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
Investment Income        
Total investment income from non-controlled, non-affiliated investments $ 841,482 $ 782,098 $ 1,674,985 $ 1,489,348
Operating Expenses        
Offering costs 695 1,580 2,335 3,542
Interest expense 267,236 249,963 524,443 466,523
Management fees [1] 60,392 51,511 122,622 97,908
Performance based incentive fees 60,771 56,824 121,611 109,499
Professional fees 7,794 7,258 14,545 12,854
Directors' fees 445 320 890 640
Shareholder servicing fees 13,337 12,532 26,983 23,940
Other general and administrative 5,185 3,997 9,846 7,383
Total Operating Expenses 415,855 383,985 823,275 722,289
Net Investment Income (Loss) Before Taxes 425,627 398,113 851,710 767,059
Income tax expense (benefit), including excise tax expense (benefit) (4) 341 (29) 561
Net Investment Income (Loss) After Taxes 425,631 397,772 851,739 766,498
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss)     (472,814) (100,145)
Translation of assets and liabilities in foreign currencies 978 (2,578) (5,495) 4,950
Income tax (provision) benefit (272) (1,235) 10 (1,066)
Total Net Change in Unrealized Gain (Loss) (34,848) (43,148) (478,299) (96,261)
Net realized gain (loss):        
Non-controlled, non-affiliated investments     (86,142) (49,546)
Foreign currency transactions (212) 5,241 3,892 (774)
Total Net Realized Gain (Loss) (19,227) 13,560 (82,250) (50,320)
Total Net Realized and Change in Unrealized Gain (Loss) (54,075) (29,588) (560,549) (146,581)
Net Increase (Decrease) in Net Assets Resulting from Operations 371,556 368,184 291,190 619,917
Class S        
Net realized gain (loss):        
Net Increase (Decrease) in Net Assets Resulting from Operations $ 110,713 $ 114,113 $ 77,189 $ 191,514
Earnings Per Share - Basic (in usd per share) $ 0.16 $ 0.19 $ 0.11 $ 0.33
Earnings Per Share - Diluted (in usd per share) $ 0.16 $ 0.19 $ 0.11 $ 0.33
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 677,788,032 607,882,907 681,694,382 580,809,758
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 677,788,032 607,882,907 681,694,382 580,809,758
Class D        
Net realized gain (loss):        
Net Increase (Decrease) in Net Assets Resulting from Operations $ 7,953 $ 11,606 $ 5,589 $ 19,942
Earnings Per Share - Basic (in usd per share) $ 0.17 $ 0.20 $ 0.11 $ 0.35
Earnings Per Share - Diluted (in usd per share) $ 0.17 $ 0.20 $ 0.11 $ 0.35
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 45,717,405 58,468,742 53,129,561 56,573,122
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 45,717,405 58,468,742 53,129,561 56,573,122
Class I        
Net realized gain (loss):        
Net Increase (Decrease) in Net Assets Resulting from Operations $ 252,890 $ 242,465 $ 208,412 $ 408,461
Earnings Per Share - Basic (in usd per share) $ 0.18 $ 0.21 $ 0.15 $ 0.37
Earnings Per Share - Diluted (in usd per share) $ 0.18 $ 0.21 $ 0.15 $ 0.37
Weighted Average Shares of Common Stock Outstanding - Basic (in shares) 1,402,819,846 1,172,654,549 1,417,455,689 1,108,266,084
Weighted Average Shares of Common Stock Outstanding - Diluted (in shares) 1,402,819,846 1,172,654,549 1,417,455,689 1,108,266,084
Non-controlled, non-affiliated investments        
Investment Income        
Interest income $ 724,429 $ 698,256 $ 1,463,990 $ 1,326,288
Payment-in-kind ("PIK") interest income 37,191 32,187 68,337 60,907
Dividend income 1,508 738 2,486 2,347
PIK dividend income 15,591 14,341 31,030 27,685
Other income 11,375 13,023 20,290 20,852
Total investment income from non-controlled, non-affiliated investments 790,094 758,545 1,586,133 1,438,079
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) (44,733) (54,241) (437,329) (108,694)
Net realized gain (loss):        
Non-controlled, non-affiliated investments (19,015) 8,319 (86,142) (49,546)
Non-controlled, affiliated investments        
Investment Income        
Interest income 21 15 41 37
Payment-in-kind ("PIK") interest income 4 50 9 92
Dividend income 396 343 610 343
Other income 1 2 2 2
Total investment income from non-controlled, non-affiliated investments 422 410 662 474
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) 3,700 (289) 3,094 (371)
Controlled, affiliated investments        
Investment Income        
Interest income 4,283 3,289 6,370 6,054
Payment-in-kind ("PIK") interest income 2,366 0 6,532 0
Dividend income 44,122 19,854 74,898 44,741
Other income 195 0 390 0
Total investment income from non-controlled, non-affiliated investments 50,966 23,143 88,190 50,795
Net change in unrealized gain (loss):        
Net change in unrealized gain (loss) $ 5,479 $ 15,195 $ (38,579) $ 8,920
[1] Refer to “Note 3 — Agreements and Related Party Transactions” for additional details on management fee waiver.