Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

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CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
shares in Thousands, $ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Investments, at fair value: $ 4,466,647 $ 3,659,978
Cash and cash equivalents 56,874 42,679
Foreign cash (cost of $113 and $70,445, respectively) 113 70,445
Restricted cash 2,467 3,297
Interest receivable 37,261 32,578
Right of use asset 14,842 16,778
Other assets 5,822 5,836
Total assets 4,584,026 3,831,591
Liabilities    
Debt (net of unamortized debt issuance costs of $26,626 and $14,310, respectively; amounts related to a VIE $64,530 and $118,769, respectively) 2,286,444 1,768,955
Accounts payable and accrued liabilities 65,262 54,861
Operating lease liability 16,267 18,194
Total liabilities 2,367,973 1,842,010
Commitments and Contingencies
Net assets consist of:    
Common stock, par value 183 171
Capital in excess of par value 2,114,719 1,900,490
Total distributable earnings 101,151 88,920
Total net assets 2,216,053 1,989,581
Total liabilities and net assets $ 4,584,026 $ 3,831,591
Shares of common stock outstanding ($0.001 par value and 300,000 and 200,000 authorized respectively) (in shares) 182,695 170,575
Net asset value per share (in dollars per share) $ 12.13 $ 11.66
Non-control/Non-affiliate investments    
Assets    
Investments, at fair value: $ 4,351,596 $ 3,546,799
Control investments    
Assets    
Investments, at fair value: $ 115,051 $ 113,179