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Investments
 12 Months Ended
Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
The composition of the Company’s investment portfolio as of December 31, 2023 and 2022 at amortized cost and fair value was as follows:
December 31, 2023December 31, 2022
Cost(1)Fair
Value		Percentage of
Investment
Portfolio		Cost(1)Fair
Value		Percentage of
Investment
Portfolio
Senior secured first lien debt$1,604,111 $1,565,171 85.0 %$1,638,995 $1,579,512 90.3 %
Senior secured second lien debt41,280 29,111 1.6 %41,036 38,769 2.2 %
Collateralized securities and structured products - equity2,362 1,096 0.1 %2,687 1,179 0.1 %
Unsecured debt31,693 12,874 0.7 %30,427 22,643 1.3 %
Equity182,738 232,572 12.6 %79,595 107,058 6.1 %
Subtotal/total percentage1,862,184 1,840,824 100.0 %1,792,740 1,749,161 100.0 %
Short term investments(2)113,446 113,446 10,869 10,869 
Total investments$1,975,630 $1,954,270 $1,803,609 $1,760,030 
(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 December 31, 2023 and 2022:
December 31, 2023December 31, 2022
Industry ClassificationInvestments at
Fair Value		Percentage of
Investment Portfolio		Investments at
Fair Value		Percentage of
Investment Portfolio
Services: Business$282,237 15.3 %$336,055 19.2 %
Healthcare & Pharmaceuticals238,624 13.0 %237,082 13.6 %
Media: Diversified & Production135,037 7.3 %134,927 7.7 %
Retail135,000 7.3 %74,718 4.3 %
Media: Advertising, Printing & Publishing116,100 6.3 %105,375 6.0 %
Services: Consumer107,195 5.8 %115,849 6.6 %
Energy: Oil & Gas104,893 5.7 %68,756 3.9 %
Construction & Building104,727 5.7 %46,007 2.6 %
Diversified Financials85,733 4.7 %99,819 5.7 %
Chemicals, Plastics & Rubber82,597 4.5 %66,753 3.8 %
Beverage, Food & Tobacco68,780 3.7 %45,396 2.6 %
Consumer Goods: Durable59,955 3.3 %60,735 3.5 %
Banking, Finance, Insurance & Real Estate52,272 2.8 %43,836 2.5 %
Hotel, Gaming & Leisure50,906 2.8 %46,739 2.7 %
Capital Equipment49,571 2.7 %41,580 2.4 %
Consumer Goods: Non-Durable42,381 2.3 %47,886 2.8 %
High Tech Industries22,671 1.2 %56,501 3.2 %
Containers, Packaging & Glass18,480 1.0 %19,551 1.1 %
Telecommunications17,768 1.0 %18,302 1.1 %
Environmental Industries15,336 0.8 %— — 
Metals & Mining13,957 0.8 %15,780 0.9 %
Automotive12,403 0.7 %16,255 0.9 %
Transportation: Cargo12,201 0.7 %12,417 0.7 %
Aerospace & Defense12,000 0.6 %38,842 2.2 %
Subtotal/total percentage1,840,824 100.0 %1,749,161 100.0 %
Short term investments113,446 10,869 
Total investments$1,954,270 $1,760,030 
December 31, 2023December 31, 2022
Geographic Dispersion(1)Investments at
Fair Value		Percentage of
Investment Portfolio		Investments at
Fair Value		Percentage of
Investment Portfolio
United States$1,812,416 98.4 %$1,739,866 99.5 %
Canada26,350 1.4 %7,452 0.4 %
Cayman Islands1,096 0.1 %1,179 0.1 %
Bermuda962 0.1 %664 — 
Subtotal/total percentage1,840,824 100.0 %1,749,161 100.0 %
Short term investments113,446 10,869 
Total investments$1,954,270 $1,760,030 
(1)The geographic dispersion is determined by the portfolio company's country of domicile.
As of December 31, 2023 and 2022, investments on non-accrual status represented 0.9% and 1.3%, 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 December 31, 2023 and 2022, the Company’s unfunded commitments amounted to $47,349 and $71,420, respectively. As of March 6, 2024, the Company’s unfunded commitments amounted to $53,048. 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.