v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Investments, at fair value $ 2,960,692 $ 2,882,954 [1],[2],[3],[4]
Investment, Issuer Affiliation [Extensible Enumeration] Non-controlled/non-affiliated investments Non-controlled/non-affiliated investments
Cash and cash equivalents (Note 2) $ 53,997 $ 56,376
Unsettled trades receivable 14,023 141
Paydown receivable 2,917 1,016
Deferred offering expenses 26 27
Prepaid expenses and other assets 32 16
Total assets 3,057,323 2,963,047
Liabilities:    
Revolving credit facilities payable (net of deferred financing costs of $9,646 and $8,551, respectively) (Note 7) 1,138,920 1,049,973
Notes payable (net of debt issuance costs of $4,398 and $4,988, respectively) (Note 7) 495,602 495,012
Unsettled trades payable 5,935 14,102
Base management fees payable (Note 3) 9,690 9,201
Incentive fees payable (Note 3) 5,164 5,176
Accounts payable and accrued expenses 4,581 2,743
Interest and financing fees payable 16,288 17,458
Total liabilities 1,676,180 1,593,665
Commitments and contingencies (Note 5) 0 0
Net assets:    
Preferred stock, $0.001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.001 par value, 250,000,000 shares authorized, 71,049,058 and 69,072,088 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 71 69
Paid in capital in excess of par 1,409,385 1,370,492
Distributable earnings (accumulated losses) (28,313) (1,179)
Total net assets 1,381,143 1,369,382
Total liabilities and net assets $ 3,057,323 $ 2,963,047
Net asset value per share of Common Stock $ 19.44 $ 19.83
Derivative Instruments    
Assets:    
Investments, at fair value $ (2,124) $ 0
Non-controlled/non-affiliated investments    
Assets:    
Investments, at fair value 2,951,422 [5],[6],[7],[8] 2,877,134 [1],[2],[3],[4]
Non-controlled/non-affiliated investments interest receivable 25,573 22,330
Non-controlled/non-affiliated investments dividends receivable 63 187
Controlled/affiliated investments    
Assets:    
Investments, at fair value $ 11,394 $ 5,820
[1] All investments were qualifying assets as defined under Section 55(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), except for ALP CFO LP 2024-1, Apex Group Treasury LLC, Barings Middle Market CLO Ltd., Best Egg Asset Structured Pass Through Master Trust, Churchill Middle Market CLO Ltd., Claros Mortgage Trust, Inc., Coller Capital, Exeter Short Term Funding LLC, Inizio Group Limited, Ivy Hill Asset Management, Ivy Hill Middle Market Credit Fund XII Ltd, LD Holdings Group LLC., MC CIF Wealth Management (UK) Ltd. New Mountain Guardian IV Income Rated Feeder II, Ltd., New Mountain Guardian IV Rated Feeder III, LTD., and Syntax Systems Limited.
[2] All of the Company’s investments are domiciled in the United States except for Apex Group Treasury LLC, Barings Middle Market CLO Ltd., Inizio Group Limited, MC CIF Wealth Management Ltd, Flow Traders Holding LLC, New Mountain Guardian IV Income Rated Feeder II Ltd & New Mountain Guardian IV Rated Feeder III Ltd, and Syntax Systems Limited, which are domiciled in Ireland, the Cayman Islands, United Kingdom, United Kingdom, Bermuda, Bermuda, and Canada, respectively.
[3] As of December 31, 2025, all investments are pledged as collateral unless otherwise stated.
[4] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy.
[5] All investments were qualifying assets as defined under Section 55(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), except for ALP CFO 2024, L.P., Apex Group Treasury LLC, Ares Global Structured Solutions Rated Notes Feeder LLC, Barings Middle Market CLO Ltd., Best Egg Asset Structured Pass Through Master Trust, Churchill Middle Market CLO Ltd., Coller Private Equity Backed Notes & Loans II-A L.P., Coller Evergreen CFO I Equity Holdings L.P., Coller Evergreen CFO I, L.P Exeter Short Term Funding LLC, Flow Traders Holding, LLC, Howden UK Refinance PLC, Inizio Group Limited, Ivy Hill Asset Management, L.P., Ivy Hill Middle Market Credit Fund XII Ltd, LendDirect Trust, LendingTree, Inc., MC CIF Wealth Management (UK) Ltd., New Mountain Guardian IV Income Rated Feeder II, Ltd. , New Mountain Guardian IV Income Rated Feeder III, Ltd., People Corp Holdco, Redwood Trust, Inc., and Syntax USA Holding Corporation.
[6] All of the Company’s investments are domiciled in the United States except for Apex Group Treasury LLC, Barings Middle Market CLO Ltd., Flow Traders Holding, LLC, Howden UK Refinance PLC, Inizio Group Limited, LendDirect Trust, MC CIF Wealth Management (UK) Ltd., New Mountain Guardian IV Income Rated Feeder II, Ltd. , New Mountain Guardian IV Income Rated Feeder III, Ltd., People Corp Holdco LP, and Syntax USA Holding Corporation, which are domiciled in Ireland, Cayman Islands, Bermuda, United Kingdom, United Kingdom, Canada, United Kingdom, Bermuda, Cayman Islands, Canada, and Canada, respectively.
[7] As of June 30, 2026, all investments are pledged as collateral unless otherwise stated.
[8] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy.