Financial Highlights (Tables)

9 Months Ended

Sep. 30, 2024

Statement of Financial Position [Abstract]

Schedule of Financial Highlights of the Company

The below table presents the schedule of financial highlights of the Company:

	For the Nine Months Ended
	September 30, 2024				September 30, 2023
Per Share Data:(1)
NAV, beginning of period	$	14.62			$	14.61
Net investment income		1.72				1.72
Net realized and unrealized gains (losses)(2)		(1.48	)			(0.38	)
Income tax provision, realized and unrealized gains		—		(3)		(0.01	)
Net increase (decrease) in net assets from operations		0.24				1.33
Issuance of common stock, net of underwriting and offering costs		0.03				0.02
Distributions to common stockholders		(1.35	)			(1.35	)
Total increase (decrease) in net assets		(1.08	)			—
NAV, end of period	$	13.54			$	14.61
Market price, end of period	$	13.76			$	14.56
Shares outstanding, end of period		117,161,940				109,563,525
Weighted average shares outstanding		113,805,819				107,881,454
Total return based on NAV(4)		1.60	%			9.89	%
Total return based on market value(5)		3.04	%			16.62	%
Supplemental Data/Ratio(6):
Net assets, end of period	$	1,586,088			$	1,600,577
Ratio of net expenses to average net assets		11.22	%			13.13	%
Ratio of net expenses before voluntary waivers to average net assets		11.22	%			13.30	%
Ratio of net expenses (without incentive fees and interest and other debt expenses) to average net assets		3.14	%			3.11	%
Ratio of interest and other debt expenses to average net assets		7.17	%			7.09	%
Ratio of net incentive fees to average net assets		0.91	%			2.93	%
Ratio of total expenses to average net assets		11.22	%			13.30	%
Ratio of net investment income to average net assets		16.34	%			15.80	%
Portfolio turnover		24	%			8	%

(1)The per share data was derived by using the weighted average shares outstanding during the applicable period, except for distributions recorded and issuance of common stock in connection with the Merger, which reflects the actual amount per share for the applicable period.

(2)The amount shown may not correspond for the period as it includes the effect of the timing of the distribution and the issuance of common stock.

(3)Amount rounds to less than $0.01.

(4)Calculated as the change in NAV per share during the respective periods, assuming dividends and distributions, if any, are reinvested in accordance with the Company’s DRIP.

(5)Calculated as the change in market value per share during the respective periods, assuming dividends and distributions, if any, are reinvested in accordance with the Company’s DRIP.

(6)Ratios are annualized.