v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Investment income:    
Interest income $ 94,588 $ 54,413
Payment-in-kind interest income 1,064 465
Payment-in-kind dividend income 326 0
Dividend income 0 10
Other income 2,128 2,266
Total investment income 98,106 57,154
Expenses:    
Interest and debt expenses 33,464 14,966
Management fees (Note 3) 6,450 4,121
Income based incentive fee (Note 3) 7,108 4,632
Capital gains incentive fee (Note 3) 0 (330)
Administrative service fee 347 155
Board of Trustees fee 112 77
Other general and administrative expenses 1,140 804
Organization and offering costs 17 83
Total expenses 48,638 24,508
Incentive fees waiver (Note 3) 0 165
Net expenses, net of fee waivers 48,638 24,673
Excise tax expense (289) 0
Net investment income (loss) 49,757 32,481
Net realized and change in unrealized gain (loss):    
Total net realized gain (loss) (1,144) (761)
Net change in unrealized appreciation (depreciation):    
Non-controlled/non-affiliated investments (47,831) (3,664)
Translation of assets and liabilities in foreign currencies 651 (222)
Total net change in unrealized appreciation (depreciation) (47,180) (3,886)
Total net realized and change in unrealized gain (loss) (48,324) (4,647)
(Provision) benefit for taxes on unrealized appreciation of assets 867 0
Net increase (decrease) in net assets resulting from operations $ 2,300 $ 27,834
Per share information    
Net investment income (loss) per share - basic $ 0.58 $ 0.57
Net investment income (loss) per share - diluted 0.58 0.57
Earnings per share - basic 0.03 0.49
Earnings per share - diluted 0.03 0.49
Distributions declared per share $ 0.58 $ 0.6
Weighted average shares outstanding - basic 85,233,868 57,187,741
Weighted average shares outstanding - diluted 85,233,868 57,187,741
Non-Controlled/Non-Affiliated Investments    
Net realized and change in unrealized gain (loss):    
Non-controlled/non-affiliated investments $ (1,440) $ (743)
Foreign currency transactions $ 296 $ (18)