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Fair Value of Investments (Tables) | 6 Months Ended
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Jun. 30, 2026
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Hierarchy of Investments | The tables below present the fair value hierarchy of investments as of the following periods:
|  | Fair Value Hierarchy as of June 30, 2026
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash (including restricted and foreign cash) |  | $ | 238,049 |  |  | $ | — |  |  | $ | — |  |  | $ | 238,049 |
Investments: |  |  |  |  |  |  |  |
First-lien senior secured debt investments |  | $ | — |  |  | $ | 44,279 |  |  | $ | 10,893,570 |  |  | $ | 10,937,849 |
Second-lien senior secured debt investments |  | — |  |  | — |  |  | 674,223 |  |  | 674,223 |
Unsecured debt investments |  | — |  |  | — |  |  | 377,224 |  |  | 377,224 |
Specialty finance debt investments |  | — |  |  | — |  |  | 171,254 |  |  | 171,254 |
Preferred equity investments |  | — |  |  | — |  |  | 262,536 |  |  | 262,536 |
Common equity investments |  | 23,906 |  |  | 4,320 |  |  | 556,928 |  |  | 585,154 |
Specialty finance equity investments |  | — |  |  | — |  |  | 1,011,942 |  |  | 1,011,942 |
Subtotal |  | 23,906 |  |  | 48,599 |  |  | 13,947,677 |  |  | 14,020,182 |
Investments measured at NAV(1) |  | — |  |  | — |  |  | — |  |  | 934,867 |
Total Investments at Fair Value |  | $ | 23,906 |  |  | $ | 48,599 |  |  | $ | 13,947,677 |  |  | $ | 14,955,049 |
Derivatives: |  |  |  |  |  |  |  |
Derivative assets |  | $ | — |  |  | $ | 5,918 |  |  | $ | — |  |  | $ | 5,918 |
Derivative liabilities |  | $ | — |  |  | $ | 6,772 |  |  | $ | — |  |  | $ | 6,772 |
___________ (1)Includes investments in Credit SLF, LSI Financing LLC, BOCSO, Blue Owl Leasing and Owl-HP Finance which are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and has not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.
|  | Fair Value Hierarchy as of December 31, 2025
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash (including restricted and foreign cash) |  | $ | 568,542 |  |  | $ | — |  |  | $ | — |  |  | $ | 568,542 |
Investments: |  |  |  |  |  |  |  |
First-lien senior secured debt investments |  | $ | — |  |  | $ | 39,027 |  |  | $ | 12,009,907 |  |  | $ | 12,048,934 |
Second-lien senior secured debt investments |  | — |  |  | 47,294 |  |  | 801,281 |  |  | 848,575 |
Unsecured debt investments |  | — |  |  | — |  |  | 399,962 |  |  | 399,962 |
Specialty finance debt investments |  | — |  |  | — |  |  | 157,297 |  |  | 157,297 |
Preferred equity investments |  | — |  |  | — |  |  | 568,977 |  |  | 568,977 |
Common equity investments |  | — |  |  | 6,555 |  |  | 520,542 |  |  | 527,097 |
Specialty finance equity investments |  | — |  |  | — |  |  | 1,114,178 |  |  | 1,114,178 |
Subtotal |  | — |  |  | 92,876 |  |  | 15,572,144 |  |  | 15,665,020 |
Investments measured at NAV(1) |  | — |  |  | — |  |  | — |  |  | 805,873 |
Total Investments at fair value |  | $ | — |  |  | $ | 92,876 |  |  | $ | 15,572,144 |  |  | $ | 16,470,893 |
Derivatives: |  |  |  |  |  |  |  |
Derivative assets |  | $ | — |  |  | $ | 3,123 |  |  | $ | — |  |  | $ | 3,123 |
Derivative liabilities |  | $ | — |  |  | $ | 793 |  |  | $ | — |  |  | $ | 793 |
_______________ (1)Includes investments in Credit SLF, LSI Financing LLC, BOCSO and Blue Owl Leasing which are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and has not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.
