v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net increase in net assets from operations $ 624,664 $ 449,770
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities:    
Net change in unrealized appreciation on investments (730,391) (447,888)
Net change in unrealized depreciation (appreciation) on foreign currency translation 85,567 (167,727)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts (4,703) 104,869
Net change in unrealized appreciation on foreign currency (80) (7)
Realized loss on foreign currency 134 0
Realized gain on investments 0 (32,761)
Deferred financing cost amortization 3,985 1,200
Class F Shares issued as payment of directors’ fees and expenses 250 250
Class F Shares issued as payment of performance participation allocation 793 53
Acquisition of portfolio companies (830,802) (1,316,913)
Proceeds from disposal of or repayments from interests in portfolio companies 2,704 64,366
Changes in operating assets and liabilities:    
Change in accrued performance participation allocation 106,593 89,432
Change in management fee payable 11,621 0
Change in deferred income taxes (2,721) 22,915
Change in prepaids and other assets 155 240
Change in due from Manager 0 (912)
Change in dividends receivable (1,769) (2,999)
Change in other accrued expenses and liabilities 5,721 2,119
Change in directors’ fees and expenses payable 1 0
Change in due to Manager 1,085 3,870
Net cash used in operating activities (727,193) (1,230,123)
Financing activities    
Proceeds from issuance of shares 1,748,071 2,097,979
Payments of shareholder servicing fees and distribution fees (22,456) (10,726)
Repurchase of shares, net of early repurchase fee (79,125) (6,377)
Payment of deferred financing costs (7,569) (3,586)
Net cash provided by financing activities 1,638,921 2,077,290
Effect of exchange rate changes on cash and cash equivalents and foreign currencies at fair value (6) 7
Net increase in cash and cash equivalents and foreign currencies at fair value 911,722 847,174
Cash and cash equivalents and foreign currencies at fair value, beginning of period 964,206 601,530
Cash and cash equivalents and foreign currencies at fair value, end of period 1,875,928 1,448,704
Supplemental Disclosure of Non-Cash Financing Activities    
Change in shareholder servicing fees and distribution fees payable 59,990 94,034
Cash paid for interest $ 2,579 $ 0