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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Investment Income        
Interest income $ 142,485,000 $ 73,654,000 $ 384,340,000 $ 134,369,000
Payment-in-kind interest income 2,983,000 1,679,000 6,728,000 3,627,000
Dividend income 115,000   115,000 15,000
Other income 2,530,000 3,135,000 5,543,000 7,601,000
Total Investment Income 148,113,000 78,468,000 396,726,000 145,612,000
Operating Expenses        
Management fees 9,543,000 5,979,000 24,693,000 14,209,000
Performance-based incentive fees 11,529,000 5,884,000 30,117,000 10,625,000
Interest and other debt expenses 40,655,000 22,956,000 116,341,000 37,642,000
Organization costs       934,000
Offering costs   506,000 38,000 1,462,000
Trustees' fees 111,000 113,000 329,000 326,000
Shareholder servicing fees 1,106,000 391,000 2,465,000 665,000
Administrative service expenses 670,000 632,000 1,988,000 1,829,000
Other general and administrative expenses 3,438,000 1,597,000 8,054,000 4,619,000
Total expenses 67,052,000 38,058,000 184,025,000 72,311,000
Management and performance-based incentive fees waived   (752,000)   (13,723,000)
Expense support 0 0 0 (4,433,000)
Expense support reimbursement. 1,494,000 0 4,433,000 0
Net Expenses 68,546,000 37,306,000 188,458,000 54,155,000
Net Investment Income 79,567,000 41,162,000 208,268,000 91,457,000
Net realized gains (losses):        
Non-controlled/non-affiliated investments 1,018,000 (4,092,000) (3,611,000) (17,549,000)
Foreign currency transactions 3,589,000 4,008,000 3,069,000 3,247,000
Foreign currency forward contracts 1,960,000 1,076,000 1,738,000 2,129,000
Net realized gains (losses) 6,567,000 992,000 1,196,000 (12,173,000)
Net change in unrealized gains (losses):        
Non-controlled/non-affiliated investments 8,921,000 (19,885,000) 102,585,000 (159,982,000)
Foreign currency forward contracts 1,105,000 482,000 823,000 582,000
Foreign currency transactions 14,240,000 14,488,000 4,590,000 19,095,000
Net unrealized gains (losses) 24,266,000 (4,915,000) 107,998,000 (140,305,000)
Net Realized and Change in Unrealized Gains (Losses) 30,833,000 (3,923,000) 109,194,000 (152,478,000)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 110,400,000 $ 37,239,000 $ 317,462,000 $ (61,021,000)