Schedule of Changes in the Fair Value of Investments | The tables below present the changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the following periods:
| As of and for the Three Months Ended June 30, 2026
| Debt Investments |  | Equity Investments |  |
| First-Lien Senior Secured |  | Second-Lien Senior Secured |  | Unsecured |  | Specialty Finance |  | Preferred |  | Common |  | Specialty Finance |  | Total
Fair value, beginning of period | $ | 11,003,920 |  |  | $ | 730,176 |  |  | $ | 369,374 |  |  | $ | 159,598 |  |  | $ | 536,853 |  |  | $ | 537,854 |  |  | $ | 1,011,324 |  |  | $ | 14,349,099 |
Purchases of investments, net | 454,452 |  |  | — |  |  | — |  |  | 11,887 |  |  | — |  |  | 3,154 |  |  | 5,389 |  |  | 474,882 |
Payment-in-kind | 15,911 |  |  | 2,030 |  |  | 10,220 |  |  | 327 |  |  | 13,583 |  |  | 287 |  |  | — |  |  | 42,358 |
Proceeds from investments, net | (532,518) |  |  | (24,953) |  |  | (2,044) |  |  | (558) |  |  | (255,892) |  |  | (353) |  |  | (1,485) |  |  | (817,803) |
Net change in unrealized gain (loss) | (47,395) |  |  | (68,508) |  |  | (648) |  |  | (11) |  |  | (35,397) |  |  | 33,099 |  |  | (3,286) |  |  | (122,146) |
Net realized gain (loss) | (2,859) |  |  | (8,648) |  |  | 216 |  |  | — |  |  | (50) |  |  | (2,377) |  |  | — |  |  | (13,718) |
Net amortization/accretion of discount/premium on investments | 11,026 |  |  | 945 |  |  | 106 |  |  | 11 |  |  | 3,439 |  |  | — |  |  | — |  |  | 15,527 |
Transfers between investment types | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Transfers into (out of) Level 3(1) | (8,967) |  |  | 43,181 |  |  | — |  |  | — |  |  | — |  |  | (14,736) |  |  | — |  |  | 19,478 |
Fair Value, End of Period | $ | 10,893,570 |  |  | $ | 674,223 |  |  | $ | 377,224 |  |  | $ | 171,254 |  |  | $ | 262,536 |  |  | $ | 556,928 |  |  | $ | 1,011,942 |  |  | $ | 13,947,677 |
_______________ (1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended June 30, 2026, transfers into/(out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies. The tables below present the changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the following periods:
| As of and for the Six Months Ended June 30, 2026
| Debt Investments |  | Equity Investments |  |
| First-Lien Senior Secured |  | Second-Lien Senior Secured |  | Unsecured |  | Specialty Finance |  | Preferred |  | Common |  | Specialty Finance |  | Total
Fair value, beginning of period | $ | 12,009,907 |  |  | $ | 801,281 |  |  | $ | 399,962 |  |  | $ | 157,297 |  |  | $ | 568,977 |  |  | $ | 520,542 |  |  | $ | 1,114,178 |  |  | $ | 15,572,144 |
Purchases of investments, net | 804,632 |  |  | 1 |  |  | — |  |  | 11,887 |  |  | 976 |  |  | 15,222 |  |  | 8,117 |  |  | 840,835 |
Payment-in-kind | 32,258 |  |  | 4,047 |  |  | 21,853 |  |  | 2,913 |  |  | 23,331 |  |  | 565 |  |  | — |  |  | 84,967 |
Proceeds from investments, net | (1,819,971) |  |  | (41,676) |  |  | (41,400) |  |  | (843) |  |  | (292,441) |  |  | (1,416) |  |  | (102,542) |  |  | (2,300,289) |
Net change in unrealized gain (loss) | (101,368) |  |  | (130,487) |  |  | (5,859) |  |  | (23) |  |  | (22,270) |  |  | 69,681 |  |  | (7,811) |  |  | (198,137) |
Net realized gain (loss) | (58,263) |  |  | (8,503) |  |  | 2,471 |  |  | — |  |  | (20,027) |  |  | (26,145) |  |  | — |  |  | (110,467) |
Net amortization/accretion of discount/premium on investments | 26,920 |  |  | 2,266 |  |  | 197 |  |  | 23 |  |  | 3,990 |  |  | — |  |  | — |  |  | 33,396 |
Transfers between investment types | (158) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 158 |  |  | — |  |  | — |
Transfers into (out of) Level 3(1) | (387) |  |  | 47,294 |  |  | — |  |  | — |  |  | — |  |  | (21,679) |  |  | — |  |  | 25,228 |
Fair Value, End of Period | $ | 10,893,570 |  |  | $ | 674,223 |  |  | $ | 377,224 |  |  | $ | 171,254 |  |  | $ | 262,536 |  |  | $ | 556,928 |  |  | $ | 1,011,942 |  |  | $ | 13,947,677 |
_______________ (1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the six months ended June 30, 2026, transfers into/(out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.
