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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Investment income:      
Total investment income $ 6,694,692,000 $ 5,738,009,000 $ 3,602,347,000
Expenses:      
Interest expense 1,838,600,000 1,759,437,000 990,538,000
Management fees (Note 3) 432,447,000 316,238,000 259,944,000
Income based incentive fees (Note 3) 543,693,000 446,922,000 288,892,000
Capital gains based incentive fees (Note 3) 0 0 (15,058,000)
Professional fees 11,925,000 20,114,000 12,917,000
Board of Trustees’ fees 895,000 913,000 877,000
Administrative service expenses (Note 3) 6,716,000 6,729,000 5,767,000
Other general and administrative 16,989,000 23,120,000 15,156,000
Amortization of continuous offering costs 3,851,000 3,253,000 5,036,000
Total expenses before tax expense 2,952,489,000 2,646,721,000 1,616,795,000
Net investment income before tax expense 3,742,203,000 3,091,288,000 1,985,552,000
Excise and other tax expense 33,724,000 32,826,000 975,000
Net investment income after tax expense 3,708,479,000 3,058,462,000 1,984,577,000
Net change in unrealized appreciation (depreciation):      
Unrealized gain (loss) of investments (114,191,000) 632,049,000 (1,050,537,000)
Derivative instruments (Note 6) 25,699,000 (13,259,000) (4,301,000)
Foreign currency and other transactions 135,000 (3,085,000) 9,160,000
Income tax (provision) benefit (8,930,000) 0 0
Net change in unrealized appreciation (depreciation) (97,287,000) 615,705,000 (1,045,678,000)
Net realized gain (loss):      
Non-controlled/non-affiliated investments (176,654,000) (308,564,000) (252,197,000)
Derivative instruments (Note 6) 21,086,000 3,063,000 (43,104,000)
Foreign currency and other transactions 28,904,000 (5,483,000) 19,472,000
Net realized gain (loss) (126,664,000) (310,984,000) (275,829,000)
Net realized and change in unrealized gain (loss) (223,951,000) 304,721,000 (1,321,507,000)
Net increase (decrease) in net assets resulting from operations 3,484,528,000 3,363,183,000 663,070,000
Non-controlled/non-affiliated investments      
Investment income:      
Interest income 6,008,101,000 5,196,090,000 3,330,329,000
Payment-in-kind interest income 370,198,000 218,469,000 129,475,000
Dividend income 1,387,000 198,000 2,152,000
Fee income 14,899,000 3,281,000 27,939,000
Net change in unrealized appreciation (depreciation):      
Unrealized gain (loss) of investments 57,540,000 550,279,000 (1,007,789,000)
Net realized gain (loss):      
Non-controlled/non-affiliated investments (176,654,000) (308,777,000) (252,197,000)
Non-controlled/affiliated investments      
Investment income:      
Dividend income 13,000 16,000 0
Net change in unrealized appreciation (depreciation):      
Unrealized gain (loss) of investments (1,105,000) (153,000) 1,062,000
Net realized gain (loss):      
Non-controlled/non-affiliated investments 0 213,000 0
Controlled/affiliated investments      
Investment income:      
Interest income 3,931,000 0 0
Payment-in-kind interest income 15,087,000 2,420,000 0
Dividend income 281,076,000 317,535,000 112,452,000
Net change in unrealized appreciation (depreciation):      
Unrealized gain (loss) of investments (170,626,000) 81,923,000 (43,810,000)
Class S      
Expenses:      
Distribution and shareholder servicing fees 96,127,000 68,878,000 50,424,000
Class D      
Expenses:      
Distribution and shareholder servicing fees $ 1,246,000 $ 1,117,000 $ 2,302,000