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v3.25.1

Fair Value - Unobservable Inputs (Details) $ in Thousands | Mar. 31, 2025 USD ($) | Dec. 31, 2024 USD ($)
--- | --- | ---
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 3,034,211 | $ 3,091,024
Level III |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | 2,956,224 | 2,987,078
Level III | First lien | Market & income approach |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 1,885,015 | $ 1,884,611
Level III | First lien | Market & income approach | EBITDA multiple | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 6.5 | 6.0
Level III | First lien | Market & income approach | EBITDA multiple | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 33.0 | 35.0
Level III | First lien | Market & income approach | EBITDA multiple | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 14.2 | 14.8
Level III | First lien | Market & income approach | Revenue multiple | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 4.0 | 3.0
Level III | First lien | Market & income approach | Revenue multiple | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 18.5 | 19.5
Level III | First lien | Market & income approach | Revenue multiple | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 9.2 | 6.9
Level III | First lien | Market & income approach | Discount rate | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.063 | 0.068
Level III | First lien | Market & income approach | Discount rate | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.219 | 0.221
Level III | First lien | Market & income approach | Discount rate | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.093 | 0.098
Level III | First lien | Other |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 44,630 | $ 17,999
Level III | Second lien | Market & income approach |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 125,004 | $ 144,003
Level III | Second lien | Market & income approach | EBITDA multiple | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 8.0 | 7.0
Level III | Second lien | Market & income approach | EBITDA multiple | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 20.0 | 20.0
Level III | Second lien | Market & income approach | EBITDA multiple | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 17.3 | 15.2
Level III | Second lien | Market & income approach | Discount rate | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.095 | 0.101
Level III | Second lien | Market & income approach | Discount rate | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.133 | 0.206
Level III | Second lien | Market & income approach | Discount rate | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.099 | 0.122
Level III | Second lien | Other |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value |  | $ 6,331
Level III | Subordinated | Market & income approach |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 104,948 | $ 102,034
Level III | Subordinated | Market & income approach | EBITDA multiple | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 8.0 | 8.0
Level III | Subordinated | Market & income approach | EBITDA multiple | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 24.5 | 21.0
Level III | Subordinated | Market & income approach | EBITDA multiple | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 15.7 | 15.4
Level III | Subordinated | Market & income approach | Discount rate | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.126 | 0.125
Level III | Subordinated | Market & income approach | Discount rate | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.276 | 0.259
Level III | Subordinated | Market & income approach | Discount rate | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.176 | 0.168
Level III | Structured Finance Obligations | Income Approach |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 3,232 |
Level III | Structured Finance Obligations | Income Approach | Discount rate | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.114 |
Level III | Structured Finance Obligations | Income Approach | Discount rate | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.114 |
Level III | Structured Finance Obligations | Income Approach | Discount rate | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.114 |
Level III | Equity and other | Market & income approach |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 399,105 | $ 422,851
Level III | Equity and other | Market & income approach | EBITDA multiple | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 6.0 | 5.5
Level III | Equity and other | Market & income approach | EBITDA multiple | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 23.0 | 26.5
Level III | Equity and other | Market & income approach | EBITDA multiple | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 11.7 | 12.8
Level III | Equity and other | Market & income approach | Revenue multiple | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 5.0 | 9.0
Level III | Equity and other | Market & income approach | Revenue multiple | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 20.0 | 19.5
Level III | Equity and other | Market & income approach | Revenue multiple | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 6.7 | 14.1
Level III | Equity and other | Market & income approach | Discount rate | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.086 | 0.082
Level III | Equity and other | Market & income approach | Discount rate | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.326 | 0.446
Level III | Equity and other | Market & income approach | Discount rate | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.090 | 0.089
Level III | Equity and other | Other |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 7,369 | $ 22,055
Level III | Equity and other | Income Approach |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Fair Value | $ 386,921 | $ 387,194
Level III | Equity and other | Income Approach | Discount rate | Low |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.065 | 0.064
Level III | Equity and other | Income Approach | Discount rate | High |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.130 | 0.122
Level III | Equity and other | Income Approach | Discount rate | Weighted Average |  |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |  |
Measurement input | 0.100 | 0.099

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