| As of and for the Three Months Ended June 30, 2025
| Debt Investments |  | Equity Investments |  |
| First-Lien Senior Secured |  | Second-Lien Senior Secured |  | Unsecured |  | Specialty Finance |  | Preferred |  | Common |  | Specialty Finance |  | Total
Fair value, beginning of period | $ | 13,534,635 |  |  | $ | 846,978 |  |  | $ | 377,711 |  |  | $ | 121,603 |  |  | $ | 543,191 |  |  | $ | 634,300 |  |  | $ | 937,195 |  |  | $ | 16,995,613 |
Purchases of investments, net | 478,573 |  |  | 148,500 |  |  | — |  |  | 9,813 |  |  | 2,909 |  |  | 4,401 |  |  | 68,832 |  |  | 713,028 |
Payment-in-kind | 16,011 |  |  | 8,974 |  |  | 10,918 |  |  | 729 |  |  | 16,928 |  |  | 265 |  |  | — |  |  | 53,825 |
Proceeds from investments, net | (1,379,333) |  |  | (122,716) |  |  | (24,233) |  |  | — |  |  | (4,982) |  |  | (77,386) |  |  | (2,395) |  |  | (1,611,045) |
Net change in unrealized gain (loss) | (86,522) |  |  | (13,996) |  |  | 9,168 |  |  | 21 |  |  | (4,974) |  |  | (18,953) |  |  | 29,045 |  |  | (86,211) |
Net realized gains (losses) | 4,410 |  |  | — |  |  | 641 |  |  | — |  |  | 49 |  |  | 22,218 |  |  | — |  |  | 27,318 |
Net amortization/accretion of discount/premium on investments | 35,042 |  |  | 3,547 |  |  | 488 |  |  | 7 |  |  | 666 |  |  | — |  |  | — |  |  | 39,750 |
Transfers into (out of) Level 3(1) | (3,847) |  |  | (7,620) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,467) |
Fair Value, End of Period | $ | 12,598,969 |  |  | $ | 863,667 |  |  | $ | 374,693 |  |  | $ | 132,173 |  |  | $ | 553,787 |  |  | $ | 564,845 |  |  | $ | 1,032,677 |  |  | $ | 16,120,811 |
_______________ (1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the three months ended June 30, 2025, transfers into/(out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.
