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        
Payment-in-kind interest     $ 3,030 $ 2,244
Gross Investment Income, Operating $ 116,502 $ 95,953 226,141 184,808
Expenses        
Interest 35,433 32,605 67,924 64,558
Income incentive fees [1] 8,588 6,718 16,815 12,804
Management fees [1] 8,039 5,580 15,587 10,502
Professional fees 1,600 597 2,783 1,123
Other 887 1,306 2,046 2,301
Administrative fees 424 [1] 454 [1] 932 830 [1]
Offering costs 454 486 873 1,098
Capital gains incentive fees [1] 125 277 469 277
Insurance fees 162 77 334 265
Accounting fees 63 255 242 428
Trustees' fees 58 58 117 116
Total expenses 56,483 48,788 109,384 94,935
Net expenses 56,483 48,674 109,384 94,746
Net investment income (loss) before taxes 60,019 47,279 116,757 90,062
Deferred federal tax provision [2] 630 720 (294) 1,000
Current federal tax [2] 53 76 1,076 163
Net investment income (loss) after taxes 59,336 46,483 115,975 88,899
Net realized gain (loss) on investment transactions:        
Non-controlled, non-affiliated investments and affiliated investments     4,500 764
Foreign currency forward contracts (1) (11) (7) 36
Net change in unrealized gain (loss) on investment transactions:        
Non-controlled, non-affiliated investments and affiliated investments     1,422 2,741
Total net realized and change in unrealized gain (loss) on investment transactions 845 2,798 5,840 3,815
Net increase (decrease) in net assets resulting from operations 60,181 49,281 121,815 92,714
Interest rate swaps and options        
Net change in unrealized gain (loss) on investment transactions:        
Interest rate swaps and options and foreign currency forward contracts (346) (110) (84) 326
Foreign currency forward contracts        
Net realized gain (loss) on investment transactions:        
Foreign currency forward contracts (1) (11) (7) 36
Net change in unrealized gain (loss) on investment transactions:        
Interest rate swaps and options and foreign currency forward contracts 0 (7) 9 (52)
Class S shares        
Expenses        
Distribution and shareholder servicing fees: 648 374 1,257 631
Distribution and shareholder servicing fees waived 0 (113) 0 (187)
Class D shares        
Expenses        
Distribution and shareholder servicing fees: 2 1 5 2
Distribution and shareholder servicing fees waived 0 (1) 0 (2)
Non-controlled/non-affiliated        
Investment income        
Interest 112,064 93,239 218,087 179,783
Payment-in-kind interest 1,582 1,277 3,030 2,244
Other 2,279 1,437 4,007 2,781
Dividend Income, Operating 163 0 603 0
Gross Investment Income, Operating 116,088 95,953 225,727 184,808
Net realized gain (loss) on investment transactions:        
Non-controlled, non-affiliated investments and affiliated investments 1,006 2 (299) 50
Net change in unrealized gain (loss) on investment transactions:        
Non-controlled, non-affiliated investments and affiliated investments (2,522) (655) 2,937 (2,068)
Non-controlled/affiliated        
Investment income        
Dividend Income, Operating 21 0 21 0
Gross Investment Income, Operating 21 0 21 0
Net realized gain (loss) on investment transactions:        
Non-controlled, non-affiliated investments and affiliated investments 2 369 4,799 714
Net change in unrealized gain (loss) on investment transactions:        
Non-controlled, non-affiliated investments and affiliated investments 2,641 3,210 (1,580) 4,809
Investment, Affiliated Issuer, Controlled        
Investment income        
Dividend Income, Operating 393 0 393 0
Gross Investment Income, Operating 393 0 393 0
Net realized gain (loss) on investment transactions:        
Non-controlled, non-affiliated investments and affiliated investments 0   0  
Net change in unrealized gain (loss) on investment transactions:        
Non-controlled, non-affiliated investments and affiliated investments $ 65 $ 0 $ 65 $ 0
[1] Refer to Note 6 - Agreements and Related Party Transactions
[2] Related to the Company’s wholly-owned, consolidated subsidiary, Twin Brook Equity XXXIII Corp., which is treated as a corporation for United States federal income tax purposes