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Investments | 6 Months Ended
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Jun. 30, 2024
Investments [Abstract] |
Investments | Note 4. Investments The following table presents the composition of the Company’s investment portfolio at amortized cost and fair value as of June 30, 2024 and December 31, 2023:
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | Amortized |  |  | Fair |  |  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |  |  | Cost |  |  | Value |
First-lien senior secured debt |  | $ | 1,254,519,047 |  |  | $ | 1,226,934,913 |  |  | $ | 984,089,538 |  |  | $ | 952,100,626 |
Second-lien senior secured debt |  |  | 97,368,444 |  |  |  | 86,953,000 |  |  |  | 67,449,770 |  |  |  | 55,989,218 |
Corporate Bonds |  |  | 8,733,229 |  |  |  | 8,039,366 |  |  |  | 4,495,104 |  |  |  | 4,239,975 |
CLO Mezzanine |  |  | 33,359,737 |  |  |  | 33,427,672 |  |  |  | 14,859,567 |  |  |  | 13,764,620 |
CLO Equity |  |  | 16,297,133 |  |  |  | 11,901,468 |  |  |  | 24,478,438 |  |  |  | 18,953,309 |
Equity |  |  | 1,258,194 |  |  |  | 1,258,194 |  |  |  | - |  |  |  | - |
Short-term investments |  |  | 63,062,155 |  |  |  | 63,062,155 |  |  |  | 63,763,005 |  |  |  | 63,763,005 |
Total Investments |  | $ | 1,474,597,939 |  |  | $ | 1,431,576,768 |  |  | $ | 1,159,135,422 |  |  | $ | 1,108,810,753 |
As of June 30, 2024, approximately 17.1% of the long-term investment portfolio at amortized cost and 17.3% of the long-term investment portfolio measured at fair value, respectively, were invested in non-qualifying assets. As of December 31, 2023, approximately 14.2% of the long-term investment portfolio at amortized cost and 14.1% of the long-term investment portfolio measured at fair value, respectively, were invested in non-qualifying assets. With respect to the Company’s total assets, 16.2% and 13.2% of the Company’s total assets were in non-qualifying assets as defined by Section 55(a) of the 1940 Act as of June 30, 2024 and December 31, 2023, respectively. The industry composition of investments based on fair value, as a percentage of total investments at fair value, as of June 30, 2024 and December 31, 2023 was as follows:
|  | June 30, 2024 |  |  | December 31, 2023 |
Software |  |  | 12.3 | % |  |  | 14.0 | %
Healthcare Providers and Services |  |  | 9.4 | % |  |  | 9.3 | %
Professional Services |  |  | 7.5 | % |  |  | 7.2 | %
Insurance |  |  | 7.0 | % |  |  | 5.9 | %
IT Services |  |  | 6.2 | % |  |  | 6.7 | %
Hotels, Restaurants and Leisure |  |  | 4.5 | % |  |  | 4.2 | %
Short-Term Investments |  |  | 4.4 | % |  |  | 5.8 | %
Chemicals |  |  | 4.1 | % |  |  | 2.9 | %
Diversified Financial Services |  |  | 4.1 | % |  |  | 4.2 | %
Independent Power and Renewable Electricity Producers |  |  | 4.0 | % |  |  | 3.4 | %
Media |  |  | 3.0 | % |  |  | 3.7 | %
Diversified Consumer Services |  |  | 2.5 | % |  |  | 1.6 | %
Structured Note |  |  | 2.3 | % |  |  | 1.2 | %
Construction and Engineering |  |  | 2.3 | % |  |  | 2.6 | %
Building Products |  |  | 2.2 | % |  |  | 2.9 | %
Auto Components |  |  | 2.1 | % |  |  | 1.7 | %
Food Products |  |  | 2.0 | % |  |  | 2.0 | %
Internet Software and Services |  |  | 1.9 | % |  |  | 1.4 | %
Machinery |  |  | 1.6 | % |  |  | 1.6 | %
Electronic Equipment, Instruments and Components |  |  | 1.4 | % |  |  | 1.5 | %
Containers and Packaging |  |  | 1.4 | % |  |  | 1.7 | %
Metals and Mining |  |  | 1.3 | % |  |  | 1.2 | %
Aerospace and Defense |  |  | 1.2 | % |  |  | 1.2 | %
Oil, Gas and Consumable Fuels |  |  | 1.1 | % |  |  | 0.9 | %
Energy Equipment and Services |  |  | 1.1 | % |  |  | 1.4 | %
Diversified Telecommunication Services |  |  | 0.9 | % |  |  | 0.8 | %
Structured Subordinated Note |  |  | 0.8 | % |  |  | 1.7 | %
Household Durables |  |  | 0.8 | % |  |  | 0.4 | %
Real Estate Management and Development |  |  | 0.8 | % |  |  | 0.6 | %
Commercial Services and Supplies |  |  | 0.7 | % |  |  | 1.3 | %
Wireless Telecommunication Services |  |  | 0.7 | % |  |  | 0.6 | %
Pharmaceuticals |  |  | 0.6 | % |  |  | 0.6 | %
Road and Rail |  |  | 0.6 | % |  |  | 0.5 | %
Electric Utilities |  |  | 0.6 | % |  |  | - | %
Electrical Equipment |  |  | 0.6 | % |  |  | 0.5 | %
Industrial Conglomerates |  |  | 0.6 | % |  |  | 0.4 | %
Healthcare Equipment and Supplies |  |  | 0.5 | % |  |  | 0.8 | %
Specialty Retail |  |  | 0.5 | % |  |  | 0.6 | %
Airlines |  |  | 0.4 | % |  |  | - | %
Healthcare Technology |  |  | - | % |  |  | 1.0 | %
Total |  |  | 100.0 | % |  |  | 100.0 | %

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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