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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Investment income:        
Total interest income $ 82,019 $ 62,747 $ 151,428 $ 123,300
Total dividend income 8,019 10,120 15,309 16,860
Total fee and other income 8,154 5,515 13,393 9,891
Total payment-in-kind interest income 3,844 3,505 7,299 5,870
Interest income from cash 657 347 1,321 607
Total investment income 102,693 82,234 188,750 156,528
Operating expenses:        
Interest and other financing fees 25,783 21,127 46,698 45,280
Base management fee (Note 2) 6,164 4,824 11,886 9,417
Incentive management fees (Note 2) 4,215 3,188 8,016 6,255
Other general and administrative expenses (Note 2) 1,638 1,753 3,373 3,420
Total operating expenses 37,800 30,892 69,973 64,372
Net investment income before taxes 64,893 51,342 118,777 92,156
Income taxes, including excise tax expense 17 32 417 282
Net investment income 64,876 51,310 118,360 91,874
Net realized gains (losses):        
Non-Control / Non-Affiliate investments     7,389 (11,177)
Benefit from (provision for) taxes (982) 0 (982) 0
Net realized gains (losses) on investments 6,872 (7,618) 6,407 (11,177)
Foreign currency transactions 569 83 1,292 (314)
Forward currency contracts (29,595) 6,609 (3,643) (8,308)
Net realized gains (losses) (22,154) (926) 4,056 (19,799)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments 26,108 (5,014) 45,489 (3,098)
Foreign currency transactions (10,939) 720 (14,857) 2,570
Forward currency contracts (4,683) (5,036) (44,397) 20,904
Net unrealized appreciation (depreciation) 10,486 (9,330) (13,765) 20,376
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, foreign currency transactions and forward currency contracts (11,668) (10,256) (9,709) 577
Net increase in net assets resulting from operations $ 53,208 $ 41,054 $ 108,651 $ 92,451
Net investment income per share—basic (in dollars per share) $ 0.57 $ 0.62 $ 1.10 $ 1.19
Net investment income per share— diluted (in dollars per share) 0.57 0.62 1.10 1.19
Net increase in net assets resulting from operations per share—basic and diluted (in dollars per share) 0.47 0.50 1.02 1.20
Dividends / distributions per share:        
Total dividends / distributions per share, declared (in dollars per share) 0.59 0.60 1.19 1.20
Total dividends / distributions per share, paid (in dollars per share) $ 0.59 $ 0.60 $ 1.19 $ 1.20
Weighted average shares outstanding—basic (in shares) 114,277,070 82,893,023 107,800,035 76,947,822
Weighted average shares outstanding—diluted (in shares) 114,277,070 82,893,023 107,800,035 76,947,822
Short-term investments        
Investment income:        
Total interest income $ 388 $ 111 $ 388 $ 111
Non-Control / Non-Affiliate investments        
Investment income:        
Total interest income 80,578 62,247 149,483 122,510
Total dividend income 1,081 1,158 1,858 2,096
Total fee and other income 8,105 5,488 13,327 9,835
Total payment-in-kind interest income 3,787 3,412 7,011 5,686
Net realized gains (losses):        
Non-Control / Non-Affiliate investments 7,854 (7,618) 7,389 (11,177)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments 22,756 639 40,826 3,546
Affiliate investments        
Investment income:        
Total interest income 512 389 1,016 679
Total dividend income 6,938 8,962 13,451 14,764
Total fee and other income 49 27 66 56
Total payment-in-kind interest income 0 93 0 184
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments 3,352 (5,653) 4,677 (6,644)
Control investments        
Investment income:        
Total payment-in-kind interest income 57 0 288 0
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments 0 0 (14) 0
Control investments | Long Term Investments        
Investment income:        
Total interest income $ 541 $ 0 $ 541 $ 0