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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Investment income:        
Total investment income $ 1,456,927 $ 1,044,979 $ 4,199,974 $ 2,337,502
Expenses:        
Interest expense 444,235 294,772 1,319,057 566,332
Management fees (Note 3) 79,728 70,984 228,966 186,552
Income based incentive fees (Note 3) 113,721 83,663 323,979 194,775
Capital gains incentive fees (Note 3) 0 0 0 (15,059)
Professional fees 5,791 2,215 13,771 7,842
Board of Trustees’ fees 221 239 685 641
Administrative service expenses (Note 3) 1,741 1,897 5,095 4,090
Other general & administrative 5,403 3,918 14,776 9,764
Amortization of continuous offering costs 361 1,649 2,676 3,791
Total expenses before excise tax 669,049 473,797 1,959,223 996,001
Net investment income before excise tax 787,878 571,182 2,240,751 1,341,501
Excise tax expense 9,681 0 23,113 292
Net investment income after excise tax 778,197 571,182 2,217,638 1,341,209
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) of investments     562,360 (1,088,272)
Derivative instruments (Note 6) 7,661 3,958 (7,305) 2,289
Foreign currency and other transactions 3,562 0 (2,220) 0
Net unrealized appreciation (depreciation) 384,505 (135,308) 552,835 (1,085,983)
Realized gain (loss):        
Realized gain (loss) of investments     (305,201) (108,268)
Derivative instruments (Note 6) 2,704 0 5,010 0
Foreign currency and other transactions (10,321) (7,192) (6,900) (2,606)
Net realized gain (loss) (134,981) (99,556) (307,091) (110,874)
Net realized and unrealized gain (loss) 249,524 (234,864) 245,744 (1,196,857)
Net increase (decrease) in net assets resulting from operations 1,027,721 336,318 2,463,382 144,352
Non-controlled/non-affiliated investments        
Investment income:        
Interest income 1,309,957 970,341 3,816,351 2,150,852
Payment-in-kind interest income 60,593 36,734 152,815 89,526
Dividend income 158 0 158 1,510
Fee income 1,108 12,752 2,489 26,849
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) of investments 346,721 (143,934) 484,558 (1,058,844)
Realized gain (loss):        
Realized gain (loss) of investments (127,364) (92,364) (305,414) (108,268)
Non-controlled/affiliated investments        
Investment income:        
Dividend income 9 0 16 0
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) of investments (305) 562 (178) 608
Realized gain (loss):        
Realized gain (loss) of investments 0 0 213 0
Controlled/affiliated investments        
Investment income:        
Interest income 144 0 144 0
Payment-in-kind interest income 839 0 1,101 0
Dividend income 84,119 25,152 226,900 68,765
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) of investments 26,866 4,106 77,980 (30,036)
Class S        
Expenses:        
Distribution and shareholder servicing fees 17,649 13,811 49,338 35,703
CLASS D        
Expenses:        
Distribution and shareholder servicing fees $ 199 $ 649 $ 880 $ 1,570