Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Investment income:      
Interest income $ 854,132 $ 267,488 $ 0
Payment-in-kind interest income 35,821 9,584 0
Dividend income 489 0 0
Other income 2,938 1,446 0
Total investment income 893,380 278,518 0
Expenses:      
Interest expense 257,847 53,964 0
Management fees   26,485 0
Income based incentive fee 70,466 23,211 0
Capital gains incentive fee 3,518 0 0
Organizational costs 0 0 342
Professional fees 4,945 2,312 372
Board of Trustees’ fees 600 502 223
Administrative service expenses (Note 3)   1,768 0
Other general & administrative 7,685 3,718 259
Amortization of offering costs 1,736 2,059 0
Total expenses 416,671 121,292 1,196
Expense support (Note 3) 0 (4,270) 0
Recoupment of expense support (Note 3) 0 4,270 0
Reimbursable expenses previously borne by Adviser (Note 3) 0 1,196 (1,196)
Net expenses 416,671 67,466 0
Net investment income before excise tax 476,709 211,052 0
Excise tax expense 1,531 824 0
Net investment income after excise tax 475,178 210,228 0
Net realized and change in unrealized gain (loss):      
Realized gain (loss) on investments (17,633) (2,467) 0
Foreign currency forward contracts (7,613) 4,010 0
Foreign currency transactions (9,464) 4,567 0
Net realized gain (loss) (34,710) 6,110 0
Net change in unrealized appreciation (depreciation):      
Unrealized gain (loss) 229,274 (143,665) 0
Foreign currency forward contracts (6,968) (2,136) 0
Translation of assets and liabilities in foreign currencies (8,173) (11,590) 0
Net change in unrealized appreciation (depreciation) 214,133 (157,391) 0
Net realized and change in unrealized gain (loss) 179,423 (151,281) 0
Net increase (decrease) in net assets resulting from operations 654,601 58,947 0
Non-controlled/non-affiliated      
Net realized and change in unrealized gain (loss):      
Realized gain (loss) on investments (16,769) (2,467) 0
Net change in unrealized appreciation (depreciation):      
Unrealized gain (loss) 230,599 (143,665) 0
Noncontrolled/affiliated      
Investment income:      
Other income 0    
Net realized and change in unrealized gain (loss):      
Realized gain (loss) on investments (864) 0 0
Net change in unrealized appreciation (depreciation):      
Unrealized gain (loss) 185 0 0
Controlled/affiliated      
Investment income:      
Other income 0    
Net realized and change in unrealized gain (loss):      
Realized gain (loss) on investments 0    
Net change in unrealized appreciation (depreciation):      
Unrealized gain (loss) (1,510) 0 0
Managing Dealer Agreement      
Expenses:      
Voluntary fee waived 0 (5,326) 0
Base Management Fee      
Expenses:      
Management fees 52,852 26,500  
Voluntary fee waived 0 (26,485) 0
Incentive Fee      
Expenses:      
Voluntary fee waived 0 (23,211) 0
Administrative Agreement | Related party      
Expenses:      
Administrative service expenses (Note 3) 2,459 1,800  
Class D      
Expenses:      
Distribution and/or shareholder servicing fees 1,403 631 0
Class D | Managing Dealer Agreement | Related party      
Expenses:      
Distribution and/or shareholder servicing fees 1,400 600  
Class F      
Expenses:      
Distribution and/or shareholder servicing fees 13,137 6,642 0
Class F | Managing Dealer Agreement | Related party      
Expenses:      
Distribution and/or shareholder servicing fees 13,100 6,600  
Class S      
Expenses:      
Distribution and/or shareholder servicing fees 23 $ 0 $ 0
Class S | Managing Dealer Agreement | Related party      
Expenses:      
Distribution and/or shareholder servicing fees $ 0