| As of and for the Six Months Ended June 30, 2025
| Debt Investments |  | Equity Investments |  |
| First-Lien Senior Secured |  | Second-Lien Senior Secured |  | Unsecured |  | Specialty Finance |  | Preferred |  | Common |  | Specialty Finance |  | Total
Fair value, beginning of period | $ | 9,796,885 |  |  | $ | 660,060 |  |  | $ | 301,956 |  |  | $ | 90,735 |  |  | $ | 366,973 |  |  | $ | 550,886 |  |  | $ | 799,766 |  |  | $ | 12,567,261 |
Purchases of investments, net | 1,202,373 |  |  | 141,009 |  |  | — |  |  | 25,594 |  |  | 46,930 |  |  | 4,386 |  |  | 119,215 |  |  | 1,539,507 |
Payment-in-kind | 40,649 |  |  | 15,504 |  |  | 23,469 |  |  | 743 |  |  | 26,153 |  |  | 522 |  |  | — |  |  | 107,040 |
Proceeds from investments, net | (1,883,856) |  |  | (129,182) |  |  | (33,743) |  |  | — |  |  | (15,358) |  |  | (77,371) |  |  | (5,464) |  |  | (2,144,974) |
Net change in unrealized gain (loss) | (23,419) |  |  | 87,300 |  |  | 17,431 |  |  | 309 |  |  | (1,254) |  |  | (16,295) |  |  | 42,804 |  |  | 106,876 |
Net realized gains (losses) | (6,545) |  |  | (102,791) |  |  | (1,212) |  |  | — |  |  | 152 |  |  | 22,218 |  |  | 1,119 |  |  | (87,059) |
Net amortization of discount on investments | 51,130 |  |  | 4,486 |  |  | 628 |  |  | 13 |  |  | 1,309 |  |  | — |  |  | — |  |  | 57,566 |
Transfers into (out of) Level 3(1) | (29,148) |  |  | 9,746 |  |  | — |  |  | — |  |  | — |  |  | (3,091) |  |  | — |  |  | (22,493) |
Transfers in from the OBDE Mergers | 3,450,900 |  |  | 177,535 |  |  | 66,164 |  |  | 14,779 |  |  | 128,882 |  |  | 83,590 |  |  | 75,237 |  |  | 3,997,087 |
Fair Value, End of Period | $ | 12,598,969 |  |  | $ | 863,667 |  |  | $ | 374,693 |  |  | $ | 132,173 |  |  | $ | 553,787 |  |  | $ | 564,845 |  |  | $ | 1,032,677 |  |  | $ | 16,120,811 |
_______________ (1)Transfers into (out of) Level 3 were a result of an investment measured at net asset value which is no longer categorized within the fair value hierarchy. The tables below present the net change in unrealized gains on investments for which Level 3 inputs were used in determining the fair value that are still held by the Company for the following periods:
| Net Change in Unrealized Gain (Loss) for the Three Months Ended June 30, 2026 on Investments Held at June 30, 2026 |  | Net Change in Unrealized Gain (Loss) for the Three Months Ended June 30, 2025 on Investments Held at June 30, 2025
First-lien senior secured debt investments | $ | (49,105) |  |  | $ | (91,669) |
Second-lien senior secured debt investments | (68,508) |  |  | (34,067) |
Unsecured debt investments | (648) |  |  | 9,168 |
Specialty finance debt investments | (11) |  |  | 21 |
Preferred equity investments | (11,918) |  |  | (4,973) |
Common equity investments | 31,234 |  |  | (18,939) |
Specialty finance equity investments | (3,286) |  |  | 29,029 |
Total Investments | $ | (102,242) |  |  | $ | (111,430) |
| Net Change in Unrealized Gain (Loss) for the Six Months Ended June 30, 2026 on Investments Held at June 30, 2026 |  | Net Change in Unrealized Gain (Loss) for the Six Months Ended June 30, 2025 on Investments Held at June 30, 2025 |  |
First-lien senior secured debt investments | $ | (150,437) |  |  | $ | (40,510) |  |  |
Second-lien senior secured debt investments | (130,487) |  |  | (16,898) |  |  |
Unsecured debt investments | (5,859) |  |  | 17,431 |  |  |
Specialty finance debt investments | (23) |  |  | 311 |  |  |
Preferred equity investments | (40,677) |  |  | (1,254) |  |  |
Common equity investments | 44,314 |  |  | 15,269 |  |  |
Specialty finance equity investments | (7,811) |  |  | 42,788 |  |  |
Total Investments | $ | (290,980) |  |  | $ | 17,137 |  |  |
Schedule of Quantitative Information About Significant Unobservable Inputs of Level 3 Investments | The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of the following periods. The weighted average range of unobservable inputs is based on fair value of investments. The tables are not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Company’s determination of fair value.
