XML 72 R46.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Fair Value - Level III Rollforward (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance $ 2,938,849 $ 3,136,291
Purchases, including capitalized PIK and revolver fundings 227,711 130,933
Proceeds from sales and paydowns of investments (170,754) (90,638)
Transfers into Level III 28,440  
Ending balance 3,015,453 3,184,377
Net change in 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: (12,429) (6,956)
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 (11,890) 708
Total | Net change in unrealized appreciation (depreciation) of investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings 3,097 7,083
First lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 1,637,889 1,753,967
Purchases, including capitalized PIK and revolver fundings 172,750 117,905
Proceeds from sales and paydowns of investments (111,778) (71,263)
Transfers into Level III 28,440  
Ending balance 1,731,416 1,798,746
Net change in 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: 3,813 (2,055)
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 (11,859) (13,956)
First lien | Net change in unrealized appreciation (depreciation) of investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings 15,974 12,093
Second lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 406,180 480,068
Purchases, including capitalized PIK and revolver fundings 43,125 945
Proceeds from sales and paydowns of investments (58,964) 0
Transfers into Level III 0  
Ending balance 395,898 480,398
Net change in 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: 2,216 4,096
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 0 (4,711)
Second lien | Net change in unrealized appreciation (depreciation) of investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings 5,557 4,096
Subordinated    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 82,871 72,842
Purchases, including capitalized PIK and revolver fundings 2,733 1,769
Proceeds from sales and paydowns of investments 0 0
Transfers into Level III 0  
Ending balance 85,343 74,348
Net change in 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: (261) (156)
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) of investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings (261) (263)
Equity and other    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 811,909 829,414
Purchases, including capitalized PIK and revolver fundings 9,103 10,314
Proceeds from sales and paydowns of investments (12) (19,375)
Transfers into Level III 0  
Ending balance 802,796 830,885
Net change in 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: (18,197) (8,841)
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 (31) 19,375
Equity and other | Net change in unrealized appreciation (depreciation) of investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Total gains or losses included in earnings $ (18,173) $ (8,843)