v3.26.3
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Investments in securities of unaffiliated issuers at fair value (cost $4,759,876 and $3,008,238, respectively) $ 4,751,045 $ 3,008,628
Cash and restricted cash 22,759 24,169
Cash equivalents and restricted cash equivalents 184,251 145,625
Interest receivable 25,906 19,327
Prepaid and other assets 337 759
Receivables for investments sold 0 361
Total assets 4,984,298 3,198,869
Liabilities    
Lines of credit (net of unamortized debt issuance costs of $9,868 and $12,022, respectively) 1,088,053 774,648
Debt securitizations (net of unamortized debt issuance costs of $2,906 and $3,112, respectively) 345,094 344,888
Unsecured notes (net of unamortized debt issuance costs of $2,738 and $1,751, respectively) 284,693 147,949
Distributions payable 69,720 43,330
Derivative liabilities 12,673 316
Interest payable 9,337 10,117
Management fee payable 7,775 4,422
Incentive fee payable 5,349 3,449
Payables for investments purchased 56 0
Repurchase offer payable 258 142
Directors' fees payable 100 81
Subscriptions received in advance 3 2,100
Accrued expenses and other liabilities 4,474 2,960
Total liabilities 1,827,585 1,334,402
Commitments and contingencies (Note 8); Recoupments (Note 3)
Shareholders' equity    
Shares, no par value, unlimited shares authorized, 122,316,335 and 71,614,193, respectively, shares issued and outstanding 3,191,855 1,870,093
Distributable earnings (accumulated loss) (35,142) (5,626)
Total net assets 3,156,713 1,864,467
Total liabilities and net assets $ 4,984,298 $ 3,198,869
Net asset value per share $ 25.81 $ 26.03