Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Investment income:    
Dividend income $ 2,600 $ 0
Total investment income 313,502 178,776
Expenses:    
Total interest expense 86,093 49,963
Management fee expense 18,339 11,188
Income based incentive fee 25,565 14,248
Capital gains incentive fee 5,954 0
Professional fees 756 919
Board of Trustees’ fees 149 141
Administrative service expenses 822 573
Other general & administrative 2,384 1,651
Amortization of offering costs 453 365
Total expenses 145,505 82,158
Net investment income before excise tax 167,997 96,618
Excise tax expense (15) (5)
Net investment income after excise tax 168,012 96,623
Net realized and change in unrealized gain (loss):    
Realized gain (loss) on investments (9,949) (10,731)
Foreign currency forward contracts 167 (529)
Foreign currency transactions 3,509 (169)
Net realized gain (loss) (6,273) (11,429)
Net change in unrealized appreciation (depreciation):    
Unrealized gain (loss) 25,987 77,873
Foreign currency forward contracts 12,494 (2,505)
Translation of assets and liabilities in foreign currencies 15,430 (1,533)
Net change in unrealized appreciation (depreciation) 53,911 73,835
Net realized and change in unrealized gain (loss) 47,638 62,406
Net increase (decrease) in net assets resulting from operations 215,650 159,029
Common Class D    
Expenses:    
Distribution and/or shareholder servicing fees 497 275
Common Class F    
Expenses:    
Distribution and/or shareholder servicing fees 4,309 2,835
Common Class S    
Expenses:    
Distribution and/or shareholder servicing fees 184 0
Non-controlled/non-affiliated    
Investment income:    
Interest income 291,764 173,642
Payment-in-kind interest income 18,030 4,730
Dividend income 795 0
Other income 1,094 404
Net realized and change in unrealized gain (loss):    
Realized gain (loss) on investments (9,949) (10,731)
Net change in unrealized appreciation (depreciation):    
Unrealized gain (loss) 19,345 77,873
Controlled/affiliated    
Investment income:    
Dividend income 1,819 0
Net realized and change in unrealized gain (loss):    
Realized gain (loss) on investments 0  
Net change in unrealized appreciation (depreciation):    
Unrealized gain (loss) 6,688 0
Noncontrolled/affiliated    
Net realized and change in unrealized gain (loss):    
Realized gain (loss) on investments 0  
Net change in unrealized appreciation (depreciation):    
Unrealized gain (loss) $ (46) $ 0