XML 72 R60.htm IDEA: XBRL DOCUMENT v3.23.2
Fair Value of Financial Instruments - Changes in Level 3 Portfolio Investments Rollforward (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Gain (Loss), Investment and Derivative, Operating, and Foreign Currency Transaction, after Tax Gain (Loss), Investment and Derivative, Operating, and Foreign Currency Transaction, after Tax Gain (Loss), Investment and Derivative, Operating, and Foreign Currency Transaction, after Tax Gain (Loss), Investment and Derivative, Operating, and Foreign Currency Transaction, after Tax
Total        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 1,629,058 $ 1,706,556 $ 1,716,054 $ 1,632,922
Investments purchased 111,557 179,201 188,242 322,741
Accretion of discount 2,601 2,478 6,943 4,974
Sales and principal repayments (87,971) (109,553) (200,231) (170,585)
Ending balance 1,660,246 1,760,395 1,660,246 1,760,395
Change in net unrealized appreciation (depreciation) on investments 6,732 (21,338) (31,031) (31,058)
Total | Debt and Equity Securities, Realized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings (18,928) 180 (23,453) 111
Total | Debt and Equity Securities, Unrealized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings 23,929 (18,467) (27,309) (29,768)
Senior Secured First Lien Debt        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1,472,453 1,597,364 1,579,512 1,526,989
Investments purchased 77,961 175,707 118,713 317,499
Accretion of discount 2,541 2,131 6,810 4,535
Sales and principal repayments (87,870) (93,196) (200,045) (154,038)
Ending balance 1,468,630 1,660,828 1,468,630 1,660,828
Change in net unrealized appreciation (depreciation) on investments 5,280 (21,519) (22,169) (34,992)
Senior Secured First Lien Debt | Debt and Equity Securities, Realized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings (13,163) (34) (17,674) (107)
Senior Secured First Lien Debt | Debt and Equity Securities, Unrealized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings 16,708 (21,144) (18,686) (34,050)
Senior Secured Second Lien Debt        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 38,997 36,875 38,769 38,583
Investments purchased 0 1,836 0 1,836
Accretion of discount 56 344 125 432
Sales and principal repayments (5) (15,000) (9) (15,000)
Ending balance 39,544 27,086 39,544 27,086
Change in net unrealized appreciation (depreciation) on investments 496 525 659 873
Senior Secured Second Lien Debt | Debt and Equity Securities, Realized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings 0 10 0 14
Senior Secured Second Lien Debt | Debt and Equity Securities, Unrealized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings 496 3,021 659 1,221
Collateralized securities and structured products - equity        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1,133 2,632 1,179 2,998
Investments purchased 0 0 0 0
Accretion of discount 0 0 0 0
Sales and principal repayments (96) (854) (177) (1,044)
Ending balance 1,046 1,602 1,046 1,602
Change in net unrealized appreciation (depreciation) on investments 9 (176) 44 (352)
Collateralized securities and structured products - equity | Debt and Equity Securities, Realized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings 0 0 0 0
Collateralized securities and structured products - equity | Debt and Equity Securities, Unrealized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings 9 (176) 44 (352)
Unsecured debt        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 15,517 27,280 22,643 26,616
Investments purchased 4,200 650 4,200 1,273
Accretion of discount 4 3 8 7
Sales and principal repayments 0 0 0 0
Ending balance 17,301 27,994 17,301 27,994
Change in net unrealized appreciation (depreciation) on investments (2,420) 61 (9,550) 98
Unsecured debt | Debt and Equity Securities, Realized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings 0 0   0
Unsecured debt | Debt and Equity Securities, Unrealized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings (2,420) 61 (9,550) 98
Equity        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 100,958 42,405 73,951 37,736
Investments purchased 29,396 1,008 65,329 2,133
Accretion of discount 0 0 0 0
Sales and principal repayments 0 (503) 0 (503)
Ending balance 133,725 42,885 133,725 42,885
Change in net unrealized appreciation (depreciation) on investments 3,367 (229) (15) 3,315
Equity | Debt and Equity Securities, Realized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings (5,765) 204 (5,779) 204
Equity | Debt and Equity Securities, Unrealized Gain (Loss)        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Total gains or losses included in earnings $ 9,136 $ (229) $ 224 $ 3,315