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 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Investment income:        
Dividend income $ 8,700 $ 100 $ 19,000 $ 100
Total investment income 373,253 233,875 1,018,014 628,456
Expenses:        
Interest expense 106,274 66,665 281,035 178,228
Management fees 24,001 13,653 63,547 36,911
Income based incentive fee 29,258 18,660 81,848 50,119
Capital gains incentive fee 427 2,217 9,955 2,217
Professional fees 1,083 565 2,682 2,769
Board of Trustees’ fees 149 165 449 451
Administrative service expenses (Note 3) 931 486 2,600 1,640
Other general & administrative 2,506 1,732 7,299 5,427
Amortization of continuous offering costs 608 461 1,424 1,215
Total expenses 171,627 108,360 467,915 289,211
Net investment income before excise tax 201,626 125,515 550,099 339,245
Excise tax expense 3,643 870 4,197 865
Net investment income after excise tax 197,983 124,645 545,902 338,380
Net realized and change in unrealized gain (loss):        
Realized gain (loss) on investments     (16,022) (16,749)
Foreign currency forward contracts (763) 5,924 (3,417) (1,757)
Foreign currency transactions 791 (6,721) 9,912 (6,863)
Net realized gain (loss) (4,520) (7,180) (9,527) (25,369)
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss)     132,042 163,057
Foreign currency forward contracts (49,758) 4,931 (32,510) 5,835
Translation of assets and liabilities in foreign currencies (22,335) 32,986 (10,363) 25,493
Net change in unrealized appreciation (depreciation) 7,934 84,984 89,169 194,385
Net realized and change in unrealized gain (loss) 3,414 77,804 79,642 169,016
Net increase (decrease) in net assets resulting from operations 201,397 202,449 625,544 507,396
Common Class D        
Expenses:        
Distribution and/or shareholder servicing fees 642 371 1,699 959
Common Class F        
Expenses:        
Distribution and/or shareholder servicing fees 5,144 3,385 14,177 9,275
Common Class S        
Expenses:        
Distribution and/or shareholder servicing fees 604 0 1,200 0
Non-controlled/non-affiliated        
Investment income:        
Interest income 345,624 222,420 940,968 602,418
Payment-in-kind interest income 17,916 10,393 52,856 23,284
Dividend income 1,131 100 2,899 147
Other income 966 962 5,230 2,607
Net realized and change in unrealized gain (loss):        
Realized gain (loss) on investments (4,548) (6,383) (16,022) (16,749)
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) 72,233 47,292 110,952 163,282
Controlled/affiliated        
Investment income:        
Dividend income 7,616 0 16,061 0
Net realized and change in unrealized gain (loss):        
Realized gain (loss) on investments     0  
Net change in unrealized appreciation (depreciation):        
Unrealized gain (loss) 7,763 0 20,685 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) $ 31 $ (225) $ 405 $ (225)