| As of June 30, 2026
| Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average) |  | Impact to Valuation from an Increase in Input
First-lien senior secured debt investments | $ | 10,556,228 |  |  | Yield Analysis |  | Market Yield |  | 7.1% - 23.8% (10.4%) |  | Decrease
179,499 |  | Transaction |  | Transaction Price |  | 98.5% - 99.6% (99.3%) |  | Increase
157,843 |  |  | Recovery Analysis |  | Recovery Rate |  | 0.0% - 100.0% (46.0%) |  | Increase
Second-lien senior secured debt investments | $ | 667,573 |  |  | Yield Analysis |  | Market Yield |  | 10.5% - 47.0% (22.6%) |  | Decrease
6,650 |  |  | Recovery Analysis |  | Recovery Rate |  | 5.0% - 5.0% (5.0%) |  | Increase
Unsecured debt investments | $ | 367,642 |  |  | Yield Analysis |  | Market Yield |  | 5.4% - 22.5% (13.8%) |  | Decrease
9,582 |  |  | Market Approach |  | EBITDA Multiple |  | 12.0x - 12.0x (12.0x) |  | Decrease
Specialty finance debt investments | $ | 171,254 |  |  | Yield Analysis |  | Market Yield |  | 12.3% - 12.3% (12.3%) |  | Decrease
Preferred equity investments | $ | 246,278 |  |  | Yield Analysis |  | Market Yield |  | 12.9% - 53.5% (23.8%) |  | Decrease
16,000 |  | Market Approach |  | EBITDA Multiple |  | 9.5x - 9.5x (9.5x) |  | Decrease
258 |  |  | Market Approach |  | Revenue Multiple |  | 13.3x - 13.3x (13.3x) |  | Increase
Common equity investments | $ | 478,092 |  |  | Market Approach |  | EBITDA Multiple |  | 4.0x - 27.8x (7.9x) |  | Decrease
45,892 |  |  | Market Approach |  | Revenue Multiple |  | 5.0x - 47.5x (11.1x) |  | Increase
8,485 |  | Transaction |  | Transaction Price |  | 18.0% - 200.2% (149.2%) |  | Increase
14,618 |  | Yield Analysis |  | Market Yield |  | 8.4% - 8.4% (8.4%) |  | Decrease
8,979 |  | Market Approach |  | Market Adjustment Factor |  | (13.1)% - 26.3% (6.0%) |  | Increase
694 |  | Option Pricing Model |  | Volatility |  | 60.0% - 70.0% (70.0%) |  | Increase
168 |  | Market Approach |  | Gross Profit Multiple |  | 9.3x - 9.3x (9.3x) |  | Increase
Specialty finance equity investments | $ | 607,054 |  |  | Market Approach |  | Book Multiple |  | 1.2x - 1.2x (1.2x) |  | Increase
302,656 |  | Market Approach |  | AUM Multiple |  | 1.0x - 1.0x (1.0x) |  | Increase
94,975 |  |  | Market Approach |  | Recovery Rate |  | 120.0% - 150.0% (140.0%) |  | Increase
5,196 |  |  | Yield Analysis |  | Market Yield |  | 11.8% - 11.8% (11.8%) |  | Decrease
2,061 |  | Discounted Cash Flow Analysis |  | Market Yield |  | 20.0% - 20.0% (20.0%) |  | Decrease
|  | As of December 31, 2025
|  | Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average) |  | Impact to Valuation from an Increase in Input
