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Change in Year End (Tables)
12 Months Ended
Dec. 31, 2023
Income Statement [Abstract]  
Schedule of Financial Data

The following is selected financial data for the nine month period ending December 31, 2023 and the comparable transition period ending December 31, 2022.

 

 

 

Nine Months Ended
December 31,

 

 

Nine Months Ended December 31

 

 

 

2023

 

 

2022

 

Investment Income

 

 

 

 

 

 

 

 

Interest income (excluding Payment-in-kind (“PIK”) interest income)

 

$

 

203,332

 

 

$

 

169,457

 

PIK Interest Income

 

 

 

2,222

 

 

 

 

2,662

 

Dividend income

 

 

 

1,397

 

 

 

 

779

 

Other income

 

 

 

1,793

 

 

 

 

2,711

 

Total Investment Income

 

$

 

208,744

 

 

$

 

175,609

 

Operating Expenses

 

 

 

 

 

 

 

Management fees

 

$

 

13,105

 

 

$

 

26,621

 

Performance-based incentive fees

 

 

 

18,369

 

 

 

 

5,691

 

Interest and other debt expenses

 

 

 

79,432

 

 

 

 

59,363

 

Administrative services expense

 

 

 

4,418

 

 

 

 

4,188

 

Other general and administrative expenses

 

 

 

7,875

 

 

 

 

6,551

 

Total expenses

 

 

 

123,199

 

 

 

 

102,414

 

Management and performance-based incentive fees waived

 

 

 

 

 

 

 

 

Performance-based incentive fee offset

 

 

 

 

 

 

 

(178

)

Expense reimbursements

 

 

 

(971

)

 

 

 

(770

)

Net Expenses

 

$

 

122,228

 

 

$

 

101,466

 

Net Investment Income

 

$

 

86,516

 

 

$

 

74,143

 

Net Realized and Change in Unrealized Gains (Losses)

 

 

 

 

 

 

 

 

Net realized gains (losses)

 

 

 

1,034

 

 

 

 

(69,239

)

Net change in unrealized gains (losses)

 

 

 

1,078

 

 

 

 

18,036

 

Net Realized and Change in Unrealized Gains (Losses)

 

$

 

2,112

 

 

$

 

(51,203

)

Net Increase (Decrease) in Net Assets Resulting from Operations

 

$

 

88,628

 

 

$

 

22,940

 

Earnings (Loss) Per Share — Basic

 

 

 

1.36

 

 

 

 

0.36