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Investments
 9 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
The composition of the Company’s investment portfolio as of September 30, 2022 and December 31, 2021 at amortized cost and fair value was as follows:
September 30, 2022December 31, 2021
Cost(1)Fair
Value		Percentage of
Investment
Portfolio		Cost(1)Fair
Value		Percentage of
Investment
Portfolio
Senior secured first lien debt$1,690,919 $1,616,352 89.8 %$1,564,891 $1,526,989 91.6 %
Senior secured second lien debt40,988 38,716 2.2 %55,455 38,583 2.3 %
Collateralized securities and structured products - equity2,733 1,366 0.1 %3,885 2,998 0.2 %
Unsecured debt28,738 28,319 1.6 %26,777 26,616 1.6 %
Equity78,795 112,491 6.3 %53,379 70,936 4.3 %
Subtotal/total percentage1,842,173 1,797,244 100.0 %1,704,387 1,666,122 100.0 %
Short term investments(2)9,804 9,804 87,917 87,917 
Total investments$1,851,977 $1,807,048 $1,792,304 $1,754,039 
(1)Cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, for debt investments and cost for equity investments.
(2)Short term investments represent an investment in a fund that invests in highly liquid investments with average original maturity dates of three months or less.
The following tables show the composition of the Company’s investment portfolio by industry classification and geographic dispersion, and the percentage, by fair value, of the total investment portfolio assets in such industries and geographies as of September 30, 2022 and December 31, 2021:
September 30, 2022December 31, 2021
Industry ClassificationInvestments at
Fair Value		Percentage of
Investment Portfolio		Investments at
Fair Value		Percentage of
Investment Portfolio
Services: Business$354,725 19.7 %$240,316 14.4 %
Healthcare & Pharmaceuticals279,102 15.5 %250,049 15.0 %
Media: Diversified & Production159,236 8.9 %139,399 8.4 %
Services: Consumer117,340 6.5 %119,365 7.2 %
Diversified Financials106,426 5.9 %101,032 6.1 %
High Tech Industries81,364 4.5 %65,544 3.9 %
Media: Advertising, Printing & Publishing78,855 4.4 %94,610 5.7 %
Chemicals, Plastics & Rubber66,927 3.7 %109,860 6.6 %
Retail64,919 3.6 %56,726 3.4 %
Energy: Oil & Gas62,688 3.5 %32,164 1.9 %
Consumer Goods: Durable61,165 3.4 %58,124 3.5 %
Hotel, Gaming & Leisure53,065 3.0 %50,855 3.0 %
Beverage, Food & Tobacco49,641 2.8 %49,054 2.9 %
Construction & Building42,060 2.3 %27,585 1.7 %
Capital Equipment41,183 2.3 %82,795 5.0 %
Banking, Finance, Insurance & Real Estate39,631 2.2 %40,634 2.4 %
Aerospace & Defense38,683 2.2 %38,279 2.3 %
Consumer Goods: Non-Durable35,647 2.0 %45,682 2.7 %
Telecommunications18,842 1.0 %24,649 1.5 %
Automotive17,259 1.0 %14,367 0.9 %
Metals & Mining16,202 0.9 %10,927 0.7 %
Transportation: Cargo12,284 0.7 %14,106 0.8 %
Subtotal/total percentage1,797,244 100.0 %1,666,122 100.0 %
Short term investments9,804 87,917 
Total investments$1,807,048 $1,754,039 
September 30, 2022December 31, 2021
Geographic Dispersion(1)Investments at
Fair Value		Percentage of
Investment Portfolio		Investments at
Fair Value		Percentage of
Investment Portfolio
United States$1,787,828 99.5 %$1,653,615 99.3 %
Canada7,414 0.4 %8,739 0.5 %
Cayman Islands1,366 0.1 %2,998 0.2 %
Bermuda636 — 770 — 
Subtotal/total percentage1,797,244 100.0 %1,666,122 100.0 %
Short term investments9,804 87,917 
Total investments$1,807,048 $1,754,039 
(1)The geographic dispersion is determined by the portfolio company's country of domicile.
As of September 30, 2022 and December 31, 2021, investments on non-accrual status represented 0.4% and 0.7%, respectively, of the Company's investment portfolio on a fair value basis.
The Company’s investment portfolio may contain senior secured investments that are in the form of lines of credit, delayed draw term loans, revolving credit facilities, or unfunded commitments, which may require the Company to provide funding when requested in accordance with the terms of the underlying agreements. As of September 30, 2022 and December 31, 2021, the Company’s unfunded commitments amounted to $83,853 and $107,247, respectively. As of November 3, 2022, the Company’s unfunded commitments amounted to $80,966. Since these commitments may expire without being drawn upon, unfunded commitments do not necessarily represent future cash requirements or future earning assets for the Company.  Refer to Note 11 for further details on the Company’s unfunded commitments.