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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Investment income:      
Total interest income $ 256,880 $ 221,301 $ 123,383
Total dividend income 33,911 21,856 14,897
Total fee and other income 28,482 14,130 13,638
Total payment-in-kind interest income 11,821 10,408 5,652
Interest income from cash 1,305 222 13
Total investment income 332,399 267,917 157,583
Operating expenses:      
Interest and other financing fees 88,483 87,309 37,867
Base management fee (Note 2) 19,632 16,774 11,775
Incentive management fees (Note 2) 13,173 11,192 3,074
Other general and administrative expenses (Note 2) 7,264 5,632 5,528
Total operating expenses 128,552 120,907 58,244
Net investment income before taxes 203,847 147,010 99,339
Income taxes, including excise tax expense 2,763 1,280 948
Net investment income 201,084 145,730 98,391
Net realized gains (losses):      
Net realized gains (losses) on investments (23,436) (4,203) (12,971)
Foreign currency transactions 2,421 3,916 3,451
Forward currency contracts (22,447) (11,432) 38,825
Net realized gains (losses) (43,462) (11,719) 29,305
Net unrealized appreciation (depreciation):      
Net unrealized appreciation (depreciation) on investments (16,165) 20,301 (30,975)
Foreign currency transactions 3,168 (7,474) 6,766
Forward currency contracts 52,327 4,959 (23,608)
Net unrealized appreciation (depreciation) 39,330 17,786 (47,817)
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, foreign currency transactions and forward currency contracts (4,132) 6,067 (18,512)
Net increase in net assets resulting from operations $ 196,952 $ 151,797 $ 79,879
Net investment income per share—basic (in dollars per share) $ 2.40 $ 2.49 $ 2.01
Net investment income per share— diluted (in dollars per share) 2.40 2.49 2.01
Net increase in net assets resulting from operations per share—basic and diluted (in dollars per share) 2.35 2.59 1.63
Dividends / distributions per share:      
Total dividends/distributions per share, declared (in dollars per share) 2.40 2.31 1.74
Total dividends/distributions per share, paid (in dollars per share) $ 2.40 $ 2.31 $ 1.74
Weighted average shares outstanding—basic (in shares) 83,853,880 58,615,573 49,024,108
Weighted average shares outstanding—diluted (in shares) 83,853,880 58,615,573 49,024,108
Short-term investments      
Investment income:      
Total interest income $ 202 $ 0 $ 0
Non-Control / Non-Affiliate investments      
Investment income:      
Total dividend income 5,338 3,640 1,553
Total fee and other income 28,381 14,046 13,606
Total payment-in-kind interest income 11,640 10,231 5,652
Net realized gains (losses):      
Net realized gains (losses) on investments (23,436) (4,203) (12,971)
Net unrealized appreciation (depreciation):      
Net unrealized appreciation (depreciation) on investments (5,710) 18,789 (47,760)
Non-Control / Non-Affiliate investments | Long Term Investments      
Investment income:      
Total interest income 255,028 220,488 122,826
Affiliate investments      
Investment income:      
Total dividend income 28,573 18,216 13,344
Total fee and other income 101 84 32
Total payment-in-kind interest income 181 177 0
Net unrealized appreciation (depreciation):      
Net unrealized appreciation (depreciation) on investments (10,455) 1,512 16,785
Affiliate investments | Long Term Investments      
Investment income:      
Total interest income 1,593 813 557
Control investments | Long Term Investments      
Investment income:      
Total interest income $ 57 $ 0 $ 0