Common Stock (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Net Assets Attributable to Common Stock Activity

The following table reflects the net assets attributable to Common Stock activity for the six months ended June 30, 2024:

	Common stock - shares	Common stock - par		Additional paid in capital		Total distributable earnings (loss)		Total net assets attributable to common stock
Balance as of December 31, 2023	26,080,389	$	26	$	400,332	$	(12,239)	$	388,119
Net investment income (loss)	—	—		—		49,737		49,737
Net realized gain (loss) from investment transactions	—	—		—		1,283		1,283
Net change in unrealized appreciation (depreciation) on investments	—	—		—		(24,800)		(24,800)
Accretion to redemption value of Series A redeemable convertible preferred stock	—	—		—		(5)		(5)
Accrual of Series A redeemable convertible preferred stock distributions	—	—		—		(2,197)		(2,197)
Distributions to common stockholders	—	—		—		(11,182)		(11,182)
Issuance of shares in connection with the Mergers	110,033,324	110		1,594,151		—		1,594,261
Reinvested dividends	221,360	0 (1)		3,342		—		3,342
Balance as of March 31, 2024	136,335,073	$	136	$	1,997,825	$	597	$	1,998,558
Net investment income (loss)	—	$	—	$	—	$	48,677	$	48,677
Net realized gain (loss) from investment transactions	—	—		—		250		250
Net change in unrealized appreciation (depreciation) on investments	—	—		—		(16,015)		(16,015)
Accretion to redemption value of Series A redeemable convertible preferred stock	—	—		—		(4)		(4)
Accrual of Series A redeemable convertible preferred stock distributions	—	—		—		(1,687)		(1,687)
Distributions to common stockholders	—	—		—		(45,004)		(45,004)
Issuance of common stock, net of issuance costs	61,058	0 (1)		900		—		900
Repurchases	(2,837,405)	(3)		(41,167)		—		(41,170)
Reinvested dividends	685,533	1		9,932		—		9,933
Balance as of June 30, 2024	134,244,259	$	134	$	1,967,490	$	(13,186)	$	1,954,438

(1) Less than $1.

The following table reflects the net assets attributable to Common Stock activity for the six months ended June 30, 2023:

	Common stock - shares	Common stock - par		Additional paid in capital		Total distributable earnings (loss)		Total net assets attributable to common stock
Balance as of December 31, 2022	24,609,132	$	25	$	375,557	$	(3,161)	$	372,421
Net investment income (loss)	—	—		—		12,061		12,061
Net realized gain (loss) from investment transactions	—	—		—		(161)		(161)
Net change in unrealized appreciation (depreciation) on investments	—	—		—		(1,261)		(1,261)
Accretion to redemption value of Series A redeemable convertible preferred stock	—	—		—		(3)		(3)
Accrual of Series A redeemable convertible preferred stock distributions	—	—		—		(1,023)		(1,023)
Distributions to common stockholders	—	—		—		(10,584)		(10,584)
Issuance of common stock, net of issuance costs	532,871	1		8,072		—		8,073
Reinvested dividends	197,903	0(1)		2,994		—		2,994
Balance as of March 31, 2023	25,339,906	$	26	$	386,623	$	(4,132)	$	382,517
Net investment income (loss)	—	$	—	$	—	$	13,636	$	13,636
Net realized gain (loss) from investment transactions	—	—		—		31		31
Net change in unrealized appreciation (depreciation) on investments	—	—		—		(2,198)		(2,198)
Accretion to redemption value of Series A redeemable convertible preferred stock	—	—		—		(4)		(4)
Accrual of Series A redeemable convertible preferred stock distributions	—	—		—		(2,197)		(2,197)
Distributions to common stockholders	—	—		—		(10,895)		(10,895)
Reinvested dividends	202,931	0(1)		3,074		—		3,074
Balance as of June 30, 2023	25,542,837	$	26	$	389,697	$	(5,759)	$	383,964

(1) Less than $1.

The following table reflects the Common Stock activity for the six months ended June 30, 2024:

	Shares	Value
Shares Sold	110,094,382	$	1,595,161
Shares Issued through DRIP	906,893	13,275
Share Repurchases	(2,837,405)	(41,170)
	108,163,870	$	1,567,266

The following table reflects the Common Stock activity for the year ended December 31, 2023:

	Shares	Value
Shares Sold	642,732	$	9,686
Shares Issued through DRIP	828,525	12,439
	1,471,257	$	22,125