XML 52 R41.htm IDEA: XBRL DOCUMENT v3.24.1.u1
INVESTMENTS - Schedule of Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value beginning of period $ 2,237,531 $ 2,127,521
New investments 141,053 143,714
Investment restructuring (22,249)  
Transfers into (out of) Level 3, net (7,425) (9,898)
Proceeds from sales of investments (187) (4,526)
Loan origination fees received (2,519) (2,420)
Principal repayments received (89,648) (37,428)
Fair value end of period 2,266,459 2,232,251
Payment-in-kind interest/dividends    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 4,346 $ 3,619
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total payment-in-kind interest income Total payment-in-kind interest income
Accretion of loan premium/discount    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 161 $ 173
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Accretion of deferred loan origination revenue    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 2,399 $ 1,948
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ (12,641) $ 684
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net realized gains (losses) on investments Net realized gains (losses) on investments
Unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 15,638 $ 8,864
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net unrealized appreciation (depreciation) on investments Net unrealized appreciation (depreciation) on investments
Senior debt and 1st lien notes    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value beginning of period $ 1,593,797 $ 1,591,356
New investments 117,843 86,805
Investment restructuring (22,249)  
Transfers into (out of) Level 3, net (2,596) (9,898)
Proceeds from sales of investments (187) (326)
Loan origination fees received (2,238) (2,397)
Principal repayments received (78,200) (25,486)
Fair value end of period 1,595,417 1,650,361
Senior debt and 1st lien notes | Payment-in-kind interest/dividends    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 921 $ 1,170
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total payment-in-kind interest income Total payment-in-kind interest income
Senior debt and 1st lien notes | Accretion of loan premium/discount    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 134 $ 132
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Senior debt and 1st lien notes | Accretion of deferred loan origination revenue    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 2,266 $ 1,787
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Senior debt and 1st lien notes | Realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ (7,528) $ (274)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net realized gains (losses) on investments Net realized gains (losses) on investments
Senior debt and 1st lien notes | Unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ (6,546) $ 7,492
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net unrealized appreciation (depreciation) on investments Net unrealized appreciation (depreciation) on investments
Subordinated debt and 2nd lien notes    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value beginning of period $ 223,798 $ 234,214
New investments 18,330 769
Investment restructuring 0  
Transfers into (out of) Level 3, net 0 0
Proceeds from sales of investments 0 0
Loan origination fees received (281) (23)
Principal repayments received (11,091) (11,575)
Fair value end of period 232,208 225,734
Subordinated debt and 2nd lien notes | Payment-in-kind interest/dividends    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 1,363 $ 2,449
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total payment-in-kind interest income Total payment-in-kind interest income
Subordinated debt and 2nd lien notes | Accretion of loan premium/discount    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 27 $ 41
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Subordinated debt and 2nd lien notes | Accretion of deferred loan origination revenue    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 133 $ 161
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Subordinated debt and 2nd lien notes | Realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ (5,107) $ 5
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net realized gains (losses) on investments Net realized gains (losses) on investments
Subordinated debt and 2nd lien notes | Unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 5,036 $ (307)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net unrealized appreciation (depreciation) on investments Net unrealized appreciation (depreciation) on investments
Structured products    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value beginning of period $ 42,972 $ 17,827
New investments 49 9,382
Investment restructuring 0  
Transfers into (out of) Level 3, net 0 0
Proceeds from sales of investments 0 0
Loan origination fees received 0 0
Principal repayments received (357) (367)
Fair value end of period 45,209 26,116
Structured products | Payment-in-kind interest/dividends    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total payment-in-kind interest income Total payment-in-kind interest income
Structured products | Accretion of loan premium/discount    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Structured products | Accretion of deferred loan origination revenue    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Structured products | Realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ (6) $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net realized gains (losses) on investments Net realized gains (losses) on investments
Structured products | Unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 2,551 $ (726)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net unrealized appreciation (depreciation) on investments Net unrealized appreciation (depreciation) on investments
Equity shares    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value beginning of period $ 374,572 $ 283,067
New investments 4,831 46,758
Investment restructuring 0  
Transfers into (out of) Level 3, net (4,829) 0
Proceeds from sales of investments 0 (4,200)
Loan origination fees received 0 0
Principal repayments received 0 0
Fair value end of period 391,116 328,984
Equity shares | Payment-in-kind interest/dividends    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 2,062 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total payment-in-kind interest income Total payment-in-kind interest income
Equity shares | Accretion of loan premium/discount    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Equity shares | Accretion of deferred loan origination revenue    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Equity shares | Realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 953
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net realized gains (losses) on investments Net realized gains (losses) on investments
Equity shares | Unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 14,480 $ 2,406
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net unrealized appreciation (depreciation) on investments Net unrealized appreciation (depreciation) on investments
Equity warrants    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value beginning of period $ 2,392 $ 1,057
New investments 0 0
Investment restructuring 0  
Transfers into (out of) Level 3, net 0 0
Proceeds from sales of investments 0 0
Loan origination fees received 0 0
Principal repayments received 0 0
Fair value end of period 2,509 1,056
Equity warrants | Payment-in-kind interest/dividends    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Total payment-in-kind interest income Total payment-in-kind interest income
Equity warrants | Accretion of loan premium/discount    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Equity warrants | Accretion of deferred loan origination revenue    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Interest and other financing fees Interest and other financing fees
Equity warrants | Realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 0 $ 0
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net realized gains (losses) on investments Net realized gains (losses) on investments
Equity warrants | Unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value recurring basis gain (losses) $ 117 $ (1)
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net unrealized appreciation (depreciation) on investments Net unrealized appreciation (depreciation) on investments