v3.26.1
Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment Income    
Total Investment Income $ 135,076,000 $ 141,586,000
Operating Expenses    
Offering costs 310,000 814,000
Interest expense 47,185,000 41,076,000
Management fees, net [1] 10,275,000 9,629,000
Capital gains incentive fees 0 (1,337,000)
Performance based incentive fees 9,051,000 10,521,000
Professional fees 1,308,000 2,063,000
Directors' fees 322,000 399,000
Shareholder servicing fees 1,758,000 1,668,000
Other general and administrative 1,503,000 1,778,000
Total Operating Expenses 71,712,000 66,611,000
Net Investment Income (Loss) Before Taxes 63,364,000 74,975,000
Income tax expense (benefit), including excise tax expense (benefit) 0 0
Net Investment Income (Loss) After Taxes 63,364,000 74,975,000
Net change in unrealized gain (loss):    
Translation of assets and liabilities in foreign currencies and other transactions (1,298,000) 210,000
Total Net Change in Unrealized Gain (Loss) (167,691,000) (24,505,000)
Net realized gain (loss):    
Net realized gain (loss) (640,000) (2,435,000)
Foreign currency transactions 69,000 (31,000)
Total Net Realized Gain (Loss) (571,000) (2,466,000)
Total Net Realized and Change in Unrealized Gain (Loss) (168,262,000) (26,971,000)
Net Increase (Decrease) in Net Assets Resulting from Operations (104,898,000) 48,004,000
Class S    
Net realized gain (loss):    
Net Increase (Decrease) in Net Assets Resulting from Operations $ (29,611,000) $ 10,496,000
Earnings Per Share - Basic (in USD per share) $ (0.36) $ 0.14
Earnings Per Share - Diluted (in USD per share) $ (0.36) $ 0.14
Weighted Average Shares Outstanding - Basic (in shares) 82,345,091 75,522,643
Weighted Average Shares Outstanding - Diluted (in shares) 82,345,091 75,522,643
Class D    
Net realized gain (loss):    
Net Increase (Decrease) in Net Assets Resulting from Operations $ (378,000) $ 251,000
Earnings Per Share - Basic (in USD per share) $ (0.32) $ 0.15
Earnings Per Share - Diluted (in USD per share) $ (0.32) $ 0.15
Weighted Average Shares Outstanding - Basic (in shares) 1,168,186 1,620,453
Weighted Average Shares Outstanding - Diluted (in shares) 1,168,186 1,620,453
Class I    
Net realized gain (loss):    
Net Increase (Decrease) in Net Assets Resulting from Operations $ (74,909,000) $ 37,257,000
Earnings Per Share - Basic (in USD per share) $ (0.34) $ 0.16
Earnings Per Share - Diluted (in USD per share) $ (0.34) $ 0.16
Weighted Average Shares Outstanding - Basic (in shares) 220,856,101 231,435,849
Weighted Average Shares Outstanding - Diluted (in shares) 220,856,101 231,435,849
Non-controlled, non-affiliated issuer    
Investment Income    
Interest income $ 118,335,000 $ 127,363,000
Payment-in-kind (“PIK”) interest income 7,872,000 6,220,000
PIK dividend income 4,534,000 4,283,000
Dividend income 2,000 857,000
Other income 1,211,000 2,318,000
Total Investment Income 131,954,000 141,041,000
Net change in unrealized gain (loss):    
Net change in unrealized gain (loss) (167,429,000) (24,866,000)
Non-controlled, affiliated issuer    
Investment Income    
Interest income 0  
Dividend income 2,801,000 518,000
Other income 0  
Total Investment Income 2,801,000 518,000
Net change in unrealized gain (loss):    
Net change in unrealized gain (loss) 181,000 195,000
Controlled, affiliated issuer    
Investment Income    
Interest income 0  
Dividend income 321,000 27,000
Other income 0  
Total Investment Income 321,000 27,000
Net change in unrealized gain (loss):    
Net change in unrealized gain (loss) $ 855,000 $ (44,000)
[1] Refer to “Note 3 — Agreements and Related Party Transactions” for additional details on management fee waiver.