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Investments | 3 Months Ended
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Mar. 31, 2024
Schedule of Investments [Abstract] |
Investments | Investments The composition of the Company’s investment portfolio at cost and fair value was as follows:
| March 31, 2024 |  | December 31, 2023
| Cost |  | Fair Value |  | % of Total Investments at Fair Value |  | Cost |  | Fair Value |  | % of Total Investments at Fair Value
First lien debt | $ | 10,375,810 |  |  | $ | 10,287,119 |  |  | 98.5 | % |  | $ | 9,817,402 |  |  | $ | 9,722,061 |  |  | 98.5 | %
Second lien debt | 43,551 |  |  | 41,515 |  |  | 0.4 |  |  | 43,347 |  |  | 41,515 |  |  | 0.4 |
Unsecured debt | 11,724 |  |  | 11,859 |  |  | 0.1 |  |  | 9,930 |  |  | 9,924 |  |  | 0.1 |
Equity | 65,668 |  |  | 98,680 |  |  | 1.0 |  |  | 63,480 |  |  | 94,940 |  |  | 1.0 |
Total | $ | 10,496,753 |  |  | $ | 10,439,173 |  |  | 100.0 | % |  | $ | 9,934,159 |  |  | $ | 9,868,440 |  |  | 100.0 | %
The geographic composition of investments at cost and fair value was as follows:
| March 31, 2024
| Cost |  | Fair Value |  | % of Total Investments at Fair Value |  | Fair Value as % of Net Assets
United States | $ | 9,820,598 |  |  | $ | 9,774,947 |  |  | 93.7 | % |  | 189.6 | %
Canada | 274,055 |  |  | 275,335 |  |  | 2.6 |  |  | 5.3 |
Bermuda/Cayman Islands | 436 |  |  | 511 |  |  | 0.0 |  |  | 0.0 |
Europe | 401,025 |  |  | 387,751 |  |  | 3.7 |  |  | 7.5 |
Asia | 639 |  |  | 629 |  |  | 0.0 |  |  | 0.0 |
Total | $ | 10,496,753 |  |  | $ | 10,439,173 |  |  | 100.0 | % |  | 202.4 | %
| December 31, 2023
| Cost |  | Fair Value |  | % of Total Investments at Fair Value |  | Fair Value as % of Net Assets
United States | $ | 9,381,707 |  |  | $ | 9,317,684 |  |  | 94.4 | % |  | 188.2 | %
Canada | 275,579 |  |  | 278,103 |  |  | 2.8 |  |  | 5.6 |
Bermuda/Cayman Islands | 436 |  |  | 473 |  |  | 0.0 |  |  | 0.0 |
Europe | 276,437 |  |  | 272,180 |  |  | 2.8 |  |  | 5.5 |
Total | $ | 9,934,159 |  |  | $ | 9,868,440 |  |  | 100.0 | % |  | 199.3 | %
As of March 31, 2024 and December 31, 2023, one borrower (across two loans) and one borrower (one loan) in the portfolio were on non-accrual status. As of March 31, 2024 and December 31, 2023, on a fair value basis, 99.8% and 99.9%, respectively, of our performing debt investments bore interest at a floating rate and 0.2% and 0.1%, respectively, of our performing debt investments bore interest at a fixed rate.

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