v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
Dividend income $ 20,764 $ 21,569 $ 46,339 $ 35,755
Total investment income 20,764 21,569 46,339 35,755
Operating expenses        
Performance participation allocation 48,163 29,468 107,386 89,485
Management fee expense 32,907 17,586 61,942 31,393
Professional fees 4,042 2,657 7,742 5,145
General and administration expenses 3,969 2,371 7,526 4,334
Directors’ fees and expenses 161 152 321 308
Interest expense 4,120 1,350 7,304 2,167
Total operating expenses 93,362 53,584 192,221 132,832
Less: Management fee and expense credits (21,286) (18,498) (50,958) (32,305)
Add: Expenses recouped by Manager 0 5,112 0 8,960
Net operating expenses 72,076 40,198 141,263 109,487
Net investment loss (51,312) (18,629) (94,924) (73,732)
Net realized gain (loss) on:        
Investments 0 32,761 0 32,761
Foreign currency 20 2,144 (170) 3,041
Foreign currency forward contracts 40,610 (138) 67,717 (138)
Total net realized gain 40,630 34,767 67,547 35,664
Net change in unrealized appreciation (depreciation) before income taxes on:        
Investments 327,848 113,595 730,391 447,888
Foreign currency translation (26,772) 112,563 (85,567) 167,727
Foreign currency forward contracts (12,366) (73,902) 4,703 (104,869)
Foreign currency (4) (17) 80 7
Total net change in unrealized appreciation before income taxes 288,706 152,239 649,607 510,753
Provision for (benefit from) income taxes 2,536 (15) (2,434) 22,915
Total net change in unrealized appreciation after income taxes 286,170 152,254 652,041 487,838
Net increase in net assets resulting from operations $ 275,488 $ 168,392 $ 624,664 $ 449,770