v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income:        
Payment-in-kind interest income $ 5,391 $ 5,676 $ 9,959 $ 8,821
Dividend income 3,877 1,409 7,788 1,890
Other income 805 375 3,381 830
Total investment income 148,858 133,287 298,455 246,717
Operating expenses:        
Interest and other debt financing expenses 55,929 44,272 108,926 83,865
Base management fees 19,302 15,868 38,244 29,944
Incentive fees 9,096 8,293 18,709 14,579
Professional fees 1,319 694 2,682 1,423
Administrative service fees 1,320 1,096 2,868 2,058
General and administrative expenses 1,742 1,094 3,307 2,043
Directors’ fees 37 37 75 75
Total operating expenses before fee waivers 88,745 71,354 174,811 133,987
Base management fee waivers (3,861) 0 (7,649) 0
Total operating expenses, net of fee waivers 84,884 71,354 167,162 133,987
Net investment income before income taxes 63,974 61,933 131,293 112,730
Income taxes, including excise taxes 293 36 320 411
Net investment income 63,681 61,897 130,973 112,319
Net realized gain (loss):        
Non-controlled/non-affiliate company investments     (40,649) (1,640)
Foreign currency forward contracts (79) (1,184) (166) (1,130)
Foreign currency and other transactions (1,171) 1,275 (1,095) 1,229
Net realized gain (loss) (30,165) (1,667) (41,910) (1,541)
Net change in unrealized gain (loss):        
Unrealized gain (loss) of investments     2,567 (10,560)
Foreign currency forward contracts 509 (2,086) 333 (2,833)
Foreign currency and other transactions 963 (7,269) 1,548 (10,026)
Net change in unrealized gain (loss) 22,147 (16,871) 4,448 (23,419)
Net gain (loss) (8,018) (18,538) (37,462) (24,960)
Net increase (decrease) in net assets resulting from operations $ 55,663 $ 43,359 $ 93,511 $ 87,359
Per common share data:        
Net increase (decrease) in net assets resulting from operations per share - basic (in dollars per share) $ 0.20 $ 0.18 $ 0.33 $ 0.39
Net increase (decrease) in net assets resulting from operations per share - diluted (in dollars per share) $ 0.20 $ 0.18 $ 0.33 $ 0.39
Weighted average common shares outstanding - basic (in shares) 283,757 240,969 286,641 222,149
Weighted average common shares outstanding - diluted (in shares) 283,757 240,969 286,641 222,149
Non-controlled/non-affiliate company investments        
Investment income:        
Interest income $ 136,140 $ 123,998 $ 273,030 $ 231,559
Payment-in-kind interest income 3,681 5,114 7,078 7,742
Dividend income 759 628 1,682 1,109
Other income 805 333 3,381 788
Total investment income 141,385 130,073 285,171 241,198
Net realized gain (loss):        
Non-controlled/non-affiliate company investments (28,915) (1,758) (40,649) (1,640)
Net change in unrealized gain (loss):        
Unrealized gain (loss) of investments 2,016 (3,473) (5,755) (6,294)
Non-controlled/affiliate company investments        
Investment income:        
Interest income 2,222 1,829 3,874 3,617
Payment-in-kind interest income 1,710 562 2,881 1,079
Dividend income 3,118 781 6,106 781
Other income 0 42 0 42
Total investment income 7,050 3,214 12,861 5,519
Net realized gain (loss):        
Non-controlled/non-affiliate company investments     0 0
Net change in unrealized gain (loss):        
Unrealized gain (loss) of investments 17,119 (4,043) 6,782 (4,266)
Controlled affiliate company investments        
Investment income:        
Interest income 423 0 423 0
Payment-in-kind interest income     0  
Other income     0 0
Total investment income 423 0 423 0
Net realized gain (loss):        
Non-controlled/non-affiliate company investments     0  
Net change in unrealized gain (loss):        
Unrealized gain (loss) of investments $ 1,540 $ 0 $ 1,540 $ 0