v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income        
Total Investment Income $ 98,956 $ 109,444 $ 290,197 $ 340,808
Expenses        
Interest 30,489 31,385 88,832 98,003
Management fees 13,268 13,081 38,821 39,082
Incentive fees on net investment income 8,825 10,527 25,949 33,132
Incentive fees on net capital gains 0 (1,054) 0 (3,303)
Professional fees 2,497 2,022 6,660 6,544
Directors’ fees 239 206 722 702
Other general and administrative 1,357 1,507 4,489 4,124
Total expenses 56,675 57,674 165,473 178,284
Management and incentive fees waived (Note 3) (523) (284) (1,311) (990)
Net Expenses 56,152 57,390 164,162 177,294
Net Investment Income Before Income Taxes 42,804 52,054 126,035 163,514
Income taxes, including excise taxes 1,200 1,374 3,705 4,016
Net Investment Income 41,604 50,680 122,330 159,498
Net change in unrealized gains (losses):        
Net Unrealized gains (losses) on investments     (38,640) 53,081
Translation of other assets and liabilities in foreign currencies 3,797 756 15,114 (36,052)
Interest rate swaps (71) 0 (71) 0
Income tax provision (913) 605 (1,640) 605
Total net change in unrealized gains (losses) 2,469 (5,545) (25,237) 17,634
Realized gains (losses):        
Realized gains (losses) on investments     (48,215) (34,919)
Foreign currency transactions 54 (366) (21) (719)
Interest rate swaps 71 0 71 0
Income tax provision 0 (937) 0 (937)
Total net realized gains (losses) (9,628) (535) (48,165) (36,575)
Total Net Unrealized and Realized Gains (Losses) (7,159) (6,080) (73,402) (18,941)
Increase (Decrease) in Net Assets Resulting from Operations Attributable to Members $ 34,445 $ 44,600 $ 48,928 $ 140,557
Earnings per common share—basic $ 0.36 $ 0.47 $ 0.51 $ 1.50
Weighted average shares of common stock outstanding—basic 95,347,161 94,245,993 95,028,344 93,964,387
Earnings per common share - diluted $ 0.36 $ 0.47 $ 0.51 $ 1.50
Weighted average shares of common stock outstanding - diluted 95,347,161 94,245,993 95,028,344 93,964,387
Non-controlled, Non-affiliated Investments        
Income        
Interest from investments $ 84,362 $ 92,221 $ 249,311 $ 295,098
Paid-in-kind interest income 6,288 6,883 19,979 18,026
Dividend income 251 268 745 1,563
Other income 2,577 7,397 8,717 18,465
Total Investment Income 93,478 106,769 278,752 333,152
Net change in unrealized gains (losses):        
Net Unrealized gains (losses) on investments 2,769 (3,887) (33,175) 60,466
Realized gains (losses):        
Realized gains (losses) on investments (9,753) 768 (48,215) (34,919)
Non-controlled, Affiliated Investments        
Income        
Dividend income 3,260 0 5,173 0
Total Investment Income 3,260 0 5,173 0
Net change in unrealized gains (losses):        
Net Unrealized gains (losses) on investments 1,908 0 4,349 0
Controlled, Affiliated Investments        
Income        
Interest from investments 2,215 2,672 6,255 7,649
Other income 3 3 17 7
Total Investment Income 2,218 2,675 6,272 7,656
Net change in unrealized gains (losses):        
Net Unrealized gains (losses) on investments $ (5,021) $ (3,019) $ (9,814) $ (7,385)