Financial Highlights (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Investment Company, Financial Highlights

The table below presents the financial highlights for a common share outstanding during the following periods:


	For the Nine Months Ended September 30,
($ in thousands, except share and per share amounts)	2024			2023
Per share data:
Net asset value, beginning of period	$	15.32		$	14.47
Net investment income (loss)(1)	1.41			1.22
Net realized and unrealized gain (loss)(1)	0.04			0.13
Total from operations	1.45			1.35
Issuance of common stock(2)	—			0.01
Distributions declared from net investment income	(1.00)			(0.80)
Total increase (decrease) in net assets	0.45			0.56
Net asset value, end of period	$	15.77		$	15.03
Shares outstanding, end of period	174,960,148			118,355,643
Total Return(3)	9.5		%	9.4		%
Ratios / Supplemental Data

Ratio of total expenses to average net assets	13.0		%	13.5		%
Ratio of net investment income to average net assets	11.5		%	10.8		%
Net assets, end of period	$	2,758,910		$	1,778,624
Weighted-average shares outstanding	138,598,295			95,860,190
Total capital commitments, end of period	$	4,148,981		$	4,120,907
Ratio of total contributed capital to total committed capital, end of period	62.5		%	41.7		%
Portfolio turnover rate	27.6		%	2.6		%

(1)The per share data was derived using the weighted average shares outstanding during the period.

(2)The amount shown at this caption is the balancing amount derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the issuance of common stock because of the timing of sales of the Company’s shares.

(3)Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share (assuming dividends and distributions, if any, are reinvested in accordance with the Company’s dividend reinvestment plan), if any, divided by the beginning NAV per share. Total return is not annualized.