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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Investment income:        
Payment-in-kind interest income $ 36,700 $ 1,200 $ 89,500 $ 1,900
Dividend income 25,200 0 70,300 0
Fee income 12,800 5,700 26,800 13,900
Total investment income 1,044,979 238,815 2,337,502 396,328
Expenses:        
Interest expense 294,772 39,759 566,332 60,544
Management fees (Note 3) 70,984 22,521 186,552 39,521
Income based incentive fees (Note 3) 83,663 21,735 194,775 35,496
Capital gains incentive fees (Note 3) 0 3,173 (15,059) 12,491
Professional fees 2,215 720 7,842 2,307
Board of Trustees’ fees 239 130 641 409
Administrative service expenses (Note 3) 1,897 606 4,090 1,225
Other general & administrative 3,918 1,399 9,764 3,658
Organization costs 0 0 0 1,090
Amortization of continuous offering costs 1,649 1,036 3,791 2,645
Total expenses 473,797 94,618 996,001 165,104
Expense support (Note 3) 0 0 0 (2,199)
Recoupment of expense support (Note 3) 0 0 0 2,199
Management fees waived (Note 3) 0 (1,231) 0 (18,231)
Incentive fees waived (Note 3) 0 (1,109) 0 (14,870)
Net expenses 473,797 92,278 996,001 132,003
Net investment income before excise tax 571,182 146,537 1,341,501 264,325
Excise tax expense 0 0 292 0
Net investment income after excise tax 571,182 146,537 1,341,209 264,325
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) of investments     (1,088,272) 89,658
Derivative instruments (Note 6) 3,958 0 2,289 0
Net unrealized appreciation (depreciation) (135,308) 21,126 (1,085,983) 89,657
Realized gain (loss):        
Non-controlled/non-affiliated investments (92,364) 5,135 (108,268) 5,912
Forward purchase obligation (Note 8) 0 0 0 3,709
Syndicated warehouse agreement (Note 8) 0 0 0 2,334
Foreign currency and other transactions (7,192) (880) (2,606) (1,682)
Net realized gain (loss) (99,556) 4,255 (110,874) 10,273
Net realized and unrealized gain (loss) (234,864) 25,381 (1,196,857) 99,930
Net increase (decrease) in net assets resulting from operations 336,318 171,918 144,352 364,255
Non-controlled/non-affiliated investments        
Investment income:        
Interest income 970,341 231,869 2,150,852 380,505
Payment-in-kind interest income 36,734 1,213 89,526 1,913
Dividend income 0 0 1,510 0
Fee income 12,752 5,733 26,849 13,910
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) of investments (143,934) 21,091 (1,058,844) 89,619
Controlled/affiliated investments        
Investment income:        
Dividend income 25,152 0 68,765 0
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) of investments 4,106 (4) (30,036) (1)
Non-controlled/affiliated investments        
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) of investments 562 39 608 39
Class S        
Expenses:        
Distribution and shareholder servicing fees 13,811 3,442 35,703 5,598
Class D        
Expenses:        
Distribution and shareholder servicing fees $ 649 $ 97 $ 1,570 $ 120