Consolidated Statements of Operations - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2025	Mar. 31, 2024
Investment income
Payment-in-kind interest		$ 967	$ 803
Total investment income		88,855	48,763
Expenses
Interest		31,953	15,458
Income incentive fees	[1]	6,086	3,583
Management fees	[1]	4,922	2,647
Other		995	160
Offering costs		612	339
Professional fees		526	554
Administrative fees	[1]	376	232
Insurance fees		188	153
Accounting fees		173	169
Capital gains incentive fees	[1]	0	(7)
Trustees' fees		58	45
Total expenses		46,147	23,422
Net expenses		46,072	23,360
Net investment income (loss) before taxes		42,783	25,403
Deferred federal tax provision	[2]	280	311
Current federal tax	[2]	87	0
Net investment income (loss) after taxes		42,416	25,092
Net realized gain (loss) on investment transactions:
Net realized gain (loss) on investment transactions		393	0
Foreign currency forward contracts		47	(32)
Net change in unrealized gain (loss) on investment transactions:
Net change in unrealized gain (loss) on investment transactions		186	(216)
Total net realized and change in unrealized gain (loss) on investment transactions		1,017	(181)
Net increase (decrease) in net assets resulting from operations		43,433	24,911
Interest rate swaps
Net change in unrealized gain (loss) on investment transactions:
Net change in unrealized gain (loss) on foreign currency forward contracts and interest rate swaps		436	0
Foreign currency forward contracts
Net change in unrealized gain (loss) on investment transactions:
Net change in unrealized gain (loss) on foreign currency forward contracts and interest rate swaps		(45)	67
Common Class S
Expenses
Distribution and shareholder servicing fees:		257	88
Distribution and shareholder servicing fees waived		(74)	(62)
Common Class D
Expenses
Distribution and shareholder servicing fees:		1	1
Distribution and shareholder servicing fees waived		(1)	0
Non-controlled/non-affiliated
Investment income
Interest		86,544	46,753
Payment-in-kind interest		967	803
Other		1,344	1,207
Total investment income		88,855	48,763
Net realized gain (loss) on investment transactions:
Net realized gain (loss) on investment transactions		48	0
Net change in unrealized gain (loss) on investment transactions:
Net change in unrealized gain (loss) on investment transactions		(1,413)	(1,815)
Non-controlled/affiliated
Net realized gain (loss) on investment transactions:
Net realized gain (loss) on investment transactions		345	0
Net change in unrealized gain (loss) on investment transactions:
Net change in unrealized gain (loss) on investment transactions		$ 1,599	$ 1,599

[1] Refer to Note 6 - Agreements and Related Party Transactions

[2] Related to the Company’s wholly-owned, consolidated subsidiaries, Twin Brook Equity XVIII Corp. and Twin Brook Equity XXXIII Corp., which are treated as corporations for United States federal income tax purposes