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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Investment income:        
Total interest income $ 89,259 $ 65,545 $ 240,685 $ 188,845
Total dividend income 12,146 8,055 27,455 24,915
Total fee and other income 7,419 5,943 20,812 15,834
Total payment-in-kind interest income 5,184 3,266 12,484 9,136
Interest income from cash 431 540 1,753 1,147
Total investment income 114,439 83,349 303,189 239,877
Operating expenses:        
Interest and other financing fees 31,363 20,979 78,061 66,259
Base management fee (Note 2) 6,927 4,972 18,813 14,389
Incentive management fees (Note 2) 4,642 3,355 12,658 9,610
Other general and administrative expenses (Note 2) 1,844 1,825 5,217 5,245
Total operating expenses 44,776 31,131 114,749 95,503
Net investment income before taxes 69,663 52,218 188,440 144,374
Income taxes, including excise tax expense 0 253 417 535
Net investment income 69,663 51,965 188,023 143,839
Net realized gains (losses):        
Non-Control / Non-Affiliate investments and Affiliate investments     11,506 (13,063)
Benefit from (provision for) taxes 0 0 (982) 0
Net realized gains (losses) on investments 4,116 (1,886) 10,524 (13,063)
Foreign currency transactions (406) 2,303 885 1,988
Forward currency contracts (8,615) (3,338) (12,258) (11,645)
Net realized gains (losses) (4,905) (2,921) (849) (22,720)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (20,669) 17,679 24,819 14,581
Foreign currency transactions 430 (6,023) (14,426) (3,453)
Forward currency contracts 14,360 (14,110) (30,037) 6,794
Net unrealized appreciation (depreciation) (5,879) (2,454) (19,644) 17,922
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, foreign currency transactions and forward currency contracts (10,784) (5,375) (20,493) (4,798)
Benefit from (provision for) taxes 54 0 54 0
Net increase in net assets resulting from operations $ 58,933 $ 46,590 $ 167,584 $ 139,041
Net investment income per share—basic (in dollars per share) $ 0.56 $ 0.59 $ 1.66 $ 1.78
Net investment income per share— diluted (in dollars per share) 0.56 0.59 1.66 1.78
Net increase in net assets resulting from operations per share—basic and diluted (in dollars per share) 0.47 0.53 1.49 1.72
Dividends / distributions per share:        
Total dividends / distributions per share, declared (in dollars per share) 0.57 0.60 1.76 1.80
Total dividends / distributions per share, paid (in dollars per share) $ 0.57 $ 0.60 $ 1.76 $ 1.80
Weighted average shares outstanding—basic (in shares) 124,914,158 88,176,666 113,567,432 80,718,091
Weighted average shares outstanding—diluted (in shares) 124,914,158 88,176,666 113,567,432 80,718,091
Short-term investments        
Investment income:        
Total interest income $ 114 $ 91 $ 501 $ 201
Non-Control / Non-Affiliate investments        
Investment income:        
Total interest income 88,191 65,070 237,674 187,581
Total dividend income 5,484 1,099 7,342 3,195
Total fee and other income 7,409 5,913 20,736 15,748
Total payment-in-kind interest income 5,036 3,169 12,048 8,855
Net realized gains (losses):        
Non-Control / Non-Affiliate investments and Affiliate investments 4,113 (1,886) 11,503 (13,063)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (21,321) 19,498 19,504 23,043
Affiliate investments        
Investment income:        
Total interest income 299 384 1,315 1,063
Total dividend income 6,662 6,956 20,113 21,720
Total fee and other income 10 30 76 86
Total payment-in-kind interest income 148 97 148 281
Net realized gains (losses):        
Non-Control / Non-Affiliate investments and Affiliate investments 3 0 3 0
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments 652 (1,819) 5,329 (8,462)
Control investments        
Investment income:        
Total payment-in-kind interest income 0 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 $ 655 $ 0 $ 1,195 $ 0