v3.26.1
Financial Highlights (Tables)
 6 Months Ended
Jun. 30, 2026
Investment Company, Financial Highlights [Abstract]  
Summary of Financial Highlights of the Fund

Below is the schedule of financial highlights of the Fund for the six months ended June 30, 2026 and 2025.

 

Per Share Data:(1)

 

For the six
months ended
June 30, 2026

 

 

For the six
months ended
June 30, 2025

 

Net asset value, beginning of period

 

$

9.47

 

 

$

9.53

 

Net investment income (loss)

 

 

0.40

 

 

 

0.41

 

Net realized and unrealized gains (losses) on investments

 

 

(0.33

)

 

 

(0.05

)

Net increase (decrease) in net assets resulting from operations

 

$

0.07

 

 

$

0.36

 

Distributions to stockholders

 

 

(0.39

)

 

 

(0.40

)

Net asset value, end of period

 

$

9.15

 

 

$

9.49

 

Shares outstanding, end of period

 

 

81,022,158

 

 

 

68,473,064

 

Total return at net asset value before incentive fees(3)(4)

 

 

1.66

%

 

 

4.92

%

Total return at net asset value after incentive fees(3)(4)

 

 

0.77

%

 

 

3.85

%

Ratio/Supplemental Data(2)

 

 

 

 

 

 

Net assets, end of period

 

$

741,524,608

 

 

$

649,651,677

 

Ratio of total expenses to weighted average net assets(5)

 

 

15.32

%

 

 

18.11

%

Ratio of net expenses to weighted average net assets(5)(6)

 

 

15.25

%

 

 

18.11

%

Ratio of net investment income (loss) before waivers to weighted average net assets(5)

 

 

9.47

%

 

 

9.81

%

Ratio of net investment income (loss) after waivers to weighted average net assets(5)(6)

 

 

9.54

%

 

 

9.81

%

Ratio of interest and credit facility expenses to weighted average net assets(5)

 

 

10.09

%

 

 

12.21

%

Ratio of incentive fees to weighted average net assets(4)(8)

 

 

0.94

%

 

 

1.08

%

Portfolio turnover rate(4)

 

 

3.84

%

 

 

9.15

%

Asset coverage ratio(7)

 

 

159

%

 

 

158

%

 

(1)
The per share data was derived by using the weighted average shares outstanding during the applicable period except for distributions recorded which reflects the actual amount per share of the applicable period.
(2)
Ratios calculated with Net Assets excluding the Non-Controlling Interest.
(3)
Total return based on NAV is calculated as the change in NAV per share during the respective periods, assuming dividends and distributions, if any, are reinvested in accordance with the Fund’s dividend reinvestment plan.
(4)
Not annualized.
(5)
Annualized, except for incentive fees.
(6)
The Adviser voluntarily waived a portion of management fees and income-based incentive fees. The ratios include the effects of the voluntary waived expense of 0.07% and 0.00% for the six months ended June 30, 2026 and June 30, 2025.
(7)
Asset coverage ratio is equal to (i) the sum of (A) net assets at end of period and (B) debt outstanding at end of period, divided by (ii) total debt outstanding at the end of the period.
(8)
Ratio of incentive fees to weighted average net assets calculated before the voluntary waiver of incentive fees by the Adviser.