the period 892,221 1,456,276 417,589  
Ending Balance, Net assets 3,301,386 2,409,165 952,889 3,301,386
Accumulated Earnings (Loss), Net of Distributions        
Beginning Balance, Net assets (7,332) (15,343) (53,476)  
Operations:        
Net investment income 268,542 183,025 96,142  
Net realized gain (loss) 13,907 26,176 2,439  
Net change in unrealized appreciation (depreciation) (20,390) 16,107 37,095  
Net increase (decrease) in net assets resulting from operations 262,059 225,308 135,676  
Shareholder distributions:        
From distributable earnings (278,010)      
Distributions paid or accrued/Distributions to shareholders   (217,118) (96,770)  
Net increase (decrease) in net assets resulting from shareholder distributions (278,010) (217,118) (96,770)  
Capital Share Transactions:        
Tax reclassification of shareholder's equity in accordance with generally accepted accounting principles 111 (179) (773)  
Net increase (decrease) for the period (15,840) 8,011 38,133  
Ending Balance, Net assets $ (23,172) $ (7,332) $ (15,343) $ (23,172)
[1] Issuance of preferred shares par value is zero due to rounding..
[2] Redemption of preferred shares par value is zero due to rounding