Investments (Tables)

3 Months Ended

Mar. 31, 2024

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 industry composition of investments at fair value was as follows:


	March 31, 2024		December 31, 2023
Aerospace & Defense	4.9	%	5.2	%
Air Freight & Logistics	4.0		4.2
Building Products	3.0		3.2

Chemicals	0.1		0.1
Commercial Services & Supplies	7.5		7.8

Construction & Engineering	0.5		0.5
Containers & Packaging	0.2		0.2
Distributors	4.9		5.7
Diversified Consumer Services	4.2		3.9
Diversified Financial Services	1.3		1.4
Diversified Telecommunication Services	1.3		1.4
Electrical Equipment	0.5		1.1
Electronic Equipment, Instruments & Components	1.2		1.3
Electric Utilities	0.6		0.6
Energy Equipment & Services	0.3		0.4
Ground Transportation	0.2		0.2
Health Care Equipment & Supplies	0.8		0.6
Health Care Providers & Services	10.6		10.7
Health Care Technology	5.3		5.1

Industrial Conglomerates	0.1		0.1
Insurance	5.1		5.4

Internet & Direct Marketing Retail	3.0		3.2
IT Services	3.9		2.9

Machinery (1)	0.0		0.0
Marine	0.2		0.3
Media	0.1		0.1
Oil, Gas & Consumable Fuels	1.0		1.0
Paper & Forest Products	0.1		0.1

Pharmaceuticals	0.2		0.2
Professional Services	9.0		7.8
Real Estate Management & Development	0.9		0.9

Software	17.5		17.4
Specialty Retail	1.6		1.7
Technology Hardware, Storage & Peripherals	0.8		0.8
Trading Companies & Distributors	1.2		0.5
Transportation Infrastructure	3.9		4.0
Total	100.0	%	100.0	%

(1)Amount rounds to less than 0.1% as of March 31, 2024 and December 31, 2023.

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	%