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Investment Portfolio (Tables)
 12 Months Ended
Dec. 31, 2025
Investment Company [Abstract]  
Summary of Investments
The following table summarizes the composition of the Company’s investment portfolio at cost and fair value as of December 31, 2025 and 2024:
December 31, 2025December 31, 2024
 
Amortized
Cost(1)
Fair ValuePercentage
of Portfolio
Amortized
Cost(1)
Fair ValuePercentage
of Portfolio
Senior Secured Loans—First Lien$7,819 $7,523 57.8 %$7,995 $7,795 57.8 %
Senior Secured Loans—Second Lien598 539 4.2 %690 693 5.1 %
Other Senior Secured Debt65 55 0.4 %130 123 0.9 %
Subordinated Debt122 126 1.0 %214 233 1.7 %
Asset Based Finance1,831 1,694 13.0 %2,232 2,102 15.6 %
Credit Opportunities Partners JV, LLC2,202 1,968 15.1 %1,572 1,363 10.1 %
Equity/Other1,104 1,104 8.5 %1,211 1,181 8.8 %
Total$13,741 $13,009 100.0 %$14,044 $13,490 100.0 %
________________
(1)Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts and PIK interest or dividends, as applicable, on investments.
The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of December 31, 2025 and 2024:
December 31, 2025December 31, 2024
Industry ClassificationFair
Value		Percentage  of
Portfolio		Fair
Value		Percentage  of
Portfolio
Automobiles & Components$— — $4 0.0 %
Banks— — 5 0.0 %
Capital Goods1,542 11.9 %1,712 12.7 %
Commercial & Professional Services1,726 13.3 %1,733 12.8 %
Consumer Discretionary Distribution & Retail60 0.5 %174 1.3 %
Consumer Durables & Apparel306 2.4 %229 1.7 %
Consumer Services263 2.0 %244 1.8 %
Consumer Staples Distribution & Retail99 0.8 %102 0.8 %
Credit Opportunities Partners JV, LLC1,968 15.1 %1,363 10.1 %
Energy24 0.2 %89 0.7 %
Equity Real Estate Investment Trusts (REITs)264 2.0 %278 2.1 %
Financial Services836 6.4 %998 7.4 %
Food, Beverage & Tobacco56 0.4 %113 0.8 %
Health Care Equipment & Services1,668 12.8 %1,667 12.4 %
Household & Personal Products112 0.9 %134 1.0 %
Insurance547 4.2 %735 5.4 %
Materials276 2.1 %334 2.5 %
Media & Entertainment508 3.9 %699 5.2 %
Pharmaceuticals, Biotechnology & Life Sciences217 1.7 %298 2.2 %
Real Estate Management & Development1 0.0 %27 0.2 %
Software & Services2,134 16.4 %2,187 16.2 %
Technology Hardware & Equipment2 0.0 %2 0.0 %
Telecommunication Services109 0.8 %69 0.5 %
Transportation291 2.2 %294 2.2 %
Total $13,009 100.0 %$13,490 100.0 %
Summary of Nonconsolidated Subsidiary Portfolio
Below is selected balance sheet information for COPJV as of December 31, 2025 and 2024:
As of
December 31, 2025December 31, 2024
Selected Balance Sheet Information
Total investments, at fair value$5,058.0 $3,295.5 
Cash and other assets196.6 363.8 
Total assets5,254.6 3,659.3 
Debt2,764.9 1,828.6 
Other liabilities240.6 272.6 
Total liabilities3,005.5 2,101.2 
Member’s equity
$2,249.1 $1,558.1 
Below is selected statement of operations information for COPJV for the years ended December 31, 2025 and 2024:
For the Year Ended
December 31, 2025December 31, 2024
Selected Statement of Operation Information
Total investment income$400.0 $349.2 
Expenses
Interest expense133.6 120.9 
Custodian and accounting fees1.5 1.6 
Administrative services11.1 9.3 
Professional services0.7 0.6 
Other2.6 1.0 
Total expenses149.5 133.4 
Net investment income250.5 215.8 
Net realized and unrealized losses(26.7)(22.1)
Net increase in net assets resulting from operations$223.8 $193.7