XML 78 R49.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value - Level III Rollforward (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Total    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance $ 3,136,291 $ 2,843,456
Purchases, including capitalized PIK and revolver fundings 349,003 693,202
Proceeds from sales and paydowns of investments (582,011) (604,861)
Transfers into Level III 63,087 222,167
Transfers out of Level III (11,490)  
Ending balance 2,938,849 3,136,291
Unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: (34,144) (30,244)
Total | Net realized gains (losses) on investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings (33,048) 52,934
Total | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings 17,017 (70,607)
First lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 1,753,967 1,635,143
Purchases, including capitalized PIK and revolver fundings 302,949 621,319
Proceeds from sales and paydowns of investments (407,081) (493,579)
Transfers into Level III 0 12,083
Transfers out of Level III (11,490)  
Ending balance 1,637,889 1,753,967
Unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: 12,890 (36,175)
First lien | Net realized gains (losses) on investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings (41,767) 12,351
First lien | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings 41,311 (33,350)
Second lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 480,068 319,120
Purchases, including capitalized PIK and revolver fundings 4,484 9,187
Proceeds from sales and paydowns of investments (140,837) (15,948)
Transfers into Level III 63,087 210,084
Transfers out of Level III 0  
Ending balance 406,180 480,068
Unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: 1,625 (42,817)
Second lien | Net realized gains (losses) on investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings (24,627) 0
Second lien | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings 24,005 (42,375)
Subordinated    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 72,842 50,742
Purchases, including capitalized PIK and revolver fundings 10,141 26,418
Proceeds from sales and paydowns of investments 0 0
Transfers into Level III 0 0
Transfers out of Level III 0  
Ending balance 82,871 72,842
Unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: (4) (4,318)
Subordinated | Net realized gains (losses) on investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings 0 0
Subordinated | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings (112) (4,318)
Equity and other    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 829,414 838,451
Purchases, including capitalized PIK and revolver fundings 31,429 36,278
Proceeds from sales and paydowns of investments (34,093) (95,334)
Transfers into Level III 0 0
Transfers out of Level III 0  
Ending balance 811,909 829,414
Unrealized (depreciation) appreciation for the period relating to those Level III assets that were still held by the Company at the end of the period: (48,655) 53,066
Equity and other | Net realized gains (losses) on investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings 33,346 40,583
Equity and other | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings $ (48,187) $ 9,436