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Consolidated Balance Sheet - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Investments at fair value $ 7,244,282 $ 3,099,151
Investment, Type [Extensible Enumeration] Non Controlled Non Affiliated Investments [Member] Non Controlled Non Affiliated Investments [Member]
Cash and cash equivalents (restricted cash of $43,371 and $0, respectively) $ 1,198,013 $ 8,813
Interest receivable 67,896 27,938
Prepaid expenses and other assets 3,251 2,363
Total Assets 8,513,442 3,138,265
Liabilities    
Debt (net of deferred financing costs of $28,306 and $8,153, respectively) 4,288,601 [1],[2] 1,239,862 [3]
Management fees payable to affiliate 7,406 2,895
Incentive fees on net investment income payable to affiliate 16,232 7,183
Incentive fees on net capital gains accrued to affiliate 24,549 6,746
Other payables to affiliate 3,640 2,406
Dividends payable 93,939 43,871
Other liabilities 42,605 18,235
Total Liabilities 4,476,972 1,321,198
Commitments and contingencies (Note 7)
Net Assets    
Common shares, $0.001 par value; unlimited shares authorized (140,208,028 and 65,478,775, shares issued and outstanding, respectively) 140 65
Additional paid-in capital 3,923,739 1,734,426
Distributable earnings 112,591 82,576
Total Net Assets 4,036,470 1,817,067
Total Liabilities and Net Assets $ 8,513,442 $ 3,138,265
Net Asset Value Per Share [4] $ 28.79 $ 27.75
[1] The carrying value of the 2029 Notes and January 2030 Notes are presented inclusive of an incremental $1.1 million and $24.1 million, respectively, which represents an adjustment in the carrying value of the 2029 Notes and January 2030 Notes, resulting from a hedge accounting relationship.
[2] The carrying values of the Subscription Facility, Revolving Credit Facility, 2029 Notes and January 2030 Notes are presented net deferred financing costs $3.0 million, $9.1 million, $14.2 million, and $8.6 million, respectively.
[3] The carrying values of the Subscription Facility and Revolving Credit Facility are presented net deferred financing costs of $3.7 million and $4.5 million, respectively.
[4] Table may not sum due to rounding.