XML 73 R60.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value of Financial Instruments - Schedule of Changes in Level 3 Portfolio Investments Rollforward (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Total        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 1,770,543 $ 1,719,718 $ 1,799,726 $ 1,814,161
Investments purchased 79,665 168,072 177,949 321,095
Accretion of discount 2,413 1,633 4,209 13,298
Sales and principal repayments (118,200) (86,861) (184,510) (325,525)
Net transfers in and/or (out) of Level 3 0   (956)  
Ending balance 1,743,513 1,803,700 1,743,513 1,803,700
Change in net unrealized depreciation appreciation on investments 20,533 11,220 (33,210) (2,432)
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 (32,376) (20,277) (30,082) (30,013)
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 41,468 21,415 (22,823) 10,684
Senior Secured First Lien Debt        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1,556,067 1,465,051 1,563,256 1,565,171
Investments purchased 74,971 147,863 165,408 275,973
Accretion of discount 2,406 961 4,198 12,534
Sales and principal repayments (113,585) (71,805) (179,895) (295,489)
Net transfers in and/or (out) of Level 3 0   0  
Ending balance 1,501,896 1,536,753 1,501,896 1,536,753
Change in net unrealized depreciation appreciation on investments (6,522) (167) (31,907) (3,988)
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 (32,376) (18,406) (29,551) (20,417)
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 14,413 13,089 (21,520) (1,019)
Senior Secured Second Lien Debt        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 2,593 28,460 2,680 29,111
Investments purchased 75 129 144 189
Accretion of discount 7 672 11 725
Sales and principal repayments 0 (12,504) 0 (13,985)
Net transfers in and/or (out) of Level 3 0   0  
Ending balance 1,011 15,050 1,011 15,050
Change in net unrealized depreciation appreciation on investments (1,664) (665) (1,824) (975)
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 0 0 (11,809)
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 (1,664) (1,707) (1,824) 10,819
Collateralized securities and structured products - equity        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 3,612 1,004 2,682 1,096
Investments purchased 0 0 979 0
Accretion of discount 0 0 0 0
Sales and principal repayments (512) (64) (512) (128)
Net transfers in and/or (out) of Level 3 0   0  
Ending balance 3,027 770 3,027 770
Change in net unrealized depreciation appreciation on investments (73) (170) (122) (186)
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 (1,210)
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 (73) (170) (122) 1,012
Unsecured debt        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 12,278 5,506 11,814 12,874
Investments purchased 43 33 87 1,454
Accretion of discount 0 0 0 39
Sales and principal repayments (4,103) 0 (4,103) (8,872)
Net transfers in and/or (out) of Level 3 0   0  
Ending balance 8,091 5,493 8,091 5,493
Change in net unrealized depreciation appreciation on investments (127) (46) 293 (96)
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 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 (127) (46) 293 (2)
Equity        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 195,993 219,697 219,294 205,909
Investments purchased 4,576 20,047 11,331 43,479
Accretion of discount 0 0 0 0
Sales and principal repayments 0 (2,488) 0 (7,051)
Net transfers in and/or (out) of Level 3 0   (956)  
Ending balance 229,488 245,634 229,488 245,634
Change in net unrealized depreciation appreciation on investments 28,919 12,268 350 2,813
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 (1,871) (531) 3,423
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 $ 28,919 $ 10,249 $ 350 $ (126)