XML 48 R42.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments - Schedule of Changes in Fair Value of Investments (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Schedule of Investments [Line Items]        
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments Unrealized Gain (Loss) on Investments
Level 3        
Schedule of Investments [Line Items]        
Fair value, Beginning balance $ 2,343,421 $ 2,383,518 $ 2,332,982 $ 2,396,036
Net realized gains (losses) (12,529) 448 (17,855) 2,219
Net change in unrealized gains (losses) 8,429 (1,901) 12,200 993
Net amortization on investments 1,642 2,090 3,580 4,587
Purchases, including capitalized PIK 248,567 [1] 238,672 [2] 471,053 [1] 413,809 [2]
Sales (154,878) [1] (215,492) [2] (359,598) [1] (410,309) [2]
Transfers out of Level 3 [3]     (7,710)  
Transfers into Level 3 [4]   592   592
Fair value, Ending balance 2,434,652 2,407,927 2,434,652 2,407,927
Net change in unrealized gains (losses) on Level 3 investments still held (8,188) (1,827) (12,293) 1,006
First Lien Secured Debt | Level 3        
Schedule of Investments [Line Items]        
Fair value, Beginning balance 2,111,478 [5] 2,114,795 [6] 2,075,031 [5] 2,130,309 [6]
Net realized gains (losses) 3,171 [5] 448 [6] (2,787) [5] 2,980 [6]
Net change in unrealized gains (losses) (5,288) 2,381 [6] (707) [5] 2,653 [6]
Net amortization on investments 1,642 2,041 [6] 3,574 [5] 4,463 [6]
Purchases, including capitalized PIK 245,797 [1],[5] 208,572 [2],[6] 468,019 [1],[5] 360,080 [2],[6]
Sales (153,987) [1],[5] (211,871) [2],[6] (340,317) [1],[5] (384,119) [2],[6]
Fair value, Ending balance 2,202,813 [5] 2,116,366 [6] 2,202,813 [5] 2,116,366 [6]
Net change in unrealized gains (losses) on Level 3 investments still held (6,256) [5] 899 [6] (9,558) [5] 1,342 [6]
Second Lien Secured Debt | Level 3        
Schedule of Investments [Line Items]        
Fair value, Beginning balance 5,559 [5] 69,357 [6] 31,887 [5] 70,919 [6]
Net realized gains (losses)     273 [5] (1,128) [6]
Net change in unrealized gains (losses) (265) (967) [6] 12,031 [5] 21,016 [6]
Net amortization on investments   49 [6] 6 [5] 160 [6]
Purchases, including capitalized PIK [1],[5] 152   299  
Sales     (31,340) [1],[5] (22,528) [2],[6]
Transfers out of Level 3 [3],[5]     (7,710)  
Fair value, Ending balance 5,446 [5] 68,439 [6] 5,446 [5] 68,439 [6]
Net change in unrealized gains (losses) on Level 3 investments still held (228) [5] (965) [6] (858) [5] (1,200) [6]
Unsecured Debt | Level 3        
Schedule of Investments [Line Items]        
Fair value, Beginning balance 329 31   50
Net change in unrealized gains (losses) (12)   (2,347) (2)
Purchases, including capitalized PIK 8 [1],[5] 1 [2] 8 [1],[5] 2 [2]
Sales   (6) [2] 2,664 [1] (24) [2]
Fair value, Ending balance 325 26 325 26
Net change in unrealized gains (losses) on Level 3 investments still held 42   (2,347) (2)
Structured Products And Other | Level 3        
Schedule of Investments [Line Items]        
Fair value, Beginning balance 35,639 10,902 41,333 9,413
Net change in unrealized gains (losses) (2,725) (412) (6,072) 972
Purchases, including capitalized PIK 2,533 [1] 29,947 [2] 2,533 [1] 30,052 [2]
Sales [1] (742)   (3,089)  
Fair value, Ending balance 34,705 40,437 34,705 40,437
Net change in unrealized gains (losses) on Level 3 investments still held (2,725) 872 (6,072) 2,025
Preferred Equity | Level 3        
Schedule of Investments [Line Items]        
Fair value, Beginning balance 32,752 36,611 32,405 35,557
Net change in unrealized gains (losses) (142) (226) 89 778
Purchases, including capitalized PIK     116 [1] 50 [2]
Fair value, Ending balance 32,610 36,385 32,610 36,385
Net change in unrealized gains (losses) on Level 3 investments still held (142) (227) 89 777
Common Equity/Interests | Level 3        
Schedule of Investments [Line Items]        
Fair value, Beginning balance 157,406 151,361 152,127 149,314
Net realized gains (losses) (15,700)   (15,341) 367
Net change in unrealized gains (losses) 16,949 (2,553) 9,811 (24,287)
Net amortization on investments       (36)
Purchases, including capitalized PIK 77 [1] 152 [2] 78 [1] 23,625 [2]
Sales (149) [1] (3,615) [2] 11,908 [1] (3,638) [2]
Transfers into Level 3 [4]   592   592
Fair value, Ending balance 158,583 145,937 158,583 145,937
Net change in unrealized gains (losses) on Level 3 investments still held 1,208 (2,283) 7,058 (1,799)
Warrants - Warrants | Level 3        
Schedule of Investments [Line Items]        
Fair value, Beginning balance 258 461 199 474
Net change in unrealized gains (losses) (88) (124) (605) (137)
Sales [1]     576  
Fair value, Ending balance 170 337 170 337
Net change in unrealized gains (losses) on Level 3 investments still held $ (87) $ (123) $ (605) $ (137)
[1] Includes reorganizations and restructuring of investments
[2] Includes reorganizations and restructuring of investments.
[3] Transfers out (if any) of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into (if any) Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown.
[4] Transfers out (if any) of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into (if any) Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown.
[5] Includes unfunded commitments measured at fair value of $(4,072).
[6] Includes unfunded commitments measured at fair value of $(4,137).