v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Investments, at fair value $ 3,554,287 [1],[2] $ 3,771,546 [3],[4]
Cash and cash equivalents (restricted cash of $8,600 and $3,820) 65,816 81,434
Investments in unaffiliated money market fund (cost of $14,357 and $12,976) 14,357 12,976
Deferred financing costs 18,914 16,874
Interest and dividend receivable from non-controlled/non-affiliated investments 23,670 26,332
Interest receivable from non-controlled/affiliated investments 146 89
Dividend receivable from controlled/affiliated investments 3,016 0
Receivable for investments sold/repaid 30,142 455
Other assets 391 10,390
Total assets 3,710,739 3,920,096
Liabilities    
Debt (net of unamortized debt issuance costs of $9,288 and $10,545) 1,981,897 2,086,672
Distributions payable 38,103 43,222
Management fees payable 9,182 9,596
Income based incentive fees payable 6,518 7,281
Interest payable 18,776 20,945
Payable for investment purchased 11 0
Payable to affiliates (Note 3) 51 91
Accrued expenses and other liabilities 8,333 4,200
Total liabilities 2,062,871 2,172,007
Commitments and contingencies (Note 7)
Net assets    
Preferred stock, $0.001 par value (1,000,000 shares authorized; no shares issued and outstanding) 0 0
Common stock, par value $0.001 (500,000,000 shares authorized; 85,504,322 and 86,276,305 shares issued and outstanding) 85 86
Paid-in capital in excess of par value 1,740,413 1,767,623
Distributable earnings (loss) (92,630) (19,620)
Total net assets 1,647,868 [5] 1,748,089
Total liabilities and net assets $ 3,710,739 $ 3,920,096
Net asset value per share [6] $ 19.5 $ 20.26
Non-Controlled/Non-Affiliated Investments    
Assets    
Investments, at fair value $ 3,418,959 $ 3,766,757
Non-Controlled/Affiliated Investments    
Assets    
Investments, at fair value 32,784 4,789
Controlled/affiliated investments    
Assets    
Investments, at fair value $ 102,544 $ 0
[1] Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” includes the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments (including preferred equity investments) are non-income producing unless otherwise noted. Certain portfolio company investments are subject to contractual restrictions on sales. Under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “1940 Act”), the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of June 30, 2026, the Company “controls” one of its portfolio companies, as indicated below. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of June 30, 2026, the Company was an “affiliated person” of four of its portfolio companies, as indicated below.
[2] Unless otherwise indicated, the Company’s investments are pledged as collateral supporting the amounts outstanding under the Truist Credit Facility (as defined below). See Note 6 “Debt” for further information.
[3] Unless otherwise indicated, issuers of debt and equity investments held by the Company (which such term “Company” shall include the Company’s consolidated subsidiaries for purposes of this Consolidated Schedule of Investments) are denominated in dollars. All debt investments are income producing unless otherwise indicated. All equity investments (including preferred equity investments) are non-income producing unless otherwise noted. Certain portfolio
company investments are subject to contractual restrictions on sales. Under the 1940 Act, the Company would be deemed to “control” a portfolio company if the Company owned more than 25% of its outstanding voting securities and/or held the power to exercise control over the management or policies of the portfolio company. As of December 31, 2025, the Company does not “control” any of these portfolio companies. Under the 1940 Act, the Company would be deemed an “affiliated person” of a portfolio company if the Company owns 5% or more of the portfolio company’s outstanding voting securities. As of December 31, 2025, the Company is an “affiliated person” of one of its portfolio companies, as indicated below.
[4] Unless otherwise indicated, the Company’s investments are pledged as collateral supporting the amounts outstanding under the Truist Credit Facility (as defined below). See Note 6 “Debt”.
[5] Amounts are annualized except for incentive fees and offering costs, as applicable.
[6] The per share data was derived by using the weighted average shares outstanding during the period, except otherwise noted.