v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income        
Total Investment Income $ 97,844 $ 115,015 $ 191,241 $ 231,364
Expenses        
Interest 30,085 33,647 58,343 66,617
Management fees 12,960 12,918 25,553 26,001
Incentive fees on net investment income 8,672 11,089 17,124 22,606
Incentive fees on net capital gains 0 1,438 0 (2,248)
Professional fees 2,419 2,561 4,162 4,521
Directors’ fees 230 248 484 496
Other general and administrative 1,763 1,280 3,132 2,617
Total expenses 56,129 63,181 108,798 120,610
Management and incentive fees waived (Note 3) (470) (297) (788) (706)
Net Expenses 55,659 62,884 108,010 119,904
Net Investment Income Before Income Taxes 42,185 52,131 83,231 111,460
Income taxes, including excise taxes 1,301 1,291 2,505 2,642
Net Investment Income 40,884 50,840 80,726 108,818
Net change in unrealized gains (losses):        
Net Unrealized gains (losses) on investments     (38,295) 59,986
Translation of other assets and liabilities in foreign currencies 2,916 (25,764) 11,316 (36,807)
Income tax provision (727) 0 (727) 0
Total net change in unrealized gains (losses) (1,182) 45,039 (27,706) 23,179
Realized gains (losses):        
Realized gains (losses) on investments     (38,462) (35,688)
Foreign currency transactions 11 (73) (75) (352)
Total net realized gains (losses) 806 (36,876) (38,537) (36,040)
Total Net Unrealized and Realized Gains (Losses) (376) 8,163 (66,243) (12,861)
Increase (Decrease) in Net Assets Resulting from Operations Attributable to Members $ 40,508 $ 59,003 $ 14,483 $ 95,957
Earnings per common share—basic $ 0.43 $ 0.63 $ 0.15 $ 1.02
Weighted average shares of common stock outstanding—basic 95,021,455 93,971,164 94,866,293 93,821,251
Earnings per common share - diluted $ 0.43 $ 0.63 $ 0.15 $ 1.02
Weighted average shares of common stock outstanding - diluted 95,021,455 93,971,164 94,866,293 93,821,251
Non-controlled, Non-affiliated Investments        
Income        
Interest from investments $ 83,142 $ 98,684 $ 164,949 $ 202,877
Paid-in-kind interest income 6,722 5,783 13,691 11,143
Dividend income 257 387 494 1,295
Other income 3,959 7,609 6,140 11,068
Total Investment Income 94,080 112,463 185,274 226,383
Net change in unrealized gains (losses):        
Net Unrealized gains (losses) on investments (3,255) 73,790 (35,943) 64,352
Realized gains (losses):        
Realized gains (losses) on investments 795 (36,803) (38,462) (35,688)
Non-controlled, Affiliated Investments        
Income        
Dividend income 1,690 0 1,913 0
Total Investment Income 1,690 0 1,913 0
Net change in unrealized gains (losses):        
Net Unrealized gains (losses) on investments 2,441 0 2,441 0
Controlled, Affiliated Investments        
Income        
Interest from investments 2,069 2,549 4,040 4,977
Other income 5 3 14 4
Total Investment Income 2,074 2,552 4,054 4,981
Net change in unrealized gains (losses):        
Net Unrealized gains (losses) on investments $ (2,557) $ (2,987) $ (4,793) $ (4,366)