v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment Income    
Total investment income from non-controlled, non-affiliated investments $ 833,503 $ 707,250
Operating Expenses    
Offering costs 1,640 1,962
Interest expense 257,207 216,560
Management fees, net [1] 62,230 46,397
Performance based incentive fees 60,840 52,675
Professional fees 6,751 5,596
Directors' fees 445 320
Shareholder servicing fees 13,646 11,408
Other general and administrative 4,661 3,386
Total Operating Expenses 407,420 338,304
Net Investment Income (Loss) Before Taxes 426,083 368,946
Income tax expense (benefit), including excise tax expense (benefit) (25) 220
Net Investment Income (Loss) After Taxes 426,108 368,726
Net change in unrealized gain (loss):    
Net change in unrealized gain (loss) (437,260) (60,810)
Translation of assets and liabilities in foreign currencies (6,473) 7,528
Income tax (provision) benefit 282 169
Total Net Change in Unrealized Gain (Loss) (443,451) (53,113)
Net realized gain (loss):    
Non-controlled, non-affiliated investments (67,127) (57,865)
Foreign currency transactions 4,104 (6,015)
Total Net Realized Gain (Loss) (63,023) (63,880)
Total Net Realized and Change in Unrealized Gain (Loss) (506,474) (116,993)
Net Increase (Decrease) in Net Assets Resulting from Operations (80,366) 251,733
Class S    
Net realized gain (loss):    
Net Increase (Decrease) in Net Assets Resulting from Operations $ (33,524) $ 77,401
Earnings Per Share - Basic (in usd per share) $ (0.05) $ 0.14
Earnings Per Share - Diluted (in usd per share) $ (0.05) $ 0.14
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 685,644,136 553,435,797
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 685,644,136 553,435,797
Class D    
Net realized gain (loss):    
Net Increase (Decrease) in Net Assets Resulting from Operations $ (2,364) $ 8,336
Earnings Per Share - Basic (in usd per share) $ (0.04) $ 0.15
Earnings Per Share - Diluted (in usd per share) $ (0.04) $ 0.15
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 60,624,074 54,656,440
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 60,624,074 54,656,440
Class I    
Net realized gain (loss):    
Net Increase (Decrease) in Net Assets Resulting from Operations $ (44,478) $ 165,996
Earnings Per Share - Basic (in usd per share) $ (0.03) $ 0.16
Earnings Per Share - Diluted (in usd per share) $ (0.03) $ 0.16
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 1,432,254,151 1,043,162,192
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 1,432,254,151 1,043,162,192
Non-controlled, non-affiliated investments    
Investment Income    
Interest income $ 739,561 $ 628,032
Payment-in-kind ("PIK") interest income 31,146 28,720
Dividend income 978 1,609
PIK dividend income 15,439 13,344
Other income 8,915 7,829
Total investment income from non-controlled, non-affiliated investments 796,039 679,534
Net change in unrealized gain (loss):    
Net change in unrealized gain (loss) (392,596) (54,453)
Net realized gain (loss):    
Non-controlled, non-affiliated investments (67,127) (57,865)
Non-controlled, affiliated investments    
Investment Income    
Interest income 20 22
Payment-in-kind ("PIK") interest income 5 42
Dividend income 214 0
Other income 1 0
Total investment income from non-controlled, non-affiliated investments 240 64
Net change in unrealized gain (loss):    
Net change in unrealized gain (loss) (606) (82)
Controlled, affiliated investments    
Investment Income    
Interest income 2,087 2,765
Payment-in-kind ("PIK") interest income 4,166 0
Dividend income 30,776 24,887
Other income 195 0
Total investment income from non-controlled, non-affiliated investments 37,224 27,652
Net change in unrealized gain (loss):    
Net change in unrealized gain (loss) $ (44,058) $ (6,275)
[1] Refer to “Note 3 — Agreements and Related Party Transactions” for additional details on management fee waiver.