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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments at fair value    
Fair Value $ 26,719.9 [1] $ 22,873.7 [2]
Cash and cash equivalents 635.0 535.0
Restricted cash 225.0 29.0
Interest receivable 292.0 245.0
Receivable for open trades 224.0 16.0
Other assets 158.0 101.0
Total assets 28,254.0 23,800.0
LIABILITIES    
Debt 13,727.0 11,884.0
Base management fee payable 100.0 84.0
Income based fee payable 91.0 90.0
Capital gains incentive fee payable 105.0 88.0
Interest and facility fees payable 170.0 132.0
Payable to participants 163.0 29.0
Payable for open trades 236.0 7.0
Accounts payable and other liabilities 275.0 251.0
Secured borrowings 32.0 34.0
Total liabilities 14,899.0 12,599.0
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY    
Common stock, par value $0.001 per share, 1,000 common shares authorized; 672 and 582 common shares issued and outstanding, respectively 1.0 1.0
Capital in excess of par value 12,502.0 10,738.0
Accumulated undistributed earnings 852.0 462.0
Total stockholders’ equity 13,355.0 11,201.0
Total liabilities and stockholders’ equity $ 28,254.0 $ 23,800.0
NET ASSETS PER SHARE (in dollars per share) $ 19.89 $ 19.24
Non-controlled/non-affiliate company investments    
Investments at fair value    
Fair Value $ 22,145.0 $ 18,283.0
Non-controlled affiliate company investments    
Investments at fair value    
Fair Value 707.2 424.0
Controlled affiliate company investments    
Investments at fair value    
Fair Value $ 3,867.6 $ 4,166.7
[1] As of December 31, 2024, the estimated net unrealized gain for federal tax purposes was $0.2 billion based on a tax cost basis of $26.5 billion. As of December 31, 2024, the estimated aggregate gross unrealized gain for federal income tax purposes was $1.7 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was $1.5 billion.     
[2] As of December 31, 2023, the estimated net unrealized loss for federal tax purposes was $0.4 billion based on a tax cost basis of $22.5 billion. As of December 31, 2023, the estimated aggregate gross unrealized loss for federal income tax purposes was $1.7 billion and the estimated aggregate gross unrealized gain for federal income tax purposes was $1.3 billion.