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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income      
Total Investment Income $ 482,526 $ 438,087 $ 309,305
Expenses      
Interest 154,145 133,731 62,991
Management fees 51,786 46,382 39,900
Incentive fees on net investment income 45,530 42,590 33,401
Incentive fees on net capital gains (5,375) 4,382 (8,864)
Professional fees 7,546 7,323 7,192
Directors’ fees 877 806 736
Other general and administrative 5,522 5,280 5,427
Total expenses 260,031 240,494 140,783
Management and incentive fees waived (Note 3) (1,466) (1,171) (427)
Net Expenses 258,565 239,323 140,356
Net Investment Income Before Income Taxes 223,961 198,764 168,949
Income taxes, including excise taxes 3,944 2,365 2,622
Net Investment Income 220,017 196,399 166,327
Net change in unrealized gains (losses):      
Net Unrealized gains (losses) on investments (52,794) 18,854 (76,381)
Translation of other assets and liabilities in foreign currencies 13,379 (6,393) 8,721
Interest rate swaps 0 174 (6,748)
Income tax provision (2,609) 556 (561)
Total net change in unrealized gains (losses) (42,024) 13,191 (74,969)
Realized gains (losses):      
Realized gains (losses) on investments 9,037 12,253 14,735
Interest rate swaps     2,251
Foreign currency transactions (464) 180 (291)
Total net realized gains (losses) 8,573 12,433 16,695
Total Net Unrealized and Realized Gains (Losses) (33,451) 25,624 (58,274)
Increase (Decrease) in Net Assets Resulting from Operations $ 186,566 $ 222,023 $ 108,053
Earnings per common share—basic $ 2.03 $ 2.61 $ 1.38
Weighted average shares of common stock outstanding—basic 92,035,165 85,131,264 78,197,826
Earnings per common share - diluted $ 2.03 $ 2.61 $ 1.38
Weighted average shares of common stock outstanding - diluted 92,035,165 85,131,264 78,197,826
Non-controlled, Non-affiliated Investments      
Income      
Interest from investments $ 413,547 $ 391,343 $ 279,857
Paid-in-kind interest income 29,335 19,679 12,585
Dividend income 11,678 4,181 2,159
Other income 18,525 15,122 9,502
Total Investment Income 473,085 430,325 304,103
Net change in unrealized gains (losses):      
Net Unrealized gains (losses) on investments (47,625) 40,571 (70,085)
Realized gains (losses):      
Realized gains (losses) on investments 9,037 12,095 1,072
Non-controlled, Affiliated Investments      
Income      
Interest from investments 0   133
Total Investment Income 0   133
Net change in unrealized gains (losses):      
Net Unrealized gains (losses) on investments 0   (14,350)
Realized gains (losses):      
Realized gains (losses) on investments 0 158 13,608
Controlled, Affiliated Investments      
Income      
Interest from investments 9,428 7,756 5,064
Other income 13 6 5
Total Investment Income 9,441 7,762 5,069
Net change in unrealized gains (losses):      
Net Unrealized gains (losses) on investments $ (5,169) $ (21,717) 8,054
Realized gains (losses):      
Realized gains (losses) on investments     $ 55