XML 51 R44.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments - Schedule of Valuation Techniques and Significant Inputs of Level III Investments (Details) - Level III
$ in Thousands
Jun. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 360,683 $ 357,528
First Lien Debt | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 41,153 $ 8,846
First Lien Debt | Enterprise Value | Average EBITDA Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   0.4
First Lien Debt | Enterprise Value | Average EBITDA Multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 6.1  
First Lien Debt | Enterprise Value | Average EBITDA Multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 8  
First Lien Debt | Enterprise Value | Average EBITDA Multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 5.3 0.1
First Lien Debt | Enterprise Value | Expected Sale Proceeds    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 90.3 97.6
First Lien Debt | Enterprise Value | Average Settlement Value | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 0.4  
First Lien Debt | Enterprise Value | Average Settlement Value | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 1.3  
First Lien Debt | Enterprise Value | Average Settlement Value | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 0.2  
First Lien Debt | Enterprise Value | Takeback Paper Price    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 105  
First Lien Debt | Income Approach    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 241,004 $ 275,179
First Lien Debt | Income Approach | Discount Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 0.9 5.3
First Lien Debt | Income Approach | Discount Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 24.5 40.7
First Lien Debt | Income Approach | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 9.3 12.4
First Lien Debt | Near-term Repayment - Refinancing    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 9,704  
First Lien Debt | Near-term Repayment - Refinancing | Current Payment Terms (Par)    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 100  
First Lien Debt | Recent Transaction    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments   $ 5,270
First Lien Debt | Recent Transaction | Discount Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   13.8
First Lien Debt | Recent Transaction | Discount Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   14.2
First Lien Debt | Recent Transaction | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   14
Second Lien Debt | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments   $ 300
Second Lien Debt | Enterprise Value | Discount Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   9.5
Second Lien Debt | Enterprise Value | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   9.5
Second Lien Debt | Income Approach    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 22,220 $ 22,932
Second Lien Debt | Income Approach | Discount Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 8.2 13.8
Second Lien Debt | Income Approach | Discount Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 20.8 14.2
Second Lien Debt | Income Approach | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 13.8 14
Second Lien Debt | Enterprise Valuation    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 178  
Second Lien Debt | Enterprise Valuation | Takeback Paper Price    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 10.8  
Subordinated Debt | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments   $ 1,225
Subordinated Debt | Enterprise Value | Recovery Rate Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   0.1
Subordinated Debt | Enterprise Value | Recovery Rate Multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   0.1
Subordinated Debt | Enterprise Value | Average Settlement Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   61
Subordinated Debt | Enterprise Value | Average Settlement Value | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   61
Subordinated Debt | Income Approach    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 483  
Subordinated Debt | Income Approach | Discount Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 15.4  
Subordinated Debt | Income Approach | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 15.4  
Subordinated Debt | Recovery Analysis    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 1,210  
Subordinated Debt | Recovery Analysis | Average Settlement Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 47.1  
Equity | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 18,753 $ 19,805
Equity | Enterprise Value | Average EBITDA Multiple | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 1.4 5
Equity | Enterprise Value | Average EBITDA Multiple | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 18 18
Equity | Enterprise Value | Average EBITDA Multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 4.1 6.9
Equity | Enterprise Value | Expected Sale Proceeds    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 90.3  
Equity | Enterprise Value | Average EBITDA Multiple / WACC | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 0.4 0.4
Equity | Enterprise Value | Average EBITDA Multiple / WACC | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 3.7 3.7
Equity | Enterprise Value | Average EBITDA Multiple / WACC | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 1.2 1.1
Equity | Enterprise Value | Book Value of Equity | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   1
Equity | Enterprise Value | Book Value of Equity | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   1.6
Equity | Enterprise Value | Book Value of Equity | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   1.6
Equity | Income Approach    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 4,405 $ 57
Equity | Income Approach | Discount Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs   15
Equity | Income Approach | Discount Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 12.5  
Equity | Income Approach | Discount Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 21.4  
Equity | Income Approach | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 17.1 15
Equity | Recent Transaction    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 672 $ 671
Equity | Recent Transaction | Discount Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 12.4 12.4
Equity | Recent Transaction | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 12.4 12.4
Collateralized Loan Obligations | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 7,354 $ 8,968
Collateralized Loan Obligations | Discounted Cash Flow | Discount Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 17.2 18.4
Collateralized Loan Obligations | Discounted Cash Flow | Discount Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 24.1 25.2
Collateralized Loan Obligations | Discounted Cash Flow | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 20.4 21.1
Collateralized Loan Obligations | Discounted Cash Flow | Recovery Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 65 65
Collateralized Loan Obligations | Discounted Cash Flow | Recovery Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 75 75
Collateralized Loan Obligations | Discounted Cash Flow | Recovery Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 70 70
Collateralized Loan Obligations | Discounted Cash Flow | Probability of Default | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 1.8 1.8
Collateralized Loan Obligations | Discounted Cash Flow | Probability of Default | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 2.5 2.5
Collateralized Loan Obligations | Discounted Cash Flow | Probability of Default | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 2 2
Collateralized Loan Obligations | Discounted Cash Flow | Prepayment Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 15 15
Collateralized Loan Obligations | Discounted Cash Flow | Prepayment Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 25 25
Collateralized Loan Obligations | Discounted Cash Flow | Prepayment Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 20 20
Joint Ventures | Discounted Cash Flow    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of investments $ 13,547 $ 14,275
Joint Ventures | Discounted Cash Flow | Discount Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 19.3 20.5
Joint Ventures | Discounted Cash Flow | Discount Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 20.9 22.1
Joint Ventures | Discounted Cash Flow | Discount Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 20.1 21.3
Joint Ventures | Discounted Cash Flow | Recovery Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 65 65
Joint Ventures | Discounted Cash Flow | Recovery Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 75 75
Joint Ventures | Discounted Cash Flow | Recovery Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 70 70
Joint Ventures | Discounted Cash Flow | Probability of Default | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 2.8 2.8
Joint Ventures | Discounted Cash Flow | Probability of Default | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 3.3 3.3
Joint Ventures | Discounted Cash Flow | Probability of Default | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 3 3
Joint Ventures | Discounted Cash Flow | Prepayment Rate | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 15 15
Joint Ventures | Discounted Cash Flow | Prepayment Rate | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 25 25
Joint Ventures | Discounted Cash Flow | Prepayment Rate | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 20 20
Derivatives | Enterprise Value | Average EBITDA Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 2.5 2.5
Derivatives | Enterprise Value | Average EBITDA Multiple | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Inputs 2.5 2.5