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Unaudited Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Investment income:        
Total interest income $ 40,639 $ 24,623 $ 113,492 $ 76,655
Total dividend income 7,905 2,867 22,844 3,333
Total fee and other income 4,321 4,488 10,589 9,190
Total payment-in-kind interest income 3,267 3,006 8,540 9,551
Total investment income 56,306 34,984 155,656 98,730
Operating expenses:        
Interest and other financing fees 15,341 8,103 40,170 23,382
Base management fee (Note 2) 8,267 5,274 21,520 14,094
Incentive management fees (Note 2) 1,825 4,443 6,579 10,675
General and administrative expenses (Note 2) 2,961 2,281 8,686 6,783
Total operating expenses 28,394 20,101 76,955 54,934
Net investment income before taxes 27,912 14,883 78,701 43,796
Income taxes, including excise tax expense 0 26 6 7
Net investment income after taxes 27,912 14,857 78,695 43,789
Net realized gains (losses):        
Net realized gains (losses) on investments (9,030) 926 (16,694) 4,293
Distributions of realized gains by investment companies 6,181 0 6,181 0
Foreign currency transactions 10,711 (4,688) 6,710 (5,873)
Net realized gains (losses) 7,862 (3,762) (3,803) (1,580)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (46,792) (7,562) (109,553) 9,030
Credit support agreements 3,440 0 (10,320) 700
Foreign currency transactions 17,231 10,877 52,563 14,269
Net unrealized appreciation (depreciation) (26,121) 3,315 (67,310) 23,999
Net realized gains (losses) and unrealized appreciation (depreciation) on investments, credit support agreements and foreign currency transactions (18,259) (447) (71,113) 22,419
Benefit from (Provision for) income taxes 240 0 (1,650) (1)
Net increase (decrease) in net assets resulting from operations $ 9,893 $ 14,410 $ 5,932 $ 66,207
Net investment income per share—basic (in dollars per share) $ 0.26 $ 0.23 $ 0.78 $ 0.67
Net investment income per share—diluted (in dollars per share) 0.26 0.23 0.78 0.67
Net increase (decrease) in net assets resulting from operations per share—diluted (in dollars per share) 0.09 0.22 0.06 1.01
Dividends/distributions per share:        
Total dividends/distributions per share, declared (in dollars per share) 0.24 0.21 0.71 0.60
Total dividends/distributions per share, paid (in dollars per share) $ 0.24 $ 0.21 $ 0.71 $ 0.60
Weighted average shares outstanding—basic (in shares) 109,272,489 65,316,085 100,993,581 65,316,085
Weighted average shares outstanding—diluted (in shares) 109,272,489 65,316,085 100,993,581 65,316,085
Short-term investments        
Investment income:        
Total interest income $ 0 $ 2 $ 0 $ 16
Cash        
Investment income:        
Interest income from cash 174 0 191 1
Non-Control / Non-Affiliate investments        
Investment income:        
Total dividend income 1,113 65 1,299 98
Total fee and other income 4,249 4,310 11,396 8,695
Total payment-in-kind interest income 2,757 2,695 7,115 8,801
Net realized gains (losses):        
Net realized gains (losses) on investments (8,257) 950 (15,208) 4,394
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (29,481) (8,354) (123,498) 1,308
Non-Control / Non-Affiliate investments | Long-Term Investment        
Investment income:        
Total interest income 39,994 24,315 111,628 76,009
Affiliate investments        
Investment income:        
Total dividend income 6,792 2,802 21,545 3,235
Total fee and other income 29 15 68 16
Total payment-in-kind interest income 224 311 361 750
Net realized gains (losses):        
Net realized gains (losses) on investments 0 (24) 101 (101)
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (320) (323) (759) 9,209
Affiliate investments | Long-Term Investment        
Investment income:        
Total interest income 278 196 861 305
Control investments        
Investment income:        
Total fee and other income 43 163 (875) 479
Total payment-in-kind interest income 286 0 1,064 0
Net realized gains (losses):        
Net realized gains (losses) on investments (773) 0 (1,587) 0
Net unrealized appreciation (depreciation):        
Net unrealized appreciation (depreciation) on investments (16,991) 1,115 14,704 (1,487)
Control investments | Long-Term Investment        
Investment income:        
Total interest income $ 367 $ 110 $ 1,003 $ 325