v3.26.1
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets    
Investments, at fair value: $ 5,956,417 [1],[2] $ 5,819,755 [3],[4]
Cash and cash equivalents 34,672 69,216
Restricted cash and cash equivalents 135,454 147,031
Interest and dividend receivable 93,118 65,242
Receivable for unsettled trades 3,770 27,213
Other assets 2,419 1,831
Total assets 6,225,850 6,130,288
Liabilities    
Debt 3,453,989 3,224,163
Less: Unamortized debt issuance costs (33,233) (30,656)
Total debt, less unamortized debt issuance costs 3,420,756 3,193,507
Interest payable 41,243 35,001
Net unrealized loss on foreign currency forward contracts 2,839 3,172
Payable for unsettled trades 1,613 12,492
Base management fees payable 15,441 18,480
Incentive fees payable 9,096 9,187
Accounts payable and accrued expenses 25,200 27,870
Total liabilities 3,516,188 3,299,709
Commitments and contingencies (See Note 11)
Net Assets    
Common stock, $0.001 par value, 600,000 shares authorized, 277,444 and 286,677 shares issued and outstanding, respectively 278 287
Capital in excess of par value 2,830,251 2,920,900
Accumulated undistributed (overdistributed) earnings (120,867) (90,608)
Total net assets 2,709,662 2,830,579
Total liabilities and total net assets $ 6,225,850 $ 6,130,288
Net asset value per share (in dollars per share) $ 9.77 $ 9.87
Non-controlled/non-affiliate company investments    
Assets    
Investments, at fair value: $ 5,511,611 [1],[2],[5],[6],[7] $ 5,511,585 [3],[4]
Non-controlled affiliate company investments    
Assets    
Investments, at fair value: 401,924 [1],[2],[8] 308,170 [3],[4],[9]
Controlled affiliate company investments    
Assets    
Investments, at fair value: $ 42,882 [1],[2],[8],[10] $ 0
[1] All of the Company’s investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), unless otherwise noted. All of the Company’s investments are issued by U.S. portfolio companies unless otherwise noted.
[2] Except as otherwise noted, because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee (see Note 4 in the accompanying notes to the consolidated financial statements).
[3] All of the Company’s investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), unless otherwise noted. All of the Company’s investments are issued by U.S. portfolio companies unless otherwise noted.
[4] Except as otherwise noted, because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee (see Note 4 in the accompanying notes to the consolidated financial statements).
[5] Investments without an interest rate are non-income producing.
[6] Ownership of certain equity investments may occur through a holding company or partnership.
[7] Represents less than 5% ownership of the portfolio company’s voting securities.
[8] As defined in the 1940 Act, the Company is deemed to be an “Affiliated Person” of the portfolio company as it owns 5% or more of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to control).
[9] As defined in the 1940 Act, the Company is deemed to be an “Affiliated Person” of the portfolio company as it owns 5% or more of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to control).
[10] As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and to “Control” this portfolio company as it owns more than 25% of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to Control.