XML 30 R12.htm IDEA: XBRL DOCUMENT
v3.25.0.1

INVESTMENTS | 12 Months Ended
--- | ---
Dec. 31, 2024
Schedule of Investments [Abstract] |
INVESTMENTS | INVESTMENTS The composition of the Company’s investment portfolio at cost and fair value was as follows:
|  | December 31, 2024 |  | December 31, 2023(1)
|  | Cost |  | Fair Value |  | % of Total Investments at Fair Value |  | Cost |  | Fair Value |  | % of Total Investments at Fair Value
First Lien Debt |  | $ | 3,669,886 |  |  | $ | 3,654,538 |  |  | 96.5 | % |  | $ | 3,027,413 |  |  | $ | 3,004,544 |  |  | 94.1 | %
Second Lien Debt |  | 78,803 |  |  | 69,367 |  |  | 1.8 |  |  | 146,014 |  |  | 132,415 |  |  | 4.1 |
Other Debt Investments |  | 9,755 |  |  | 9,198 |  |  | 0.2 |  |  | 3,410 |  |  | 2,064 |  |  | 0.1 |
Equity |  | 54,683 |  |  | 58,391 |  |  | 1.5 |  |  | 49,939 |  |  | 54,538 |  |  | 1.7 |
Total |  | $ | 3,813,127 |  |  | $ | 3,791,494 |  |  | 100.0 | % |  | $ | 3,226,776 |  |  | $ | 3,193,561 |  |  | 100.0 | %
(1) The Company reclassified certain investment composition groupings by breaking out Other Securities into Other Debt Investments and Equity. These reclassifications had no impact on the Consolidated Statements of Assets and Liabilities as of December 31, 2023. The industry composition of investments at fair value was as follows:
|  | December 31, 2024 |  | December 31, 2023 |
Aerospace & Defense |  | 2.2 |  | % | 2.2 |  | %
Air Freight & Logistics |  | 0.3 |  |  | 1.1 |  |
Automobile Components |  | 3.0 |  |  | 3.5 |  |
Automobiles |  | 3.6 |  |  | 4.7 |  |
Biotechnology |  | 0.7 |  |  | 0.5 |  |
Building Products |  | 0.4 |  |  | — |  |
Chemicals |  | 0.5 |  |  | 0.6 |  |
Commercial Services & Supplies |  | 9.1 |  |  | 9.6 |  |
Construction & Engineering |  | 2.0 |  |  | 1.5 |  |
Consumer Staples Distribution & Retail |  | 0.7 |  |  | — |  |
Containers & Packaging |  | 1.2 |  |  | 1.4 |  |
Distributors |  | 2.3 |  |  | 2.9 |  |
Diversified Consumer Services |  | 4.7 |  |  | 2.5 |  |
Electrical Equipment |  | 0.1 |  |  | — |  |
Electronic Equipment, Instruments & Components |  | 2.1 |  |  | 2.1 |  |
Energy Equipment & Services |  | — |  |  | 0.5 |  |
Financial Services |  | 2.5 |  |  | 1.9 |  |
Food Products |  | 2.0 |  |  | 2.3 |  |
Ground Transportation |  | 0.6 |  |  | — |  |
Health Care Equipment & Supplies |  | 0.6 |  |  | 0.7 |  |
Health Care Providers & Services |  | 5.0 |  |  | 4.6 |  |
Health Care Technology |  | 1.6 |  |  | 1.9 |  |
Industrial Conglomerates |  | 1.2 |  |  | 1.3 |  |
Insurance Services |  | 12.0 |  |  | 14.9 |  |
Interactive Media & Services |  | 2.6 |  |  | 3.2 |  |
IT Services |  | 8.9 |  |  | 8.7 |  |
Leisure Products |  | — |  |  | 0.7 |  |
Life Sciences Tools & Services |  | 0.3 |  |  | — |  |
Machinery |  | 0.9 |  |  | 2.1 |  |
Multi-Utilities |  | 0.6 |  |  | 0.7 |  |
Pharmaceuticals |  | 0.3 |  |  | 0.4 |  |
Professional Services |  | 5.4 |  |  | 3.8 |  |
Real Estate Management & Development |  | 3.6 |  |  | 5.3 |  |
Software |  | 18.9 |  |  | 14.2 |  |
Wireless Telecommunication Services |  | 0.1 |  |  | 0.2 |  |
Total |  | 100.0 |  | % | 100.0 |  | %
The geographic composition of investments at cost and fair value was as follows:
|  | December 31, 2024 |  | December 31, 2023
|  | Cost |  | Fair Value |  | % of Total Investments at Fair Value |  | Cost |  | Fair Value |  | % of Total Investments at Fair Value
Australia |  | $ | 8,798 |  |  | $ | 8,970 |  |  | 0.2 | % |  | $ | 16,985 |  |  | $ | 17,048 |  |  | 0.5 | %
Canada |  | 153,734 |  |  | 154,953 |  |  | 4.1 |  |  | 98,674 |  |  | 98,387 |  |  | 3.1 |
United Kingdom |  | 12,411 |  |  | 12,196 |  |  | 0.3 |  |  | 12,398 |  |  | 12,629 |  |  | 0.4 |
United States |  | 3,638,184 |  |  | 3,615,375 |  |  | 95.4 |  |  | 3,098,719 |  |  | 3,065,497 |  |  | 96.0 |
Total |  | $ | 3,813,127 |  |  | $ | 3,791,494 |  |  | 100.0 | % |  | $ | 3,226,776 |  |  | $ | 3,193,561 |  |  | 100.0 | %

X
- Definition The entire disclosure for investments owned by investment company. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 210 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478795/946-210-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/946-320/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12(Column A)(Footnote 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-12(Column C)(Footnote 8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-12B(Column C)(Footnote 11)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column F)(Footnote 5)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-12B(Column A)(Footnote 8)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-3 + Details
Name: | us-gaap_InvestmentHoldingsScheduleOfInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ScheduleOfInvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration