XML 62 R54.htm IDEA: XBRL DOCUMENT

Investments

9 Months Ended

12 Months Ended

Sep. 30, 2023

Dec. 31, 2022

Schedule of Investments [Abstract]

(4) Investments

The composition of the Company’s investment portfolio at cost and fair value was as follows:


		September 30, 2023								December 31, 2022
								% of Total								% of Total
								Investments at								Investments at
		Cost			Fair Value			Fair Value		Cost			Fair Value			Fair Value
First Lien Debt		$	2,960,107		$	2,933,870		93.9	%	$	2,753,620		$	2,694,111		93.8	%
Second Lien Debt			145,809			134,712		4.3			136,620			128,350		4.5
Other Securities			52,685			54,868		1.8			49,406			51,127		1.7
Total		$	3,158,601		$	3,123,450		100.0	%	$	2,939,646		$	2,873,588		100.0	%

The industry composition of investments at fair value was as follows:


		September 30, 2023		December 31, 2022⁽¹⁾
Aerospace & Defense		1.7	%	1.8	%
Air Freight & Logistics		1.1		1.1
Automobile Components		3.6		3.8
Automobiles		4.9		5.1
Biotechnology		0.5		0.5
Chemicals		0.7		0.6
Commercial Services & Supplies		10.3		11.2
Construction & Engineering		1.5		1.3
Containers & Packaging		1.5		1.6
Distributors		2.8		4.2
Diversified Consumer Services		3.3		3.0
Electronic Equipment, Instruments & Components		1.5		1.0
Energy Equipment & Services		0.5		0.5
Financial Services		1.7		0.7
Food Products		2.3		2.5
Health Care Equipment & Supplies		0.4		0.3
Health Care Providers & Services		3.8		3.4
Health Care Technology		2.0		0.7
Industrial Conglomerates		1.3		0.2
Insurance Services		14.9		15.7
Interactive Media & Services		3.2		3.5
IT Services		8.8		9.6
Leisure Products		0.7		0.8
Machinery		2.7		3.0
Multi-Utilities		0.7		0.6
Oil, Gas & Consumable Fuels		—		0.0	⁽²⁾
Pharmaceuticals		0.4		0.4
Professional Services		3.6		3.2
Real Estate Management & Development		5.3		5.4
Software		14.3		14.3
Total		100.0	%	100.0	%

(1)

The Company reclassified certain industry groupings of its portfolio companies presented in the consolidated financial statements as of December 31, 2022 to align with the recently updated GICS, where applicable. These reclassifications had no impact on the Consolidated Statement of Assets and Liabilities as of December 31, 2022.

(2)	Amount rounds to 0.0%.

The geographic composition of investments at cost and fair value was as follows:


		September 30, 2023								December 31, 2022
								% of Total								% of Total
								Investments at								Investments at
		Cost			Fair Value			Fair Value		Cost			Fair Value			Fair Value
Australia		$	10,151		$	10,168		0.3	%	$	10,187		$	9,870		0.3	%
Canada			97,187			96,518		3.1			108,820			105,764		3.7
United Kingdom			11,848			12,088		0.4			11,157			11,157		0.4
United States			3,039,415			3,004,676		96.2			2,809,482			2,746,797		95.6
Total		$	3,158,601		$	3,123,450		100.0	%	$	2,939,646		$	2,873,588		100.0	%

As of September 30, 2023 and December 31, 2022, the Company had two and one investments, respectively, that were on non-accrual status. The amortized cost of investments on non-accrual status as of September 30, 2023 and December 31, 2022 was $8,848 and $1,500, respectively.

(4)

Investments

The composition of the Company’s investment portfolio at cost and fair value was as follows:


		December 31, 2022								December 31, 2021
								% of Total								% of Total
								Investments at								Investments at
		Cost			Fair Value			Fair Value		Cost			Fair Value			Fair Value
First Lien Debt		$	2,753,620		$	2,694,111		93.8	%	$	2,213,332		$	2,224,100		93.2	%
Second Lien Debt			136,620			128,350		4.5			120,124			121,550		5.1
Other Securities			49,406			51,127		1.7			39,979			41,724		1.7
Total		$	2,939,646		$	2,873,588		100.0	%	$	2,373,435		$	2,387,374		100.0	%

The industry composition of investments at fair value was as follows:


		December 31, 2022		December 31, 2021
Aerospace & Defense		1.8	%	1.7	%
Air Freight & Logistics		1.1		0.5
Auto Components		3.8		3.3
Automobiles		5.1		7.4
Biotechnology		0.5		0.6
Chemicals		0.6		—
Commercial Services & Supplies		11.2		13.0
Construction & Engineering		1.3		1.5
Containers & Packaging		1.6		1.6
Distributors		4.2		1.2
Diversified Consumer Services		3.0		1.5
Diversified Financial Services		0.7		0.1
Electronic Equipment, Instruments & Components		1.0		0.7
Energy Equipment & Services		0.5		0.6
Food Products		2.5		3.1
Health Care Equipment & Supplies		0.3		0.4
Health Care Providers & Services		3.4		2.9
Health Care Technology		0.7		0.9
Industrial Conglomerates		0.2		1.8
Insurance Services		15.7		17.1
Interactive Media & Services		3.5		3.8
IT Services		9.6		10.8
Leisure Products		0.8		2.4
Machinery		3.0		2.0
Multi-Utilities		0.6		0.4
Oil, Gas & Consumable Fuels		0.0	⁽¹⁾	—
Pharmaceuticals		0.4		—
Professional Services		3.2		4.0
Real Estate Management & Development		5.4		5.2
Software		14.3		11.5
Total		100.0	%	100.0	%

(1)	Amount rounds to 0.0%.

The geographic composition of investments at cost and fair value were as follows:


		December 31, 2022								December 31, 2021
								% of Total								% of Total
								Investments at								Investments at
		Cost			Fair Value			Fair Value		Cost			Fair Value			Fair Value
Australia		$	10,187		$	9,870		0.3	%	$	—		$	—		—	%
Canada			108,820			105,764		3.7			81,935			81,386		3.4
United Kingdom			11,157			11,157		0.4			17,804			18,200		0.8
United States			2,809,482			2,746,797		95.6			2,273,696			2,287,788		95.8
Total		$	2,939,646		$	2,873,588		100.0	%	$	2,373,435		$	2,387,374		100.0	%