XML 20 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Non-control/Non-affiliate investments $ 107,921 $ 30,228 $ 266,204 $ 65,274
Interest on cash and cash equivalents 3,467 453 9,517 829
Total interest income 111,388 30,681 275,721 66,103
PIK interest income:        
Total PIK interest income 2,369 1,107 5,035 2,195
Fee income:        
Total fee income 752 654 2,403 882
Total investment income 114,509 32,442 283,159 69,180
Expenses:        
Base management fee 8,630 2,817 21,628 6,183
Investment income incentive fee 9,020 2,835 22,754 5,808
Capital gains incentive fee (427) 0 2,033 0
Professional fees 699 401 2,147 1,589
Class S and Class D distribution and shareholder servicing fees 1,958 589 4,853 1,116
Board of trustees fees 116 66 323 198
Organization expenses 4 0 8 4
Amortization of continuous offering costs 261 725 694 2,517
Interest expense 31,703 5,215 73,623 11,595
Administrator expense 377 267 1,096 711
General and administrative expenses 526 271 1,581 796
Total expenses 52,867 13,186 130,740 30,517
Management and incentive fees waived (Note 9) 0 0 0 (1,642)
Expense reimbursements (support) (Note 9) 0 348 1,045 (504)
Net expenses 52,867 13,534 131,785 28,371
Net investment income 61,642 18,908 151,374 40,809
Unrealized appreciation (depreciation):        
Non-control/Non-affiliate investments (4,950) 6,026 13,607 11,753
Foreign currency forward contracts 1,752 757 (541) 242
Net unrealized appreciation (depreciation) (3,198) 6,783 13,066 11,995
Realized gains (losses):        
Non-control/Non-affiliate investments (486) 255 2,225 (1,638)
Foreign currency forward contracts 427 (731) 1,516 (1,239)
Net realized gains (losses) (59) (476) 3,741 (2,877)
Provision for income tax (expense) benefit (158) (71) (543) (176)
Net realized and unrealized gains (losses), net of taxes (3,415) 6,236 16,264 8,942
Net increase (decrease) in net assets resulting from operations $ 58,227 $ 25,144 $ 167,638 $ 49,751