First-lien senior secured debt investments |  | $ | 11,273,964 |  |  | Yield Analysis |  | Market Yield |  | 6.3% - 20.1% (9.6%) |  | Decrease
| 536,599 |  |  | Recent Transaction |  | Transaction Price |  | 99.0% - 99.8% (99.3%) |  | Increase
| 199,344 |  |  | Collateral Analysis |  | Recovery Rate |  | 0.0% - 107.2% (59.5%) |  | Increase
Second-lien senior secured debt investments |  | $ | 801,281 |  |  | Yield Analysis |  | Market Yield |  | 9.7% - 62.4% (18.9%) |  | Decrease
Unsecured debt investments |  | $ | 390,845 |  |  | Yield Analysis |  | Market Yield |  | 5.5% - 17.6% (12.6%) |  | Decrease
| 9,117 |  |  | Market Approach |  | EBITDA Multiple |  | 12.0x - 12.0x (12.0x) |  | Increase
Specialty finance debt investments |  | $ | 157,297 |  |  | Yield Analysis |  | Market Yield |  | 11.6% - 11.6% (11.6%) |  | Decrease
Preferred equity investments |  | $ | 559,595 |  |  | Yield Analysis |  | Market Yield |  | 11.6% - 35.3% (16.1%) |  | Decrease
| 9,171 |  |  | Market Approach |  | EBITDA Multiple |  | 128.9x - 128.9x (128.9x) |  | Increase
| 211 |  |  | Market Approach |  | Revenue Multiple |  | 11.3x - 11.3x (11.3x) |  | Increase
Common equity investments |  | $ | 388,838 |  |  | Market Approach |  | EBITDA Multiple |  | 4.0x - 17.9x (7.7x) |  | Increase
| 45,461 |  |  | Market Approach |  | Revenue Multiple |  | 6.3x - 13.0x (10.7x) |  | Increase
| 43,926 |  |  | Recent Transaction |  | Transaction Price |  | 100.0% - 100.0% (100.0%) |  | Increase
| 21,679 |  |  | Market Approach |  | Transaction Price |  | $96.84 - $96.84 ($96.84) |  | Increase
| 14,020 |  |  | Yield Analysis |  | Market Yield |  | 8.5% - 8.5% (8.5%) |  | Decrease
| 6,105 |  |  | Market Approach |  | Market Adjustment Factor |  | 0.0% - 0.0% (0.0%) |  | Increase
| 347 |  |  | Option Pricing Model |  | Volatility |  | 60.0% - 70.0% (70.0%) |  | Increase
| 166 |  |  | Market Approach |  | Gross Profit Multiple |  | 9.0x - 9.0x (9.0x) |  | Increase
Specialty finance equity investments |  | $ | 607,284 |  |  | Market Approach |  | EBITDA Multiple |  | 1.3x - 1.3x (1.3x) |  | Increase
| 403,170 |  |  | Market Approach |  | AUM Multiple |  | 1.1x - 1.1x (1.1x) |  | Increase
| 94,930 |  |  | Market Approach |  | N/A(1) |  | N/A |  | N/A
| 6,657 |  |  | Yield Analysis |  | Market Yield |  | 11.5% - 11.5% (11.5%) |  | Decrease
| 2,137 |  |  | Discounted Cash Flow Analysis |  | Discounted Factor |  | 20.0% - 20.0% (20.0%) |  | Decrease
_____________ (1)Fair value based on a weighting of the appraised value of the portfolio company’s underlying assets and their cost.
