v3.26.1
Agreements and Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The table below presents the costs and expenses reimbursable to the Adviser under the terms of the Administration Agreement for the following periods:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Costs and expenses reimbursable to the Adviser$2,872 $2,225 $5,474 $3,821 
The table below presents the management fees for the following periods:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Management fees
$54,055 $32,630 $108,041 $48,538 
Management fee waivers
(107)(90)(180)(122)
Management fees, net of management fee waivers
$53,948 $32,540 $107,861 $48,416 
The table below presents the incurred performance based incentive fees based on net investment income and accrued capital gains based incentive fees for the following periods:
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Performance based incentive fees based on net investment income
$29,316 $21,841 $57,435 $32,557 
Performance based incentive fees based on capital gains(1)
— 6,211 (38,804)4,936 
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(1)In the first quarter of 2026, the Company recorded a reversal of previously accrued performance based incentive fees based on capital gains of $38.8 million, driven by unrealized depreciation in the Company’s portfolio.