Schedule of Carrying Values and Fair Values of the Company’s Debt Obligations | The table below presents the carrying and fair values of the Company’s debt obligations as of the following periods:
|  | As of June 30, 2026 |  | As of December 31, 2025
|  | Net Carrying Value |  | Debt Issuance Costs |  | Fair Value |  | Net Carrying Value |  | Debt Issuance Costs |  | Fair Value
Revolving Credit Facility |  | $ | 71,376 |  |  | $ | (34,124) |  |  | $ | 71,376 |  |  | $ | 984,069 |  |  | $ | (27,931) |  |  | $ | 984,069 |
SPV Asset Facility II |  | 250,905 |  |  | (5,295) |  |  | 250,905 |  |  | 156,138 |  |  | (5,562) |  |  | 156,138 |
SPV Asset Facility V |  | 426,088 |  |  | (4,412) |  |  | 426,088 |  |  | 378,999 |  |  | (5,001) |  |  | 378,999 |
SPV Asset Facility VI |  | 306,470 |  |  | (3,530) |  |  | 306,470 |  |  | 295,959 |  |  | (4,041) |  |  | 295,959 |
SPV Asset Facility VII |  | — |  |  | — |  |  | — |  |  | 208,399 |  |  | (1,601) |  |  | 208,399 |
CLO I |  | — |  |  | — |  |  | — |  |  | 386,511 |  |  | (3,489) |  |  | 386,511 |
CLO III |  | 258,362 |  |  | (1,638) |  |  | 258,362 |  |  | 258,273 |  |  | (1,727) |  |  | 258,273 |
CLO IV |  | 217,166 |  |  | (2,782) |  |  | 217,166 |  |  | 272,117 |  |  | (3,346) |  |  | 272,117 |
CLO V |  | 507,686 |  |  | (1,939) |  |  | 507,686 |  |  | 507,563 |  |  | (2,062) |  |  | 507,563 |
CLO VII |  | 328,459 |  |  | (2,041) |  |  | 328,459 |  |  | 328,373 |  |  | (2,127) |  |  | 328,373 |
CLO X |  | 270,167 |  |  | (1,833) |  |  | 270,167 |  |  | 270,203 |  |  | (1,797) |  |  | 270,203 |
CLO XIV |  | — |  |  | — |  |  | — |  |  | 258,422 |  |  | (1,578) |  |  | 258,422 |
2026 Notes |  | — |  |  | — |  |  | — |  |  | 499,909 |  |  | (91) |  |  | 498,750 |
July 2026 Notes |  | 999,803 |  |  | (197) |  |  | 1,000,000 |  |  | 997,283 |  |  | (2,717) |  |  | 992,500 |
2027 Notes |  | 489,826 |  |  | (9,073) |  |  | 492,500 |  |  | 483,987 |  |  | (2,117) |  |  | 488,750 |
April 2027 Notes |  | 324,335 |  |  | (665) |  |  | 320,125 |  |  | 323,922 |  |  | (1,078) |  |  | 317,688 |
July 2027 Notes |  | 249,038 |  |  | (962) |  |  | 250,000 |  |  | 248,611 |  |  | (1,389) |  |  | 250,000 |
2028 Notes |  | 844,749 |  |  | (5,251) |  |  | 805,375 |  |  | 843,451 |  |  | (6,549) |  |  | 803,250 |
June 2028 Notes |  | 99,531 |  |  | (469) |  |  | 100,000 |  |  | 99,415 |  |  | (585) |  |  | 100,000 |
September 2028 Notes |  | 393,582 |  |  | (2,861) |  |  | 404,000 |  |  | — |  |  | — |  |  | — |
2029 Notes |  | 986,672 |  |  | (6,965) |  |  | 1,000,000 |  |  | 1,002,667 |  |  | (8,373) |  |  | 1,010,000 |
2030 Notes |  | 486,848 |  |  | (9,041) |  |  | 498,750 |  |  | 495,805 |  |  | (10,025) |  |  | 506,250 |
2031 Notes |  | 392,470 |  |  | (8,694) |  |  | 398,000 |  |  | — |  |  | — |  |  | — |
Total Debt |  | $ | 7,903,533 |  |  | $ | (101,772) |  |  | $ | 7,905,429 |  |  | $ | 9,300,076 |  |  | $ | (93,186) |  |  | $ | 9,272,214 |
The below table presents the fair value measurements of the Company’s debt obligations as of the following periods:
|  | As of June 30, 2026 |  | As of December 31, 2025
Level 1 |  | $ | — |  |  | $ | — |
Level 2 |  | 5,268,750 |  |  | 4,967,188 |
Level 3 |  | 2,636,679 |  |  | 4,305,026 |
Total Debt |  | $ | 7,905,429 |  |  | $ | 9,272,214 |

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